The News In Brief

Per The Wall Street Journal, the hedge fund has taken a stake in the ailing consumer products firm, which has seen its stock price slide more than 18 percent since going public last year.

Reome, a UK-based skincare brand founded by a former beauty editor, closed a first round of fundraising led by Rianta Capital.

The Italian skiwear specialist showcased its latest round of celebrity and designer collaborations in a series of pavilions in Shanghai on Saturday as it aims to shrug off luxury sector malaise.

UK retail sales unexpectedly rose 0.3 percent in September, driven by strong demand for consumer technology, providing a much-needed boost for the government ahead of its upcoming budget amid concerns over rising taxes and consumer confidence.

CVS Health has appointed David Joyner as its new CEO, replacing Karen Lynch amid ongoing financial struggles and shareholder unrest, as the company faces rising medical costs and missed earnings targets.

The company reported a second consecutive quarter of slow sales growth, with organic sales rising just 2 percent amid minimal price increases and notable weakness in key categories like beauty and baby care, particularly affected by challenges in China and the Middle East.

Sims’ prestige skincare brand, aimed at Gen-X women, has received investment from early-stage private equity firm Willow Growth Partners.

Boohoo Group Plc Chief Executive Officer John Lyttle is stepping down as the struggling online retailer begins a strategic review that could potentially lead to a breakup of the company.

As global demand for luxury goods slows, the Italian group keeps growing, helped by its focus on higher-end consumers and by a more limited exposure to China compared to its rivals.

Small Girls will join Orchestra’s stable of agencies, which includes Derris, M18 and Inkhouse.

Weak sunglass sales in North America also weighed on the company’s performance, though it said its Ray-Ban Meta smart glasses were one of its strongest sales drivers in the region.

The doctor-founded skincare line, known for its pricey serums and creams, has been acquired by the Chinese owner of Evidens de Beauté for an undisclosed sum.