Amazon.com Inc plans mass layoffs at its money-losing parenting products subsidiary Quidsi as part of a business restructuring, the company said in a document filed with the state of New Jersey on Wednesday.
L Catterton, the world’s largest consumer-focused private equity firm, has invested an undisclosed amount into Tula, a results-driven skincare brand co-founded by Ken Landis, a co-founder of Bobbi Brown Cosmetics.
Puig, Spain’s largest luxury multi-brand group, has radically overhauled its fashion division and named José Manuel Albesa to oversee its four fashion houses, as it announces a slew of new appointments.
It was a mixed week for John Lewis in the period to March 25. Total sales fell 4.1% to £81.72m, skewed by the late Easter. But Mother's Day boosted key categories and its new denim lifestyle brand had a strong start.