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L’Oréal USA appoints new acquisitions head

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February 13, 2025

French beauty giant L’Oréal Groupe announced on Thursday the appointment of Ali Goldstein to the role of president of acquisitions for L’Oréal USA.

Ali Goldstein – Courtesy

Goldstein succeeds Carol Hamilton, who will be retiring from L’Oréal after a 40-year career with the Paris-based company.

In her new role, Goldstein will be responsible for identifying U.S. beauty brands and services for potential acquisition or investment across all four L’Oréal Divisions — mass market, luxury, dermatological and professional beauty. She will report to David Greenberg, CEO of L’Oréal USA and president of the North America zone.

Joining L’Oréal in 2001, Goldstein ​has served in leadership roles across L’Oréal Paris, Maybelline, and Garnier. She then served as senior vice president, strategy & business development for the consumer products division (CPD), where she was responsible for identifying new business opportunities, including acquisitions and helping to develop the growth plan of the division in the U.S.

​Since 2019, Goldstein has served as U.S. President of L’Oréal Paris, the largest brand in L’Oréal USA’s portfolio. 

“Ali Goldstein’s unmatched knowledge of the industry and the American beauty market, her sensitivity to spotting emerging trends and scouting new business opportunities, and her decades-long experience of building powerful brands and setting them on a course for growth make her the perfect candidate to lead our company’s brand acquisition strategy into the future,” said Greenberg.

Earlier this month,  L’Oréal said it had acquired a minority stake in Jacquemus, forging an “exclusive beauty partnership” with the independent French fashion label.

 

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Fashion

Trump plans tariffs on Canada, France over digital services taxes

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February 13, 2025

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Reuters

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February 13, 2025

President Donald Trump on Thursday said he planned to impose tariffs on Canada and France over their digital services taxes on U.S. technology giants, which has been a long-standing irritant.

Reuters

Canada, seeking to address the challenge of taxing digital giants like Google parent Alphabet and Amazon.com that can book their profits in low-tax countries, began imposing the tax in June last year.

Trump tasked his economics team on Thursday with devising a plan to impose reciprocal tariffs on every country that levied duties on U.S. imports.

A White House fact sheet, stating that “only America should be allowed to tax American firms,” complained Canada and France used digital services taxes to each collect over $500 million per year from U.S. companies.

“Overall, these non-reciprocal taxes cost America’s firms over $2 billion per year. Reciprocal tariffs will bring back fairness and prosperity to the distorted international trade system and stop Americans from being taken advantage of,” said the fact sheet. It gave no further details.

Last year, under the previous Biden administration, Washington requested trade dispute settlement consultations with Canada over the tax, calling it discriminatory.

The office of Canadian Prime Minister Justin Trudeau was not immediately available for comment.

© Thomson Reuters 2025 All rights reserved.



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In The Style likely to go into administration

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February 13, 2025

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February 13, 2025

Time seems to be running out for In the Style — the influencer-linked fashion e-tailer — with a report that it’s on the verge of an administration filing.

In The Style

Owner Baaj Capital is believed to be prepping FTS Recovery as administrator to the fast-fashion business, according to Sky News, which has a good track record of reliability on fashion and retail industry stories.

It’s only two years since the then-10-year-old business was sold and would be yet another low point in what had seemed to be a major success story not so many years ago.

Emerging from the Manchester online fast-fashion scene in 2013, it listed on the stock exchange in 2021 and at one point was valued at £105 million. But in a ‘fire sale’ to avoid administration two years later it fetched just £1.2 million.

The reborn company filed its accounts in December for the year to the end of March 2024 with a pre-tax loss of £2.6 million and a net loss of £2.61 million. Both those figures were better than the losses of the previous year but with revenue plummeting from £45.9 million a year earlier to £30.4 million this time, news that the company was selling more items at full price was scant comfort.

The brand launched its latest celebrity collab earlier this month (with BBC Strictly Come Dancing 2024 show winner Dianne Buswell) but its future looks very unclear at present.

Sky News said a source believes a pre-pack insolvency process potentially involving Baaj Capital is a possible outcome.

Baaj was also in the news recently as it was seen as the frontrunner to buy discount chain The Original Factory Shop, but was beaten by a higher offer from retail investor Modella Capital.

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Authentic inks partnership for Spyder with Outdoor Collective

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February 13, 2025

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February 13, 2025

Authentic Brands Group has granted Outdoor Collective the license for Spyder manufacturing, covering ski and snow apparel as well as accessories.

Authentic inks partnership with Spyder for Outdoor Collective. – Spyder

Under the agreement, Outdoor Collective will be responsible for the merchandising, design, operations, sales, service, marketing, sourcing, and production for the Spyder brand.

This strategic move marks an expansion for Outdoor Collective, allowing it to broaden its market reach and enhance production capabilities. To support this growth, Outdoor Collective has assumed offices and operations worldwide, including Spyder’s headquarters in Boulder, Colorado. 

The transfer of the manufacturing license takes effect immediately, with Fall 2025 production continuing without disruption. 

“We are excited about this transition and are confident that Outdoor Collective is the right group to continue the legacy of quality and innovation that Spyder is known for,” said Brady Collings, president of Outdoor Collective On-Mountain.

“This move allows us to establish a multi brand platform dedicated to performance and innovation utilizing our merchandising and design resources, while also ensuring that production remains in very capable hands.”

Outdoor Collective will continue to develop Spyder products, with a focus on On-Mountain, Freeski, Venom, full après ski, and year-round lifestyle categories. Additionally, OC will oversee the development of Billabong Outerwear, set to launch in Fall 2025 under a dedicated team.

David Brooks, EVP, action and outdoor sports, lifestyle at Authentic, added, “Spyder is one of the most respected performance brands in the world, built on decades of excellence and technical innovation. Outdoor Collective has the expertise and vision to elevate Spyder to new heights while staying true to its heritage of delivering top-tier gear for winter athletes and enthusiasts.”

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