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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
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
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
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
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
L’Occitane owner in advanced talks to take it private - sources
L'Occitane International's controlling shareholder is in advanced talks on a potential deal to take the skincare company private ahead of a possible European listing, two people with direct knowledge of the matter said.
Beauty
Harvey Nichols losses narrow as sales bounce back
Harvey Nichols has published its results for the year to April 2022 with the company remaining loss-making, but its overall performance clearly improving.
Luxury
Hairstory rejigs executive suite
U.S. clean hair care brand Hairstory has announced the appointment of several new leadership hires, including chief executive officer, chief marketing officer, vice president of sales, and design director.
Beauty
Boohoo adds to Revolution Beauty stake
Boohoo Group has increased its stake in Revolution Beauty after settling a dispute with the firm that saw a number of Boohoo nominees joining the leadership team.
Beauty
Unilever beauty ops make progress in H1, prestige is strong
Unilever's first half results on Tuesday, showed some areas performing better than others but overall progress, with the group reporting underlying sales growth of 9.1%. Meanwhile turnover rose 2.7% to €30.4bn.
Beauty
Harvey Nichols boss says France wins in race for global shoppers, also lures shoppers from UK
Harvey Nichols' CEO is the latest exec to weigh in on the VAT-free shopping debate in the UK. She has highlighted how France has deftly attracted international shoppers and is attracting British shoppers too.
Fashion
More trouble for Revolution Beauty with FCA probe, Bill Currie takes stake
Revolution Beauty can’t seem to catch a break. In a brief stock exchange filing, the under-pressure beauty specialist said that the UK’s Financial Conduct Authority (FCA) has notified the firm that it has begun a probe.
Beauty
Cosmoprof North America clocks 20% increase in attendance
Cosmoprof North America announced on Tuesday an "exceptional" 20th anniversary edition at the Las Vegas Convention Center from July 11–13, registering 20% growth in show attendance over last year.
Beauty
Kendall Jenner is new L'Oréal Paris global ambassador
L'Oréal Paris has added American model Kendall Jenner to its prestigious list of ambassadors.
Beauty
Revolution Beauty confirms spat settlement, Boohoo scores big board changes
Revolution Beauty announced a settlement with major shareholder Boohoo Group on Tuesday and it looks like the latter has achieved many of its aims, but not all of them.
Beauty
Coty to sell portion of Wella stake
Coty Inc. announced on Tuesday it has agreed to sell a portion of its haircare brand Wella stake to investment firm, IGF Wealth Management.
Beauty