The News In Brief
L’Oréal Divests Hair Care Line Carol’s Daughter
Originally founded in Brooklyn in 1993, the line focusses on the needs of curly, coily and Afro hair, and is one of a small number of Black-founded brands to be acquired by a major beauty conglomerate.
Shana Randhava is Latest Executive to Depart Estée Lauder Companies
As ELC restructures amid new leadership, the executive behind its next-gen acquisitions like Deciem is leaving the company.
Reddit Co-Founder Alexis Ohanian Joins Frank McCourt’s Bid for TikTok
Ohanian is expected to help promote the Project Liberty bid to buy the US assets of TikTok, which would let users control how their data will be used and shared.
Versace Owner Capri Jumps on Prada Moving Closer to Purchase
Capri Holdings Ltd. saw its shares rise as much as 9.6 percent following reports that it is close to selling its Italian luxury brand Versace to Prada for up to €1.5 billion, a deal that could help Prada compete with luxury giants like LVMH and Kering SA.
Luxury Slump Hits Shop Openings Across Europe’s Toniest Streets
Fashion’s biggest firms opened fewer stores last year in 2024 as the luxury slowdown hit the world’s most desirable shopping locales.
Italian Court Lifts Supervision of Dior Unit Over Labour Exploitation
The company said it had worked to enhance its supply chain operations since Italian prosecutors linked it to sweatshops on the outskirts of Milan.
US Consumer Spending Falls in January; Monthly Inflation Rises
A rise in inflation could provide the Federal Reserve with a reason to delay interest rate cuts, despite economic concerns and slowing growth.
Mexico Analysing More Measures to Crack Down on Low-Cost Shipments, Official Says
The country is considering additional trade measures to address low-cost imports, particularly from China, after introducing tariffs on “de minimis” purchases to combat contraband and avoid tax evasion.
Rabanne Owner Puig Expects Slower Sales Growth in 2025
The global beauty slowdown and possible tariffs factored into a projected deceleration in the coming year.
Report: Walgreens Boots Alliance to be Split Three Ways Following Buyout
Private equity firm Sycamore Partners will split the company into three units separating its US and UK retail pharmacies and its healthcare business if a privatisation bid is successful, the Financial Times reports.
Bath & Body Works Forecasts Tepid Annual Results on Tariffs, Spending Concerns
Bath & Body Works forecast fiscal 2025 net sales growth of to 1 percent to 3 percent, largely below analysts' estimates for a 2.8 percent rise.
Warby Parker to Open Target Shop-in-Shops
The digitally native eyewear maker joins Ulta in carving out space inside the big box store. It also reported its highest quarterly growth since 2021.