Nestle aims to shed skin unit to focus on food, nutrition
Nestle put its skin health unit up for sale on Thursday, as the maker of Nescafe and Perrier water ditches underperforming businesses and fends off criticism from an activist investor demanding an overhaul.
Facebook and Twitter must comply with EU consumer rules or face sanctions
Facebook and Twitter face sanctions unless they comply with European consumer rules by the end of the year, the EU said as its regulators continue to their crackdown on U.S. social media giants over privacy concerns.
LVMH watches head Biver to drop operations role
Jean-Claude Biver is dropping his operational responsibilities as the head of LVMH’s watch division, he told Reuters over the phone on Thursday, confirming media reports.
Lime’s next stop in scooter global expansion: Florida and Austria
Scooter- and bike-rental startup Lime is expanding to dozens more cities this year, its CEO said, leveraging the hundreds of millions of dollars in funding it has raised in an effort to dominate the North American and European markets.
Sky takeover fight to be settled by rare auction
Britain’s takeover regulator has taken the rare step of settling the battle for European broadcaster Sky Plc through an auction procedure after competing bids from Comcast and Twenty-First Century Fox remained in place.
Nestle puts skin health unit up for sale to focus on food, nutrition
Nestle put its skin health unit up for sale on Thursday, as the maker of Nescafe and Perrier water ditches underperforming businesses and seeks to fend off criticism from an activist investor demanding an overhaul.
UK takeover regulator to hold auction for Sky on Sept. 21
Britain’s takeover regulator said on Thursday that the battle between Comcast and Twenty-First Century Fox for Sky Plc would now go to an auction procedure.
World stocks rise as trade relief bounce continues
A bounce in world stocks in relief that the fresh U.S. and Chinese tariffs on reciprocal imports were less harsh than feared continued on Thursday, although investors remained wary about the next steps in the US-Sino trade war.
Japan clothing magnate Maezawa chases spot in business firmament
Japanese fashion billionaire Yusaku Maezawa’s first meeting with role model and SoftBank Group Corp boss Masayoshi Son came in 2010 when they bathed together – a popular communal activity in Japan – on the 26th floor of the tech giant’s headquarters.
EU says Facebook must comply with EU consumer rules by end-2018 or face sanctions
Europe’s justice chief gave U.S. social media giant Facebook until the end of the year to comply with EU consumer rules or face sanctions.
