Bloomberg IAG SA will slash the work force at its flagship British Airways by almost 30% in a painful restructuring aimed at shrinking the airline group for a downturn that could last for years. IAG shares fell as much as 6% on Wednesday, after the airline group said that as many as 12,000 jobs will be lost at the UK’s ...

Bloomberg Consumer giant Unilever Plc and the Spanish company behind Paco Rabanne perfumes are among beauty heavyweights competing to buy celebrity makeup brand Charlotte Tilbury. L’Oreal SA of France, Estée Lauder Cos in New York and Japanese beauty company Shiseido Co also made bids for the London-based brand, the people said, asking not to be identified as the matter is ...

Bloomberg Scandinavia’s biggest network airline, SAS AB, is eliminating as many as 5,000 jobs, marking the first permanent staff cuts by a major European carrier in the face of collapsing travel demand. The Stockholm-based company said that the dismissals, amounting to 40% of the workforce, are necessary because employees have an average notice period of six months and it needs ...