Beauty
The latest news
H&M's profit tumbles more than expected as costs bite
Sweden's H&M reported on Friday a much larger than expected drop in September-November profit, hit by weak consumer confidence and soaring costs that it did not fully pass on to price tags.
Fashion
ASOS names key finance exec to team
ASOS is doubling down on its efforts to kickstart its recovery and has reportedly appointed a senior restructuring executive to its finance department, as it continues to talk to its syndicate of lenders.
Fashion
Bed Bath & Beyond gets loan default notice from JPMorgan
Bed Bath & Beyond Inc said on Thursday it had received a notice of default on its loan from JPMorgan Chase Bank N.A., triggering a 22% slump in its shares.
Beauty
Clare Vivier on her next store opening and strategy for her brand Clare V.
Los Angeles-based designer Clare Vivier will open her fourteenth Clare V.'s boutique in Washington D.C. at the end of spring. FashionNetwork.com sat down with her to talk about strategies and projects with her brand.
Luxury
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
WGSN owner to put trends business up for sale
WGSN and Cannes Lions owner Ascential delivered a strong trading update Wednesday, but also announced surprise news: its WGSN trends service is up for sale following a strategic review that it launched last spring.
Fashion
Flavour maker Givaudan beats earnings forecasts in a tough year
Swiss fragrance and flavour maker Givaudan on Wednesday reported better-than-expected earnings for a year characterized by high input costs and supply chain disruptions.
Beauty
Board member Sanders becomes THG CFO, Gallemore moves to COO
There’s been an executive reshuffle at the THG Group. Damian Sanders has been appointed Chief Financial Officer with immediate effect. That comes as previous CFO John Gallemore now becomes Chief Operating Officer.
Beauty
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'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
Inter Parfums posts record fourth-quarter sales, annual sales up double-digits
Inter Parfums Inc. announced on Monday double-digit revenue growth the full-year 2022, on the back of record fourth-quarter sales at the global perfume maker and licensor.
Beauty
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
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 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
Harrods latest takeover is with Louis Vuitton and Yayoi Kusama
Fresh from its Dior store takeover, Harrods is celebrating a major new collaboration between LVMH stablemate Louis Vuitton and Japanese fine artist Yayoi Kusama in a big way.
Luxury
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