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THE WHAT? Russian search engine, Yandex has branched out into fashion retail, according to a report published by Reuters. THE DETAILS The digital platform recently pulled out of a deal to purchase online clothing retailer, KupiVIP, per Reuters, and has clearly decided to go it alone instead. The online service provider said that it would …

THE WHAT? Chinese shopping festival, Singles Day has raked in record sales once again but the global power and supply chain crises have dampened promotional activity, according to a report published by The Wall Street Journal. THE DETAILS From difficulty securing inventory to inflation, some merchants have had to scale back discounts to maintain margin. …

THE WHAT? The Anti-Defamation League has honored L’Oréal Chairman, Jean-Paul Agon with its Courage Against Hate Award in recognition of his longstanding commitment to advancing diversity, equity and inclusion within the French beauty company. THE DETAILS The award was presented during the virtual Never is Now Summit on Antisemitism and Hate. Agon also delivered the …

THE WHAT? Coty has coined a deal to sell its 4.7 percent stake in Wella to private investment firm KKR, valued at approximately US$215.7 million.  THE DETAILS In exchange, Coty will redeem 56 percent of KKR’s remaining convertible preferred shares in the company, according to Nasdaq.  Upon completion of the deal, Coty’s total shareholding in Wella will …

THE WHAT? Johnson & Johnson has been granted leave to halt some 38,000 talc claims it is fighting currently, a first step in its plan to wind down the company it set up to deal with the numerous talc claims, according to a report published by Bloomberg. THE DETAILS The manufacturer of Aveeno is planning …