Vhernier is small but Richemont has a history of turning small brands into success stories

The company has argued that the law will stifle free speech and hurt creators and small business owners who benefit economically from the platform.

The nature of livestream transactions makes it hard to identify and weed out counterfeits and fakes despite growth of new technologies aimed at detecting infringement.

According to an email viewed by The Business of Beauty, the company will be on hiatus while it establishes a sustainable path to return as a new company.

‘We have been and will always be open to considering opportunities,’ Lorenzo Bertelli told reporters Tuesday at the opening of a knitwear factory in Torgiano, Italy.

The surfing legend, a vocal opponent of chemical-based sun protection, is launching his own line of natural skincare products this week.