The News In Brief

TikTok Star Khaby Lame Signs $975 Million Deal to Monetise Global Fan Base
Lame is partnering with Rich Sparkle Holdings Ltd. to turn his 360 million social-media followers into a commercial venture.

TikTok Star Khaby Lame Signs $975 Million Deal to Monetise Global Fan Base
Lame is partnering with Rich Sparkle Holdings Ltd. to turn his 360 million social-media followers into a commercial venture.

Shein Could Face EU Investigation but No Interim Measure, Commission Official Says
The ultra-fast-fashion giant is unlikely to face an order to suspend its website.

Shein Could Face EU Investigation but No Interim Measure, Commission Official Says
The ultra-fast-fashion giant is unlikely to face an order to suspend its website.

Phia Raises $35 Million Series A
The round values the Phoebe Gates-co-founded price-comparison platform at $185 million.

Phia Raises $35 Million Series A
The round values the Phoebe Gates-co-founded price-comparison platform at $185 million.

India and European Union Sign Free Trade Agreement
The deal is expected to ease market access for key European products, including cars and wine, in return for easier Indian exports of textiles, gems and pharmaceuticals.

India and European Union Sign Free Trade Agreement
The deal is expected to ease market access for key European products, including cars and wine, in return for easier Indian exports of textiles, gems and pharmaceuticals.

Anta Sports to Buy 29% Stake in Puma for $1.8 Billion
The Pinault family agreed to sell its 29 percent stake in Puma to China’s Anta, paring back its holdings beyond luxury as it focuses on a turnaround at Gucci.

Anta Sports to Buy 29% Stake in Puma for $1.8 Billion
The Pinault family agreed to sell its 29 percent stake in Puma to China’s Anta, paring back its holdings beyond luxury as it focuses on a turnaround at Gucci.

Tracksmith Founder Passes CEO Baton to Converse Veteran
Matt Taylor, founder of the collegiate-inspired running brand will be succeeded by Jared Carver, Converse’s former CEO and president.

Tracksmith Founder Passes CEO Baton to Converse Veteran
Matt Taylor, founder of the collegiate-inspired running brand will be succeeded by Jared Carver, Converse’s former CEO and president.

Nike Slashes 775 Jobs in US to Speed Up Automation, Boost Profit
The cuts will primarily impact distribution centre roles in Tennessee and Mississippi, where the sneaker giant operates large warehouses, Reuters reported.

Nike Slashes 775 Jobs in US to Speed Up Automation, Boost Profit
The cuts will primarily impact distribution centre roles in Tennessee and Mississippi, where the sneaker giant operates large warehouses, Reuters reported.

Byoma Names Tara Loftis Global President and Chief Brand Officer
Loftis joins the UK skincare brand from Galderma, where she served as global brand president for the company’s dermatological portfolio.

Byoma Names Tara Loftis Global President and Chief Brand Officer
Loftis joins the UK skincare brand from Galderma, where she served as global brand president for the company’s dermatological portfolio.

Pat McGrath Labs Files for Bankruptcy
The embattled cosmetics label has filed for Chapter 11 bankruptcy, according to filings, and cancelled its asset sale scheduled for Tuesday.

Pat McGrath Labs Files for Bankruptcy
The embattled cosmetics label has filed for Chapter 11 bankruptcy, according to filings, and cancelled its asset sale scheduled for Tuesday.

Stars of Fashion and Film Bid Farewell to Haute Couture ‘Emperor’ Valentino
The biggest names in fashion — including Donatella Versace, Tom Ford and Maria Grazia Chiuri — gathered on Friday in the Basilica of Santa Maria degli Angeli.

Stars of Fashion and Film Bid Farewell to Haute Couture ‘Emperor’ Valentino
The biggest names in fashion — including Donatella Versace, Tom Ford and Maria Grazia Chiuri — gathered on Friday in the Basilica of Santa Maria degli Angeli.

Saks Off 5th Digital to Liquidate Inventory While in Bankruptcy
The e-commerce unit is being run by independent managers and the sale of its assets does not include any merchandise of Saks Global’s brick and mortar stores.

Saks Off 5th Digital to Liquidate Inventory While in Bankruptcy
The e-commerce unit is being run by independent managers and the sale of its assets does not include any merchandise of Saks Global’s brick and mortar stores.

TikTok Seals Deal to Operate in the US After Years of Drama
The long-awaited deal to transfer parts of TikTok’s US operations to American investors secures the app’s future and avoids a nationwide ban.

TikTok Seals Deal to Operate in the US After Years of Drama
The long-awaited deal to transfer parts of TikTok’s US operations to American investors secures the app’s future and avoids a nationwide ban.