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THE WHAT? JD.com has announced a leadership change, with Lei Xu being appointed as President of JD.com, Lijun Xin as CEO of JD Retail, and Enlin Jin as CEO of JD Health International, effective immediately.  THE DETAILS Following the reshuffle, Richard Liu, Chairman and CEO of JD.com, will spend more time formulating the company’s long-term strategies, mentoring …

THE WHAT? Rihanna has dropped the legal case against her father, in which he was accused of attempting to profit from the Fenty trademark the pop star uses for her cosmetics line, Fenty Beauty.  THE DETAILS The case, which was filed in 2019, reported that Ronald Fenty was mis-using her name in order to benefit his own …

THE WHAT? Coty has announced a proposed secondary offering of Class A common stock, sold by KKR Rainbow Aggregator.  THE DETAILS Some 50,000,00 shares will be sold in the offering, with Morgan Stanley acting as the underwriter.  According to a statement, Coty will not sell any Class A common stock and will not receive proceeds from the …

THE WHAT? Japanese cosmetics player DHC Corp is set to exit the South Korean market following a row over race discrimination. THE DETAILS A statement on DHC Corp’s South Korean website branch stated that it is to close its business in the country as well as cease online sales by the middle of September.  THE WHY? The news …

THE WHAT? Indian Actress Deepika Padukone has announced she is set to launch a new lifestyle brand, which will be based in India.  THE DETAILS Expected to roll out in 2022, the first category will focus on beauty and skincare and is said to be backed by science.  Padukone has developed a worldwide presence as an Actor, …