The News In Brief
Il Makiage Owner Oddity to Launch New Brand, Lifts Full-Year Outlook
The US company’s net revenue grew 25% in the second quarter 2025 as it gears up to launch a new dermatological skin and body brand in the fall.
Fenty Beauty Launches in India With Sephora and Tira Beauty
The LVMH-owned cosmetics label has signed an exclusive deal with Reliance Retail to launch Fenty Beauty and Fenty Skin online and in 50 doors.
Indie Beauty Brand Youthforia to Close
The brand had been mired in controversy since 2024, when the botched roll out of its Date Night foundation led to accusations of racial insensitivity and exclusion.
Swiss Luxury Watchmakers’ Shares Drop After Trump Tariff Shock
The sector is already under pressure from a stronger franc and falling global demand.
Italian Competition Authority Hits Shein with €1 Million Greenwashing Fine
The Singapore-headquartered fast fashion retailer was fined for misleading customers about the environmental impact of its products in its second financial sanction by a European competition authority in little more than a month.
Italian Regulator Fines Giorgio Armani €3.5 Million for Unfair Commercial Practices
The fashion group and one of its units ‘issued misleading ethical and social responsibility statements in contrast with the actual working conditions found at suppliers and subcontractors,’ Italy’s antitrust regulator said.
Report: Kering in Talks with Qatar to Offload Milan Property
The French group may sell a majority stake in the company that owns the building to Qatar’s royal family for €1.3 billion, Italy’s Il Corriere della Sera newspaper said.
Colgate-Palmolive Sales Rise, Announces Restructuring Plan
The personal care giant beat expectations and delineated steps taken to mitigate the effects of tariffs, and will embark on a five-year cost-cutting plan.
Watches of Switzerland Tumbles After Trump’s 39 percent Tariff Salvo
Shares in the retailer of Rolex and other Swiss timepieces fell as much as 6 percent, as Switzerland was hit with some of the highest duties globally.
Relief in Southeast Asia As Trump’s Tariffs Level Playing Field
Major garment producers like Vietnam and Cambodia now face similar tariff rates of around 20 percent, lower than previously threatened.
End of US Parcel Tax Relief Threatens Ebay, Etsy Trade
The removal of the “de minimis” exemption for small parcels entering the US will raise the cost of international shipments for the secondhand and craft retail platforms.
Asia Factory Outlook at Lowest Since Pandemic on Trump Tariffs
Manufacturers in Southeast Asia are less optimistic about future growth, despite recent improvements in output, amid tariff uncertainty.