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.
Raphael le Masne de Chermont
Company Snapshot
One of Richemont’s former executives, he grew China’s first luxury lifestyle brand Shanghai Tang before turning his expertise to equestrian leather goods.
The News in Brief
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.
Italy Fines Amazon 10 Million Euros for Alleged Unfair Commercial Practices
Amazon “significantly restricted consumers’ freedom of choice” by automatically pre-setting a ‘Subscribe and Save’ option, the regulators said.
Chilean Retailer Falabella Aims to Close Several Major Asset Sales This Year
The closure is part of the company's plan to raise $850 million to $1 billion and help improve its credit metrics, said chief executive officer Alejandro González.
Chinese Tourists Are Again Embracing International Travel
The return of China’s travellers has long been awaited in the travel industry, which is expected to surpass pre-pandemic levels this year by contributing $11.1 trillion to the global economy.
Playground Closes $2 Million in Funding Round
The intimate wellness brand completed its first institutional raise after seeing 700 percent revenue growth and is launching in Target.
Galderma Sales Top $1 Billion, Led by Injectables
The public company reported strong sales, as demand for its dermatological skincare and injectable products surged.
EU Parliament Approves Ban of Products Made With Forced Labour
The European Parliament approved rules on Tuesday to ban in the EU the sale, import and export of goods made using forced labour.