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Cosmetics

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Richemont recommends shareholders vote against board candidate Trapani

Richemont recommends shareholders vote against board candidate Trapani

Richemont has asked shareholders to reject a candidate from Bluebell Capital Partners as a representative of ordinary shareholders and vote against his election to the luxury group's board at its upcoming AGM.
Luxury
Eurozone retail sales drop more than expected in June as prices rise

Eurozone retail sales drop more than expected in June as prices rise

Euro zone retail sales plunged more than expected in June as prices at factory gates continued to rise, data showed Wednesday, signalling a weakness in consumer demand that could herald a recession in H2.
Fashion
Revlon gets court approval for $1.4 billion bankruptcy loan

Revlon gets court approval for $1.4 billion bankruptcy loan

​Revlon received a US bankruptcy judge's permission Monday to proceed with a $1.4bn loan, over an objection by some creditors who argued its terms could block their chance to recover anything from the firm's bankruptcy.
Beauty
Estée Lauder is in talks to acquire Tom Ford brand - report

Estée Lauder is in talks to acquire Tom Ford brand - report

​Cosmetics giant Estée Lauder Cos Inc is reportedly in talks to acquire ultra-luxury brand Tom Ford. If it does, it could be a $3 billion deal, the Wall Street Journal said at the start of August, citing sources.
Fashion
British beauty brand Tropic launches first major ad campaign

British beauty brand Tropic launches first major ad campaign

Tropic has chosen the London Underground for its first large-scale ad campaign. The British beauty brand has launched the ‘Nice To Meet You’ tube campaign, which aims to share its products with a broader audience.
Beauty
Sales and profit boom at Hermès in H1, China bounces back at end of period

Sales and profit boom at Hermès in H1, China bounces back at end of period

​Hermès saw a sales boom in Q2 as — like its luxury peers — it enjoyed strong growth in Europe and the US with China also recovering during June towards the end of the quarter.
Luxury
L’Oreal may continue to raise prices in a targeted manner, CEO says

L’Oreal may continue to raise prices in a targeted manner, CEO says

L'Oreal may continue to raise prices in the second half of the year to offset rising production costs, but would do so in a very targeted manner, the cosmetics group's CEO said on Thursday.
Beauty
Lush invests €8.9 million in store network

Lush invests €8.9 million in store network

British beauty retailer Lush is placing physical retail at the heart of its strategy, and announced an €8.9 million investment to expand and renovate its European stores.
Beauty
L'Occitane reports a 15.8% increase in sales in the first quarter

L'Occitane reports a 15.8% increase in sales in the first quarter

During the first quarter of its fiscal year that closed on June 30, the L'Occitane group recorded sales of €416 million, up 15.8% at constant exchange rates.
Beauty
L'Oreal bucks trend with Chinese sales growth in Q2

L'Oreal bucks trend with Chinese sales growth in Q2

Cosmetics group L'Oreal bucked a declining trend for the luxury and fashion industry in China with sales growing in the second quarter despite COVID lockdowns, as the make-up market rebounds.
Beauty
Superdrug adds more prestige brands as beauty sales rise strongly

Superdrug adds more prestige brands as beauty sales rise strongly

Superdrug is upping its high-end beauty credentials, adding seven new premium brands and 102 product lines to its retail portfolio, “reinforcing plans to further build market share through its premium beauty strategy”.
Beauty
Glossier arrives at Sephora in the US and Canada

Glossier arrives at Sephora in the US and Canada

Having so far favored direct sales, the American beauty brand is arriving at Sephora stores in the U.S. and Canada, and is expanding its network of boutiques. 
Beauty
Unilever's first half is strong for prestige beauty

Unilever's first half is strong for prestige beauty

​Unilever’s first-half report on Tuesday showed rising sales, with inflation a big factor in that as the company was largely able to pass on price rises to consumers.
Beauty
Pitti Fragranze back in Florence with 140 exhibitors, special guest Alessandro Gualtieri

Pitti Fragranze back in Florence with 140 exhibitors, special guest Alessandro Gualtieri

The 20th edition of Pitti Fragranze, the trade show of the creative perfumery sector, entitled ‘The 5 Senses Issue’ and featuring 140 international exhibitors, will be held in Florence on September 16-18.
Beauty
K11 unveils plans for new Shenzhen retail precinct

K11 unveils plans for new Shenzhen retail precinct

K11 Group this month announced plans for a new harbourfront complex in China's Shenzhen, as the New World Group-owned brand and retail developer continues to expand across mainland China. 
Fashion
Halsey launches second beauty brand AF94

Halsey launches second beauty brand AF94

Singer Halsey announced this month the upcoming launch of her second beauty brand, set for retail release in Walmart July 25. 
Beauty