The News In Brief
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.
Chalhoub Group Invests in Willy Chavarria
The investment will fuel the New York-based brand’s expansion, including into markets such as Europe and Asia.
Kim Kardashian Plots Skims Beauty Line
The multi-hyphenate entrepreneur announced on the “Call Her Daddy” podcast that she intends to relaunch her beauty line under the Skims brand.
Perfume Maker Givaudan Sales Grow 5.4%, Announces Price Hikes
The Swiss flavour and fragrance firm said sales grew 5.4 percent in the first nine months of 2025, driven by success in fine fragrance, and announced tariff-related price increases.
Shein Warns on Trump Tariff Uncertainty After Profits Slip
The Singaporean parent company of the ultra-fast-fashion retailer said pre-tax profits had fallen by 13 percent to $1.3 billion last year from $1.3 billion in 2023 after an increase in selling and marketing costs.
Billion Dollar Beauty Files Trademark Suit Against Anastasia Beverly Hills
In a US court filing, Makeup label Billion Dollar Beauty accused the brow brand of infringing on its trademarks in CEO Anastasia Soare's upcoming book title, Bloomberg Law reports.