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Cosmetics

The latest news

Kering names Raffaella Cornaggia managing director of Kering Beauty

Kering names Raffaella Cornaggia managing director of Kering Beauty

Kering said on Friday it was entering the cosmetics business, with the announcement that it has recruited seasoned Estee Lauder executive Raffaella Cornaggia to head the push into the new segment. 
Luxury
Sally Beauty first-quarter sales fall 2.4% on store closures

Sally Beauty first-quarter sales fall 2.4% on store closures

Sally Beauty Holdings Inc. announced net sales of $957 million for the first quarter ended December 31, down 2.4% compared to the prior year, driven primarily by store closures and unfavorable foreign exchange impact.
Beauty
Estée Lauder fears bigger drop in profit on uncertain China recovery

Estée Lauder fears bigger drop in profit on uncertain China recovery

Estee Lauder Cos Inc forecast a bigger drop in full-year profit than it had initially estimated, citing uncertainty around recovery in major market China. 
Beauty
Ariana Grande buying back her cosmetics brand R.e.m. Beauty for $15 million

Ariana Grande buying back her cosmetics brand R.e.m. Beauty for $15 million

American singer Ariana Grande will acquire the assets of her R.e.m. Beauty brand from Forma Brands, her licensee, which has filed for Chapter 11 bankruptcy protection under US law. 
Beauty
E.L.F. says quarterly sales growth continues with 49% uptick, lifts annual guidance

E.L.F. says quarterly sales growth continues with 49% uptick, lifts annual guidance

E.L.F. Beauty announced on Wednesday revenues for the third quarter lifted 49% to $146.5 million, driven by strength in both its retailer and e-commerce channels.  
Beauty
L’Occitane buoyant thanks to Sol de Janeiro’s performance

L’Occitane buoyant thanks to Sol de Janeiro’s performance

In the first nine months of fiscal 2022-23, cosmetics group L’Occitane recorded a 10.6% rise in sales, a performance largely due to the Sol de Janeiro brand, acquired in November 2021.
Beauty
LVMH, L'Oréal, Shiseido said to be vying to buy stake in Aesop

LVMH, L'Oréal, Shiseido said to be vying to buy stake in Aesop

According to Bloomberg, LVMH, L'Oréal and Japanese group Shiseido are competing to buy a stake in Aesop, the much sought-after premium beauty brand owned by Brazilian group Natura & Co.
Beauty
Hein Schumacher is new Unilever CEO

Hein Schumacher is new Unilever CEO

Global beauty and consumer products giant Unilever has announced its new CEO who’s set to take over from outgoing chief Alan Jope on 1 July. And his name? Step forward Hein Schumacher.
Beauty
News analysis: will it be a long road back to profit for Boohoo Group?

News analysis: will it be a long road back to profit for Boohoo Group?

Boohoo has fallen from grace spectacularly since the pandemic. But here's why we shouldn't write it off just yet, even though it might take some time for it to regain its former glory
Fashion
UK's Revolution Beauty names new US president

UK's Revolution Beauty names new US president

UK-based cosmetics and skincare brand Revolution Beauty has promoted Sara Staniford to President of its US operations. She previously held the role of Group Retail Director London.
Beauty
Primark performance justifies stores-only stance as city footfall bounces back

Primark performance justifies stores-only stance as city footfall bounces back

Primark's trading update has revealed more upbeat news with the chain “good in all markets and ahead of expectation”. Total sales and like-for-likes rose in double digits and city centre footfall recovered.
Fashion
Shiseido Americas rejigs leadership

Shiseido Americas rejigs leadership

Shiseido Americas announced on Monday the appointment of Agnes Landau as chief marketing officer, US, a newly created role. 
Beauty
Thirteen Lune raises $8 million for expansion

Thirteen Lune raises $8 million for expansion

Inclusive beauty e-commerce destination Thirteen Lune announced on Thursday that it has raised $8 million in a seed plus investment round with new participation from The BrainTrust Fund. 
Beauty
NYX Professional Makeup launches NFTs to access 'Gorjs'

NYX Professional Makeup launches NFTs to access 'Gorjs'

NYX Professional Makeup has launched a limited collection of NFT access passes that unlocks perks for the world's first beauty decentralized autonomous organization (DAO), dubbed 'Gorjs'. 
Beauty
P&G raises sales forecast on price hikes, sees volumes fall

P&G raises sales forecast on price hikes, sees volumes fall

Procter & Gamble Co raised its full-year sales forecast on Thursday and said it plans to continue raising prices despite a drop in sales volumes, warning that high commodity costs were pressuring profits.
Beauty
​​Positive Luxury interview: biodiversity is the 'new black'; ignoring eco is a business risk

​​Positive Luxury interview: biodiversity is the 'new black'; ignoring eco is a business risk

New laws and changing consumer attitudes make ignoring sustainability a huge business risk, say Positive Luxury's co-CEOs. They also see biodiversity as the key issue for the sector at present.
Fashion