The News In Brief
Boohoo Shareholders Vote to Block Mike Ashley From Joining Board
Investors representing 64% of Boohoo’s stock voted against appointing Ashley and Mike Lennon at a special meeting on Friday morning called by Ashley’s Frasers Group.
Walmart Says to Miss Climate Targets as Green Challenges Mount
Previous pledges to reduce operational greenhouse gas emissions by 65% by 2030 and 35% by 2025 are probably not achievable, and the company will consider reviewing its climate targets next year.
Lilly’s US Weight-Loss Drug Shortage Ends, Curtailing Copycats
Sales of cheaper compounded versions must stop within 90 days. Novo’s rival shots, Ozempic and Wegovy, remain in short supply.
Prada Group and EssilorLuxottica Renew Ten-Year Eyewear License
Building on an existing twenty-year partnership, Prada Group and the Franco-Italian eyewear conglomerate EssilorLuxottica have renewed their licensing agreement for ten years.
Sofie Pavitt Face Gets Picked Up By Sephora
The “acne whisperer” for A-list Gen Z celebrities inks her biggest retail partnership yet.
LVMH Bought a €50 Million Villa in Cannes for Brand Events
The conglomerate will use the 12-bedroom property to host exclusive shows and events for its companies, sources told Bloomberg.
The Body Shop is Profitable Again, Says CEO
The body care maker reportedly made a $2.5 million profit on $34.5 million in sales in the first three months under its new owners, Aurea Group, which acquired it out of administration in September.
Birkenstock Results Beat on Resilient Demand, Forecasts Margin Recovery
The company reported fourth-quarter revenue of €455.8 million ($478.27 million), compared with the average analyst estimate of €439.2 million.
Kering Seen Closing Property Deal in Early 2025 to Cut Debt Load
The closing of the deal could come in early 2025, as the company signaled earlier this year.
US Supreme Court to Consider TikTok Bid to Halt Ban
The court agreed to hear oral arguments on Jan. 10, giving TikTok another opportunity to plead its case.
Models Push New York Governor to Sign Labour Rights Bill as Deadline Looms
More than 200 models and industry leaders have written an open letter to New York governor Kathy Hochul urging her to sign a bill designed to protect models from exploitation.
Highsnobiety Names Noah Johnson Editor In Chief
The Zalando-owned media company also announced other key appointments for its global business.