The News In Brief
Fantastic Man Magazine Launches in China
Former Yves Saint Laurent creative director Stefano Pilati will join Fantastic Man China as editor at large.
Ulta Beauty Chief Financial Officer to Depart, Interim Leader Appointed
The American cosmetics retailer said on Wednesday that longtime financial executive Chris Lialios will serve as interim chief financial officer until it finds a suitable replacement for outgoing CFO Paula Oyibo.
Swiss Antitrust Authorities Open Investigation Into Nivea Pricing
The group known as COMCO said on Tuesday it will investigate the mass skincare brand’s parent company, Beiersdorf, over a pricing dispute with a local retailer.
Selfridges Wins Approval for Private Members’ Club
The Westminster City Council approved an application to convert space in the department store’s flagship London outlet into a membership venue with a terrace and private dining room.
Forever 21’s US Operator Wins Court Approval to Liquidate
The embattled fast-fashion company's repayment plan includes a settlement with lenders and former Forever 21 parent Sparc Group that’s designed to boost recoveries for unsecured creditors that stood to get pennies on the dollar.
Glossier CEO Kyle Leahy to Exit
After three years as chief executive, Leahy will step down from her role by year-end, and will retain her board seat while assisting the company in finding a successor.
Swedish Textile Recycler Syre to Partner With Gap, Target as Demand for Sustainable Clothing Grows
The H&M-backed textile recycling firm will supply the US retailers with recycled polyester.
Unilever to Acquire Men’s Personal Care Brand Dr. Squatch
The consumer goods giant announced on Monday that it had signed a definitive agreement to acquire the American men’s brand, known for its soaps and grooming products.
Elliott-Backed Claire’s Eyes Sale as Tariffs Hit Budget Jeweller
Claire’s needs to address a nearly $500 million loan due in December 2026 and recently chose to defer interest payments on its debt to conserve cash.
Amazon’s Premium Beauty Push May Be a Buffer Against Trump’s Tariffs
The Seattle-based e-commerce company is betting that sales growth in its beauty category, which includes Estée Lauder’s Clinique, Olaplex and L’Oréal’s Urban Decay, will offset the impact of tariffs on its upcoming Prime Day event.
UTA Names Darnell Strom to Lead London Office
Strom will step into a newly created UK leadership role as the agency positions London as a hub for its expansion across Europe, the Middle East and Africa.
US Strikes on Iran Come at Fragile Moment for the Global Economy
The outlook now hinges on how forcefully the Islamic Republic retaliates, with any trade disruptions caused by a further escalation of the conflict acting as yet another brake on the world economy.