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The News In Brief

Creative Class

Gap Co-Founder Doris Fisher Dies at 94

Under Fisher’s guidance, The Gap grew from a single San Francisco storefront into a global $16 billion business.

Creative Class

Gap Co-Founder Doris Fisher Dies at 94

Under Fisher’s guidance, The Gap grew from a single San Francisco storefront into a global $16 billion business.


Retail

Amazon Opens Up Its Logistics Network to Other Businesses in Growth Push

Amazon Supply Chain Services will allow companies to tap the tech giant's freight network to move, store and deliver ​everything from ⁠raw materials to final products.

Retail

Amazon Opens Up Its Logistics Network to Other Businesses in Growth Push

Amazon Supply Chain Services will allow companies to tap the tech giant's freight network to move, store and deliver ​everything from ⁠raw materials to final products.


Beauty

Mcobeauty Parent Company Appoints Global CEO

Australian beauty company DBG Health, parent of popular dupe brand MCo Beauty, has appointed former Stila chief executive Michelle Kluz as its global CEO.

Beauty

Mcobeauty Parent Company Appoints Global CEO

Australian beauty company DBG Health, parent of popular dupe brand MCo Beauty, has appointed former Stila chief executive Michelle Kluz as its global CEO.


Global Markets

OPEC+ Set to Agree Third Oil Output Quota Hike Since Hormuz Closure

OPEC+ is set to agree on Sunday to a modest oil output hike, but the increase will remain largely on paper as long as the US-Iran war continues to disrupt Gulf oil supplies, sources told Reuters.

Global Markets

OPEC+ Set to Agree Third Oil Output Quota Hike Since Hormuz Closure

OPEC+ is set to agree on Sunday to a modest oil output hike, but the increase will remain largely on paper as long as the US-Iran war continues to disrupt Gulf oil supplies, sources told Reuters.


Beauty

Adwoa Beauty to Enter Liquidation

A Texas court ruled that the hair-care label’s bankruptcy filing be converted to Chapter 7.

Beauty

Adwoa Beauty to Enter Liquidation

A Texas court ruled that the hair-care label’s bankruptcy filing be converted to Chapter 7.


Beauty

Coty’s Perfume Business Takes Another Knock With David Beckham Fragrance Lawsuit

The US beauty firm is facing a lawsuit from the company behind former football star David Beckham’s eponymous fragrance for alleged material breaches of the license agreement, court documents show.

Beauty

Coty’s Perfume Business Takes Another Knock With David Beckham Fragrance Lawsuit

The US beauty firm is facing a lawsuit from the company behind former football star David Beckham’s eponymous fragrance for alleged material breaches of the license agreement, court documents show.


Beauty

Estée Lauder Sales Rise 2%, Job Cuts to Expand

Double-digit growth in the conglomerate’s perfume division helped offset a lack of growth in its other units as the company continues its years-long turnaround strategy.

Beauty

Estée Lauder Sales Rise 2%, Job Cuts to Expand

Double-digit growth in the conglomerate’s perfume division helped offset a lack of growth in its other units as the company continues its years-long turnaround strategy.


Beauty

Premium Body Care Brand Uni Appoints New Global CMO

Heather Fisher, former chief marketing officer of Fenty Beauty, has joined the Australian body care brand.

Beauty

Premium Body Care Brand Uni Appoints New Global CMO

Heather Fisher, former chief marketing officer of Fenty Beauty, has joined the Australian body care brand.


Luxury

Zegna Revenues Rise 7.4%

The Italian luxury group’s first-quarter performance surpassed market expectations powered by solid growth in direct-to-consumer sales in the US.

Luxury

Zegna Revenues Rise 7.4%

The Italian luxury group’s first-quarter performance surpassed market expectations powered by solid growth in direct-to-consumer sales in the US.


Sports

Inventory Clean-Up Helps Puma Beat First-Quarter Expectations

The German sportswear maker also announced it had appointed former Hugo Boss CEO Mark Langer as its chief financial officer, effective Friday.

Sports

Inventory Clean-Up Helps Puma Beat First-Quarter Expectations

The German sportswear maker also announced it had appointed former Hugo Boss CEO Mark Langer as its chief financial officer, effective Friday.


Global Markets

Oil Prices Soar to Wartime High with US and Iran Stuck in Standoff

Brent oil surged to more than $126 a barrel on Thursday, before paring gains to $121.40 as traders factor in an even longer closure of the Strait of Hormuz.

Global Markets

Oil Prices Soar to Wartime High with US and Iran Stuck in Standoff

Brent oil surged to more than $126 a barrel on Thursday, before paring gains to $121.40 as traders factor in an even longer closure of the Strait of Hormuz.


Beauty

Reliance Retail Acquires Priyanka Chopra Jonas’ Hair Care Brand Anomaly

The company will leverage its omnichannel network to scale the label, citing India as a priority market.

Beauty

Reliance Retail Acquires Priyanka Chopra Jonas’ Hair Care Brand Anomaly

The company will leverage its omnichannel network to scale the label, citing India as a priority market.