The News in Brief

LVMH Deepens Partnership with Alibaba

The world’s largest luxury group is aiming to boost its digital presence in China, where demand has been hit by a property crisis and high youth unemployment.

Hims Debuts $199 Weight-Loss Shots at 85% Discount to Wegovy

This will help customers access these drugs without “navigating the shortages and costs that are currently limiting access to the branded medications,” Hims said in a press release. The company’s stock shot up as much as 38 percent on Monday, the biggest intraday move in more than three years.

Mara Hoffman to Shutter Brand

“This has been by far one of the hardest and most important decisions I have ever made,” the sustainability-focused designer said in an Instagram post.

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