Qatar Investment Authority Eyes 10% Stake in Golden Goose
Qatar’s sovereign wealth fund is preparing to buy a stake in Italian sneaker maker Golden Goose, Corriere della Sera reported Saturday.
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Financial Markets
Facebook Bets on Indian Start-Up in $125 Million Funding Round
The social network giant is the latest to join investments into Indian e-commerce marketplace Meesho, which connects apparel resellers to social media platforms including WhatsApp.
Facebook Bets on Indian Start-Up in $125 Million Funding Round
The social network giant is the latest to join investments into Indian e-commerce marketplace Meesho, which connects apparel resellers to social media platforms including WhatsApp.
Media
Shares Fall After Facebook Changes News Feed to Deprioritise Publishers
Facebook said its new ranking system would hurt non-advertising content from publishers and brands, like news stories and viral video posts, but not change the ranking of advertising that has been paid for.
Shares Fall After Facebook Changes News Feed to Deprioritise Publishers
Facebook said its new ranking system would hurt non-advertising content from publishers and brands, like news stories and viral video posts, but not change the ranking of advertising that has been paid for.
News & Analysis
Instagram Introduces Shoppable Product Tags
The social media app has introduced shoppable tags that allow brands to tag the products in their photos, the way users can tag their friends.
Instagram Introduces Shoppable Product Tags
The social media app has introduced shoppable tags that allow brands to tag the products in their photos, the way users can tag their friends.
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The News in Brief
Retailers Push UK to Join US and EU Ending Shein Parcel Loophole
British retailers are pushing the UK government to end a tax loophole that has helped online giants Shein and Temu make significant inroads and gain market share.
Exclusive: Deciem to Relaunch The Chemistry Brand
The Estée Lauder-owned beauty company and The Ordinary parent will relaunch one of its original brands as it moves to rekindle its reputation for incubation.
De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.