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Galderma Group AG has agreed to acquire ZO Skin Health for $1.5 billion, expanding its premium physician-dispensed skincare portfolio alongside Alastin Skincare as the dermatology giant targets growth in medical aesthetics, professional skincare and global distribution. Representative image.

Galderma to buy ZO Skin Health for $1.5bn as medical-grade skincare moves deeper into beauty M&A

Ralph Lauren Corporation has linked artificial intelligence performance to executive compensation, introducing an AI scorecard that can adjust annual bonuses by up to 10% as the luxury fashion group prioritises AI adoption, retail productivity and operational efficiency. Representative image.

Ralph Lauren puts AI into executive bonus scorecard as $RL gains 15% in a month

Richemont, owner of Cartier and Van Cleef & Arpels, is reportedly considering joining a consortium bidding for Anglo American’s De Beers diamond business, potentially valued at around $1 billion, as luxury jewellery groups weigh greater control over natural-diamond supply amid industry pressures. Representative image.

Could Richemont joining a De Beers bid turn Cartier’s owner into a diamond supply-chain investor?

Temu, owned by PDD Holdings, faces stricter U.S. data privacy and product safety requirements following its $3 million Texas settlement, raising questions about regulatory compliance costs, marketplace profitability and the future of its low-price e-commerce model. Representative image.

Temu Texas settlement raises the cost of U.S. growth as PDD shares remain near annual lows

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Auto and Transport Industry News

Saudia Group expands fleet with purchase of 105 Airbus A320neo Family aircraft

In a significant move to bolster its aviation capabilities, Saudia Group, the umbrella group that includes Saudia, the…

byPallavi Madhiraju

May 20, 2024

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