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The News In Brief

Beauty

J&J to Pay $5.5 Billion to Settle Talc-Related Cancer Claims

Johnson & Johnson on Monday said it agreed to a $5.5 billion commitment to resolve years of litigation related to claims that its talc products caused ovarian cancer.

Beauty

J&J to Pay $5.5 Billion to Settle Talc-Related Cancer Claims

Johnson & Johnson on Monday said it agreed to a $5.5 billion commitment to resolve years of litigation related to claims that its talc products caused ovarian cancer.


Retail

Lenzing Closes UK, Austria Sites in Turnaround Bid

The closures are the latest in a series of cost-cutting and refinancing measures at the textile maker, which has faced headwinds from competition in China and India.

Retail

Lenzing Closes UK, Austria Sites in Turnaround Bid

The closures are the latest in a series of cost-cutting and refinancing measures at the textile maker, which has faced headwinds from competition in China and India.


Luxury

Bernard Arnault Joins X as LVMH CEO Fights Off Rumours of Family Disunity

French newspaper Le Monde published a six-part series last week on the tycoon, including alleged tensions among his family members driven by succession.

Luxury

Bernard Arnault Joins X as LVMH CEO Fights Off Rumours of Family Disunity

French newspaper Le Monde published a six-part series last week on the tycoon, including alleged tensions among his family members driven by succession.


Luxury

CVC Mulls Buying Stake in Jeweller APM Monaco From TPG

CVC Capital Partners is considering buying a stake in the fashion jeweller from private-equity firm TPG Inc., according to people familiar with the matter.

Luxury

CVC Mulls Buying Stake in Jeweller APM Monaco From TPG

CVC Capital Partners is considering buying a stake in the fashion jeweller from private-equity firm TPG Inc., according to people familiar with the matter.


Retail

London’s Liberty Doubles Fabric Section as Sewing Booms

The department store has more than doubled the size of its fabrics department and will host crafting classes this autumn as social media drives a surge in activities like sewing.

Retail

London’s Liberty Doubles Fabric Section as Sewing Booms

The department store has more than doubled the size of its fabrics department and will host crafting classes this autumn as social media drives a surge in activities like sewing.


Global Markets

US Businesses File Lawsuit Challenging New ‘Forced Labour’ Tariffs

Two small businesses, backed by the group that successfully sued over previous tariffs, say the new policy similarly exceeds the president’s authority to tax imports.

Global Markets

US Businesses File Lawsuit Challenging New ‘Forced Labour’ Tariffs

Two small businesses, backed by the group that successfully sued over previous tariffs, say the new policy similarly exceeds the president’s authority to tax imports.


Retail

Skims Promotes Tracy Nguyen as Its First Chief Communications Officer

In the newly minted role, Nguyen will oversee entertainment, sports and brand partnerships, while continuing to lead Skims’ global communications.

Retail

Skims Promotes Tracy Nguyen as Its First Chief Communications Officer

In the newly minted role, Nguyen will oversee entertainment, sports and brand partnerships, while continuing to lead Skims’ global communications.


Beauty

Perfume Maker Givaudan’s Sales Beat Estimates, Tariff Paybacks Weigh on Shares

Givaudan’s second-quarter organic sales came in ahead of market estimates on Thursday, but its shares ​fell 5 percent on litigation costs and tariff repayments.

Beauty

Perfume Maker Givaudan’s Sales Beat Estimates, Tariff Paybacks Weigh on Shares

Givaudan’s second-quarter organic sales came in ahead of market estimates on Thursday, but its shares ​fell 5 percent on litigation costs and tariff repayments.


News & Analysis

Trump to Impose Forced Labour Duties on Friday as Temporary 10% US Tariffs Expire

The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February ​struck down ⁠his ‘reciprocal’ duties.

News & Analysis

Trump to Impose Forced Labour Duties on Friday as Temporary 10% US Tariffs Expire

The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February ​struck down ⁠his ‘reciprocal’ duties.


Beauty

LVMH Appoints General Manager of Fragrance

Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.

Beauty

LVMH Appoints General Manager of Fragrance

Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.


Global Markets

India Changes Rule in Win for Foreign E-Commerce Companies

In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.

Global Markets

India Changes Rule in Win for Foreign E-Commerce Companies

In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.


Beauty

Skincare Brand Prequel Appoints C-Suite

The dermatologist-developed label has named Nathalie Kristo as its first chief executive officer and Toral Patel as chief marketing officer.

Beauty

Skincare Brand Prequel Appoints C-Suite

The dermatologist-developed label has named Nathalie Kristo as its first chief executive officer and Toral Patel as chief marketing officer.