Shein Discloses FTC Probe in US, Warns of Significant Payments
According to documents the ultra-fast-fashion company filed in connection with its planned Hong Kong IPO, Shein is cooperating with the investigation and could face significant fines.
mergers-acquisitions
Beauty
Black-Owned Beauty Label Ami Colé to Close
The brand will shutter in September after four years in operation. Founder Diarrha N'Diaye-Mbaye wrote that it was “clear that continuing in [the] current market wasn’t sustainable."
Black-Owned Beauty Label Ami Colé to Close
The brand will shutter in September after four years in operation. Founder Diarrha N'Diaye-Mbaye wrote that it was “clear that continuing in [the] current market wasn’t sustainable."
Beauty
Why Ulta Beauty Bought Space NK
The US retailer’s surprise buyout of the London-based upmarket chain is in line with its recent business overall, which puts global expansion at the core of future growth.
Why Ulta Beauty Bought Space NK
The US retailer’s surprise buyout of the London-based upmarket chain is in line with its recent business overall, which puts global expansion at the core of future growth.
Beauty
Ulta Beauty Acquires Space NK
The deal gives the US specialty retailer a strong footprint in the UK market as it looks to drive international growth.
Ulta Beauty Acquires Space NK
The deal gives the US specialty retailer a strong footprint in the UK market as it looks to drive international growth.
Retail
Saks Is Ceding Ground to Luxury Rivals After Buying Neiman Marcus
The $2.7 billion acquisition was intended to strengthen the department stores’ positions as luxury giants, but now both are struggling against competitors like Nordstrom and Bloomingdale’s.
Saks Is Ceding Ground to Luxury Rivals After Buying Neiman Marcus
The $2.7 billion acquisition was intended to strengthen the department stores’ positions as luxury giants, but now both are struggling against competitors like Nordstrom and Bloomingdale’s.
Beauty
Who Could Buy Coty’s Brands?
Rumours have swirled in recent weeks that the American cosmetics company is looking to offload its consumer and prestige brands. In a cooling market and with a mixed portfolio, finding buyers is a hard sell.
Who Could Buy Coty’s Brands?
Rumours have swirled in recent weeks that the American cosmetics company is looking to offload its consumer and prestige brands. In a cooling market and with a mixed portfolio, finding buyers is a hard sell.
Beauty
Reliance Retail Invests in Facial Chain Facegym
The partnership will bring Facegym’s signature treatments to the Indian market through both standalone studios and spaces within its Tira beauty stores.
Reliance Retail Invests in Facial Chain Facegym
The partnership will bring Facegym’s signature treatments to the Indian market through both standalone studios and spaces within its Tira beauty stores.
Retail
E-Commerce Firm Jumia Draws Takeover Interest From Axian
A deal between the biggest e-commerce platform in Africa and telecommunications company Axian would help both company expand across the continent.
E-Commerce Firm Jumia Draws Takeover Interest From Axian
A deal between the biggest e-commerce platform in Africa and telecommunications company Axian would help both company expand across the continent.
Retail
Billionaire H&M Founding Family Speeds Up Share Purchases
The Persson family and its related companies owned over 60 percent of H&M's shares at the end of May, prompting speculation the company may return to private ownership.
Billionaire H&M Founding Family Speeds Up Share Purchases
The Persson family and its related companies owned over 60 percent of H&M's shares at the end of May, prompting speculation the company may return to private ownership.
Beauty
L’Oréal to Acquire Hair Care Brand Color Wow
Hair care was the second fastest-growing category at L’Oréal last year after fragrances.
L’Oréal to Acquire Hair Care Brand Color Wow
Hair care was the second fastest-growing category at L’Oréal last year after fragrances.
Luxury
Exclusive: Roberto Cavalli CEO to Exit as Owner Seeks Sale
Sergio Azzolari is stepping down after less than three years at the helm of the Italian label as its Dubai-based owner aims to bring on a strategic partner to support growth at the loss-making brand.
Exclusive: Roberto Cavalli CEO to Exit as Owner Seeks Sale
Sergio Azzolari is stepping down after less than three years at the helm of the Italian label as its Dubai-based owner aims to bring on a strategic partner to support growth at the loss-making brand.
Beauty
Unilever to Acquire Men’s Personal Care Brand Dr. Squatch
The consumer goods giant announced on Monday that it had signed a definitive agreement to acquire the American men’s brand, known for its soaps and grooming products.
Unilever to Acquire Men’s Personal Care Brand Dr. Squatch
The consumer goods giant announced on Monday that it had signed a definitive agreement to acquire the American men’s brand, known for its soaps and grooming products.
Retail
Former Expedia CEO Buys Troubled Luxury Lingerie Brand La Perla
Peter Kern purchased the legally embattled Italian brand for €25 million.
Former Expedia CEO Buys Troubled Luxury Lingerie Brand La Perla
Peter Kern purchased the legally embattled Italian brand for €25 million.
The News in Brief
Frasers Group Takes a Position in Burberry
The billionaire Mike Ashley’s investment arm disclosed Tuesday it holds an interest worth a potential 4.2 percent of the voting rights in Burberry.
EssilorLuxottica Beats Forecasts, AI Glasses and Myopia Products Drive Growth
The Franco-Italian eyewear maker reported a 15 percent rise in first-half profit, beating expectations, while revenue growth was driven by strong demand for AI-enabled glasses myopia products.
Whoop Names Kyle Leahy Chief Commercial Officer
Leahy joins the wearables brand from Glossier, where she was chief executive for three years.
Chinese Jeweller Laopu Gold’s Shares Drop on Growth Outlook
The jeweller lost $2.1 billion in market value after forecasting first-half 2026 revenue growth of up to 66 percent, a sharp slowdown from last year that unsettled investors in one of China’s most viral consumer brands.
Unilever Lifts Outlook on Strongest Volume Growth in Over A Decade
Unilever upgraded its annual forecast on Tuesday, as consumers reached for brands like Vaseline and Dove despite household budget concerns stemming from the Iran war.
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.
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.