Court Lets Trump Halt Tariff Exemption for Low-Cost Goods
In a decision on Thursday, a US trade court refused to disturb executive orders that lifted the ‘de minimis’ exemption for goods with a retail value of $800 or less.
cosmetics
Beauty
Why Estée Lauder Is Shutting Down Becca Cosmetics
The 2016 acquisition was already challenged before the pandemic, and the beauty conglomerate is making cuts as it looks ahead at a post-pandemic recovery.
Why Estée Lauder Is Shutting Down Becca Cosmetics
The 2016 acquisition was already challenged before the pandemic, and the beauty conglomerate is making cuts as it looks ahead at a post-pandemic recovery.
Beauty
Why Estée Lauder Is Finally Acquiring Deciem
The American prestige beauty giant’s purchase of the company, best known for $6 serums, is a sign of the increasing blur between drugstore and luxury.
Why Estée Lauder Is Finally Acquiring Deciem
The American prestige beauty giant’s purchase of the company, best known for $6 serums, is a sign of the increasing blur between drugstore and luxury.
Beauty
Citigroup May Get Stuck With Huge Chunk of Distressed Revlon Debt
A back-office blunder means the bank could become one of the troubled cosmetics empire’s biggest creditors.
Citigroup May Get Stuck With Huge Chunk of Distressed Revlon Debt
A back-office blunder means the bank could become one of the troubled cosmetics empire’s biggest creditors.
Global Markets
Amorepacific Links Arms with Shopee to Target Southeast Asia
The South Korean beauty giant, which owns brands like Sulwhasoo, Etude House and Innisfree, has signed a partnership with the Singaporean e-commerce
Amorepacific Links Arms with Shopee to Target Southeast Asia
The South Korean beauty giant, which owns brands like Sulwhasoo, Etude House and Innisfree, has signed a partnership with the Singaporean e-commerce
Beauty
How India’s Nykaa Aims to Beat Sephora
The Indian beauty unicorn is preparing for an IPO that could see it reach a valuation of $3 billion thanks to persuasive digital marketing and a hyper-local merchandise mix.
How India’s Nykaa Aims to Beat Sephora
The Indian beauty unicorn is preparing for an IPO that could see it reach a valuation of $3 billion thanks to persuasive digital marketing and a hyper-local merchandise mix.
Beauty
Does Every Makeup Brand Need a Skin Care Line?
Morphe, Huda Beauty and other colour cosmetics lines are investing heavily in skin care, but successfully making the leap from one category to the other requires finesse.
Does Every Makeup Brand Need a Skin Care Line?
Morphe, Huda Beauty and other colour cosmetics lines are investing heavily in skin care, but successfully making the leap from one category to the other requires finesse.
Beauty
Sephora and Ulta Battle for the Big-Box Retail Market
As the future of beauty specialty retail remains uncertain, Sephora and Ulta are teaming up with giants like Targets and Kohl’s for security — and hopefully to attract some new customers.
Sephora and Ulta Battle for the Big-Box Retail Market
As the future of beauty specialty retail remains uncertain, Sephora and Ulta are teaming up with giants like Targets and Kohl’s for security — and hopefully to attract some new customers.
Beauty
Revlon Revisits Debt Exchange To Buy Time for Turnaround
The cosmetics company issued a revised plan to exchange its 5.75 percent bonds due in 2021 after an earlier offer attracted almost no takers.
Revlon Revisits Debt Exchange To Buy Time for Turnaround
The cosmetics company issued a revised plan to exchange its 5.75 percent bonds due in 2021 after an earlier offer attracted almost no takers.
Beauty
L'Oreal Sales Fall in First Quarter, E-Commerce Surges
The cosmetics maker said demand in China had begun to pick up again as coronavirus restrictions there are eased.
L'Oreal Sales Fall in First Quarter, E-Commerce Surges
The cosmetics maker said demand in China had begun to pick up again as coronavirus restrictions there are eased.
Retail
Ulta's Fourth-Quarter Sales Beat Estimates
The cosmetics company's net income rose to $222.7 million as shoppers spent more at its stores during the holiday season.
Ulta's Fourth-Quarter Sales Beat Estimates
The cosmetics company's net income rose to $222.7 million as shoppers spent more at its stores during the holiday season.
Beauty
Revlon to Cut 1,000 Jobs in a Bid to Boost Profitability
The cosmetics company reported a drop in sales for the fifth quarter in a row, following a weakened demand for its fragrances and namesake products.
Revlon to Cut 1,000 Jobs in a Bid to Boost Profitability
The cosmetics company reported a drop in sales for the fifth quarter in a row, following a weakened demand for its fragrances and namesake products.
Beauty
Glossier Presses Pause on ‘Play,’ Rethinks Makeup Strategy
The beauty company debuted its first new brand last year to much fanfare, but sales failed to match the hype. Founder Emily Weiss talks exclusively to BoF about what she learned from the experience, and her plans to extend Glossier's rapid growth.
Glossier Presses Pause on ‘Play,’ Rethinks Makeup Strategy
The beauty company debuted its first new brand last year to much fanfare, but sales failed to match the hype. Founder Emily Weiss talks exclusively to BoF about what she learned from the experience, and her plans to extend Glossier's rapid growth.
The News in Brief
Samsonite Buys Stake in Béis for $178.5 Million
Founder and actress Shay Mitchell will retain a 15 percent stake in Béis, which will become a Samsonite subsidiary after the deal closes.
Tapestry Forecasts Strong Annual Profit as Coach Remains Hot
Resilient demand for Coach bags among young and affluent shoppers helped buoy the group, but weakness at Kate Spade led the company to forecast muted annual revenue.
US Seeks Sentence for Founder of Fashion-Tech Company CaaStle
Prosecutors compared Christine Hunsicker to Elizabeth Holmes as they sought a 12.5 year prison sentence in the $300 million securities fraud case.
Shein Loses UK Copyright Lawsuit Against Temu Over Clothing Photos
The ultra-fast fashion platform lost the first round of a London legal battle against its rival for alleged copyright infringement in relation to photos of some of its products.
Birkenstock Nudges Forecast Higher on Solid Sandal Demand
The German brand bumped its sales forecast to the upper limit of its target range and posted strong quarterly earnings as consumers snapped up its sandals and clogs.
Richemont’s Panerai Brand Gets No Relief From Luxury Watch Revival
As the secondary market for timepieces rebounds, Cartier is grabbing buyer attention and there’s renewed enthusiasm around Vacheron Constantin, throwing the lack of interest in Panerai into stark contrast.
Allies of Skin’s Founder Nicolas Travis Has Resigned
The Singapore-based luxury skincare brand has also appointed Alicia Valencia as interim president.