Estee Lauder Cos Inc cut its full-year profit forecast on Tuesday as fresh COVID-19 curbs in China and the suspension of operations in Russia following the invasion of Ukraine dent the cosmetics maker's sales.
Speculation around Missguided’s future is building and a number of big-name retailers and private equity giants are understood to be circling the troubled firm with some expected to made bids this month.
The brand, owned by influencer Jeanne Damas, is upgrading its beauty line. Its renewed identity includes a new name and logo independent of its main ready-to-wear line and will launch its first palette on May 8.
Alibaba shares fell as much as 9% on Tuesday after a state media report that Chinese authorities had taken action against an individual surnamed Ma, but recouped losses after those reports were revised.
Founded in 2018 by Camille Le Gal and Laure Betsch, the Paris-based startup specialized in traceability is making great strides this year and is aiming to raise three million euros in funding this summer.