Hermès Sales Climb, Boosted By US
Hermès second quarter sales rose 7 percent, lifted by a recovery in tourism in Europe and strong demand in the US.
Clichy, France
Beauty
L’Oréal Names Nicolas Hieronimus as Next CEO
The 33-year L’Oréal veteran is currently deputy CEO and will take over on May 1.
L’Oréal Names Nicolas Hieronimus as Next CEO
The 33-year L’Oréal veteran is currently deputy CEO and will take over on May 1.
Beauty
L’Oréal to Close Some Stores, Cut 400 Jobs Amid Luxury Shift
The cosmetics maker's Luxe Division plans to shift investment to e-commerce over the next six months.
L’Oréal to Close Some Stores, Cut 400 Jobs Amid Luxury Shift
The cosmetics maker's Luxe Division plans to shift investment to e-commerce over the next six months.
Workplace & Talent
L’Oreal Is Set to Name New CEO Soon. Here’s a Shortlist
Current chief executive Jean-Paul Agon, who is stepping down next year when he turns 65, told Bloomberg that the cosmetics giant will announce his successor “pretty soon.”
L’Oreal Is Set to Name New CEO Soon. Here’s a Shortlist
Current chief executive Jean-Paul Agon, who is stepping down next year when he turns 65, told Bloomberg that the cosmetics giant will announce his successor “pretty soon.”
Beauty
L’Oréal Considers Cut to Ad Spend on TikTok Over Privacy Issues
The cosmetics company said it is 'monitoring the situation very closely' and that it will adjust its policy accordingly.
L’Oréal Considers Cut to Ad Spend on TikTok Over Privacy Issues
The cosmetics company said it is 'monitoring the situation very closely' and that it will adjust its policy accordingly.
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Beauty
L'Oréal Cancels 10.4% Dividend Increase
The beauty group will instead stick to the same payout per share it made in 2019.
L'Oréal Cancels 10.4% Dividend Increase
The beauty group will instead stick to the same payout per share it made in 2019.
Beauty
L'Oréal Banks on Post-Lockdown Rush to Hair Salons
The cosmetics company has so far seen a 4.8 percent fall in comparable first-quarter sales.
L'Oréal Banks on Post-Lockdown Rush to Hair Salons
The cosmetics company has so far seen a 4.8 percent fall in comparable first-quarter sales.
News & Analysis
Californian Start-Up Born in a Garage Beats L’Oréal in Patent Feud
After Olaplex accused L’Oréal of stealing trade secrets in 2015, the french beauty company may now face charges up to $91.3 million.
Californian Start-Up Born in a Garage Beats L’Oréal in Patent Feud
After Olaplex accused L’Oréal of stealing trade secrets in 2015, the french beauty company may now face charges up to $91.3 million.
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The News in Brief
Shein Discloses FTC Probe in US, Warns of Significant Payments
According to documents the ultra-fast-fashion company filed in connection with its planned Hong Kong IPO, Shein is cooperating with the investigation and could face significant fines.
Frasers Group Takes a Position in Burberry
The billionaire Mike Ashley’s investment arm disclosed Tuesday it holds an interest worth a potential 4.2 percent of the voting rights in Burberry.
EssilorLuxottica Beats Forecasts, AI Glasses and Myopia Products Drive Growth
The Franco-Italian eyewear maker reported a 15 percent rise in first-half profit, beating expectations, while revenue growth was driven by strong demand for AI-enabled glasses myopia products.
Whoop Names Kyle Leahy Chief Commercial Officer
Leahy joins the wearables brand from Glossier, where she was chief executive for three years.
Chinese Jeweller Laopu Gold’s Shares Drop on Growth Outlook
The jeweller lost $2.1 billion in market value after forecasting first-half 2026 revenue growth of up to 66 percent, a sharp slowdown from last year that unsettled investors in one of China’s most viral consumer brands.
Unilever Lifts Outlook on Strongest Volume Growth in Over A Decade
Unilever upgraded its annual forecast on Tuesday, as consumers reached for brands like Vaseline and Dove despite household budget concerns stemming from the Iran war.
J&J to Pay $5.5 Billion to Settle Talc-Related Cancer Claims
Johnson & Johnson on Monday said it agreed to a $5.5 billion commitment to resolve years of litigation related to claims that its talc products caused ovarian cancer.