Perfume Maker Givaudan’s Sales Beat Estimates, Tariff Paybacks Weigh on Shares
Givaudan’s second-quarter organic sales came in ahead of market estimates on Thursday, but its shares fell 5 percent on litigation costs and tariff repayments.
conglomerates
Beauty
How Tariffs Are Reshaping the Fragrance Boom
US-imposed tariffs were blamed for slowdowns in the earnings reports of several prominent fragrance makers, but the full picture of what’s next for the category goes a little deeper.
How Tariffs Are Reshaping the Fragrance Boom
US-imposed tariffs were blamed for slowdowns in the earnings reports of several prominent fragrance makers, but the full picture of what’s next for the category goes a little deeper.
Beauty
Lilly’s Experimental Shot Reduces Body Weight by 23%
A next-generation obesity shot from Eli Lilly, retatrutide, helped patients lose almost a quarter of their body weight in a late-stage study.
Lilly’s Experimental Shot Reduces Body Weight by 23%
A next-generation obesity shot from Eli Lilly, retatrutide, helped patients lose almost a quarter of their body weight in a late-stage study.
Beauty
CVC Plans Sale of Japan’s FineToday After Scrapped IPO
The private equity firm is seeking $2 billion for the personal care firm, after acquiring it from Shiseido in 2021 for $1.5 billion.
CVC Plans Sale of Japan’s FineToday After Scrapped IPO
The private equity firm is seeking $2 billion for the personal care firm, after acquiring it from Shiseido in 2021 for $1.5 billion.
Beauty
L’Oréal to Double Galderma Stake
The French beauty giant increased its share in the Swiss skincare company to 20 percent after buying up investor shares.
L’Oréal to Double Galderma Stake
The French beauty giant increased its share in the Swiss skincare company to 20 percent after buying up investor shares.
Beauty
Estée Lauder Driving Growth With New Brands and Global Focus, said CEO
The US beauty giant is focused on expanding market share and increasing sales by developing new brands, Stéphane de La Faverie said on Thursday.
Estée Lauder Driving Growth With New Brands and Global Focus, said CEO
The US beauty giant is focused on expanding market share and increasing sales by developing new brands, Stéphane de La Faverie said on Thursday.
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.
The News in Brief
Trump to Impose Forced Labour Duties on Friday as Temporary 10% US Tariffs Expire
The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February struck down his ‘reciprocal’ duties.
LVMH Appoints General Manager of Fragrance
Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.
India Changes Rule in Win for Foreign E-Commerce Companies
In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.
Skincare Brand Prequel Appoints C-Suite
The dermatologist-developed label has named Nathalie Kristo as its first chief executive officer and Toral Patel as chief marketing officer.
Moncler Group Second-Quarter Sales Rise 5% as Stone Island Brand Outperforms
Stone Island’s strong performance helped offset slower growth at the Moncler brand, as the group continues its push to become less dependent on its iconic winter outerwear.
Mulberry Quarterly Sales Jump 23% as Turnaround Gathers Pace
The British luxury handbag maker reported a strong start to fiscal 2027 as CEO Andrea Baldo’s strategy gains traction and the brand gears up for designer Christopher Kane’s runway debut in September.
Phillip Lim Announces New Brand PlayLoveWin
The designer departed his namesake label 3.1 Phillip Lim in November 2024 to pursue personal projects.