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The News In Brief

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.


Beauty

Estée Lauder Considers Bid for Puig at €18-19 per Share, Source Says

Cosmetics giant Estée Lauder is considering launching a takeover bid for all of Puig’s Class B shares at 18 to 19 euros ($21 to $22.20) a share, ​said ⁠a source close to the matter.

Beauty

Estée Lauder Considers Bid for Puig at €18-19 per Share, Source Says

Cosmetics giant Estée Lauder is considering launching a takeover bid for all of Puig’s Class B shares at 18 to 19 euros ($21 to $22.20) a share, ​said ⁠a source close to the matter.


Beauty

Unilever Sales Rise on Strong Demand in India, Brazil

The UK multinational’s sales rose more than expected as consumers in emerging markets snapped up its cleaning products and Dove soap, offsetting lacklustre demand in the US.

Beauty

Unilever Sales Rise on Strong Demand in India, Brazil

The UK multinational’s sales rose more than expected as consumers in emerging markets snapped up its cleaning products and Dove soap, offsetting lacklustre demand in the US.


Retail

EBay Forecasts Second-Quarter Revenue Above Estimates

The ​company's strategy to pivot away from low-value, high-volume items is gaining ​traction.

Retail

EBay Forecasts Second-Quarter Revenue Above Estimates

The ​company's strategy to pivot away from low-value, high-volume items is gaining ​traction.


Luxury

LVMH Watch Boss Sees Jean Arnault as Best Candidate for His Role

Jean-Christophe Babin, the head of LVMH’s watch division, said he’s ready for a phased retirement.

Luxury

LVMH Watch Boss Sees Jean Arnault as Best Candidate for His Role

Jean-Christophe Babin, the head of LVMH’s watch division, said he’s ready for a phased retirement.


Media

Vogue to Launch Romanian Edition in 2027

The new edition will debut with six print issues a year, joining a growing roster of licenced titles in the magazine’s international portfolio.

Media

Vogue to Launch Romanian Edition in 2027

The new edition will debut with six print issues a year, joining a growing roster of licenced titles in the magazine’s international portfolio.


Beauty

Sol de Janeiro Appoints Jordan Saxemard as CEO, Heela Yang Exits Brand

The L’Occitane-owned body care label has announced a new chief executive and the departure of its founder.

Beauty

Sol de Janeiro Appoints Jordan Saxemard as CEO, Heela Yang Exits Brand

The L’Occitane-owned body care label has announced a new chief executive and the departure of its founder.


Luxury

Armani 2025 Sales Dip as Group Flags Market Shifts

The Italian group reported a 2.8% drop in revenue in its first full-year results since the death of founder Giorgio Armani.

Luxury

Armani 2025 Sales Dip as Group Flags Market Shifts

The Italian group reported a 2.8% drop in revenue in its first full-year results since the death of founder Giorgio Armani.


Retail

Adidas Reports Strong Sales in ‘Very Volatile’ Market

The company delivered stronger than expected profit and sales in the first quarter, driven by strength in categories such as running.

Retail

Adidas Reports Strong Sales in ‘Very Volatile’ Market

The company delivered stronger than expected profit and sales in the first quarter, driven by strength in categories such as running.


Beauty

Puig Sales Growth Slows Despite Stable Revenue

The parent company of Byredo and Charlotte Tilbury reported softened sales growth in the US and Europe as demand for niche fragrances cools.

Beauty

Puig Sales Growth Slows Despite Stable Revenue

The parent company of Byredo and Charlotte Tilbury reported softened sales growth in the US and Europe as demand for niche fragrances cools.


Beauty

Kimberly-Clark Sticks to 2026 Outlook, Beats Sales Estimates

Kimberly-Clark kept its annual forecast intact and beat first-quarter sales estimates on Tuesday, as the company expects to close its $40 billion acquisition of Tylenol and Neutrogena in the second half of 2026.

Beauty

Kimberly-Clark Sticks to 2026 Outlook, Beats Sales Estimates

Kimberly-Clark kept its annual forecast intact and beat first-quarter sales estimates on Tuesday, as the company expects to close its $40 billion acquisition of Tylenol and Neutrogena in the second half of 2026.