The News In Brief
Il Makiage Owner Reports Double-Digit Revenue Growth
Oddity, the parent company of beauty labels SpoiledChild and Il Makiage, reported a revenue surge of 27 percent in its 2024 earnings, alongside plans to invest in its biotech division and develop two new brands.
Consumers ‘Under Attack’ Are Pulling Back, Wrangler Maker Says
Kontoor shares sank as much as 16 percent on Tuesday, the most intraday since 2020, after the company gave a 2025 earnings outlook that fell short of analysts’ estimates.
Saks Global Is Laying Off About 5% of US Corporate Workers
The layoffs come as the company continues the integration process following the recent acquisition of Neiman Marcus.
Women’s Conference Trybe Cancels, Citing Trump DEI Pushback
The event was slated for May 2025 in Las Vegas and had confirmed speakers from Sephora, H&M and TikTok.
Fara Homidi Beauty Secures Sandbridge Capital Funding
After a Sephora launch last year, the celebrity makeup artist’s eponymous label joins Sandbridge’s portfolio of high-profile beauty and fashion brands.
Unilever Chief Schumacher Will Hand Over to CFO in Surprise Exit
Schumacher will step down on March 1, and leave the company at the end of May in an unexpected move.
Together Group Acquires Digital Studios Imerza and Visualisation One
Together Group, parent company to Purple PR, has acquired animation and technology studios Imerza and Visualisation One to enhance its immersive digital experience capabilities.
Trump Says Tariffs on Mexico, Canada ‘Going Forward’ Next Month
The Trump administration confirmed that tariffs on Canada and Mexico will take effect next month as planned, following a delay for the countries to address his concerns over border security and illegal immigration.
Trump FTC Chair Pledges to Keep Aggressive Merger Enforcement
The organisation’s chairman Andrew Ferguson vowed to aggressively block illegal mergers, reaffirming the agency’s commitment to challenging deals that violate antitrust laws, continuing the stance taken during the Biden administration.
Hims & Hers’ 458% Rally Tested as FDA Undercuts Obesity Sales
The telehealth company’s meteoric rise has hit a roadblock after FDA regulations challenge its weight-loss drug business, setting up a crucial test for the stock ahead of Monday’s earnings report.
Glamour UK Names New Head of Editorial Content
Kemi Alemoru will join the publication on March 3 and will report to Glamour’s global editorial director Samantha Barry.
Shein Profit Dropped Last Year, Further Challenging IPO, FT Says
The Financial Times reported the fast-fashion retailer’s profit slumped by almost 40% last year and that net income fell to $1 billion.