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EU proposes cutting back sustainability laws for companies

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February 26, 2025

The European Commission on Wednesday proposed sweeping changes to EU green rules, scrapping sustainability reporting requirements for thousands of companies and delaying its due diligence policy by a year.

Reuters

Under the proposals, only companies with over 1,000 employees would be obliged to report on their environmental and human rights impact.

The rules currently target firms with over 250 employees, and the commission said the change would exempt 40,000 companies – or 80% of all firms the policy was originally designed to apply to.

The proposals will need to be negotiated and approved by the European Parliament and EU member states.

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Germany’s Beiersdorf to buy back shares worth 500 million euros

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February 26, 2025

Nivea maker Beiersdorf said on Thursday it will launch a share buyback program of up to 500 million euros ($524.85 million) in 2025.

Reuters

The program is expected to commence after the company’s 2025 annual general meeting and conclude by the end of the year.

In October, the firm reported a rise in group sales for the first nine months of 2024, and said it expected a strong fourth quarter despite persisting challenges in the Chinese luxury market.

The German skincare company also completed a 500 million euro share buyback program in 2024.

The company will report its full-year 2024 results on Thursday.

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Winky Lux names new CEO

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February 26, 2025

Clean cosmetics brand Winky Lux announced on Wednesday the appointment of Lauren Bloomer as its new chief executive officer.

Lauren Bloomer, left, Natalie Mackey – Courtesy

The move follows a period of expansion  at the New York-based company, including a majority investment from Core Industrial Partners in July 2024.

With the appointment of Bloomer, co-founder Natalie Mackey will continue to drive the brand’s creative evolution as creative director.

“I am honored to join a brand as spirited and innovative as Winky Lux,” said Bloomer. 

“Working closely with Natalie, whose creative vision has been the heartbeat of this company from day one, I look forward to building upon its strong foundation. Together, we will further ignite the brand’s growth, ensuring that each new chapter reflects our commitment to quality, creativity, and fun.”

A consumer goods and beauty expert, Bloomer brings more than 23 years of expertise in brand strategy, omnichannel growth, and team leadership to Winky Lux. 

Before joining Winky Lux, the executive served as president of the Good Glamm Group, where she oversaw international expansion and served as a board member for WYN Beauty by Serena Williams. She also spent 14 years at the Estee Lauder Companies, where she held leadership positions at Becc Cosmetics, the Estee Lauder brand, and Clinique. She also held previous positions at the Clorox Company and the Boston Consulting Group.

“I have always believed that great leadership fuels creative innovation,” said Mackey. “After an extensive search for a visionary leader who shares our passion for redefining beauty, I am thrilled to introduce Lauren as our new CEO. This decision is a pivotal step for Winky Lux as we continue to grow while staying true to our core values of Joy, Playfulness and Community.”

Founded in 2015 by Natalie Mackey and Nate Newman, Winky Lux is an innovative beauty brand that offers “clean, joyful” makeup.
 

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EBay forecasts quarterly revenue below expectations on weak demand

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February 26, 2025

 E-commerce firm eBay forecast first-quarter revenue below Wall Street estimates on Wednesday, signaling weak demand for products such as collector’s items and refurbished goods, sending its shares down 7% in extended trading.

Ebay

High interest rates and persistent inflation have hampered U.S. consumer spending for two years, leading to sluggish demand for non-essential items such as collectibles and luxury accessories.

The e-commerce company has been pressurized by decreasing advertising revenue and faces intense competition from Amazon, opens new tab and China’s Alibaba Group, opens new tab, the B2B online marketplace.

The elimination of selling fees for consumer-to-consumer sellers for all items excluding cars sold domestically in the UK is also expected to pressure eBay’s take rate, which is how much money a business makes from a transaction.

The company expects revenue in the range of $2.52 billion to $2.56 billion for the first quarter, compared with analysts’ average estimate of $2.59 billion according to data compiled by LSEG.

EBay expects gross merchandise volume, a key industry metric that denotes the total value of goods and services sold on the marketplace, between $18.3 billion and $18.6 billion for the quarter, below estimates of $18.8 billion.

Revenue for the fourth quarter ended December 31 was $2.58 billion, compared to analysts’ average estimate of $2.57 billion according to data compiled by LSEG.

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