Avon North America Acquired By Regent, Appoints New CEO
The legacy beauty brand's US and Canada divisions will join the investment firm's portfolio, which also includes Avon International.
cosmetics
News & Analysis
Avon Will Separate North America Business in Deal With Cerberus
Avon Products Inc. will split off its North American business as part of a $605 million deal with private-equity firm Cerberus Capital Management.
Avon Will Separate North America Business in Deal With Cerberus
Avon Products Inc. will split off its North American business as part of a $605 million deal with private-equity firm Cerberus Capital Management.
Marketing
Beauty Brands Inch Away from Traditional Advertising
Spurred by the power of online influencers and user-generated content, beauty companies are shifting their marketing spend.
Beauty Brands Inch Away from Traditional Advertising
Spurred by the power of online influencers and user-generated content, beauty companies are shifting their marketing spend.
News & Analysis
Publicis Loses Another Media Account as L’Oreal Switches to WPP
L’Oreal SA’s North American unit has switched its media planning and buying to WPP Plc, dealing another blow to Publicis Groupe SA in the region after Procter & Gamble Co. moved its account earlier this week.
Publicis Loses Another Media Account as L’Oreal Switches to WPP
L’Oreal SA’s North American unit has switched its media planning and buying to WPP Plc, dealing another blow to Publicis Groupe SA in the region after Procter & Gamble Co. moved its account earlier this week.
News & Analysis
Avon Investor Barington Urges Company to Avoid ‘Fire Sale’ Deal
Avon Products Inc. investor Barington Capital Group urged the company to reject a reported deal to sell its North American business at a “fire sale” price, recommending that the cosmetics giant pursue a restructuring plan instead.
Avon Investor Barington Urges Company to Avoid ‘Fire Sale’ Deal
Avon Products Inc. investor Barington Capital Group urged the company to reject a reported deal to sell its North American business at a “fire sale” price, recommending that the cosmetics giant pursue a restructuring plan instead.
Beauty
Can Halal Cosmetics Outgrow Their Niche?
Cosmetics brands are edging into a potentially lucrative market as Muslim consumers become increasingly conscious of halal beauty products.
Can Halal Cosmetics Outgrow Their Niche?
Cosmetics brands are edging into a potentially lucrative market as Muslim consumers become increasingly conscious of halal beauty products.
Financial Markets
Elizabeth Arden Reports 1Q Loss
Elizabeth Arden Inc. on Wednesday reported a loss of $15.9 million in its fiscal first quarter. The results fell short of Wall Street expectations.
Elizabeth Arden Reports 1Q Loss
Elizabeth Arden Inc. on Wednesday reported a loss of $15.9 million in its fiscal first quarter. The results fell short of Wall Street expectations.
Financial Markets
Avon Products’ Shares Tumble After Unexpected Third-Quarter Loss
Avon Products Inc. fell in early trading after posting an unexpected third-quarter loss, hurt by the strong dollar and a new tax in Brazil.
Avon Products’ Shares Tumble After Unexpected Third-Quarter Loss
Avon Products Inc. fell in early trading after posting an unexpected third-quarter loss, hurt by the strong dollar and a new tax in Brazil.
Beauty
Hypermarcas Stocks Rally on Asset Sale, Debt Buyback Plan
Hypermarcas SA jumped the most on record after it agreed to sell its personal-care and beauty division to Coty Inc. for 3.8 billion reais ($991 million).
Hypermarcas Stocks Rally on Asset Sale, Debt Buyback Plan
Hypermarcas SA jumped the most on record after it agreed to sell its personal-care and beauty division to Coty Inc. for 3.8 billion reais ($991 million).
Beauty
Coty to Acquire Hypermarcas Beauty Business for About $1 Billion
Coty Inc. agreed to buy the personal-care and beauty division of Brazil’s Hypermarcas SA for about $1 billion in cash.
Coty to Acquire Hypermarcas Beauty Business for About $1 Billion
Coty Inc. agreed to buy the personal-care and beauty division of Brazil’s Hypermarcas SA for about $1 billion in cash.
Beauty
L’Oreal Falls in Paris as Asia Slowdown Drags on Luxury Growth
L’Oreal SA fell in Paris trading after third-quarter revenue missed analysts’ estimates amid a slowdown in sales of luxury cosmetics in Asia.
L’Oreal Falls in Paris as Asia Slowdown Drags on Luxury Growth
L’Oreal SA fell in Paris trading after third-quarter revenue missed analysts’ estimates amid a slowdown in sales of luxury cosmetics in Asia.
Financial Markets
Avon Shares Drop After Analyst Downplays Its Takeover Prospects
Avon Products Inc. shares tumbled as much as 6.8 percent after Canaccord Genuity said the company’s prospects as a takeover target are probably overblown.
Avon Shares Drop After Analyst Downplays Its Takeover Prospects
Avon Products Inc. shares tumbled as much as 6.8 percent after Canaccord Genuity said the company’s prospects as a takeover target are probably overblown.
News & Analysis
Nu Skin Plunges After Cutting Forecast, Citing Currency Effects
Nu Skin Enterprises Inc. plummeted as much as 18 percent in late trading after foreign-currency headwinds forced the cosmetics maker to slash its sales forecast.
Nu Skin Plunges After Cutting Forecast, Citing Currency Effects
Nu Skin Enterprises Inc. plummeted as much as 18 percent in late trading after foreign-currency headwinds forced the cosmetics maker to slash its sales forecast.
The News in Brief
Shein’s Purchase of Everlane Faces US National Security Review
A review by an interagency panel led by the US Treasury Department began after the $80 million transaction was completed in May, according to the people familiar with the matter.
Shein Sets IPO Date, Targets Up to $27 Billion Valuation
The company is set to debut on the Hong Kong stock exchange on Sept. 1 and is seeking to raise as much as $1.8 billion in its long-awaited IPO, according to a filing.
Marquee Brands to Acquire Roots in Go-Private Deal
The brand management company will add the Canadian lifestyle label to a growing portfolio that includes Roberto Cavalli and BCBG.
UK Retail Sales Drop for the First Time in Three Months
Scorching weather and fewer discounts discouraged shoppers and ended a recent rebound in consumer spending as retail sales fell for the first time since April.
Fashion CEO Hunsicker Gets Five Years for $300 Million Fraud
Christine Hunsicker, founder of the fashion-rental and technology company CaaStle Inc., was sentenced to five years in prison for defrauding investors out of $300 million.
Boohoo Fined $2.7 Million by French Watchdog Over Deceptive Discounts
Nearly half of the examined promotions were revealed to be price increases. The Debenhams-owned fast-fashion brand also used terms like ‘leather’ to sell synthetic products.
Report: Shein Postpones IPO to September
Shein has pushed back its market debut following a delay in taking investor orders for its Hong Kong IPO at a reduced valuation, the South China Morning Post reported.