-
EU Raids Temu Over Suspected Breach of Foreign Subsidies Rules
THE WHAT? The European Commission has carried out unannounced inspections at Temu as part of an investigation into potential violations of the EU Foreign Subsidies Regulation. THE DETAILS The raid took place at one of Temu’s Irish premises, targeting possible foreign state support that could distort competition in the EU market. Temu, owned by…
-
Amazon to Invest Over US$35 Billion in India to Accelerate AI, Exports and Infrastructure Expansion
THE WHAT? Amazon has outlined plans to invest more than US$35 billion in India by 2030, focusing on AI development, export growth and expanded operational infrastructure as competition intensifies in one of the world’s fastest-growing digital markets. THE DETAILS The investment builds on Amazon’s existing US$40 billion commitment to India since 2010 and follows…
-
Sephora sets up Belgian subsidiary as LVMH readies entry into competitive prestige retail market
THE WHAT? Sephora has formally established a Belgian subsidiary in Brussels, marking LVMH’s move to enter Belgium’s prestige beauty retail sector. THE DETAILS The newly created entity, Sephora Belgium, is registered on Avenue Louise—one of the country’s most commercially strategic locations—signalling a serious market entry strategy. The board includes senior Sephora leaders, including Managing…
-
Charlotte Tilbury debuts at Dubai Duty Free
THE WHAT? Charlotte Tilbury has opened dedicated counters in Concourses C and D at Dubai International Airport, marking its official launch within Dubai Duty Free and expanding its travel retail footprint. THE DETAILS The counters introduce the brand’s core skincare, makeup and fragrance assortment to one of the world’s highest-traffic beauty locations, supported by…
-
P&G Flags Sharp U.S. Category Declines as Consumer Weakness Weighs on Q2 Outlook
THE WHAT? Procter & Gamble has cautioned that U.S. sales across key categories it competes in fell significantly in October and are expected to show similar declines for November, signalling pressure on consumer spending ahead of the holiday period. THE DETAILS Speaking at a Morgan Stanley conference, P&G CFO Andre Schulten reported that category…
-
Ulta Beauty Reports Q3 FY2025 Results; Raises Full-Year Outlook
THE WHAT? Ulta Beauty reported third quarter fiscal 2025 results showing growth in net sales, comparable sales, and gross profit, while reaffirming expansion plans and increasing full-year guidance. THE DETAILS Net sales rose 12.9% to US$2.9 billion, driven by stronger comparable sales, the Space NK acquisition, and new store growth. Comparable sales increased 6.3%,…
-
Unrivaled Miami Rebrands to Sephora Arena Under Expanded Deal
THE WHAT? Unrivaled has expanded its partnership with Sephora U.S., granting the beauty retailer naming rights to the league’s Miami home base, now officially titled Sephora Arena. THE DETAILS The naming agreement follows the first year of collaboration between the two companies, during which Sephora integrated multiple touchpoints into Unrivaled’s operations, including the Sephora…
-
Hong Kong Retail Sales Post Sixth Consecutive Month of Growth as October Hits New High
THE WHAT? Hong Kong’s retail sector recorded its sixth straight month of year-on-year growth in October, rising 6.9% to HK$35.2 billion (US$4.5 billion), the strongest monthly increase in half a year. THE DETAILS According to the Census and Statistics Department, October delivered the strongest monthly retail performance in half a year, supported by firmer…
-
Macy’s Lifts 2025 Outlook as Q3 Beats Expectations; Bluemercury Maintains Growth Streak
THE WHAT? Macy’s, Inc. delivered stronger-than-expected Q3 2025 results, reporting its highest comparable sales growth in 13 quarters and lifting full-year guidance — including updated Core Adjusted EBITDA expectations of 7.5% to 7.7%, correcting the prior figure of 7.5% to 7.8%. THE DETAILS Macy’s, Inc. posted Q3 net sales of US$4.7 billion, surpassing internal…