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After a difficult year, Schwan Cosmetics aims to return to growth in 2026
Following a slight decline in sales in the 2024–2025 fiscal year, which ended on June 30, 2025, the German group’s cosmetics division is positioning itself for renewed growth. Schwan Cosmetics is prioritizing faster development cycles and more region-specific product offerings to drive performance. In a global cosmetics market that expanded by approximately 5%, Schwan…
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Après une année difficile, Schwan Cosmetics veut renouer avec la croissance
Après un exercice 2024-2025, clos le 30 juin 2025, marqué par un léger recul de ses ventes, la division cosmétiques du groupe allemand vise un retour à la croissance cette année. Schwan Cosmetics mise sur l’accélération de ses temps de développements et des produits plus adaptés aux besoins de chaque région. Dans un marché…
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Saks Global CEO Marc Metrick steps down amid bankruptcy concerns
THE WHAT? Saks Global has announced that CEO Marc Metrick has stepped down from his role, with Executive Chairman Richard Baker appointed as his successor, as the luxury retailer faces mounting speculation around a potential bankruptcy. THE DETAILS The leadership change follows reports that Saks Global, the parent company of Saks Fifth Avenue and…
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Pola Orbis completes liquidation of Orbis Beijing subsidiary
THE WHAT? Pola Orbis Holdings has completed the liquidation of its consolidated Chinese subsidiary, Orbis Beijing Inc., a Beijing-based cosmetics sales company in which the group held a majority stake. THE DETAILS The liquidation process was formally finalised on December 18, 2025, marking the conclusion of Pola Orbis’ withdrawal from the entity. The company…
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Nestlé reiterates L’Oréal stake as purely financial investment
THE WHAT? Nestlé has reaffirmed that its stake in L’Oréal is held purely as a financial investment, with no change to its position or strategy regarding the shares. THE DETAILS Speaking to Swiss newspaper Finanz und Wirtschaft, Nestlé CEO Philipp Navratil said the company regularly reviews its holding in L’Oréal at board level but…
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Minnesota jury awards US$65.5 million verdict against Johnson & Johnson in talc asbestos case
THE WHAT? A Minnesota jury has awarded US$65.5 million in damages against Johnson & Johnson after finding that the company’s talc-based consumer products exposed a plaintiff to asbestos and contributed to her developing mesothelioma. THE DETAILS The verdict follows a 13-day trial in Ramsey County District Court, where jurors heard evidence that Johnson &…
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Démission du CEO de Saks, Marc Metrick, sur fond de rumeurs de faillite
Saks Global a annoncé vendredi 2 janvier 2026 la démission de son CEO, Marc Metrick, après près de trente ans au sein du groupe. Alors que des informations circulent selon lesquelles le détaillant de luxe préparerait une déclaration de faillite, l’entreprise a choisi le Président Exécutif Richard Baker pour lui succéder. « Cette transition…
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Saks CEO Marc Metrick steps down amid reports of possible bankruptcy
Saks Global said Friday, January 2, 2026, that CEO Marc Metrick has stepped down, after nearly three decades with Saks. As reports circulate that the luxury retailer may be preparing for bankruptcy, the company named Executive Chairman Richard Baker as his successor. “This transition reflects Mr. Metrick’s desire to pursue new opportunities,” said the…
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Molly Sims Swears Her New Product Fakes the Look of 8 Hours of Sleep—and We’re Listening
A targeted fix for tired under-eyes.
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