The News In Brief
Hyères Fashion Festival Awards Top Prize to Lucas Emilio Brunner
The Swiss-Chilean designer took top honours at the 40th edition of the festival, which operated in a condensed three-day format this year.
Fire at Airport Cargo Complex Disrupts Bangladesh’s Garment Exports
Losses are expected to run into millions of dollars, according to industry leaders.
Japanese Beauty Group Finetoday Postpones Tokyo IPO
Finetoday, Shiseido’s personal care division that was spun off as its own company in 2021, has cancelled its second IPO attempt in two years citing market conditions.
Thieves Steal ‘Priceless’ Jewels From Paris’ Louvre
Thieves broke into the Museum through a window on Sunday, leading to the museum’s closure for the day.
Kering Plans to Sell $4 Billion Beauty Division to L’Oréal
A deal would be an early move by new Kering CEO Luca de Meo to revive the luxury giant’s fortunes.
UK’s Asos in Talks With German Authorities Over Customs Duty Claims
The British fast-fashion retailer is in talks with German customs authorities over a legal dispute regarding underpaid import duties.
Trump Vows Lower Ozempic Prices, Novo Nordisk Shares Dip
Novo Nordisk shares fell as much as 6.4 percent in early Friday trading after the US President signalled the price of the Danish drugmaker’s weight-loss drugs would be lowered.
Harry’s Owner Mammoth Brands Acquires Baby Care Line Coterie
The premium baby care brand will join a portfolio that includes shaving line Flamingo and deodorant maker Lume.
Ulta Beauty Names New Chief Financial Officer
Christopher DelOrefice, who joins the US beauty retailer from Becton Dickinson & Company, will assume the role effective December 2025.
Nestlé to Cut 16,000 Jobs
The world’s largest packaged food company, and parent of supplement brands like Vital Proteins, will winnow its workforce over the next two years to cut costs and win back investor confidence.
J&J Faces First Baby Powder Lawsuits in the UK
Johnson & Johnson is facing the first lawsuits in the UK over allegations that its talc products cause cancer, as it fights tens of thousands of similar claims in the US.
AI Styling Tool Alta Partners with Poshmark
The app will feature offerings from Poshmark, including preowned luxury handbags from Louis Vuitton, Fendi and Gucci.