J&J to Pay $5.5 Billion to Settle Talc-Related Cancer Claims
Johnson & Johnson on Monday said it agreed to a $5.5 billion commitment to resolve years of litigation related to claims that its talc products caused ovarian cancer.
Animal Welfare
Latest News & Analysis
Luxury
Luxury’s Fur Calculus: To Ban or Not to Ban?
This week, French luxury conglomerate Kering made a commitment to go entirely fur-free, but the calculus looks different for LVMH, the world’s largest luxury group.
Luxury’s Fur Calculus: To Ban or Not to Ban?
This week, French luxury conglomerate Kering made a commitment to go entirely fur-free, but the calculus looks different for LVMH, the world’s largest luxury group.
Sustainability
Kering CEO Says Fur Has ‘No Place in Luxury’
Kering brands like Gucci and Bottega Veneta banned fur years ago, but the French luxury group is extending the policy across all its labels.
Kering CEO Says Fur Has ‘No Place in Luxury’
Kering brands like Gucci and Bottega Veneta banned fur years ago, but the French luxury group is extending the policy across all its labels.
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The News in Brief
Lenzing Closes UK, Austria Sites in Turnaround Bid
The closures are the latest in a series of cost-cutting and refinancing measures at the textile maker, which has faced headwinds from competition in China and India.
Bernard Arnault Joins X as LVMH CEO Fights Off Rumours of Family Disunity
French newspaper Le Monde published a six-part series last week on the tycoon, including alleged tensions among his family members driven by succession.
CVC Mulls Buying Stake in Jeweller APM Monaco From TPG
CVC Capital Partners is considering buying a stake in the fashion jeweller from private-equity firm TPG Inc., according to people familiar with the matter.
London’s Liberty Doubles Fabric Section as Sewing Booms
The department store has more than doubled the size of its fabrics department and will host crafting classes this autumn as social media drives a surge in activities like sewing.
US Businesses File Lawsuit Challenging New ‘Forced Labour’ Tariffs
Two small businesses, backed by the group that successfully sued over previous tariffs, say the new policy similarly exceeds the president’s authority to tax imports.
Perfume Maker Givaudan’s Sales Beat Estimates, Tariff Paybacks Weigh on Shares
Givaudan’s second-quarter organic sales came in ahead of market estimates on Thursday, but its shares fell 5 percent on litigation costs and tariff repayments.
Trump to Impose Forced Labour Duties on Friday as Temporary 10% US Tariffs Expire
The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February struck down his ‘reciprocal’ duties.