The News In Brief
Beauty
Rabanne Owner Puig Rises in Spanish Debut After €2.6 Billion IPO
Spanish beauty and fragrance group Puig Brands SA shares rose after the company and its founding family raised €2.6 billion ($2.8 billion) in an initial public offering, in Europe’s biggest listing so far this year.
Retail
Dao-Yi Chow Appointed Creative Director of New Era
The former Public School and DKNY designer will launch the cap brand’s first apparel line.
Retail
Buyout Firm Sycamore Vies to Take Nordstrom Private, Sources Say
Nordstrom shares rose 6 percent on the news, giving the company a market value of about $3.3 billion.
Beauty
Olaplex Sales Continued Slide in First Quarter
A double-digit decline was attributed to the brand’s distribution changes.
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