Cosmetics
The latest news
L'Oreal 2Q sales grow 5.3%, slower than forecast
French cosmetics giant L'Oreal reported a 5.3% rise in second-quarter sales, below expectations and likely further rattling investors already worried about the lack of rebound in the important Chinese market.
Beauty
Shiseido: new CEO to take over in January 2025
On January 1 2025, Kentaro Fujiwara will assume the role of president and CEO of Japanese cosmetics group Shiseido, whose brand portfolio also includes Drunk Elephant and Serge Lutens.
Beauty
Pucci to launch a makeup line in collaboration with Guerlain in late August
The French perfumer and the Italian fashion house are teaming up to launch a capsule makeup collection. The launch will be supported by a campaign featuring supermodel Natalia Vodianova end of August.
Beauty
Selfridges CEO Keith to step down, group CEO Maeder steps in
Andrew Keith is quitting as CEO of the Selfridges division of Selfridges Group with the group’s chief executive André Maeder replacing him. He’s leaving this autumn to pursue new ventures.
Luxury
Nars names Ciara, Pom Klementieff and Camila Morrone new brand ambassadors
Beauty brand Nars debuted on Monday its new Explicit Lipstick collection with a campaign that stars three new global ambassadors of the Shiseido-owned brand – Ciara, Pom Klementieff, and Camila Morrone.
Beauty
YSL Beauty introduces new fragrance with global ambassador Dua Lipa
Dubbed 'Libre Flowers & Flames', the fragrance launches both in store and online, as part of the brand’s iconic Libre fragrance family.
Beauty
After The Body Shop France’s liquidation, buyers are sought for 56 trade premises in France
The Body Shop France was liquidated by court order on July 17, and buyers are now being sought for 56 trade premises around France.
Beauty
Summer Fridays secures strategic growth investment from TSG
Premium skincare and hybrid makeup brand Summer Fridays announced on Thursday a strategic growth investment from TSG Consumer Partners (TSG), a leading private equity firm.
Beauty
Social shopping rises with fashion and beauty top buys - report
Almost half (47%) of UK consumers now shop on social media at least once a month. And that means there’s good news for fashion as 53% of purchases are for clothing, followed by beauty and skincare (34%) and gifts (34%).
Fashion
Key Unilever beauty ops see H1 sales rising
Unilever has reported its first-half results with the giant multinational saying “innovation and brand investment [are] driving faster volume growth”.
Beauty
Estee Lauder names Akhil Shrivastava as CFO
Estee Lauder announced on Tuesday the appointment of Akhil Shrivastava to the role of chief financial officer, effective November 1. He will succeed Tracey Travis, following her decision to retire.
Beauty
L'Occitane to exit Hong Kong stock exchange
French luxury beauty products firm L'Occitane said Tuesday its shares would be removed from the Hong Kong stock exchange after a public offer had received sufficient support.
Beauty
Body Shop exclusive bidder predicts administration exit next month
It’s July and the headlines around The Body Shop since January have been largely negative. But could August bring good news? One man in the hot seat thinks so. He's leading the bid from the Mike Jatania-backed Auréa.
Beauty
Hammerson sells its stake in Bicester Village owner to L Catterton vehicle
Property giant Hammerson has sold its stake in key luxury retail operator Value Retail, which owns Bicester Village among other locations. And the buyer is a unit formed by acquisitive LVMH-back L Catterton.
Fashion
Saudi wealth fund offers to boost stake in Selfridges to 50%
Saudi Arabia’s Public Investment Fund has made an offer that would boost its stake in Selfridges to 50%, according to documents seen by Bloomberg News, after the UK department store’s co-owner fell into insolvency.
Fashion
Walmart names new beauty head
Walmart has appointed Vinima Shekhar to the role of vice president of beauty, succeeding Creighton Kiper, who was named senior vice president of the U.S. retail giant's home category.
Beauty