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Estée Lauder Restructuring Costs Hit US$1.14 Billion as Workforce Cuts Accelerate
THE WHAT? Estée Lauder’s restructuring charges have reached US$1.14 billion as the company reduces headcount and consolidates operations. THE DETAILS In a new SEC filing, the group confirmed an additional US$285 million in charges since late October tied to streamlining efforts, including service-provider consolidation and standardised business processes. The multiyear programme follows earlier plans…
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Costco Joins Legal Push for Tariff Refund Eligibility as Supreme Court Reviews Trump Trade Policy
THE WHAT? Costco has filed a lawsuit to secure eligibility for tariff refunds should the US Supreme Court overturn President Trump’s global tariff strategy, becoming one of the largest retailers to challenge the administration’s use of emergency economic powers. THE DETAILS The complaint, filed on 28 November in the US Court of International Trade,…
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Shopify Outage Hits Merchants on Cyber Monday
THE WHAT? Shopify suffered a several-hour outage on Cyber Monday, affecting key back-end tools for merchants during one of the busiest online shopping days of the year. THE DETAILS Between roughly 9 a.m. and 2:30 p.m. ET, thousands of merchants temporarily lost access to Shopify’s admin functions—including inventory tracking, POS systems and order management—though…
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Amazon Tests 30-Minute Delivery in Seattle and Philadelphia
THE WHAT? Amazon has launched a pilot offering 30-minute delivery for essentials—including beauty and personal care items—in select areas of Seattle and Philadelphia. THE DETAILS The new Amazon Now service provides rapid fulfilment of thousands of items such as cosmetics, OTC products and daily essentials through small, localised facilities positioned close to customers. Prime…
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P&G Secures Three-Year Official Partnership with Tour de France
Procter & Gamble has been named Official Partner of the Tour de France and Tour de France Femmes avec Zwift for the next three editions. The post P&G Secures Three-Year Official Partnership with Tour de France appeared first on Global Cosmetics News.
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Jane Lauder Sells US$1.68m in Estée Lauder Stock
Jane Lauder has sold a block of Estée Lauder shares amid continued insider activity at the company. The post Jane Lauder Sells US$1.68m in Estée Lauder Stock appeared first on Global Cosmetics News.
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Jane Lauder Sells US$1.68m in Estée Lauder Stock
Jane Lauder has sold a block of Estée Lauder shares amid continued insider activity at the company. The post Jane Lauder Sells US$1.68m in Estée Lauder Stock appeared first on Global Cosmetics News.
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P&G Secures Three-Year Official Partnership with Tour de France
Procter & Gamble has been named Official Partner of the Tour de France and Tour de France Femmes avec Zwift for the next three editions. The post P&G Secures Three-Year Official Partnership with Tour de France appeared first on Global Cosmetics News.