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The News In Brief

Retail

Korean Fashion Retailer Musinsa Seeking $6.8 Billion Valuation With IPO

The KKR-backed group has tapped Citigroup and JPMorgan as underwriters for the initial public offering.

Retail

Korean Fashion Retailer Musinsa Seeking $6.8 Billion Valuation With IPO

The KKR-backed group has tapped Citigroup and JPMorgan as underwriters for the initial public offering.


Beauty

Jane Lauder Exercises Estée Lauder Companies Options

The granddaughter of Estée Lauder and former ELC chief data officer netted just under $90,000 from the transaction, according to regulatory filings.

Beauty

Jane Lauder Exercises Estée Lauder Companies Options

The granddaughter of Estée Lauder and former ELC chief data officer netted just under $90,000 from the transaction, according to regulatory filings.


Luxury

Loewe Marketing Chief Charlie Smith Departs for UK Tech Firm Nothing

Smith is joining London-based smartphone company Nothing, where he will oversee brand, image, marketing, communications and store design.

Luxury

Loewe Marketing Chief Charlie Smith Departs for UK Tech Firm Nothing

Smith is joining London-based smartphone company Nothing, where he will oversee brand, image, marketing, communications and store design.


Retail

US Senator Calls for Federal Investigations of Shein and Temu

Republican Senator Tom Cotton has asked the US departments of Justice and Homeland Security to investigate the Chinese companies for alleged wide-scale intellectual property theft and counterfeiting.

Retail

US Senator Calls for Federal Investigations of Shein and Temu

Republican Senator Tom Cotton has asked the US departments of Justice and Homeland Security to investigate the Chinese companies for alleged wide-scale intellectual property theft and counterfeiting.


Retail

Shein Probed by Texas Attorney General Over Labour Practices, Product Safety

The investigation will also examine the fast-fashion giant’s data collection and privacy practices.

Retail

Shein Probed by Texas Attorney General Over Labour Practices, Product Safety

The investigation will also examine the fast-fashion giant’s data collection and privacy practices.


Beauty

ByErim and Make Waves Win Inaugural Breakout Beauty UK Accelerator Prize

The new awards program, put on by incubator Growth Studio and sponsored by Boots and TikTok Shop, honoured the haircare and body labels with a grand prize that includes retailer placement and executive mentorship.

Beauty

ByErim and Make Waves Win Inaugural Breakout Beauty UK Accelerator Prize

The new awards program, put on by incubator Growth Studio and sponsored by Boots and TikTok Shop, honoured the haircare and body labels with a grand prize that includes retailer placement and executive mentorship.


Luxury

Swiss Lawmakers File Criminal Complaint Over Trump-Tariff Gifts, Including Rolex Clock

Two Swiss MPs urged the Office of the Attorney General to investigate whether the gifts were tantamount to bribery of foreign officials.

Luxury

Swiss Lawmakers File Criminal Complaint Over Trump-Tariff Gifts, Including Rolex Clock

Two Swiss MPs urged the Office of the Attorney General to investigate whether the gifts were tantamount to bribery of foreign officials.


Beauty

Eli Lilly Cuts Zepbound Price to Widen Obesity Drug’s Access

The US pharmaceutical giant has lowered the price of single-dose vials of its popular obesity drug Zepbound to make the treatment more affordable for US patients.

Beauty

Eli Lilly Cuts Zepbound Price to Widen Obesity Drug’s Access

The US pharmaceutical giant has lowered the price of single-dose vials of its popular obesity drug Zepbound to make the treatment more affordable for US patients.


Retail

EssilorLuxottica Wearables Chief Rocco Basilico to Exit in January

Basilico, who led the eyewear giant’s smart-glasses collaborations with Meta, is leaving to 'pursue personal interests,' the company said.

Retail

EssilorLuxottica Wearables Chief Rocco Basilico to Exit in January

Basilico, who led the eyewear giant’s smart-glasses collaborations with Meta, is leaving to 'pursue personal interests,' the company said.


Beauty

LVMH Luxury Ventures Takes Minority Stake in BDK Parfums

With the support of LVMH’s investment arm, the niche French fragrance house plans to expand its international footprint.

Beauty

LVMH Luxury Ventures Takes Minority Stake in BDK Parfums

With the support of LVMH’s investment arm, the niche French fragrance house plans to expand its international footprint.


Retail

AI Helps Drive Record $11.8 Billion in Black Friday Online Spending

AI-powered shopping tools helped drive a surge in US online spending on Black Friday, as shoppers bypassed crowded stores and turned to chatbots to compare prices and secure discounts amid concerns about tariff-driven price hikes.

Retail

AI Helps Drive Record $11.8 Billion in Black Friday Online Spending

AI-powered shopping tools helped drive a surge in US online spending on Black Friday, as shoppers bypassed crowded stores and turned to chatbots to compare prices and secure discounts amid concerns about tariff-driven price hikes.


Luxury

Prada CEO Sees No Further Acquisitions After Versace Closing Next Week

Andrea Guerra stated that the luxury group has no immediate plans for further acquisitions following the expected completion of the Versace takeover next week.

Luxury

Prada CEO Sees No Further Acquisitions After Versace Closing Next Week

Andrea Guerra stated that the luxury group has no immediate plans for further acquisitions following the expected completion of the Versace takeover next week.