Schumer Says US Senate Can Make Progress on TikTok Bill
The fate of TikTok has become a major issue in Washington where lawmakers have been flooded with calls from users who oppose the legislation.
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The News in Brief
The Body Shop Owed More Than £276 Million to Creditors at Time of Collapse
Avon, the cosmetics group owned by The Body Shop’s former parent company Natura owed just over £13 million.
Luxury Group Zegna Posts 19.3% Jump in FY Organic Sales
The family-owned fashion group saw a 24 percent increase in Greater China revenue during the period.
EU Antitrust Regulators Scrap Probe Into Fashion Designers
The Commission may open a new investigation into the same conduct, should new evidence emerge that would warrant further investigation, an EU Commission spokesperson said.
Tom Ford Beauty Appoints Global General Manager
Brand veteran Dexter King has been promoted to the newly created role, effective April 1.
Mango’s Victoria Beckham Collection to Launch This Month
The Spanish retailer described the new line, due to launch on Apr. 23, as “a perfect blend of classic British luxury.”
Kering Splashes Out €1.3 Billion for Building on Milan’s Iconic Shopping Street
The French luxury group said Thursday that it’s buying Via Monte Napoleone 8 from a unit of Blackstone Property Partners Europe.
Levi Strauss Lifts Profit Forecast on Cost Savings, Less Discounts
Sales of Levi’s clothing directly to consumers on its website and at the network of stores owned by the company rose 8 percent on a constant-currency basis.