The Independents Acquires Production Studio Smuggler
The global collective has brought film studio Smuggler under its umbrella to bolster its entertainment capabilities.
conglomerates
Beauty
Unilever Sales Lifted by Dove Soap, India Beauty Demand
The UK personal care giant posted better-than-expected sales at the end of last year, boosted by premium beauty and home care products in India and China.
Unilever Sales Lifted by Dove Soap, India Beauty Demand
The UK personal care giant posted better-than-expected sales at the end of last year, boosted by premium beauty and home care products in India and China.
Beauty
Estée Lauder Sues Walmart Over Alleged Counterfeit Fragrances
Estée Lauder sued Walmart in California federal court on Monday, accusing the retail giant of selling knockoffs of Estée Lauder fragrance and skin care brands including Clinique, Tom Ford and Le Labo.
Estée Lauder Sues Walmart Over Alleged Counterfeit Fragrances
Estée Lauder sued Walmart in California federal court on Monday, accusing the retail giant of selling knockoffs of Estée Lauder fragrance and skin care brands including Clinique, Tom Ford and Le Labo.
Beauty
Shiseido Expects Profit Rebound After Drunk Elephant Writedown
Shiseido Co. said it expects to return to operating profit this year after posting its first loss in decades in 2025 due to a writedown of the Drunk Elephant brand.
Shiseido Expects Profit Rebound After Drunk Elephant Writedown
Shiseido Co. said it expects to return to operating profit this year after posting its first loss in decades in 2025 due to a writedown of the Drunk Elephant brand.
Beauty
LVMH Names Véronique Courtois Head of Beauty Division
Currently chief executive of Parfums Christian Dior, Courtois will oversee LVMH’s entire beauty stable, including Guerlain, Fenty and Benefit Cosmetics.
LVMH Names Véronique Courtois Head of Beauty Division
Currently chief executive of Parfums Christian Dior, Courtois will oversee LVMH’s entire beauty stable, including Guerlain, Fenty and Benefit Cosmetics.
Beauty
KKR Prepares Wella Company for US IPO
The Investment firm is preparing OPI nail polish owner Wella Company to go public as soon as this year, in an offering that could value the company at more than the $4.3 billion KKR paid for it.
KKR Prepares Wella Company for US IPO
The Investment firm is preparing OPI nail polish owner Wella Company to go public as soon as this year, in an offering that could value the company at more than the $4.3 billion KKR paid for it.
Beauty
Ontario Court Hands $750K Fine to Estée Lauder Over Use of ‘Forever Chemical’
An Ontario court has issued a $750,000 fine to Estée Lauder after the cosmetics company pled guilty to violating the Canadian Environmental Protection Act following the discovery of a 'forever chemical' in select eyeliner products.
Ontario Court Hands $750K Fine to Estée Lauder Over Use of ‘Forever Chemical’
An Ontario court has issued a $750,000 fine to Estée Lauder after the cosmetics company pled guilty to violating the Canadian Environmental Protection Act following the discovery of a 'forever chemical' in select eyeliner products.
Beauty
Astra Signs Obesity Drug Deal in China Worth Up to $18.5 Billion
AstraZeneca agreed to pay Chinese company CSPC Pharmaceutical Group Ltd. as much as $18.5 billion for its obesity drug candidates, as the UK drugmaker tries to push into the growing weight-loss market.
Astra Signs Obesity Drug Deal in China Worth Up to $18.5 Billion
AstraZeneca agreed to pay Chinese company CSPC Pharmaceutical Group Ltd. as much as $18.5 billion for its obesity drug candidates, as the UK drugmaker tries to push into the growing weight-loss market.
Sports
Anta Sports to Buy 29% Stake in Puma for $1.8 Billion
The Pinault family agreed to sell its 29 percent stake in Puma to China’s Anta, paring back its holdings beyond luxury as it focuses on a turnaround at Gucci.
Anta Sports to Buy 29% Stake in Puma for $1.8 Billion
The Pinault family agreed to sell its 29 percent stake in Puma to China’s Anta, paring back its holdings beyond luxury as it focuses on a turnaround at Gucci.
Retail
Tariffs Starting to Bump Up Product Prices, Amazon CEO Says
Amazon CEO Andy Jassy told CNBC product prices on the e-commerce platform are starting to rise as third-party sellers pass on higher costs caused by US tariffs.
Tariffs Starting to Bump Up Product Prices, Amazon CEO Says
Amazon CEO Andy Jassy told CNBC product prices on the e-commerce platform are starting to rise as third-party sellers pass on higher costs caused by US tariffs.
Beauty
Shiseido Faces Tough Turnaround After Costly Cosmetics Stumbles
Once a formidable challenger to L’Oréal and the Estée Lauder Companies, Japan's largest beauty conglomerate is navigating its biggest challenge in decades, hurt by a costly misfire in North America and pressure from international rivals.
Shiseido Faces Tough Turnaround After Costly Cosmetics Stumbles
Once a formidable challenger to L’Oréal and the Estée Lauder Companies, Japan's largest beauty conglomerate is navigating its biggest challenge in decades, hurt by a costly misfire in North America and pressure from international rivals.
Global Markets
How Ronald Lauder Encouraged Trump to Pursue Greenland
The cosmetics scion and friend of the US president has long harboured business interests in the Danish territory and its cache of ‘rare earth minerals,’ according to The Guardian.
How Ronald Lauder Encouraged Trump to Pursue Greenland
The cosmetics scion and friend of the US president has long harboured business interests in the Danish territory and its cache of ‘rare earth minerals,’ according to The Guardian.
Beauty
Opinion: Luxury Brands Need to Find Their Wellness Niches
If health is the new wealth, conglomerates like LVMH and Kering need to command a share of this spending, writes Bloomberg's Andrea Felsted.
Opinion: Luxury Brands Need to Find Their Wellness Niches
If health is the new wealth, conglomerates like LVMH and Kering need to command a share of this spending, writes Bloomberg's Andrea Felsted.
The News in Brief
L’Oréal Steals French Stock Market Crown From LVMH
The cosmetics group became France’s most valuable listed company on Tuesday, the first time since 2017 that a non-luxury company has claimed the top spot at the end of a trading day.
Authentic Brands Targets Creator Economy, Eyes Public Offering
The licensor could pursue an IPO as early as the first half of next year.
Vogue Mexico and Latin America Editor-in-Chief Karla Martinez de Salas to Step Down
The industry veteran is joining Latino-focused media platform Avance Global to establish a new lifestyle brand that will span fashion, design, travel, food, culture and entertainment.
Prada Revamps Milan Flagship to Cater to Top Clients and New Shoppers
The group is hoping the renovated eight-level complex can generate €100 million in annual revenue, chief executive Andrea Guerra told Reuters.
JD Sports Names New North America CEO, Chief Marketing Officer
The sneaker retailer is shaking up its North American leadership as it looks to reverse soft sales and an extended slump in the stock market.
Top Africa Clothes Retailer Pepkor Sinks on Earnings Outlook
Shares in the South African discount clothing retailer fell the most in more than three years, as an expansion into banking weighed on profit forecasts.
Kimberly-Clark Prepares Asset Sales to Win EU Nod for Kenvue Deal
The US consumer goods giant is preparing concessions to address EU antitrust concerns about its bid for Tylenol maker Kenvue that could help it win approval for the $40 billion deal, sources told Reuters.