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Aesop, a Skin Care Company, Will Be Acquired by L’Oréal
Posted inBrazil China Cosmetics and Toiletries Europe France L'Oreal SA Melbourne (Australia) Mergers, Acquisitions and Divestitures Natura Cosmeticos SA Shopping and Retail Skin

Aesop, a Skin Care Company, Will Be Acquired by L’Oréal

L’Oréal, the French cosmetics giant, said it would help Aesop, an Australian luxury brand with a cult following, expand in China.
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Posted by By Jenny Gross
China Strikes Back at U.S. Chip Maker Even as It Signals Openness
Posted inBeijing (China) China Computer Chips Computers and the Internet Micron Technology Inc United States

China Strikes Back at U.S. Chip Maker Even as It Signals Openness

Beijing’s security review of Micron Technology, which has deep roots in China, could have wide-ranging ramifications for other foreign businesses.
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Posted by By Chang Che and John Liu
Swiss Watch Leaders Are Eager to Make Up for Lost Time in China
Posted inBreitling SA China Chu, Austen Coronavirus (2019-nCoV) IWC Schaffhausen Luxury Goods and Services Parmigiani Fleurier SA Tornare, Julien Watches and Clocks

Swiss Watch Leaders Are Eager to Make Up for Lost Time in China

Brands seem determined to make the most of the bounce in luxury spending that they have anticipated since Beijing ended its zero-Covid policy.
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Posted by By Alessandro DiviggianoReuters
Tesla Sales Jumped in the First Quarter
Posted inBatteries BYD Co Ltd China Company Reports Electric and Hybrid Vehicles Factories and Manufacturing Ford Motor Co General Motors Germany Musk, Elon Production Tax Credits, Deductions and Exemptions Tesla Motors Inc United States

Tesla Sales Jumped in the First Quarter

The electric car company’s decision to slash prices appears to have paid off in reviving demand.
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Posted by By Jack Ewing

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