Reformation Valued at $886 Million in NYSE Debut
The Permira-backed womenswear retailer and some of its shareholders had raised $211 million in its IPO on Wednesday, with shares opening at $15 apiece.
cosmetics
Beauty
Richemont Creates New Beauty Division, Doubles Down on High-End Fragrance
The luxury group is looking to boost its in-house expertise — a move that could spell trouble for the likes of Coty and Interparfumes, which currently manufactures many of Richemont’s brand fragrances.
Richemont Creates New Beauty Division, Doubles Down on High-End Fragrance
The luxury group is looking to boost its in-house expertise — a move that could spell trouble for the likes of Coty and Interparfumes, which currently manufactures many of Richemont’s brand fragrances.
Beauty
L’Occitane Shares Shed 30% After Owner Shelves Take-Private Deal
L’Occitane’s stock slid to HK$19.70 in early trading after chairman Reinold Geiger’s investment holding company, L’Occitane Groupe SA, decided not to go ahead with a take-private offer it last month said would be worth no less than HK$26.00 a share.
L’Occitane Shares Shed 30% After Owner Shelves Take-Private Deal
L’Occitane’s stock slid to HK$19.70 in early trading after chairman Reinold Geiger’s investment holding company, L’Occitane Groupe SA, decided not to go ahead with a take-private offer it last month said would be worth no less than HK$26.00 a share.
Beauty
Amyris’ Bankruptcy Proceedings Show Significant Drop in Consumer Revenue
The biofuels-turned-beauty company saw consumer brand net sales fall from $175.5 million in 2022 to $59 million as of June 2023.
Amyris’ Bankruptcy Proceedings Show Significant Drop in Consumer Revenue
The biofuels-turned-beauty company saw consumer brand net sales fall from $175.5 million in 2022 to $59 million as of June 2023.
Beauty
Can a Department Store Build Its Own Beauty Brand? Liberty Bets Yes.
The London-based retailer known for its mock Tudor facade has big ambitions for the beauty category with its new LBTY label. First up: a line of high-end fragrances inspired by the retailer’s renowned prints.
Can a Department Store Build Its Own Beauty Brand? Liberty Bets Yes.
The London-based retailer known for its mock Tudor facade has big ambitions for the beauty category with its new LBTY label. First up: a line of high-end fragrances inspired by the retailer’s renowned prints.
Beauty
Why the Business of Beauty Ingredients Is So Hard to Crack
Calls for more sustainable alternatives have created opportunities for makers, but the capital-intensive, often lengthy process of bringing new materials to market represents a huge challenge — especially when consumer-facing brand ambitions are involved.
Why the Business of Beauty Ingredients Is So Hard to Crack
Calls for more sustainable alternatives have created opportunities for makers, but the capital-intensive, often lengthy process of bringing new materials to market represents a huge challenge — especially when consumer-facing brand ambitions are involved.
Beauty
Kylie Jenner Considers Buying Back Coty’s $600 Million Stake in Her Makeup Brand
The beauty mogul’s sister Kim Kardashian is also in talks to buy back the 20 percent stake in her skincare line, SKKN by Kim, that Coty bought for $200 million.
Kylie Jenner Considers Buying Back Coty’s $600 Million Stake in Her Makeup Brand
The beauty mogul’s sister Kim Kardashian is also in talks to buy back the 20 percent stake in her skincare line, SKKN by Kim, that Coty bought for $200 million.
Beauty
Revolution Beauty Appoints New CEO
The makeup company faces accounting investigations and shareholder calls for better management.
Revolution Beauty Appoints New CEO
The makeup company faces accounting investigations and shareholder calls for better management.
Beauty
E.l.f. Acquires Naturium in $355 Million Bet on Skin Care
The purchase of the high-growth indie label marks the company’s first M&A deal since 2020.
E.l.f. Acquires Naturium in $355 Million Bet on Skin Care
The purchase of the high-growth indie label marks the company’s first M&A deal since 2020.
Beauty
Brazil’s Natura Mulls Sale of The Body Shop
Brazilian cosmetics maker Natura &Co on Monday said its board of directors had authorised the company to search for “strategic alternatives” for its subsidiary The Body Shop, including a potential sale of the business.
Brazil’s Natura Mulls Sale of The Body Shop
Brazilian cosmetics maker Natura &Co on Monday said its board of directors had authorised the company to search for “strategic alternatives” for its subsidiary The Body Shop, including a potential sale of the business.
Beauty
The Luxury Brands Pushing the Upper Limit of What Makeup Can Cost
Designer houses are marketing formerly disposable beauty products into collectibles, with prices to match. Welcome to the age of $500 lipstick.
The Luxury Brands Pushing the Upper Limit of What Makeup Can Cost
Designer houses are marketing formerly disposable beauty products into collectibles, with prices to match. Welcome to the age of $500 lipstick.
Beauty
Leonard Lauder Steps Down From Estée Lauder Board of Directors
Leonard A. Lauder, the billionaire heir to the Estée Lauder Companies cosmetics fortune, plans to step down from the company’s board of directors in November of this year.
Leonard Lauder Steps Down From Estée Lauder Board of Directors
Leonard A. Lauder, the billionaire heir to the Estée Lauder Companies cosmetics fortune, plans to step down from the company’s board of directors in November of this year.
Beauty
Can Gen-Z Save Marc Jacobs Again?
Heaven, the designer label’s lower priced diffusion line that leans on grunge, rave and Y2K, has been a hit with younger shoppers. Marc Jacobs Beauty, under Coty, should follow its lead.
Can Gen-Z Save Marc Jacobs Again?
Heaven, the designer label’s lower priced diffusion line that leans on grunge, rave and Y2K, has been a hit with younger shoppers. Marc Jacobs Beauty, under Coty, should follow its lead.
The News in Brief
Puig Reports First-Half Revenue Growth After Estee Lauder Talks End
The Spanish beauty company reported first-half revenue growth on strong demand for makeup from Charlotte Tilbury.
Canada Goose Beats Revenue Estimates as Demand Holds Up
The outerwear brand beat expectations for first-quarter revenue, but new US tariffs on Canadian could affect future earnings.
Steven Madden Tops Expectations and Lifts Full-Year Outlook
The retailer raised its full-year revenue forecast again as its integration of luxury brand Kurt Geiger last year provided a tailwind.
Reformation and Its Backers Raise $210.9 Million in IPO
The womenswear brand and shareholders including private-equity backer Permira raised new funds in an IPO that priced shares at the bottom of the marketed range.
Adidas Shares Plunge After World Cup Spend Dents Profit
Shares in the company fell the most on record after its marketing outlay for the World Cup resulted in lower-than-expected quarterly profit.
British Fashion Council to Boost UK Fashion Beyond London
The new national initiative, Fashion Britain, aims to increase growth, innovation and participation in the industry across key cities.
Hermès’ Chief Watches China’s Pork Prices to Gauge Luxury Demand
When it comes to gauging the possibility of a sales rebound for his luxury group in China, Hermès executive chairman Axel Dumas turns to an unusual metric.