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.

The rebound in retail sales reported by the Commerce Department on Thursday underscored consumers’ resilience, thanks to a strong labour market.

Large companies in the European Union will have to identify and take remedial action if they find their supply chains employing child labour or damaging the environment, the bloc’s lawmakers and council of member states agreed on Thursday.

PDD Holdings’ international facing discount e-commerce platform, Temu, filed a lawsuit in a US District of Columbia court on Wednesday alleging rival Shein employed “Mafia-style intimidation” to coerce suppliers that also worked with Temu.

Etsy will lay off 225 people, about 11 percent of total staff, and will incur financial charges of between $25 million and $30 million for severance payments, employee benefits and related costs.

Discounts from high-end fashion retailers raised concern that a lacklustre Christmas could lead to inventory gluts – potentially dragging labels into a discounting spiral that would cheapen their image.

The world’s biggest fashion retailer said its net profit rose to €4.1 billion ($4.42 billion) in line with analysts.

Zara said on Tuesday it regretted the “misunderstanding” over an advertising campaign featuring mannequins with missing limbs and statues wrapped in white that triggered calls for a boycott by some pro-Palestinian activists.