Amazon.com Inc plans mass layoffs at its money-losing parenting products subsidiary Quidsi as part of a business restructuring, the company said in a document filed with the state of New Jersey on Wednesday.
L Catterton, the world’s largest consumer-focused private equity firm, has invested an undisclosed amount into Tula, a results-driven skincare brand co-founded by Ken Landis, a co-founder of Bobbi Brown Cosmetics.
Puig, Spain’s largest luxury multi-brand group, has radically overhauled its fashion division and named José Manuel Albesa to oversee its four fashion houses, as it announces a slew of new appointments.
It was a mixed week for John Lewis in the period to March 25. Total sales fell 4.1% to £81.72m, skewed by the late Easter. But Mother's Day boosted key categories and its new denim lifestyle brand had a strong start.
U.S. healthcare conglomerate Johnson & Johnson became the latest company to suspend all digital advertising on Google's YouTube, over concerns that its ads may have appeared on channels that broadcast offensive videos.
Macy's owned Bluemercury is growing as its parent company stumbles in the retail game. While the department store is closing 68 of its own stores, it plans to open 50 Bluemercury shops within the year.