Author: Bloomberg
The Italian company has been squeezed by an ongoing slowdown in the luxury goods sector, compounded recently by uncertainties from the war in Iran.
The problem for consumer-facing companies — and their suppliers — is that higher prices risk landing on already stretched consumer budgets.
The German firm has entered a definitive agreement to buy Olaplex, the hair-care brand that developed a cult following for its shampoos and other treatments.
The trial was seen as a critical test of the novel legal arguments behind a flood of cases filed over the last three years against Meta, Google, Snap Inc. and TikTok Inc. alleging that the designs of the platforms, not their content, are causing young people harm.
The company posted a 12 percent gain in sales to $18 billion during the December quarter, in line with expectations.
The Swiss sportswear brand’s co-founders, Caspar Coppetti and David Allemann, will take over as co-chief executives in May as On looks to maintain its fast growth.
The new Meta Ray-Ban glasses have been withheld from the EU due to issues such as supply constraints and EU regulations on removable batteries.
The online retailer reported a 50 percent increase in underlying profits, despite ongoing turnaround challenges and competition from rivals like Shein.
The risks of Lauder executing a merger with Puig while still in the midst of its own turnaround outweigh the benefits, analysts told Bloomberg.
The UK supplement maker’s shares slumped the most since its 2024 IPO after warning of disruption from the conflict in the Middle East, its CEO told Bloomberg.