Olaplex Names New CEO
Christoph Kaul will succeed Amanda Baldwin, who led the hair care label through its acquisition by Henkel earlier this year.
conglomerates
Beauty
China’s Biggest Beauty Firm Lays Out Strategy to Rival L’Oréal
Proya reported sales above 10 billion yuan last year, the first Chinese beauty company to do so. Its billionaire founder is now on the hunt for European brands.
China’s Biggest Beauty Firm Lays Out Strategy to Rival L’Oréal
Proya reported sales above 10 billion yuan last year, the first Chinese beauty company to do so. Its billionaire founder is now on the hunt for European brands.
Beauty
Report: Shareholders of Finetoday to Get Payout Funded by $350 Million Goldman Loan
The Japanese personal care company, spun out from Shiseido in 2021, is now said to be mulling the sale of a controlling stake after its failed Tokyo IPO, sources told Bloomberg.
Report: Shareholders of Finetoday to Get Payout Funded by $350 Million Goldman Loan
The Japanese personal care company, spun out from Shiseido in 2021, is now said to be mulling the sale of a controlling stake after its failed Tokyo IPO, sources told Bloomberg.
Beauty
Givaudan Acquires US Perfume Manufacturer Belle Aire Creations
The purchase comes as the Swiss fragrance-maker seeks to strengthen its North American foothold by 2030.
Givaudan Acquires US Perfume Manufacturer Belle Aire Creations
The purchase comes as the Swiss fragrance-maker seeks to strengthen its North American foothold by 2030.
Beauty
P&G Warns of Lagging Year-End Sales
A Procter & Gamble Co. executive said its US sales were down ‘significantly’ in October and probably through November, a cautionary note on American consumers’ spending heading into the holiday season.
P&G Warns of Lagging Year-End Sales
A Procter & Gamble Co. executive said its US sales were down ‘significantly’ in October and probably through November, a cautionary note on American consumers’ spending heading into the holiday season.
Luxury
Unpacking LVMH’s Latest Executive Shuffle
Louis Vuitton CEO Pietro Beccari will also steer the conglomerate’s Fashion Group, as Sidney Toledano steps down from operational responsibilities and Vuitton deputy CEO Damien Bertrand joins the group’s executive committee.
Unpacking LVMH’s Latest Executive Shuffle
Louis Vuitton CEO Pietro Beccari will also steer the conglomerate’s Fashion Group, as Sidney Toledano steps down from operational responsibilities and Vuitton deputy CEO Damien Bertrand joins the group’s executive committee.
Beauty
Eli Lilly Cuts Zepbound Price to Widen Obesity Drug’s Access
The US pharmaceutical giant has lowered the price of single-dose vials of its popular obesity drug Zepbound to make the treatment more affordable for US patients.
Eli Lilly Cuts Zepbound Price to Widen Obesity Drug’s Access
The US pharmaceutical giant has lowered the price of single-dose vials of its popular obesity drug Zepbound to make the treatment more affordable for US patients.
Beauty
LVMH Luxury Ventures Takes Minority Stake in BDK Parfums
With the support of LVMH’s investment arm, the niche French fragrance house plans to expand its international footprint.
LVMH Luxury Ventures Takes Minority Stake in BDK Parfums
With the support of LVMH’s investment arm, the niche French fragrance house plans to expand its international footprint.
Global Markets
How Reliance Retail Rules the Indian Fashion Market
Although it is just one arm of the Ambani family’s $225 billion oil-to-telecoms empire, Reliance has become India’s largest retailer by offering everything from low-cost essentials to luxury goods from Armani to Zegna across multiple formats.
How Reliance Retail Rules the Indian Fashion Market
Although it is just one arm of the Ambani family’s $225 billion oil-to-telecoms empire, Reliance has become India’s largest retailer by offering everything from low-cost essentials to luxury goods from Armani to Zegna across multiple formats.
Retail
Billionaire Zara Heir Stakes Family Fortune on Going Upmarket
Inditex’s flagship brand is trying to elevate its image and capture new growth in a market where Shein and Temu are luring young, budget-conscious shoppers.
Billionaire Zara Heir Stakes Family Fortune on Going Upmarket
Inditex’s flagship brand is trying to elevate its image and capture new growth in a market where Shein and Temu are luring young, budget-conscious shoppers.
Retail
Mytheresa Appoints New CEO
In January, Francis Belin will replace Michael Kliger as chief executive of the German e-tailer. Kliger will remain in his post as CEO of Mytheresa parent company LuxExperience.
Mytheresa Appoints New CEO
In January, Francis Belin will replace Michael Kliger as chief executive of the German e-tailer. Kliger will remain in his post as CEO of Mytheresa parent company LuxExperience.
Beauty
Report: Hong Kong’s CK Hutchison Exploring Sale of Retailer Watson
The holding company is in early stage talks to offload the beauty retail giant, which operates 17,000 stores including Watson pharmacies in Asia and Superdrug stores in the UK, sources told Bloomberg.
Report: Hong Kong’s CK Hutchison Exploring Sale of Retailer Watson
The holding company is in early stage talks to offload the beauty retail giant, which operates 17,000 stores including Watson pharmacies in Asia and Superdrug stores in the UK, sources told Bloomberg.
Luxury
What Happens for Luxury if AI Goes Bust?
Investors are worried about the scale and concentration of US’ AI investment ahead of Nvidia’s earnings Wednesday night. A correction would have big consequences for high-end brands. Plus: Kering’s leaked strategy memo, Azzedine Alaïa’s Dior archive, highlights from BoF VOICES.
What Happens for Luxury if AI Goes Bust?
Investors are worried about the scale and concentration of US’ AI investment ahead of Nvidia’s earnings Wednesday night. A correction would have big consequences for high-end brands. Plus: Kering’s leaked strategy memo, Azzedine Alaïa’s Dior archive, highlights from BoF VOICES.
The News in Brief
Perelel Expands C-Suite, Tapping Rare Beauty’s CMO
Known for its prenatal vitamins, the wellness label has hired Rare Beauty's Ashley Murphy as its chief marketing officer, while Anjelika Temple moves into the chief creative officer role.
Swiss Watch Exports Grow for Fourth Month, Overcoming US Slump
Exports in August were buoyed by China and Japan, despite a sharp decline in shipments to the US.
Alexandre Arnault Joins Nike’s Board of Directors
The LVMH executive joins Nike’s board as the sportswear giant prepares to be removed from the S&P 100 index after nearly two decades.
Matthieu Blazy, Sarah Burton, Haider Ackermann Among Nominees for BFC Designer of the Year
The Fashion Awards ceremony, set for Nov. 30, will also recognise the BFC’s second Vanguard award recipient, recognising emerging British design talent.
Supergoop Announces Chief Commercial Officer
The sunscreen label has appointed former Coty executive Jamie Parker to the newly created role as it gears up to become a “global skin health company.”
Mytheresa Owner’s Sales Rise as Ultra Wealthy Keep Shopping
LuxExperience posted a rise in sales as the luxury multibrand platform’s strategy of catering to the ultra wealthy helped it navigate a difficult environment for high-end fashion.
The Independents Acquires Production Studio Smuggler
The global collective has brought film studio Smuggler under its umbrella to bolster its entertainment capabilities.