The News In Brief
Shinola Appoints Ulrich Wohn as President
The former TAG Heuer North America CEO has been tapped to lead the Detroit-based maker of watches and leather goods in its next phase of growth.
Small UK Business Owner to Face L’Oréal at Tribunal Over Trademark Dispute
The French company claimed Rebecca Dowdeswell’s use of the name nkd for her business would cause ‘consumer confusion’ with its own range of Naked beauty products.
Designer Marina Yee of the ‘Antwerp Six’ Has Died
The Belgian designer, who was known for her innovative designs and use of upcycled materials, passed away at 67.
Mariah Carey Partners with Sephora on Holiday Campaign
Riffing on her oft-memed annual “It’s time!” holiday video, Sephora is tapping Carey’s star power to promote gifting season.
Mytheresa Parent Company to Sell The Outnet to Investment Group
LuxExperience on Friday announced it was offloading the assets of the discount e-tailer to The O Group, six months after finalising its acquisition of Yoox-Net-a-Porter.
US Treasury’s Bessent Says China Has Approved TikTok Transfer Deal
China has approved the transfer agreement for TikTok, with the US Treasury Secretary expecting the resolution to proceed in the coming weeks and months.
Novo Nordisk Offers $9 Billion Unsolicited Bid for Obesity Drug Maker Metsera
The Danish pharmaceutical company, which makes Ozempic and Wegovy, made a surprise offer for the US firm after Pfizer acquired it for $4.9 billion in September.
Puig Warns of ‘Softer’ Fragrance Market, Sales Increase 6.1%
The Spanish owner of Byredo and Charlotte Tilbury saw a huge uptick in its makeup unit and the Asia Pacific market, but its fragrance division and sales in the US were more muted.
CFDA and Bezos Earth Fund to Partner on Sustainability Initiative
The three-year collaboration, dubbed “The Next Thread,” will fund emerging designers, students, and storytelling projects reimagining the future of sustainable fashion.
Bob Mackie Sues JCPenney Over Apparel Line
The American fashion designer alleged that the retailer ignored his cease-and-desist letter.
Chanel Names New Head of US Brand and Communications
Katie Welch, currently the chief marketing officer of Rare Beauty, will move into the new role overseeing the luxury label’s beauty and fashion divisions on Jan. 5.
Estée Lauder Beats Quarterly Estimates on Robust Growth in Fragrances
The Estée Lauder Companies beat Wall Street estimates for first-quarter sales and profit on Thursday on strong demand for its Le Labo and Tom Ford fragrances and an uptick in China demand.