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.
investment
Global Markets
Worldview | What India’s Trade Deals with US and EU Mean for Fashion
This week’s round-up of global markets fashion business news also features the next wave of Chinese luxury malls, Sri Lanka’s apparel exports and plans for Saudi Arabia’s new fashion district.
Worldview | What India’s Trade Deals with US and EU Mean for Fashion
This week’s round-up of global markets fashion business news also features the next wave of Chinese luxury malls, Sri Lanka’s apparel exports and plans for Saudi Arabia’s new fashion district.
Sports
How a Price Guarantee Helped Seal Pinault’s Puma Exit
A price-protection clause that guarantees François-Henri Pinault’s family a share of any near-term upside helped bridge a valuation gap and seal Anta’s $1.8 billion purchase of Puma’s largest stake.
How a Price Guarantee Helped Seal Pinault’s Puma Exit
A price-protection clause that guarantees François-Henri Pinault’s family a share of any near-term upside helped bridge a valuation gap and seal Anta’s $1.8 billion purchase of Puma’s largest stake.
Luxury
Indian Jewellery Maker Emerald Jewel Said Planning IPO for Up to $300 Million
Emerald Jewel Industry India Ltd., one of the country’s largest jewellery manufacturers, is weighing an IPO that could potentially pave the way for India’s biggest listings in the sector.
Indian Jewellery Maker Emerald Jewel Said Planning IPO for Up to $300 Million
Emerald Jewel Industry India Ltd., one of the country’s largest jewellery manufacturers, is weighing an IPO that could potentially pave the way for India’s biggest listings in the sector.
Beauty
Bain, Blackstone Among Suitors for Vitamin Maker Vitabiotics
Bain Capital and Blackstone are among private equity firms in the next round of bidding for the UK vitamin company, sources told Bloomberg.
Bain, Blackstone Among Suitors for Vitamin Maker Vitabiotics
Bain Capital and Blackstone are among private equity firms in the next round of bidding for the UK vitamin company, sources told Bloomberg.
Luxury
India Gold Imports Set to Drop as High Prices Hit Jewellery Demand
Record-high gold prices are expected to cause India’s gold imports to fall this year as demand for jewellery is crimped.
India Gold Imports Set to Drop as High Prices Hit Jewellery Demand
Record-high gold prices are expected to cause India’s gold imports to fall this year as demand for jewellery is crimped.
Technology
Phia Raises $35 Million Series A
The round values the Phoebe Gates-co-founded price-comparison platform at $185 million.
Phia Raises $35 Million Series A
The round values the Phoebe Gates-co-founded price-comparison platform at $185 million.
Global Markets
Worldview | Venezuela’s Fashion Retailers Return to ‘Business as Usual’
This week’s round-up of global markets fashion business news also features China’s plummeting footwear exports, Indonesian textiles and Chile’s department store giant.
Worldview | Venezuela’s Fashion Retailers Return to ‘Business as Usual’
This week’s round-up of global markets fashion business news also features China’s plummeting footwear exports, Indonesian textiles and Chile’s department store giant.
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.
Beauty
Why Pat McGrath Labs Filed for Bankruptcy
Once valued at $1 billion, the makeup brand has struggled to balance its creative point of view with commercial viability.
Why Pat McGrath Labs Filed for Bankruptcy
Once valued at $1 billion, the makeup brand has struggled to balance its creative point of view with commercial viability.
Luxury
LVMH Investors Demand Clarity on Bernard Arnault Succession Plan
Shareholders of the French conglomerate are expressing growing concern over the lack of transparency regarding Bernard Arnault’s plan for succession.
LVMH Investors Demand Clarity on Bernard Arnault Succession Plan
Shareholders of the French conglomerate are expressing growing concern over the lack of transparency regarding Bernard Arnault’s plan for succession.
Beauty
Pat McGrath Labs Files for Bankruptcy
The embattled cosmetics label has filed for Chapter 11 bankruptcy, according to filings, and cancelled its asset sale scheduled for Tuesday.
Pat McGrath Labs Files for Bankruptcy
The embattled cosmetics label has filed for Chapter 11 bankruptcy, according to filings, and cancelled its asset sale scheduled for Tuesday.
Technology
TikTok Seals Deal to Operate in the US After Years of Drama
The long-awaited deal to transfer parts of TikTok’s US operations to American investors secures the app’s future and avoids a nationwide ban.
TikTok Seals Deal to Operate in the US After Years of Drama
The long-awaited deal to transfer parts of TikTok’s US operations to American investors secures the app’s future and avoids a nationwide ban.
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.