The company’s turnaround has been uneven, with Gap’s namesake brand having made the most progress while its athleisure chain Athleta continues to struggle.
Menlo Ventures, Thrive Capital, Index Ventures and JPMorgan participated in Nourish’s fundraise. The company’s goal is boosting and preserving improvements from weight-loss medications.
Private equity firm Sycamore Partners, which took ownership of the British pharmacy and beauty chain last year, has reportedly begun divestiture discussions.
The British group positioned itself as an industry leader five years ago when it announced a goal of net zero by 2040 — ahead of other luxury brands and the Paris Agreement on climate change.
Proya reported sales above 10 billion yuan last year, the first Chinese beauty company to do so. Its billionaire founder is now on the hunt for European brands.
Nearly half of patients who got a high dose of Eli Lilly's experimental obesity shot retatrutide lost the equivalent weight of bariatric surgery, sending the drugmaker's shares up in premarket trading.
In a late-stage trial, patients who could tolerate the highest dose of retatrutide for a year-and-a-half lost 28.3 percent of their body weight on average.
The Puerto Rican singer wore Zara during his Super Bowl performance and at the Met Gala this year. Now, the duo is partnering to launch a 150-piece collection.
The levies would affect imports from 60 trading partners, with rates ranging from 10% for Mexico, Canada and the UK to 12.5% for China, India and Brazil, as the Trump administration seeks to rebuild its tariff wall.
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