Style Capital Acquires Alessandro Dell’Acqua’s N21
Financial details of the deal for the Milan-based brand weren’t disclosed.
coty-inc
News & Analysis
Power Moves | Tod’s Menswear Designer Departs, Moda Operandi Names China Managing Director
This week Moda Operandi rolls out China strategy with new hire, while Tod’s menswear veteran departs.
News & Analysis
Coty CEO Camillo Pane Resigns, Chairman Replaced
The announcement of Pane's departure follows a drop in shares for the cosmetics company.
Financial Markets
Coty Results Beats on Demand for Luxury Fragrances
The beauty products maker reported quarterly results that beat analysts' estimates, helped by robust sales for its Burberry Beauty and Gucci Bloom fragrances.
Beauty
Beauty’s Augmented Reality Revolution: What’s Real, What’s Hype, What’s Next
Beauty brands are betting heavily on AR, and the early ROI is promising.
News & Analysis
Top EU Court to Rule Whether Luxury Brands Can Deny Shoppers Right to Buy Online
The ruling could set a precedent for whether luxury products makers can prevent their products being sold by retailers on online platforms across Europe, a market worth billions of euros.
Workplace & Talent
Power Moves | Jeffrey Rudes Joins L'Agence, Stylebop Appoints Fashion Director
This week L’Agence taps J Brand-founder Jeffrey Rudes as its new chief executive, while Stylebop names Ronald Burton its new fashion director.
Luxury
Top EU Court Adviser Says Coty Can Block Unauthorised Online Sales
The court adviser's view gives luxury brands a boost in the decade-long battle to protect their image and exclusivity online.
Financial Markets
Coty Reports Third-Quarter Loss
Shares in the beauty company have dropped nearly 3 percent since the beginning of the year.
Workplace & Talent
Teen Vogue Names Elaine Welteroth Editor-in-Chief, Safilo Appoints Board Chairman and More...
In this week's Power Moves, Condé Nast has promoted Elaine Welteroth to editor-in-chief of Teen Vogue, and Safilo Group has appointed Eugenio Razelli as chairman for its board of directors.
Workplace & Talent
François-Henri Pinault Exits Puma, British Vogue Names Edward Enninful Editor-in-Chief
This week, Kering's chairman and chief executive stepped down from Puma's board of directors and Edward Enninful has been appointed editor-in-chief of British Vogue.
Beauty
Coty's CoverGirl Transformation Won't Be Easy-Breezy
The $14 billion company will clean up and grow into itself...eventually. It will just take time and a lot of patience from Coty investors.
Beauty
Coty Tumbles After Purchase of P&G Brands Brings Challenges
There is more inventory in the retail channel from the acquired business than the company expected, and broader weakness in colour cosmetics also hurt sales.
The News in Brief
Lagos Fashion Week Continues to Flex its Pan-African Muscle
The buzzy Nigerian fashion event has attracted a cohort from across the continent, with designers from South Africa, Uganda and Morocco presenting their collections in the Nigerian city.
Estée Lauder Raises Outlook, Buoyed by Perfume Demand
Demand for the US conglomerate’s luxury fragrance brands like Le Labo, Tom Ford and By Kilian offset weaker performance from its makeup and haircare divisions.
Bangladesh Sets Up Wage Board as Garment Worker Unrest Shuts Factories
Violent protests over pay levels forced the closure of more than 500 factories over the weekend.
Premium Skincare Brand Colorescience Names New CEO
Former Kiehl’s general manager John Reed will lead the label, which was acquired by Roundtable Healthcare Partners earlier this year.
Proya Third-Quarter Revenue Grows, Profit Dented by Marketing Spend
The Chinese beauty conglomerate’s revenue grew 29.8 percent in the latest quarter, but its profit decreased by double digits due to increased promotional expenses as it expands overseas.
Michael Kors Owner Capri Soars After Raising Annual Forecasts
Shares jumped after the group raised its annual revenue and profit forecasts and said it expected sales to return to growth.
Puma Sales Slow Less Than Expected as Anta Partnership Advances
The German sportswear business is attempting to reboot its brand appeal to better compete with larger rivals Adidas and Nike.