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Rolex was fined about $100 million by France’s antitrust agency for pursuing an illegal decade-long crackdown on distributors selling the Swiss firm’s luxury watches online.
Primark
Company Snapshot
We're Primark. We're here to create maximum joy at minimum cost. We make looking good and feeling good cost less – less money and less impact on the planet. It’s about giving customers, in store and online, maximum fun, buzz, and surprise.
The News in Brief
The last of now-bankrupt Amyris’ consumer brands have new owners.
The Fédération de la Haute Couture et de la Mode, Paris Fashion Week’s organising body, released provisional calendars for January’s menswear and haute couture weeks.
The package focuses on a Russian-origin diamond import ban as well as imposing additional import and export bans on Russia, combating sanctions circumvention and closing loopholes.
Sotheby’s Media will incorporate digital, audio and video content, as well as a signature event for the magazine which will take place in the fall of 2024.
The Fashion Trust Arabia, a fashion fund dedicated to spotlighting Middle Eastern talent, announced seven winners of its prize on Monday.
Consumer goods giant Unilever on Monday said it would sell Elida Beauty, its non-core beauty and personal care division, to US private equity firm Yellow Wood Partners.
Beauty entrepreneur Zoe Foster Blake has regained control of Go-To, the skin care line she co-founded. A majority share of the company was sold to Melbourne-based beauty manufacturer BWX Limited in August 2021 for 89 million Australian dollars ($60 million).