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Cross-border shopping: luxury grows fastest, but customer service must improve

Cross-border shopping: luxury grows fastest, but customer service must improve

The pandemic and Brexit issues may have dented cross-border shopping in recent periods, but the channel is bouncing back and luxury is fuelling that comeback, a new reports shows.
Luxury
Chinese make-up market to reach US$8.9 billion by 2025

Chinese make-up market to reach US$8.9 billion by 2025

China's make-up market is projected to grow from US$5.9 billion in 2020 to US$8.9 billion by 2025 at a compound annual growth rate (CAGR) of 8.3 percent through 2025. 
Beauty
L'Occitane International names André Hoffmann as new CEO

L'Occitane International names André Hoffmann as new CEO

There's been a change in leadership at L'Occitane International. After 25 years at the head of the beauty group, Reinold Geiger has handed the reins over to André Hoffmann. 
Beauty
Hut Group sales soar again, THG Beauty to be listed separately

Hut Group sales soar again, THG Beauty to be listed separately

The Hut Group continued to go from strength to strength in the first half of the year with group revenue rising almost 45% to £958.8 million year-on-year, and rising 95% compared to the first six months of 2019 (2YoY).
Fashion
John Lewis sales improve but profits remain muted

John Lewis sales improve but profits remain muted

John Lewis Partnership’s half-year report on Thursday showed an improvement on the prior-year period but its results were still far below some of the figures it produced just a few years ago.
Fashion
The Honest Company names Pete Gerstberger chief digital and strategy officer

The Honest Company names Pete Gerstberger chief digital and strategy officer

The Honest Company announced on Wednesday the appointment of Pete Gerstberger as chief digital and strategy officer. 
Beauty
H&M Q3 sales rise, now back at 2019 levels

H&M Q3 sales rise, now back at 2019 levels

H&M Group’s Q3 sales rose 14% year-on-year (YoY), the Swedish fashion retail giant said on Wednesday. That said, the figure was in local currencies and when converted to Swedish Krona, the rise was only 9%.
Fashion
Inditex is "early winner" in post-Covid world as sales bounce back

Inditex is "early winner" in post-Covid world as sales bounce back

Fashion retail giant Inditex said on Wednesday that its recovery is continuing to gain momentum with its sales, EBITDA and net income in the second quarter of its financial year reaching "historic highs”.
Fashion
Beauty products supplier Knowlton targets over $3 billion valuation in U.S. IPO

Beauty products supplier Knowlton targets over $3 billion valuation in U.S. IPO

Knowlton Development Corp said on Tuesday it was looking to raise up to $857.14 million through a U.S. initial public offering, valuing the manufacturer for beauty, personal and home care brands at more than $3 billion.
Beauty
Katherine Power's Merit beauty brand secures $20 million investment led by L Catterton

Katherine Power's Merit beauty brand secures $20 million investment led by L Catterton

The minimalist beauty brand launched by Who What Wear co-founder Katherine Power earlier this year has announced that it has completed a $20 million Series A funding round led by LVMH-backed L Catterton.
Beauty
Expanding ​Secret Sales names ‘dream team’ of six new star execs

Expanding ​Secret Sales names ‘dream team’ of six new star execs

Premium e-commerce marketplace Secret Sales has hired six “star” senior execs with impressive track records at some of fashion’s biggest names. They’re filling new positions as it expands at home and abroad.
Luxury
Mytheresa hails enduring change in shopper habits as Q4 and full year boom

Mytheresa hails enduring change in shopper habits as Q4 and full year boom

Mytheresa has reported another strong quarter and year and even outperformed its own expectations. Q4 saw “exceptional net sales growth” and the full year was ahead of both 2020 and 2019.
Luxury
L'Oréal names Emmanuel Goulin head of luxury division in Italy

L'Oréal names Emmanuel Goulin head of luxury division in Italy

Formerly the general manager of L’Oréal’s travel retail division for Asia-Pacific, Emmanuel Goulin has replaced Luca Guillot Boschetti as head of the group’s luxury division in Italy.
Beauty
BFC names three 'Changemakers' prize winners

BFC names three 'Changemakers' prize winners

John Hickling, Cyndia Harvey and Andrew Kenny. These are the three winners of the British Fashion Council (BFC) ‘Changemakers Prize in Partnership with Swarovski’, chosen out of over 500 entrants.
Fashion
Beauty Pie raises $100 million in new funding round

Beauty Pie raises $100 million in new funding round

Luxury beauty buyers' club Beauty Pie announced on Wednesday that it has closed a Series B financing round of $100 million, bringing its total funding to date to approximately $170 million.
Beauty
France's Interparfums sees first half boosted by US operations

France's Interparfums sees first half boosted by US operations

The French fragrance specialist saw its sales rise 11.7% in the first half of the fiscal year, growth driven by North America, where revenues increased 54% to 101.3 million euros in the period. 
Beauty