The News In Brief
Sir John Appointed Creative Director of Medicube
The makeup artist and former L’Oréal Paris creative director will advise the Korean skincare brand on marketing, events and product development.
Louis Vuitton in Talks with Cheng Family for Hong Kong Mega-Store
The new store would occupy about 40,000 square feet at the K11 Musea mall, making it one of Louis Vuitton’s largest in Asia, said sources.
Apparel Retailer Guess Gets Take-Private Offer From WHP Global
Guess, whose shares jumped over 30 percent in early trading on Monday, has formed a special committee to evaluate the proposal, though the deal isn’t guaranteed.
US Vice President Vance Tells NBC News He Expects a ‘High Level’ TikTok Deal by April 5
JD Vance, whom President Trump had tapped last month alongside Michael Waltz to facilitate the potential sale, said there will ‘almost certainly’ be an agreement allowing for ‘a distinct American TikTok enterprise.’
PepsiCo to Acquire Prebiotic Soda Brand Poppi for $1.95 Billion
The deal will help the beverage giant compete with rivals like Coca-Cola and Keurig Dr. Pepper as demand for sugary drinks wanes and consumers turn to healthier alternatives and functional beverages.
BNPL Firm Klarna Files for IPO
The Swedish digital payments company, which reached profitability along with a 24 percent revenue jump in 2024, is targeting a $15 billion valuation as demand for interest-free installment loans accelerates.
Prada’s CEO Flies to New York as Speculation Swirls Over Versace Bid
Amid talks to buy Versace, Prada CEO Andrea Guerra travelled to New York accompanied by Lorenzo Bertelli, the son of the group's leading shareholders Miuccia Prada and Patrizio Bertelli, according to a close source.
PepsiCo Nearing $1.5 Billion-Plus Deal for Functional Beverage Brand Poppi
Insiders told Bloomberg that deliberations are at a late stage, and a deal could be announced as soon as next week.
Zara Owner Inditex’s Transport Emissions Balloon to Record Highs
Despite ambitious climate goals, Inditex’s transport-related carbon emissions grew twice as fast as product volumes in 2024. According to its operator Aena, cargo shipments nearly doubled that year.
Shein Stays Committed to IPO
The fast fashion retailer’s executive chairman said that an IPO listing would engender public trust and company transparency amid accusations of labour violations.
Forever 21 Weighs Liquidation Ahead of Bankruptcy in Coming Days
Efforts to find a buyer for the US-based arm of the fast-fashion retailer to avoid liquidation have failed, however, talks with one potential bidder are ongoing, according to sources familiar with the matter.
Kering Shares Plunge 12% After Gucci’s Demna Appointment
The group sharply underperformed French luxury peers following the news, which proved controversial on social media.