The News In Brief

Off-price retailers, which frequently source inventory from middlemen in the US, could stand to gain from tariffs on goods made in China.

US-listed shares still rose 13 percent after the parka maker reported strong quarterly sales.

An American investor is challenging the Hayek family’s leadership, attempting to gain a board seat at Swatch Group amid declining performance.

The British cosmetics maker announced on Wednesday that it has launched a sale process following an unsolicited bid for its business from an unnamed buyer.

Droin was most recently a partner at Eurazeo, where he led investments in Gisou, Axel Arrigato and Ex Nihilo.

Shares of the athletic apparel and equipment maker hit an all-time high on Tuesday.

The eyewear maker will also receive an investment from the tech giant of up to $150 million as part of the collaboration, which is set to debut after 2025.

The brand, best known for its cult-favourite Peptide Lip Treatments and Glazing Milk toner, will arrive in Sephora stores across the US and Canada this autumn. A UK launch is expected in late 2025.

After BBRC significantly increased its shares, the undergarments, sleepwear and beauty brand introduced a new shareholders rights plan with the goal of preventing a hostile takeover.

The denim retailers said its priority now is to focus on its core label.

The cuts are the latest in an ongoing move to reset priorities and management seeks to execute on a turnaround strategy.

The former Nike chief strategy and transformation officer will assume the new role effective immediately.