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The News in Brief

Shiseido Europe, S.A., a subsidiary of Japanese beauty conglomerate Shiseido Company Limited, will acquire the London-based microbiome skin care brand. Financial terms of the deal were not disclosed.

British online fashion retailer Boohoo on Wednesday warned on full year sales and profit, blaming the worsening macro-economic and consumer backdrop as it reported a 58 percent fall in first-half core earnings.

Overseas demand for goods from China is weakening as the global economy slows, warned a senior Chinese commerce ministry official, though the country still expects foreign trade to grow in the second half of this year.

The luxury label is partnering with tech-and-logistics platform Reflaunt to help customers sell on their old Balenciaga clothing and accessories.

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