Executive Summary

• This week’s note “From the Desk of Deborah Weinswig” looks at the changes in luxury as the business seeks to keep up with the fast-shifting consumer landscape.
• In the US, Walmart announced it will start offering next-day delivery for online orders, reaching 75% of the US by the end of 2019 – nipping at Amazon’s heels, which on April 25 announced plans for one-day delivery for all Amazon Prime members.
• Britain’s Competition and Markets Authority (CMA) intends to investigate the JD Sports acquisition of smaller rival Footasylum to assess if the deal would significantly reduce competition in the UK market.
• L’Oréal subsidiary La Roche Posay launched an anti-acne advice app for the China market, working with Alibaba.