BusinessStartups

Coty Announces Strategic Review of Consumer Beauty Assets in Major Portfolio Realignment

Beauty conglomerate Coty has initiated a formal strategic review of its Consumer Beauty business assets, including major brands like CoverGirl and Rimmel. The move signals a significant pivot toward the company’s more profitable prestige fragrance operations as market dynamics shift.

Coty Initiates Strategic Review of Consumer Beauty Assets

Global beauty company Coty Inc. has announced a major strategic realignment, reportedly launching a formal review of specific assets within its Consumer Beauty division. According to reports from September 30, 2025, the company will explore a full range of options for these businesses, including potential sales, spin-offs, or other strategic transactions.

Assistive TechnologyBusiness

Alibaba’s Singles Day Kicks Off Strong Amid Nio Legal Woes and Asian Market Shifts

Alibaba’s Singles Day event reportedly saw 35 brands hit RMB 100 million in sales within an hour, while Nio shares dropped nearly 9% on a lawsuit from Singapore’s GIC. Asian equities strengthened as US-China tensions eased, with clean tech firms gaining on new EV infrastructure plans.

Alibaba’s Singles Day Begins with Record-Breaking Presales

Alibaba’s highly anticipated Singles’ Day shopping event kicked off with robust presales activity, according to reports. Sources indicate that within the first hour, 35 brands achieved sales exceeding RMB 100 million, with over 1,800 orders processed and active user numbers surpassing last year’s figures. The analysis notes cosmetics and sports apparel brands like Estée Lauder and Nike saw particularly strong demand, though Alibaba’s shares dipped slightly by 0.25% amid broader market caution.

Business

Howard Schultz Urges CEOs to Stay Connected With Customers Post-Retirement

Howard Schultz, despite retiring from Starbucks’ board two years ago, continues to visit stores and engage directly with customers. The founder stresses that curiosity and firsthand observation remain crucial for effective leadership according to his recent LinkedIn interview.

Former Starbucks Leader Maintains Customer Connection

Howard Schultz, who retired from the board of directors at Starbucks two years ago, continues to demonstrate his commitment to firsthand customer engagement, according to reports from his recent interview. The company founder reportedly visited stores this week to gather direct feedback on new menu items, including the recently launched protein lattes.