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
Luxury
LVMH’s Watch Unit Takes Minority Stake in La Joux-Perret
The move deepens LVMH’s partnership with the high-end Swiss watch movement and component manufacturer.
LVMH’s Watch Unit Takes Minority Stake in La Joux-Perret
The move deepens LVMH’s partnership with the high-end Swiss watch movement and component manufacturer.
Beauty
Shiseido Cuts Forecast, Announces New 2030 Strategy and Leadership
The Japanese conglomerate’s sales dipped to a nine month low in its latest earnings, which accompanied sweeping changes to leadership and the unveiling of its newest action plan.
Shiseido Cuts Forecast, Announces New 2030 Strategy and Leadership
The Japanese conglomerate’s sales dipped to a nine month low in its latest earnings, which accompanied sweeping changes to leadership and the unveiling of its newest action plan.
Beauty
Novo Nordisk Bows Out of Metsera Takeover Battle
The Ozempic maker’s shares rose after Novo withdrew from a $10 billion takeover battle with Pfizer over obesity drug developer Metsera.
Novo Nordisk Bows Out of Metsera Takeover Battle
The Ozempic maker’s shares rose after Novo withdrew from a $10 billion takeover battle with Pfizer over obesity drug developer Metsera.
Luxury
Is China’s Luxury Market Ready to Rebound?
The short answer is yes — but it won’t soon return to its pre-pandemic growth rates. After two years of turbulence, the market remains shaky, and brands will need to earn every sale.
Is China’s Luxury Market Ready to Rebound?
The short answer is yes — but it won’t soon return to its pre-pandemic growth rates. After two years of turbulence, the market remains shaky, and brands will need to earn every sale.
Beauty
Kao Sales Lift 3.5% Against Cosmetics Business Reset
The Japanese conglomerate and Bioré owner’s latest earnings show early gains from its new strategy to drive beauty growth.
Kao Sales Lift 3.5% Against Cosmetics Business Reset
The Japanese conglomerate and Bioré owner’s latest earnings show early gains from its new strategy to drive beauty growth.
Beauty
Pfizer Loses Legal Bid to Block Novo’s Metsera Offer
A judge denied Pfizer’s request to temporarily block Novo Nordisk’s $10 billion bid to acquire the obesity startup Metsera Inc., saying the US pharmaceutical company’s objections to the deal don’t warrant a delay.
Pfizer Loses Legal Bid to Block Novo’s Metsera Offer
A judge denied Pfizer’s request to temporarily block Novo Nordisk’s $10 billion bid to acquire the obesity startup Metsera Inc., saying the US pharmaceutical company’s objections to the deal don’t warrant a delay.
Beauty
Coty Stares Into a Gucci-less Void
L’Oréal is set to take over the coveted Gucci license in a few short years, but losing a key brand is just one of the US conglomerate’s woes.
Coty Stares Into a Gucci-less Void
L’Oréal is set to take over the coveted Gucci license in a few short years, but losing a key brand is just one of the US conglomerate’s woes.
Beauty
Coty Revenues Drop 6%, Forecasts Second-Quarter Sales at Top End of Guidance
The American cosmetics giant said demand for core fragrances from Chloé and Hugo Boss had insulated it from a further decline, and expects a return to growth in the second half of its fiscal year.
Coty Revenues Drop 6%, Forecasts Second-Quarter Sales at Top End of Guidance
The American cosmetics giant said demand for core fragrances from Chloé and Hugo Boss had insulated it from a further decline, and expects a return to growth in the second half of its fiscal year.
Beauty
Novo Cuts Outlook Once Again, Highlighting Obesity Struggles
The Ozempic and Wegovy maker pared its forecast for a fourth time this year on lagging sales of its blockbuster drugs, underscoring the urgency facing its new chief executive.
Novo Cuts Outlook Once Again, Highlighting Obesity Struggles
The Ozempic and Wegovy maker pared its forecast for a fourth time this year on lagging sales of its blockbuster drugs, underscoring the urgency facing its new chief executive.
Beauty
What Next for Kenvue’s Beauty Brands?
The future of big-name brands like Neutrogena, Clean & Clear and Aveeno, which bring more than $4 billion a year in sales, is less clear under its new ownership by the tissue and feminine care giant Kimberly-Clark.
What Next for Kenvue’s Beauty Brands?
The future of big-name brands like Neutrogena, Clean & Clear and Aveeno, which bring more than $4 billion a year in sales, is less clear under its new ownership by the tissue and feminine care giant Kimberly-Clark.
Series
Kimberly-Clark to Buy Tylenol Owner Kenvue in $40 Billion Deal
Kimberly-Clark Corp. agreed to buy Kenvue Inc. in a cash and stock deal that values the consumer-health company that owns brands like Tylenol at about $40 billion.
Kimberly-Clark to Buy Tylenol Owner Kenvue in $40 Billion Deal
Kimberly-Clark Corp. agreed to buy Kenvue Inc. in a cash and stock deal that values the consumer-health company that owns brands like Tylenol at about $40 billion.
Beauty
Novo Nordisk Offers $9 Billion Unsolicited Bid for Obesity Drug Maker Metsera
The Danish pharmaceutical company, which makes Ozempic and Wegovy, made a surprise offer for the US firm after Pfizer acquired it for $4.9 billion in September.
Novo Nordisk Offers $9 Billion Unsolicited Bid for Obesity Drug Maker Metsera
The Danish pharmaceutical company, which makes Ozempic and Wegovy, made a surprise offer for the US firm after Pfizer acquired it for $4.9 billion in September.
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.