The American consumer goods conglomerate announced second-quarter profits that beat analysts’ expectations on Thursday, but posted revenues that came in under estimates, despite strong growth in health care and beauty.
Luxury Brand Partners, an incubator of cult-favorite brands like Becca Cosmetics, Oribe Hair Care and Pulp Riot, said the investment is part of a larger growth plan set to include several new brand launches.
The consumer products conglomerate and its ethnic beauty-focused subsidiary have teamed up to launch Emerge, a new brand that aims to empower multicultural Gen-Z women with affordable textured hair care products.
The beauty retailer revealed its brand relaunch on Tuesday, unveiling a new brand identity and multimedia campaign, as well as a revitalized store experience in certain locations and new influencer and rewards programs.
Rising sales but falling profits were a feature of Space NK's latest financial year. But analysts were impressed with its overall performance as it made the most of opportunities both in stores and online.
The boss of Harrods said the retailer is “well placed to take advantage of” the younger shopper who wants “to have really great quality beauty” and is upbeat about the chances for the firm’s new beauty chain.
The Brazilian cosmetics conglomerate has announced that its shares have begun trading on São Paulo’s B3 stock exchange, an important development in the corporate restructuring linked to the company’s acquisition of Avon.
The Brazilian beauty conglomerate announced on Tuesday that three new members will be joining its board of directors from Avon when it closes its acquisition of the company in the first quarter of 2020.