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The News In Brief

Marketing

TikTok Star Khaby Lame Signs $975 Million Deal to Monetise Global Fan Base

Lame is partnering with Rich Sparkle Holdings Ltd. to turn his 360 million social-media followers into a commercial venture.

Marketing

TikTok Star Khaby Lame Signs $975 Million Deal to Monetise Global Fan Base

Lame is partnering with Rich Sparkle Holdings Ltd. to turn his 360 million social-media followers into a commercial venture.


Retail

Shein Could Face EU Investigation but No Interim Measure, Commission Official Says

The ultra-fast-fashion giant is unlikely to face an order to suspend its website.

Retail

Shein Could Face EU Investigation but No Interim Measure, Commission Official Says

The ultra-fast-fashion giant is unlikely to face an order to suspend its website.


Technology

Phia Raises $35 Million Series A

The round values the Phoebe Gates-co-founded price-comparison platform at $185 million.

Technology

Phia Raises $35 Million Series A

The round values the Phoebe Gates-co-founded price-comparison platform at $185 million.


Global Markets

India and European Union Sign Free Trade Agreement

The deal is expected to ease market access for key European products, including cars and wine, in return for easier Indian exports of textiles, gems and pharmaceuticals.

Global Markets

India and European Union Sign Free Trade Agreement

The deal is expected to ease market access for key European products, including cars and wine, in return for easier Indian exports of textiles, gems and pharmaceuticals.


Sports

Anta Sports to Buy 29% Stake in Puma for $1.8 Billion

The Pinault family agreed to sell its 29 percent stake in Puma to China’s Anta, paring back its holdings beyond luxury as it focuses on a turnaround at Gucci.

Sports

Anta Sports to Buy 29% Stake in Puma for $1.8 Billion

The Pinault family agreed to sell its 29 percent stake in Puma to China’s Anta, paring back its holdings beyond luxury as it focuses on a turnaround at Gucci.


Sports

Tracksmith Founder Passes CEO Baton to Converse Veteran

Matt Taylor, founder of the collegiate-inspired running brand will be succeeded by Jared Carver, Converse’s former CEO and president.

Sports

Tracksmith Founder Passes CEO Baton to Converse Veteran

Matt Taylor, founder of the collegiate-inspired running brand will be succeeded by Jared Carver, Converse’s former CEO and president.


Sports

Nike Slashes 775 Jobs in US to Speed Up Automation, Boost Profit

The cuts will primarily impact distribution centre roles in Tennessee and Mississippi, where the sneaker giant operates large warehouses, Reuters reported.

Sports

Nike Slashes 775 Jobs in US to Speed Up Automation, Boost Profit

The cuts will primarily impact distribution centre roles in Tennessee and Mississippi, where the sneaker giant operates large warehouses, Reuters reported.


Beauty

Byoma Names Tara Loftis Global President and Chief Brand Officer

Loftis joins the UK skincare brand from Galderma, where she served as global brand president for the company’s dermatological portfolio.

Beauty

Byoma Names Tara Loftis Global President and Chief Brand Officer

Loftis joins the UK skincare brand from Galderma, where she served as global brand president for the company’s dermatological portfolio.


Beauty

Pat McGrath Labs Files for Bankruptcy

The embattled cosmetics label has filed for Chapter 11 bankruptcy, according to filings, and cancelled its asset sale scheduled for Tuesday.

Beauty

Pat McGrath Labs Files for Bankruptcy

The embattled cosmetics label has filed for Chapter 11 bankruptcy, according to filings, and cancelled its asset sale scheduled for Tuesday.


Creative Class

Stars of Fashion and Film Bid Farewell to Haute Couture ‘Emperor’ Valentino

The biggest names in fashion — including Donatella Versace, Tom Ford and Maria Grazia Chiuri — gathered on Friday in the Basilica of Santa Maria degli Angeli.

Creative Class

Stars of Fashion and Film Bid Farewell to Haute Couture ‘Emperor’ Valentino

The biggest names in fashion — including Donatella Versace, Tom Ford and Maria Grazia Chiuri — gathered on Friday in the Basilica of Santa Maria degli Angeli.


Retail

Saks Off 5th Digital to Liquidate Inventory While in Bankruptcy

The e-commerce unit is being run by independent managers and the sale of its assets does not include any merchandise of Saks Global’s brick and mortar stores.

Retail

Saks Off 5th Digital to Liquidate Inventory While in Bankruptcy

The e-commerce unit is being run by independent managers and the sale of its assets does not include any merchandise of Saks Global’s brick and mortar stores.


Technology

TikTok Seals Deal to Operate in the US After Years of Drama

The long-awaited deal to transfer parts of TikTok’s US operations to American investors secures the app’s future and avoids a nationwide ban.

Technology

TikTok Seals Deal to Operate in the US After Years of Drama

The long-awaited deal to transfer parts of TikTok’s US operations to American investors secures the app’s future and avoids a nationwide ban.