Direct-to-consumer footwear brand Rothy’s just recorded its best year on record after the company appointed retail veteran Jenny Ming, one of the co-founders of Old Navy, as its CEO. Ming took the helm of the flats maker from co-founder Stephen Hawthornthwaite in January 2024. Under her direction, the company grew sales 17% to $211 million […]
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023. Brendan McDermid | Reuters Eli Lilly on Tuesday released higher doses of its weight loss drug Zepbound in single-dose vials at as much as half its usual monthly list price to reach more patients without
Indian travelers have long gone to Goa to party – “Goa mein kuchh bhi chalta hai” (anything goes in Goa). It’s got beaches and nightlife, affordable and easily available alcohol, and casinos. Goa’s tourism minister Rohan Khaunte wants a new image. “We need good tourists coming in who are responsible enough,” Khaunte told Skift. “We
Goa’s Tourism Minister Wants a New Image: More Sports and Spirituality, Less ‘Ruckus’ Read More »
ANA Holdings raised eyebrows on Tuesday with a major new aircraft order. The Tokyo-based company, best known for its All Nippon Airways brand, announced deals with not one, but three separate planemakers. At catalog prices, the agreements are worth around $14 billion and span Airbus, Boeing, and Embraer models. The tasty trifecta means at least
5 Models, 3 Manufacturers: Japan’s ANA Buys a Bit of Everything in $14 Billion Deal Read More »
A Home Depot store in Louisville, Kentucky, on Aug. 14, 2023. Jon Cherry | Bloomberg | Getty Images Home Depot will report its fiscal fourth-quarter earnings on Tuesday, as higher interest rates and home prices challenge the housing market and dampen demand for do-it-yourself projects. The company is expected to release results around 6 a.m.
Home Depot will report earnings before the bell. Here's what to expect Read More »
PARIS – Natura &Co. is holding negotiations with IG4 Capital for the potential sale of Avon’s operations outside of Latin America. The Brazilian beauty giant published a securities filing responding to news on the magazine Exame’s website. On Dec. 4, 2024, Natura &Co. said it had resumed studies of strategic alternatives for Avon outside of Latin
Natura &Co. Is in Talks with IG4 Capital for Possible Sale of Avon Outside Latin America Read More »
Good morning from Skift. It’s Tuesday, February 25. Here’s what you need to know about the business of travel today. Substantial improvements in artificial intelligence on cell phones could result in more consumers turning away from third-party travel apps. That shift could pose problems for travel companies, writes Travel Technology Reporter Justin Dawes. Laurence Tosi,
AI’s Risk to Travel, TUI's Local Product and Qatar Airways' AI Agent Read More »
LONDON – After less than two years on the job, Hein Schumacher is out as chief executive officer of Unilever, and will be replaced by Fernando Fernandez, currently Unilever’s chief financial officer and executive director. Unilever said Schumacher was stepping down as CEO and as a board director on March 1, “by mutual agreement,” and
Hein Schumacher Is Out as CEO of Unilever Read More »
If there was any doubt as to whether The Estée Lauder Cos.’ gradual Amazon pivot was paying off, consider that within less than a year of becoming the first Lauder brand to sell on Amazon, Clinique has the platform’s single most-purchased lip product. Data from Market Defense shows that Clinique’s Almost Lipstick in shade Black
Clinique, Sacheu Among Top 10 Lip Products Purchased on Amazon Read More »
The ever-growing U.S. sun care category is soon to have a new international player. Australia-based SPF brand Ultra Violette will launch direct-to-consumer and in 592 Sephora U.S. stores this March, marking the brand’s 30th international market since its founding in 2018. The brand, which has gained global buzz in recent years thanks to increased consumer
