Piper Jaffray has downgraded New York-based cosmetics company Estée Lauder from overweight to neutral, citing the changing beauty habits of teenagers, who are opting for more minimal makeup looks and one-stop products.
The cosmetics group has announced that Sejal Shah Miller has joined the company as senior vice president and global general manager of Smashbox, while Arnaud Goullin has been appointed to the same role at GlamGlow.
L'Oreal's virtual reality business ModiFace will provide make-up testing technology to Amazon, the French beauty group said on Tuesday, allowing users to try on lipsticks using mobile phone videos or photos.
Marimekko had a reasonably good 2018. It saw sales rising 9% last year and comparable operating profit was up by 42%, but the fourth quarter on the surface appeared to be more challenging with sales broadly flat.