World's largest money manager takes majority stake in Creed fragrances; Alberto VO5 maker sells oral health, hair and skincare brands; 1.6 million Aussies use TikTok; and Coty appoints head of Jimmy Choo as new CEO.
Pre-Christmas retail sales exceed forecast to hit $52.89 billion; L Brands business splits - Victoria's Secret heads private and Bath & Body Works becomes a standalone; travel retail: Lotte to debut Sydney store and Heinemann retains key airport duty-free concession; and L'Oréal see uplift in online sales in China for February.