PAI Partners to Acquire Elemis from L’Occitane
The French private equity group announced on Wednesday that it will buy the UK skin and body care brand for an undisclosed sum.
Brooklyn, United States
Sustainability
How 1 Hotels Attracts Luxury’s Elusive Sustainably Motivated Consumers
The Brooklyn Bridge hotel is utilising new technologies and new marketing tactics to reach and engage luxury consumers whose spending habits are environmentally motivated.
Retail
Disruptive Sneaker Brand Greats Partners with Nordstrom
The direct-to-consumer footwear label enters the wholesale game for the first time in a deal with the American department store.
News & Analysis
Brooklyn Seen as Best Bet for NYC to Win New Amazon Headquarters
The borough’s image as a hip hub for Millennials could give it a leg up as the e-commerce giant hunts for the perfect locale for its second US headquarters.
Financial Markets
Etsy IPO Expected to be Priced at $14-$16 Per Share
Etsy Inc, which operates a website that sells handmade goods and craft supplies, said its initial public offering was expected to be priced at $14-$16 per share.
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The News in Brief
Estée Lauder Sets 2030 Growth, Margin Targets as Turnaround Advances
At its capital markets event in Shanghai, leadership said it aims to deliver mid-single-digit organic net sales growth through fiscal 2030, and unveiled a new cost-cutting and strategic roadmap.
Nykaa Quarterly Profit Nearly Triples on Beauty Demand, Margin Gains
The Indian beauty retailer said on Wednesday its second-quarter profit nearly tripled, as improved operating efficiency and strong demand for premium beauty products boosted margins.
Report: CVS Plans to Break Up Healthcare Conglomerate
The US retailer is planning to spin off its pharmacy business in what would be one of the biggest-ever breakups in the healthcare industry, according to reports.
Pandora Nudges Up Outlook, Speeds Up Launches
The jeweller edged up its near-term revenue and profitability targets as efforts to keep the brand affordable pay off.
Novo Nordisk Hikes 2026 Outlook Again
The Ozempic maker raised its full-year outlook for the third time this year on Wednesday as its Wegovy pill beat third-quarter sales forecasts, boosting the Danish firm's bid to win back ground from US rival Eli Lilly.
Dsm-Firmenich Raises Growth Outlook in Line With Expectations
The fragrance firm reported third-quarter core profit a touch above market expectations on Wednesday, and raised its full-year growth outlook but failed to impress investors.
M&S Sales Recovering After Last Year’s Cyber Attack
Sales and profit from clothing and homeware remain below two years ago but ‘brand is in good health.’