Retailer concludes fast-track reorganization after completing all required actions and satisfying remaining conditions to its first amended plan of reorganization, Kmart announces in a May 6 1release. Kmart also closed on its new $2 bil. exit financing facility, which will help the retailer meet its ongoing working capital needs, firm states. Financing facility replaces debtor-in-possession facility provided by lenders to fund restructuring (2"The Rose Sheet" Jan. 28, 2002, p. 7). As part of new reorganization initiative, retailer has appointed James Gooch as VP and treasurer and has become an indirect subsidiary of newly-formed firm Kmart Holding Corporation. New shares of common stock initially will be publicly traded on the OTC market until the company is able to satisfy the listing criteria for NASDAQ...
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The US FTC’s contention that ‘notice and choice’ has failed as the cornerstone of consumer privacy regulation and must be abandoned in favor of data minimization and other more stringent measures does not adequately account for the complexity of business practices and consumer behavior, FTC commissioner Melissa Holyoak asserted at the NAD’s 2024 Annual Conference.
FTC Commissioner Melissa Holyoak says the agency has acted outside the bounds afforded by Congress, citing several areas within consumer protection, including a recent update to the final rule for the Health Breach Notification Rule and the commission’s use of notices of penalty offense to serve as the basis for Section 5 settlements.
At one year, TikTok Shop conjures the early days of Amazon, representing the ‘Wild West’ of beauty ecommerce, said co-founders of private label and contract manufacturing company KO-Pack at the IBA Cosmetics Convergence Fall 2024 Virtual Symposium, “The Promise and Pitfalls of TikTok Shop.”
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The Estee Lauder Companies’ Chairman Emeritus Leonard Lauder, who is credited with growing his family’s firm into a global beauty powerhouse over six decades through the launch and acquisition of iconic brands and expansion into Europe, Asia and the Middle East, passed away 14 June.
Czech Republic's Zentiva snaps up Aboca portfolio adding supplement brands marketed in European countries such France, Italy and Spain.
Pharma Deutschland is one of 21 German associations calling for trilogue negotiations in relation to the EU Green Claims Directive to be suspended while a “comprehensive and independent written impact assessment” is undertaken.
