Cosmetics
The latest news
Yves Rocher unveils new brand strategy 'Retour Aux Sources'
Botanical beauty brand Yves Rocher unveiled on Tuesday a new brand strategy, which aims to reconnect the brand to its founding mission to offer natural, responsible beauty.
Beauty
Coty reports a 12% increase in annual sales
While it is considering a dual listing on the Paris Bourse, American beauty group Coty is reporting sales of $5.55 billion for its 2022/23 financial year, up 12% on a like-for-like basis.
Beauty
American Exchange acquires HatchCollective
American Exchange Group announced it has acquired beauty and personal care company, HatchCollective, the owner of NatureWell, Found Active, Orlando Pita Play, Txtr and Paint & Petals.
Beauty
Marc Jacobs Beauty joins the Coty portfolio
Marc Jacobs International announced on Monday that it has signed an expanded long-term license agreement with Coty Inc., marking the brand’s return to the beauty space.
Beauty
Harrods rebounds in latest year as pandemic becomes more distant memory
Luxury department store Harrods has released its results for the year to the end of January 2023 with the figures highlighting its bounce-back post-pandemic.
Luxury
Peter Do x Banana Republic; Natura results; Columbia product chief; The Buckle results
Designer Peter Do is launching a Banana Republic collab with a capsule collection that will drop in selected stores and online in October. It feeds into the quiet luxury trend and is available with only unisex sizing.
Fashion
Estée Lauder is falling behind rivals, even on its home turf
A too-little, too-late approach helps explain why Lauder execs have cut their annual outlook in the last three quarters. It's grappling with sluggish sales in Asia, supply-chain missteps and product miscues.
Beauty
Coach parent Tapestry forecasts weak 2024 on soft U.S. demand
Coach parent Tapestry, which agreed to buy Capri Holdings last week, forecast fiscal 2024 profit and sales below estimates on Thursday after waning U.S. demand for its luxury handbags hurt fourth-quarter results.
Fashion
Harvey Nichols chief quits, will leave later this year
Manju Malhotra, CEO of Harvey Nichols, has quit the role she’s held for just over three years with Pearson Poon, son of the retailer’s majority owner Sir Dickson Poon, to become vice-chairman until a new CEO is found.
Luxury
China allows group tours to US, UK, boosting luxury sector
China has lifted a ban on group tours to a slew of countries including the US, UK, Australia, South Korea and Japan, in a big test of demand for overseas travel from what was once the world’s biggest source of tourists
Luxury
Farfetch 'to exit beauty business'
Rumours that Farfetch will exit its beauty business appear to be correct with reports that it will be shut down as soon as 31 August.
Beauty
Coach parent Tapestry to buy Michael Kors owner in $8.5 billion deal
Michael Kors owner Capri will be bought by Coach parent Tapestry in an $8.5bn deal, the companies have said, creating a top US fashion house that can better compete with larger European rivals in global luxury.
Fashion
CVC plans IPO of German cosmetics retailer Douglas - sources
CVC Capital Partners is exploring a potential stock market listing of German perfume and cosmetics retailer Douglas, people familiar with the matter told Reuters.
Beauty
JD Sports uses AR in US; Safilo sales fall; Marimekko at CFW; Revlon new CEO; Boot Barn results
Zero10’s VTO technology has been brought to sports for the first time via an AR integration with JD Sports. The collab is the first JD Sports’ use of in-store AR try-on technology.
Fashion
Return to global travel boosts Dufry duty free stores
Duty-free retailer Dufry lifted its full-year profitability target after posting forecast-beating results for the first half thanks to a post-pandemic global travel boom
Luxury
Beiersdorf hikes organic sales aim on demand for Nivea, but La Prairie sales fall
Beiersdorf on 3 August raised its annual forecast for organic sales a second time this year, after its core brand Nivea and high sunscreen demand drove double-digit growth in half-year organic sales.
Beauty