Author: Marc Bain, Cathaleen Chen

TWIF: The Future of Pat McGrath; Loewe’s Refresh & MoreWho’s up and down in the business of fashion, luxury and beauty this week.1. Puig, the owner of Charlotte Tilbury and Rabanne perfume, sales rose 8 percent to about $6 billion and profits surged 12 percent last year, driven by strong demand for makeup and skincare even as its perfume segment moderated. 2. Maison Margiela remains a bright spot for owner OTB group, whose overall sales dipped 5 percent last year while Margiela jumped 8.4 percent, fuelled by John Galliano’s couture halo and current creative director Glenn Martens’ marketing momentum.3. Jack…

The US Supreme Court overturned president Donald Trump’s so-called Liberation Day tariffs on Friday, striking down the sweeping duties that had cost businesses billions in fees and opening the door to a flood of potential petitions for refunds on levies already paid.In a decision that had been anxiously awaited for months, the court ruled six to three that Trump did not have authority to levy tariffs using the International Emergency Economic Powers Act — a 1977 statute meant for emergencies, not routine trade policy. While lower courts had found that Trump exceeded his authority in his use of the act,…