The News In Brief
Phlur to Launch in Australia and the Middle East
The fragrance brand, recently acquired by TSG Consumer Partners, will roll out its range of perfumes, mists and body care in Australia’s Mecca from Aug. 26 and in Sephora Middle East from Sept. 15.
Fast-Fashion Retailer Shein’s UK Sales Surged to $2.8 Billion in 2024
The global retailer’s UK business reported a pretax profit of £38.25 million ($51.8 million) in 2024, up 56.6 percent from 2023.
Used Rolexes, Pateks Are Bright Spot in Struggling Watch World
The Bloomberg Subdial Watch Index, which tracks the 50 most-traded timepieces by transaction value, gained 5.3 percent in the first half of 2025 — and extended that recovery in the third quarter.
Procter & Gamble Announces New Beauty CEO
Freddy Bharucha will accede to the role on Dec. 1, replacing P&G veteran R. Alex Keith, who will retire in February 2026.
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Gildan to Buy Underwear Maker Hanesbrands for $2.2 Billion
Analysts expect Montreal-based Gildan’s annual revenue to rise about 5 percent to $3.4 billion this year.
S&P Downgrades Anastasia Beverly Hills After Missed Payment
The Los Angeles-based beauty brand’s credit rating has been lowered to ‘D’ by the agency.
Nykaa Revenue Surges, Profit Doubles in First Quarter
FSN E-Commerce Ventures, parent company of India's largest beauty retailer, said its revenues lifted by 24 percent on demand for newly added brands like Chanel and Supergoop.
Shopee-Owner Sea Sales Top Estimates as Online Shoppers Keep Spending
The results assuage some concerns about the prospects of the Singapore-based company’s e-commerce arm.