The News In Brief
Alibaba’s Tsai-Backed Firm Buys 12% of Italian Luxury Sneaker Maker Golden Goose
The investment comes after the maker of $600 a pair sneakers abruptly pulled plans for a stock market listing last year.
Silas Capital Invests in J-Beauty Brand Damdam
The Japanese skincare brand has raised $3 million in a seed funding round led by the firm behind a successful Ilia Beauty exit.
Black-Owned Brands Urge US Consumers Not to Boycott Target Over End of Diversity Efforts
With the US political climate trending right, the Minneapolis-based company announced the move on Friday prompting calls for a boycott of its stores from labor advocacy group We Are Somebody and a Minneapolis city council member.
Estée Lauder Reviews Brands Amid Management Change
The beauty giant is reviewing its portfolio of beauty brands with Evercore Inc. as it looks to streamline operations and boost its share price under new CEO Stéphane de La Faverie.
Mytheresa to Rename Parent Company After YNAP Acquisition
The German luxury e-tailer will change the name of its holding company to LuxExperience after it closes its deal to acquire Yoox-Net-a-Porter.
Pharmacists Urge Regulations Around Online Sale of GLP-1 Drugs
The National Pharmacy Association has called for stricter regulations and mandatory consultations on the online sale of weight-loss injections to protect patient safety amid an anticipated rise in demand.
Zegna Group Returns to Growth in Fourth Quarter
Ermenegildo Zegna Group Returns to Growth in Fourth Quarter
Jewellery-Shipper Ferrari Group Kicks Off Amsterdam IPO Plans
A valuation of more than $1 billion may be sought, Bloomberg reported on Sunday.
Trump to Hold Off on 25% Colombia Tariffs
Donald Trump claimed Colombia had agreed to his terms on Sunday following a diplomatic impasse which saw the US president threaten to impose tariffs and sanctions on the South American country over deported migrants.
Kim Jones Awarded Chevalier de la Légion d’Honneur
The British designer received Chevalier de la Légion d’honneur, France’s highest honour, shortly after presenting Dior’s latest menswear collection.
Influencer Marketing Platform ShopMy Raises $77.5 Million Funding Round
The Series B round will be used to fuel the affiliate platform’s expansion beyond fashion and beauty.
Estée Lauder Companies Group President to Step Down
Peter Jueptner will exit his role after 16 years at the American beauty conglomerate.