L’Oréal Acquires South Korea’s Dr.G in Skincare Deal With Migros
French cosmetics giant L’Oréal said on Monday it had agreed to buy Gowoonsesang Cosmetics, which includes South Korean skincare brand Dr.G., from Swiss retailer Migros.
Reuters
Inside Luxury’s Broken Audit System
LVMH-owned Dior missed glaring problems during an assessment of working and safety conditions in its production arm in Italy last year, according to a review of unpublished court documents.
As Bitcoin Soars, Luxury Brands Consider Accepting Crypto Payments
High-end brands and retailers are expressing interest in crypto payments as they search for new pockets of wealth to combat a sector slowdown.
Instagram-Like Xiaohongshu Makes Inroads with E-Commerce Sales
The platform has long been one of China’s most important marketing tools, but until now has struggled to become a sales engine for brands.
Retail
US Retailers Attempt to Stir Excitement During Shorter Holiday Shopping Season
Retailers are ramping up Black Friday strategies with interactive experiences and high-tech products, while also stocking up on popular basics to cater to cautious shoppers facing higher prices and a shorter holiday season.
US Retailers Attempt to Stir Excitement During Shorter Holiday Shopping Season
Retailers are ramping up Black Friday strategies with interactive experiences and high-tech products, while also stocking up on popular basics to cater to cautious shoppers facing higher prices and a shorter holiday season.
ADVERTISEMENT
ADVERTISEMENT
The News in Brief
Birkenstock Results Beat on Resilient Demand, Forecasts Margin Recovery
The company reported fourth-quarter revenue of €455.8 million ($478.27 million), compared with the average analyst estimate of €439.2 million.
US Supreme Court to Consider TikTok Bid to Halt Ban
The court agreed to hear oral arguments on Jan. 10, giving TikTok another opportunity to plead its case.
US Retail Sales Beat Expectations in November
Retail sales jumped 0.7 percent last month after an upwardly revised 0.5 percent gain in October, the Commerce Department’s Census Bureau said on Tuesday.
US TikTok Content Creators Warn Followers to Find Them on Instagram, YouTube
American content creators on TikTok asked followers to subscribe to their channels on rival platforms like Meta-owned Instagram and Alphabet’s YouTube after a federal appeals court ruled that the social media app could be banned if it is not sold to a US-based company by Jan. 19.
Puig Shares Drop After Withdrawal of Some Batches of Charlotte Tilbury Spray
Shares in Puig dropped sharply in early Friday trade after the luxury beauty and fashion company said its Charlotte Tilbury brand was voluntarily withdrawing select batches of its make-up setting spray.
US Appeals Court Upholds TikTok Law Forcing Its Sale
A U.S. federal appeals court on Friday upheld a law requiring Chinese-based ByteDance to divest its popular short video app TikTok in the United States by early next year or face a ban.
Lululemon Raises Annual Forecasts Betting on Robust Holiday Sales
Lululemon Athletica, opens new tab increased its full-year revenue and profit forecasts on Thursday, betting on resilient demand for its athletic wear in the US during the holiday shopping season, sending its shares up about 5 percent in extended trading.