Ten thousand rolls of tobacco, 12 bottles of Sake, and a handful of second-hand Mercedes-Benz cars are among the latest reported breaches by North Korea of a U.N. ban on luxury goods sales to the reclusive state.
Beauty company Coty Inc has picked its lead underwriters for a planned initial public offering this fall, two days after it pulled a $10.7 billion unsolicited offer to buy Avon Products Inc (AVP.N), a person familiar with the matter told Reuters.
Avon Products Inc's loss of a $10.7 billion takeover bid from smaller cosmetics rival Coty Inc leaves shareholders hoping that new Chief Executive Sherilyn McCoy has a great turnaround plan in the works.
Fragrance company Coty Inc withdrew its $10.7 billion takeover bid for Avon Products Inc on Monday evening, saying the world's largest cosmetics direct seller had missed a deadline to start discussing a deal that Coty first proposed in March.
Avon Products Inc shares rose more than 5 percent in premarket trading on Monday, a day after the cosmetics company said it would consider the latest proposal from Coty Inc, raising hopes of a takeover.
Boutiques like Aesop and big multinationals such as L'Oreal, Estee Lauder and Unilever are finding that men, especially Asian men, are increasingly willing to shell out sizeable sums to take care of their skin.
Procter & Gamble Co will move its skin care, cosmetics and personal-care headquarters from Ohio to Singapore to be closer to the growing Asian market, and the president of the group will leave rather than move.
France's L'Oreal has lost its bid to keep a cosmetics trademark on Thursday, with Europe's highest court ruling it could not use the Botocyl mark as it would be riding on the coattails of U.S. healthcare group Allergan's well-known Botox brand name.
Beauty products company Coty Inc has raised its bid for Avon Products Inc but said it would withdraw its offer if Avon did not enter into discussions by May 14, according to a letter Avon made public on Thursday.
Vidal Sassoon, hair stylist and fashion world icon who created a natural look in the 1960s and built a multi-million dollar business on his name, has died of apparent natural causes at his home in Los Angeles. He was 84.