Despite affecting more than 1.7 billion people globally, acne care has been slow to innovate. Now a cohort of challenger skincare labels, from the likes of Alix Earle and Lili Reinhart, is paving a new landscape.

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‘Sell any rally,’ Berenberg says, as Barclays forecasts long-term stagnation. Plus: Burberry’s cautious outlook, Anderson’s Dior cruise show in LA, a renewed focus on placemaking.

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Jacobs will remain in his role as creative director.

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The Business of Beauty Global Forum 2026 returns to Napa Valley this June. Request your invitation to attend our annual gathering for leaders shaping the global beauty and wellness industry.

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This week, Priya Rao goes into it all: apolitical beauty brands, Armani sale rumours, Skky Partners’ undoing and more.

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