Oil Prices Soar to Wartime High with US and Iran Stuck in Standoff
Brent oil surged to more than $126 a barrel on Thursday, before paring gains to $121.40 as traders factor in an even longer closure of the Strait of Hormuz.
Bloomberg
Luxury
Gen Z Can’t Get Enough of Teensy ‘Grandma Watches’
Driven by the secondary market and a new generation of female collectors, heritage brands are pivoting to sub-34mm designs to capture a market that values personal style over traditional horological bulk.
Gen Z Can’t Get Enough of Teensy ‘Grandma Watches’
Driven by the secondary market and a new generation of female collectors, heritage brands are pivoting to sub-34mm designs to capture a market that values personal style over traditional horological bulk.
Sports
Opinion: Lululemon’s CEO Choice Is a Missed Chance to Pacify Elliott
It’s difficult to see why the company didn’t select investor Elliott’s preferred candidate, Ralph Lauren Corp.’s Jane Nielsen, writes Andrea Felsted.
Opinion: Lululemon’s CEO Choice Is a Missed Chance to Pacify Elliott
It’s difficult to see why the company didn’t select investor Elliott’s preferred candidate, Ralph Lauren Corp.’s Jane Nielsen, writes Andrea Felsted.
Beauty
Opinion: Are Peptides Just Snake Oil? Don’t Ask the FDA.
US health secretary Robert F. Kennedy Jr.’s push to deregulate peptides purports to make buying the drugs less fraught, but doesn’t give people what they really need: evidence they work and are safe, writes Bloomberg’s Lisa Jarvis.
Opinion: Are Peptides Just Snake Oil? Don’t Ask the FDA.
US health secretary Robert F. Kennedy Jr.’s push to deregulate peptides purports to make buying the drugs less fraught, but doesn’t give people what they really need: evidence they work and are safe, writes Bloomberg’s Lisa Jarvis.
Global Markets
Global Brands See Revival in China as Retail Nationalism Cools
Mid-market global brands like Gap, Zara, and Uniqlo are successfully winning back Chinese consumers who previously favoured domestic labels.
Global Brands See Revival in China as Retail Nationalism Cools
Mid-market global brands like Gap, Zara, and Uniqlo are successfully winning back Chinese consumers who previously favoured domestic labels.
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The News in Brief
Unilever Sales Rise on Strong Demand in India, Brazil
The UK multinational’s sales rose more than expected as consumers in emerging markets snapped up its cleaning products and Dove soap, offsetting lacklustre demand in the US.
LVMH Watch Boss Sees Jean Arnault as Best Candidate for His Role
Jean-Christophe Babin, the head of LVMH’s watch division, said he’s ready for a phased retirement.
China’s Anta Plans Return to India
The Chinese sportswear giant will open 10 stores across the country by early 2027, after previously retreating from the market as relations between China and India deteriorated.
Vinted Valued at €8 Billion in Share Transaction
The secondhand marketplace sold shares in a secondary transaction that raised its valuation as the company continues to grow rapidly.
Adidas Gets Running Lift in London From Two Sub-2-Hour Marathons
As athletes and spectators marvel at, not one, but two men smashing the once-thinkable two-hour barrier in this year’s London Marathon, German sportsgear maker Adidas AG also has reason to celebrate.
Euro Zone Price Spike Seen Surging Higher in Second Month of War
Euro-zone inflation probably jumped in April to the highest in 2 1/2 years as fallout from the Iran war squeezed economies across the currency area.
Saks Settles Fight With Simon Property, Cuts Deal With Creditors
The company also won court approval for a financing package to raise as much as $500 million from investors.