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• Beauty group Puig gets lukewarm response in Spain debut

  Earlier this week, the owner of Rabanne and Carolina Herrera priced its oversubscribed IPO at the top of its targeted valuation range, giving it a market capitalisation of almost 14 billion euros. A source familiar with the transaction said a drop in Estee Lauder's share price and the fact that the IPO was priced at the top end had weighed on Puig's initial trading performance.

  

• Adidas loses bid to renew Thom Browne trademark lawsuit

  Adidas sued New York designer Thom Browne's brand in 2021, claiming Thom Browne's four-bar and "Grosgrain" stripe patterns on its shoes and high-end activewear violated its three-stripe trademark rights. A jury determined in January 2023 that the fashion house's designs were not likely to cause customer confusion with Adidas' products and did not violate the company's trademark rights.

  

• Paramount will not extend exclusive deal with Skydance

  A special committee of the Paramount board, created to evaluate offers for the company, has been holding exclusive deal talks with Skydance Media. That period of exclusivity ends Friday, and a separate source familiar with the matter said the exclusivity period is unlikely to be extended, opening the doors to other bidders like Sony Pictures Entertainment and private equity firm Apollo Global Management.

  

• Consumer companies on recovery path in FY25

  Global and Indian companies like Coca-Cola, Apple and Reliance Retail anticipate a successful year ahead with strengthened demand post-March, despite global economic challenges. Robust growth forecasts are backed by increased consumer spending and a positive outlook for India's GDP. Beverage giant Coca-Cola chief executive James Quincey told analysts that the India business was a "little softer" in January and February, but "March and April have now bounced back." He said the company expects to have a "strong year this year" in India.

  

• Google, US Justice Dept clash over search advertising

  Google and the U.S. Justice Department clashed in court on Friday over claims that the Alphabet unit unlawfully schemed to dominate search advertising, during closing arguments in a case the government contends could shape the "future of the internet." The judge also questioned whether Google assesses competitors' pricing before making its own adjustments. Google's advertising business is responsible for about three quarters of its revenue.

  

• Palak Tiwari and Shilpa Shetty teams up for Kesh King shampoo's new commercial

  The brand has onboarded Palak Tiwari as its new brand ambassador.

  

• Sara Tendulkar becomes brand ambassador of Korean beauty brand

  Sara Tendulkar's beauty journey evolves from modeling to skincare ambassadorship, embracing elegance and minimalism. Her Laneige collaboration reflects dedication to innovation and celebrating unique radiance, inspiring with authenticity and timeless appeal.

  

• Sony, Apollo express interest in buying Paramount in $26 bn deal

  Sony Pictures Entertainment and Apollo Global Management have shown formal interest in acquiring Paramount for around $26 billion. This development adds complexity to Paramount's ongoing negotiations with Skydance and Redbird Capital Partners. Paramount has been in talks with Skydance, led by David Ellison, for a possible merger and investment deal. The new joint expression of interest from Sony and Apollo proposes Sony as a significant majority shareholder and Apollo as a minority shareholder.

  

• Lux appoints Suhana Khan as its new brand ambassador

  Marking its 100th anniversary, Lux has announced Suhana Khan as the brand's newest ambassador for its body wash range.

  

• Reliance Retail's Tira Beauty launches a new private label brand, ‘Nails Our Way’

  This new line features a broad array of premium nail colour and care products, designed to enable consumers to express their unique style and embrace personal creativity.

  

• Tech platforms make pitch for ad deals as TikTok is roiled by politics

  TikTok is expected to generate $8.66 billion in U.S. ad revenue this year according to an estimate from research firm Emarketer. While it is a fraction of the size of Google and Meta, TikTok kicked off the short-form video craze and prompted rivals to build similar features.

  

• HC orders removal of mobile ad vehicles from public spaces

  The high court directed that these mobile advertisement vehicles be immediately removed from spaces, footpaths, roadsides, junctions and intersections.

  

• Tesla vs Tesla: US carmaker sues Indian namesake for copying trademark

  Tesla in a hearing at the Delhi high court this week said the Indian company had continued advertising its products with the "Tesla Power" brand despite a cease-and-desist notice sent in April 2022, according to details of the proceedings posted on the court website on Friday.

  

• Apple aims to tell an AI story without AI bills

  After the company reported quarterly earnings on Thursday, Cook insisted that Apple will have concrete details about its plans for AI to talk about very soon.

  

• Soha Ali Khan endorses Tata Simply Better’s cold pressed oils

  The brand has roped in actress-author Soha Ali Khan, who talks about the four variants of the cold pressed oils - Virgin Cold Pressed Coconut Oil, Cold Pressed Groundnut Oil, Cold Pressed Mustard Oil and Cold Pressed Sesame (Gingelly) Oil in the digital film. She also advocates for its premium quality and benefits of integrating them in everyday culinary practices, declaring them ‘Soha’s simply better choice’.

  

• MS Dhoni and Emcure make a formidable team for cure and beyond

  The campaign highlights Emcure Pharmaceuticals’ vision to go beyond cure and enable healthier living for individuals.

  

• Apparel retailer rue21 files for third bankruptcy, will close all stores

  rue21 has attempted to sell its business, but no buyer appeared willing to pay more than the company would earn by liquidating its inventory in "going out of business" sales and shutting down its stores, the company said in documents filed in Wilmington, Delaware, bankruptcy court.