Eli Lilly to Offer Early Access to Next-Gen Obesity Drug to Some Patients
Eli Lilly said on Monday it would allow a limited number of patients to have early access to its experimental obesity drug, retatrutide, before its US FDA approval.
investment
Beauty
Birkenstock Launches Foot Care Range
The German footwear maker is commemorating its 250th anniversary with a range of foot care products, including bath salts and a nourishing balm.
Birkenstock Launches Foot Care Range
The German footwear maker is commemorating its 250th anniversary with a range of foot care products, including bath salts and a nourishing balm.
Beauty
Euroitalia Acquires Moschino Beauty Brand From Aeffe
Euroitalia, longtime Moschino licensee, paid $109 million to acquire the brand's beauty rights.
Euroitalia Acquires Moschino Beauty Brand From Aeffe
Euroitalia, longtime Moschino licensee, paid $109 million to acquire the brand's beauty rights.
Beauty
Akt London Secures $7 Million to Drive US Expansion and Product Innovation
The British deodorant brand obtained funding from Felix Capital to fuel growth, forge new retail partnerships, and lead innovation in the sustainable personal care space.
Akt London Secures $7 Million to Drive US Expansion and Product Innovation
The British deodorant brand obtained funding from Felix Capital to fuel growth, forge new retail partnerships, and lead innovation in the sustainable personal care space.
Beauty
Silas Capital, Unilever Ventures Invest in Skincare Brand Oak Essentials
The premium beauty line founded by US clothing designer Jenni Kayne has taken on the investment to boost its marketing, distribution and product development efforts.
Silas Capital, Unilever Ventures Invest in Skincare Brand Oak Essentials
The premium beauty line founded by US clothing designer Jenni Kayne has taken on the investment to boost its marketing, distribution and product development efforts.
Retail
What the Fed’s Big Rate Cut Means for Fashion
The US Federal Reserve’s first interest rate cut since the pandemic will make borrowing cheaper. Ideally, it will ease pressure on some brands and retailers, encourage investment and drive more spending from shoppers.
What the Fed’s Big Rate Cut Means for Fashion
The US Federal Reserve’s first interest rate cut since the pandemic will make borrowing cheaper. Ideally, it will ease pressure on some brands and retailers, encourage investment and drive more spending from shoppers.
Beauty
Exclusive: L Catterton Invests in British Fragrance Brand Vyrao
The niche brand, founded by former fashion buyer Yasmin Sewell, has closed its second round of funding with Manzanita Capital and Estée Lauder’s corporate venture capital arm also participating.
Exclusive: L Catterton Invests in British Fragrance Brand Vyrao
The niche brand, founded by former fashion buyer Yasmin Sewell, has closed its second round of funding with Manzanita Capital and Estée Lauder’s corporate venture capital arm also participating.
Beauty
Cassandra Grey Buys Back Violet Grey — With Some Help
The cult beauty retailer’s founder teamed up with investor Sherif Guirgis to acquire the business back from Coupang, the South Korean owner of Farfetch.
Cassandra Grey Buys Back Violet Grey — With Some Help
The cult beauty retailer’s founder teamed up with investor Sherif Guirgis to acquire the business back from Coupang, the South Korean owner of Farfetch.
Beauty
L’Oréal Joins $38.6 Million Funding Round For Biotech Start-up Abolis
The French cosmetics conglomerate has backed a number of biotech firms as it looks to secure a fresh crop of future-proofed ingredients.
L’Oréal Joins $38.6 Million Funding Round For Biotech Start-up Abolis
The French cosmetics conglomerate has backed a number of biotech firms as it looks to secure a fresh crop of future-proofed ingredients.
Luxury
Mytheresa Grows Sales Amid Continued Focus on Top Clients
After surviving the luxury e-commerce slowdown this year, Mytheresa is preparing for the future by introducing new initiatives to retain its stronghold on its highest spending customers.
Mytheresa Grows Sales Amid Continued Focus on Top Clients
After surviving the luxury e-commerce slowdown this year, Mytheresa is preparing for the future by introducing new initiatives to retain its stronghold on its highest spending customers.
Luxury
Chanel Owners and L’Oréal Heir Investing in Olsens’ The Row
The Wertheimer family and Francoise Bettencourt Meyers’ Tethys Invest have acquired minority stakes in The Row, valuing the Olsen sisters’ luxury label at approximately $1 billion, with Imaginary Ventures also joining the investment.
Chanel Owners and L’Oréal Heir Investing in Olsens’ The Row
The Wertheimer family and Francoise Bettencourt Meyers’ Tethys Invest have acquired minority stakes in The Row, valuing the Olsen sisters’ luxury label at approximately $1 billion, with Imaginary Ventures also joining the investment.
Beauty
A Deodorant Brand Bets on The ‘Aesop Effect’
Daniel Bense, a former Aesop executive, is putting his learnings from the Australian megabrand to work in a new premium personal care company.
A Deodorant Brand Bets on The ‘Aesop Effect’
Daniel Bense, a former Aesop executive, is putting his learnings from the Australian megabrand to work in a new premium personal care company.
Luxury
The Coach-Michael Kors Deal Has Its Day in Court
Hours before its runway show during New York Fashion Week on Monday, Coach’s parent company, Tapestry, faced off with the FTC to prove its $8 billion acquisition of Michael Kors’ owner Capri isn’t anti-competitive.
The Coach-Michael Kors Deal Has Its Day in Court
Hours before its runway show during New York Fashion Week on Monday, Coach’s parent company, Tapestry, faced off with the FTC to prove its $8 billion acquisition of Michael Kors’ owner Capri isn’t anti-competitive.
The News in Brief
India’s Nykaa Posts Higher Quarterly Profit on Strong Beauty Demand, Fashion Growth
India’s FSN E-Commerce Ventures, which operates beauty and fashion retailer Nykaa, reported a more than three-fold rise in quarterly profit on Tuesday, boosted by strong growth in its beauty business and a sharp acceleration in fashion sales.
Ferragamo Returns to Profit as Relaunch Strategy Advances
The Italian luxury brand swung to a net profit for the first half after growing sales in the second quarter, with turnaround efforts particularly evident in its directly owned shops.
Shein Seeks $30 Billion to $40 Billion Valuation for August IPO, Sources Say
The valuation target marks a dramatic reset for Shein, which plans to launch its IPO as early as mid-August, three people familiar with the matter said.
Zalando Narrows Profit Outlook, Sees Growth at Lower End of Range
The online fashion retailer said 2026 revenue and growth will land in the lower half of its previously guided range and narrowed its adjusted operating profit outlook.
Nivea Maker Beiersdorf Cuts Guidance for 2026, Citing Market Conditions
Beiersdorf trimmed its full-year guidance on Monday on slower-than-expected recovery at its core brand Nivea and other economic headwinds.
Soshe Launches at Ulta Beauty
The refillable clean makeup brand will enter the complexion category as it makes its debut across over 700 Ulta Beauty doors.
Shein Said to Weigh Cost Reset for Late Backers Before IPO
The retailer is considering lowering the investment cost for late backers who came in at a valuation of up to $64 billion as it prepares to list at a much lower value, people familiar with the matter said.