Celine Adds To Fragrance Line-Up
The new scent, Zouzou, is the fashion house’s first new perfume since 2022.
Adrian Chi-Kong Cheng
China’s Streetwear Empire Yoho! Raises $25 Million
C Ventures founders Adrian Cheng and Clive Ng led a Series E+ investment round in one of China’s most influential streetwear platforms.
Adrian Cheng Plans China Rollout for Flont, Moda Operandi
Flont's latest $12 million fundraising round, led by the entrepreneur, will fuel its expansion to more than 50 locations in China. Meanwhile, the Chinese debut for Moda, Bandier and Beautycon are also in the works.
Company Snapshot
The young executive and former banker is transforming his family's vast retail ventures such as Chow Tai Fook and K11 commercial complexes.
The News in Brief
Unilever Sales Rise More Than Expected, Led by Beauty
Unilever Plc sales jumped more than expected in the first quarter as Chief Executive Officer Hein Schumacher pushes ahead with his turnaround plan and shoppers come back to premium brands.
Brands Owed Millions After Matchesfashion Collapse
The administrators said the retailer’s 541 known unsecured creditors are owed at least £35.6 ($44.2 million) but are unlikely to collectively receive more than £800,000 ($996,000), or “less than a penny in the pound.”
Biden Signs Possible TikTok Ban Into Law; ByteDance Vows Legal Challenge
President Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok’s US assets or face a ban.
Google Postpones Phasing Out of Ad Cookies in Chrome Browser
The Alphabet Inc. company said in a blog post Tuesday that it’s still working with the ad industry and regulators on the plan.
Sales at Italy’s Moncler Up 16% in First Quarter Boosted by China
Overall revenues for the three months through March totalled 818 million euros ($874 million), above a company-provided analyst consensus of 786 million euros.
PZ Cussons to Sell St Tropez, May Exit Africa
Embattled by weak demand and currency issues in Nigeria, the company is looking to slim down in order to return to growth.
EU Parliament Approves New Business Supply Chain Audit Law
EU lawmakers backed the Corporate Sustainability Due Diligence Directive by 374 votes to 235 against, with 19 abstentions.