On Sneaker Brand’s Shares Slump After Sales Disappoint
The Swiss brand's stock tumbled after it posted disappointing second-quarter sales and issued a slightly more cautious sales forecast for the year.
cosmetics
Beauty
Boots in Store for $10 Billion Sale as Bid Deadline Looms
Britain’s largest drugstore chain Boots has set a Feb. 24 deadline to receive indicative bids from a series of deep-pocketed investors that could value the 173-year-old firm at up to £8 billion ($10.88 billion), two sources told Reuters.
Boots in Store for $10 Billion Sale as Bid Deadline Looms
Britain’s largest drugstore chain Boots has set a Feb. 24 deadline to receive indicative bids from a series of deep-pocketed investors that could value the 173-year-old firm at up to £8 billion ($10.88 billion), two sources told Reuters.
Beauty
Olaplex Created a $10 Billion Buyout Bonanza
A hair care start-up that was helped out of obscurity by an endorsement from Kim Kardashian is on track to earn its private equity owner one of the biggest and fastest payouts in the history of the industry.
Olaplex Created a $10 Billion Buyout Bonanza
A hair care start-up that was helped out of obscurity by an endorsement from Kim Kardashian is on track to earn its private equity owner one of the biggest and fastest payouts in the history of the industry.
Beauty
Why The Ordinary Is Coming Out as Pro Sulphate
In launching its new hair care line, the brand is highlighting its inclusion of an ingredient — sulphates — that its “clean” competitors say they do not use.
Why The Ordinary Is Coming Out as Pro Sulphate
In launching its new hair care line, the brand is highlighting its inclusion of an ingredient — sulphates — that its “clean” competitors say they do not use.
Workplace & Talent
Are Fashion Companies Holding Firm on Diversity Commitments?
This year will serve as the critical litmus test for consumers and fashion staffers alike to filter out the companies that don’t, and do, view diversity as a long-term exercise.
Are Fashion Companies Holding Firm on Diversity Commitments?
This year will serve as the critical litmus test for consumers and fashion staffers alike to filter out the companies that don’t, and do, view diversity as a long-term exercise.
Beauty
L’Oréal Beats Q4 Sales Forecasts Fuelled by China, US Demand
Holiday spending in the US and China helped L’Oréal beat growth expectations over the crucial end-of-year period as consumers splurged on beauty products.
L’Oréal Beats Q4 Sales Forecasts Fuelled by China, US Demand
Holiday spending in the US and China helped L’Oréal beat growth expectations over the crucial end-of-year period as consumers splurged on beauty products.
Beauty
What Estée Lauder’s Latest Investment Says About Its Acquisition Strategy
The conglomerate’s minority investment in UK-based beauty brand Haeckels speaks to a beauty acquisition space that prioritises earlier-stage companies and greater autonomy for brands.
What Estée Lauder’s Latest Investment Says About Its Acquisition Strategy
The conglomerate’s minority investment in UK-based beauty brand Haeckels speaks to a beauty acquisition space that prioritises earlier-stage companies and greater autonomy for brands.
Global Markets
Coty Cancels IPO Plans for Brazil Unit
The company had announced plans to publicly list the unit in August, aiming to use the proceeds to pay down debt and expand its business.
Coty Cancels IPO Plans for Brazil Unit
The company had announced plans to publicly list the unit in August, aiming to use the proceeds to pay down debt and expand its business.
Beauty
Coty’s Revenue Disappoints on Covid Hit
Coty Inc posted quarterly revenue below estimates on Tuesday, as stringent Covid-19 curbs in some markets hurt demand for its high-end cosmetics and perfumes.
Coty’s Revenue Disappoints on Covid Hit
Coty Inc posted quarterly revenue below estimates on Tuesday, as stringent Covid-19 curbs in some markets hurt demand for its high-end cosmetics and perfumes.
Beauty
Dolce & Gabbana Takes Perfumes and Cosmetics Business In-House
The move to bring in-house a multi-million business, which is key for many fashion houses but often managed through licensing, is the first by an Italian luxury group.
Dolce & Gabbana Takes Perfumes and Cosmetics Business In-House
The move to bring in-house a multi-million business, which is key for many fashion houses but often managed through licensing, is the first by an Italian luxury group.
Beauty
Courtin-Clarins Family to Acquire Clean Makeup Brand Ilia
Famille C, the Courtin-Clarins family’s private investment fund, has signed a contract to purchase the American beauty brand, which recorded sales of $100 million in 2021, for an undisclosed sum.
Courtin-Clarins Family to Acquire Clean Makeup Brand Ilia
Famille C, the Courtin-Clarins family’s private investment fund, has signed a contract to purchase the American beauty brand, which recorded sales of $100 million in 2021, for an undisclosed sum.
Beauty
Estée Lauder Raises Annual Forecasts on Recovering Cosmetics Demand
Sales of the cosmetics maker rose in every region in the last three months of 2021 and demand for most of its products grew from pre-pandemic levels, powering the company’s second-quarter earnings above Wall Street expectations.
Estée Lauder Raises Annual Forecasts on Recovering Cosmetics Demand
Sales of the cosmetics maker rose in every region in the last three months of 2021 and demand for most of its products grew from pre-pandemic levels, powering the company’s second-quarter earnings above Wall Street expectations.
Global Markets
Lunar New Year, the Beijing Olympics and Fashion’s Complicated Opportunity in China
This week, everyone will be talking about the start of the Lunar New Year and Winter Olympics, Estee Lauder’s outlook for the beauty market and the latest data on retail’s labour shortage.
Lunar New Year, the Beijing Olympics and Fashion’s Complicated Opportunity in China
This week, everyone will be talking about the start of the Lunar New Year and Winter Olympics, Estee Lauder’s outlook for the beauty market and the latest data on retail’s labour shortage.
The News in Brief
Natura Posts 92% Decline in Quarterly Profit
Brazilian cosmetic maker Natura on Monday posted a second-quarter net profit of 35 million reais ($6.85 million), a 92.1 percent decline from the same period in 2025.
Report: Armani Stake Sale Could Be Delayed Beyond March 2027 Deadline
Citing company sources, Italian newspaper Corriere della Sera said market conditions for the luxury industry were still challenging and negotiating a deal could require time.
Shein to Launch IPO as Soon as August 19, Sources Say
The Hong Kong IPO could take place as soon as Wednesday of next week, two people with knowledge of the matter said on Tuesday.
John Lewis Managing Director Quits Job After Less Than Three Years
Peter Ruis' surprise departure comes as the company faces “really tough” trading conditions.
Harvey Nichols Warns It Could Collapse Without Rescue Deal
The upscale department store says it will not be able to survive another year without new investment, as bidders for the chain circle.
Shein IPO Value Could Fall Short of $30 Billion Targeted by Some Investors
Bloomberg Intelligence estimates the ultra-fast fashion retailer supports a valuation of $22 billion to $25 billion, well below the roughly $30 billion valuation some investors have pushed for.
Thom Bettridge to Step Down as I-D Editor in Chief
Global editorial director Steff Yotka will succeed Bettridge, who is leaving to focus on his creative studio Content World.