L’Oréal Steals French Stock Market Crown From LVMH
The cosmetics group became France’s most valuable listed company on Tuesday, the first time since 2017 that a non-luxury company has claimed the top spot at the end of a trading day.
conglomerates
Beauty
Estée Lauder CEO Says the Price Wasn’t Right for Puig
At a conference in Paris, Lauder CEO Stéphane de La Faverie spoke about the company’s M&A outlook and the reason its Puig merger talks fell through.
Estée Lauder CEO Says the Price Wasn’t Right for Puig
At a conference in Paris, Lauder CEO Stéphane de La Faverie spoke about the company’s M&A outlook and the reason its Puig merger talks fell through.
Beauty
Only the Fastest Innovators Are Winning in Beauty
Shoppers’ thirst for beauty is strong, as conglomerates’ recent earnings reports show. But the major players must find fresh ways to make their assortments stand out from the pack.
Only the Fastest Innovators Are Winning in Beauty
Shoppers’ thirst for beauty is strong, as conglomerates’ recent earnings reports show. But the major players must find fresh ways to make their assortments stand out from the pack.
Beauty
Why the Estée Lauder and Puig Deal Collapsed
The much-telegraphed potential merger fell apart after months of negotiations, the two companies confirmed on Thursday, as they face up to the limits of their strengths and weaknesses.
Why the Estée Lauder and Puig Deal Collapsed
The much-telegraphed potential merger fell apart after months of negotiations, the two companies confirmed on Thursday, as they face up to the limits of their strengths and weaknesses.
Beauty
Lilly’s Next-Gen Weight Loss Shot Cuts Body Weight by 28% in Study
Nearly half of patients who got a high dose of Eli Lilly's experimental obesity shot retatrutide lost the equivalent weight of bariatric surgery, sending the drugmaker's shares up in premarket trading.
Lilly’s Next-Gen Weight Loss Shot Cuts Body Weight by 28% in Study
Nearly half of patients who got a high dose of Eli Lilly's experimental obesity shot retatrutide lost the equivalent weight of bariatric surgery, sending the drugmaker's shares up in premarket trading.
Beauty
Report: Charlotte Tilbury Complicates Estée Lauder-Puig Merger Talks
According to Spanish newspaper Expansión, the founder of the British cosmetics brand’s desire to renegotiate her earn-out and compensation structure has stalled merger discussions.
Report: Charlotte Tilbury Complicates Estée Lauder-Puig Merger Talks
According to Spanish newspaper Expansión, the founder of the British cosmetics brand’s desire to renegotiate her earn-out and compensation structure has stalled merger discussions.
Beauty
The Ordinary’s Stunts Are Getting Bolder. How Far Can They Go?
The Estée Lauder-owned skincare brand is staging immersive, local pop-ups all over the world. Its newest, in New York, may be one of its most audacious yet.
The Ordinary’s Stunts Are Getting Bolder. How Far Can They Go?
The Estée Lauder-owned skincare brand is staging immersive, local pop-ups all over the world. Its newest, in New York, may be one of its most audacious yet.
Sustainability
The Great Sustainability Rebrand
At this year’s Global Fashion Summit, the industry reframed sustainability around its financial value and presented it as a business survival strategy.
The Great Sustainability Rebrand
At this year’s Global Fashion Summit, the industry reframed sustainability around its financial value and presented it as a business survival strategy.
Beauty
Mcobeauty Parent Company Appoints Global CEO
Australian beauty company DBG Health, parent of popular dupe brand MCo Beauty, has appointed former Stila chief executive Michelle Kluz as its global CEO.
Mcobeauty Parent Company Appoints Global CEO
Australian beauty company DBG Health, parent of popular dupe brand MCo Beauty, has appointed former Stila chief executive Michelle Kluz as its global CEO.
Beauty
Puig Sales Growth Slows Despite Stable Revenue
The parent company of Byredo and Charlotte Tilbury reported softened sales growth in the US and Europe as demand for niche fragrances cools.
Puig Sales Growth Slows Despite Stable Revenue
The parent company of Byredo and Charlotte Tilbury reported softened sales growth in the US and Europe as demand for niche fragrances cools.
Retail
Primark to Spin Off From AB Foods Into Standalone Company
Associated British Foods Plc will break up one of the UK’s biggest conglomerates in a move many in the market believed the billionaire controlling Weston family would never consider.
Primark to Spin Off From AB Foods Into Standalone Company
Associated British Foods Plc will break up one of the UK’s biggest conglomerates in a move many in the market believed the billionaire controlling Weston family would never consider.
Beauty
Report: Estée Lauder Seeks €5 Billion Funding for Puig Deal
The US cosmetics giant has hired JP Morgan to take the lead on structuring a finance package of about €5 billion to fund its potential tie-up with Puig.
Report: Estée Lauder Seeks €5 Billion Funding for Puig Deal
The US cosmetics giant has hired JP Morgan to take the lead on structuring a finance package of about €5 billion to fund its potential tie-up with Puig.
Beauty
Japanese Culture Is Global. Why Isn’t J-Beauty?
The nation is a major exporter of entertainment, fashion and cuisine, but its skincare and cosmetics output has contracted recently as global competitors have gained.
Japanese Culture Is Global. Why Isn’t J-Beauty?
The nation is a major exporter of entertainment, fashion and cuisine, but its skincare and cosmetics output has contracted recently as global competitors have gained.
The News in Brief
Authentic Brands Targets Creator Economy, Eyes Public Offering
The licensor could pursue an IPO as early as the first half of next year.
Vogue Mexico and Latin America Editor-in-Chief Karla Martinez de Salas to Step Down
The industry veteran is joining Latino-focused media platform Avance Global to establish a new lifestyle brand that will span fashion, design, travel, food, culture and entertainment.
Prada Revamps Milan Flagship to Cater to Top Clients and New Shoppers
The group is hoping the renovated eight-level complex can generate €100 million in annual revenue, chief executive Andrea Guerra told Reuters.
JD Sports Names New North America CEO, Chief Marketing Officer
The sneaker retailer is shaking up its North American leadership as it looks to reverse soft sales and an extended slump in the stock market.
Top Africa Clothes Retailer Pepkor Sinks on Earnings Outlook
Shares in the South African discount clothing retailer fell the most in more than three years, as an expansion into banking weighed on profit forecasts.
Kimberly-Clark Prepares Asset Sales to Win EU Nod for Kenvue Deal
The US consumer goods giant is preparing concessions to address EU antitrust concerns about its bid for Tylenol maker Kenvue that could help it win approval for the $40 billion deal, sources told Reuters.
Kevin.Murphy Appoints New CEO
The Australian hair care brand has named Elisa Fischer its new global chief executive as it looks to push deeper into international markets.