THE WHAT? Venture capital group Cathay Innovation is raising US$1 billion to back tech start-ups, according to a report by Bloomberg. THE DETAILS The third fund for the group, which is backed Read More
THE WHAT? Duty-free retailer Dufry has agreed to acquire Italian airport and motorway caterer Autogrill, with Italy’s Benetton family, Autogrill’s largest investor, transferring its 50.3 percent stake to Dufry, according to Read More
The Good Glamm Group has named Asad Raza Khan as its new Global Commercial Officer, according to Campaign. THE DETAILS Khan will lead the international business from his Dubai base, aiming Read More
THE WHAT? UK health and beauty retailer Superdrug has collaborated with social media site TikTok to run the #SuperShow talent competition, where entrants complete three challenges inspired by products available at Read More
THE WHAT? L’Oréal Professional Paris has launched a new range into the Nigerian market, aimed at kinky and natural hair, named Curl Expression. THE DETAILS The range consists of 10 products for Read More
THE WHAT? Shanghai has unveiled plans to accelerate economic recovery in the wake of COVID-19 through investment in metaverse development and low-carbon projects, according to a report published by Yahoo! Read More
THE WHAT? LVMH-owned Sephora has announced that it is planning to sell its Russian subsidiary to the current local GM, according to a report published by Reuters. THE DETAILS Financial Read More
THE WHAT? Klarna’s valuation has plummeted from US$46 billion to US$6.7 billion as a result of a funding round that saw the buy now, pay later platform struggle to persuade Read More
