The News In Brief
Outdoor Voices’ Ty Haney Sued by Investors in Energy Drink Venture
A group of local Boulder, Colorado-based investors in Haney’s beverage company, Joggy, filed a lawsuit against her this month, alleging securities fraud.
Bangladesh Drops Criminal Cases Against 48,000 Garment Workers
Labour rights campaigners hail the move as a “massive victory”, which comes two years after thousands of garment workers were charged for protesting against failed national minimum wage negotiations.
P&G Results Beat Estimates on Strength in Beauty, Razors
Procter & Gamble Co. reported better-than-expected sales for its latest quarter as consumers brushed off price increases and snapped up the company’s Gillette razors and Secret deodorant.
Target to Eliminate 1,800 Roles, 8% of Headquarters Team
Target Corp. is eliminating about 8 percent of corporate roles in its first major restructuring in years, according to a memo viewed by Bloomberg News, as the retailer seeks to reduce complexity and regain its footing.
Nigo Plans IPO for Streetwear Brand Human Made
Nigo is vying to raise $18 million through an initial public offering for the 15-year-old Japanese streetwear label.
Alibaba Launches AI Chatbot Service in Renewed Consumer Push
The Chinese e-commerce firm integrated the chat assistant into its Quark app, a platform that began as a browser but has been repositioned this year as Alibaba's flagship consumer application.
World Diamond Council Head Says Lab-Grown Gems Losing Their Sparkle
A collapse in lab-grown diamond prices on the back of increased production in China and India, has started to undermine confidence in the synthetic gems, Feriel Zerouki said.
Amazon Launches New AI Shopping Tool in US for the Indecisive
The feature, called Help Me Decide, will automatically appear at the top of a product detail page after shoppers have looked at several similar items, suggesting they need help.
Beiersdorf Cuts Forecast as Skincare Sales Slow
The German company, which owns Nivea, La Prairie and others, trimmed its 2025 outlook for a second time, citing a skincare sales slowdown in the third quarter.
Unilever’s Sales Beat Forecasts on Strong Beauty Demand
Unilever’s third-quarter underlying sales growth topped market expectations on Thursday, driven by its beauty products across North America and emerging markets, and kept its annual outlook unchanged.
Stylist and Fashion Editor Melanie Ward Has Died
Ward is best remembered for her role in shaping 1990s grunge fashion and serving as muse and collaborator of Helmut Lang.
Longevity Resort Lanserhof Receives $110 Million Investment
The legendary Austrian wellness hotelier and clinic will used the funds to launch a beauty line and bring its signature ‘detox’ treatments to new markets.