Shein Discloses FTC Probe in US, Warns of Significant Payments
According to documents the ultra-fast-fashion company filed in connection with its planned Hong Kong IPO, Shein is cooperating with the investigation and could face significant fines.
fragrance
Beauty
Glossier’s Comeback Plan
After a rough few years, the beauty brand is opening a new SoHo flagship, will soon launch at Sephora and is planning a busy slate of product releases. Sources say sales of $275 million this year aren’t out of the question.
Glossier’s Comeback Plan
After a rough few years, the beauty brand is opening a new SoHo flagship, will soon launch at Sephora and is planning a busy slate of product releases. Sources say sales of $275 million this year aren’t out of the question.
Beauty
Why the World’s Biggest Beauty Company Is Moving Upmarket
L’Oréal is reinforcing its high-end focus under CEO Nicolas Hieronimus.
Why the World’s Biggest Beauty Company Is Moving Upmarket
L’Oréal is reinforcing its high-end focus under CEO Nicolas Hieronimus.
Beauty
Shiseido’s Announces New Growth Strategy, Sees Fiscal Year Profits Fall
The beauty company reported on Friday that full-year sales grew by 5.7 percent for the fiscal year ended Dec. 31, to approximately 1.07 trillion yen, or $8.1 billion.
Shiseido’s Announces New Growth Strategy, Sees Fiscal Year Profits Fall
The beauty company reported on Friday that full-year sales grew by 5.7 percent for the fiscal year ended Dec. 31, to approximately 1.07 trillion yen, or $8.1 billion.
Beauty
US Demand Boosts L’Oréal Fourth-Quarter Sales, China Weighs
L’Oréal posted 8.1 percent sales growth in the fourth quarter, a touch slower than in the previous three months, with firm demand in the United States and Europe helping to offset the dent from coronavirus disruptions in China.
US Demand Boosts L’Oréal Fourth-Quarter Sales, China Weighs
L’Oréal posted 8.1 percent sales growth in the fourth quarter, a touch slower than in the previous three months, with firm demand in the United States and Europe helping to offset the dent from coronavirus disruptions in China.
Beauty
For Coty, Is It Goodbye Gucci?
With its new beauty division, Kering clearly wants to exert more control over its fashion houses’ beauty businesses. That could spell trouble for the companies that currently hold lucrative fragrance and cosmetics licenses.
For Coty, Is It Goodbye Gucci?
With its new beauty division, Kering clearly wants to exert more control over its fashion houses’ beauty businesses. That could spell trouble for the companies that currently hold lucrative fragrance and cosmetics licenses.
Beauty
The Business of Beauty Global Forum Is Coming to California From May 30–June 1, 2023
The Business of Fashion is pleased to announce The Business of Beauty Global Forum, a new invitation only gathering bringing together a dynamic group of executives, entrepreneurs, and creatives from the global beauty and wellness industry, taking place between May 30 and June 1, 2023 at Stanly Ranch, a new five-star resort located in Napa Valley, California, USA.
The Business of Beauty Global Forum Is Coming to California From May 30–June 1, 2023
The Business of Fashion is pleased to announce The Business of Beauty Global Forum, a new invitation only gathering bringing together a dynamic group of executives, entrepreneurs, and creatives from the global beauty and wellness industry, taking place between May 30 and June 1, 2023 at Stanly Ranch, a new five-star resort located in Napa Valley, California, USA.
Beauty
Coty Raises Profit Forecast on Resilient Demand, Price Hikes
The company’s shares rose about 4 percent to $10.80 in premarket trading after also beating expectations for second-quarter revenue and profit.
Coty Raises Profit Forecast on Resilient Demand, Price Hikes
The company’s shares rose about 4 percent to $10.80 in premarket trading after also beating expectations for second-quarter revenue and profit.
Beauty
What Happens When Consumers Don’t Trust ‘Clean’
‘Clean’ products have been a driving force in beauty for years. But with no universal standards, the confusion surrounding that label is threatening both its use as a measure of product safety and in marketing.
What Happens When Consumers Don’t Trust ‘Clean’
‘Clean’ products have been a driving force in beauty for years. But with no universal standards, the confusion surrounding that label is threatening both its use as a measure of product safety and in marketing.
Beauty
Sephora Responds to Claim Its Clean Beauty Programme Is Anything But
The LVMH-owned beauty retailer asked a federal judge to dismiss a lawsuit alleging its “Clean at Sephora” designation is false advertising.
Sephora Responds to Claim Its Clean Beauty Programme Is Anything But
The LVMH-owned beauty retailer asked a federal judge to dismiss a lawsuit alleging its “Clean at Sephora” designation is false advertising.
Beauty
Estée Lauder Expects Smaller Fall In 2023 Sales on Resilient Demand
Estée Lauder Cos Inc on Thursday forecast a smaller fall in full-year sales than previously expected, on resilient demand for its skin care and fragrances and an expected recovery in major market China that recently eased its Covid curbs.
Estée Lauder Expects Smaller Fall In 2023 Sales on Resilient Demand
Estée Lauder Cos Inc on Thursday forecast a smaller fall in full-year sales than previously expected, on resilient demand for its skin care and fragrances and an expected recovery in major market China that recently eased its Covid curbs.
Beauty
The Indie Brands Capitalising on the Fragrance Boom
Like skin care and cosmetics line before them, upstart perfume brands see a path to take market share from the category’s incumbents.
The Indie Brands Capitalising on the Fragrance Boom
Like skin care and cosmetics line before them, upstart perfume brands see a path to take market share from the category’s incumbents.
Beauty
Beauty’s Top M&A Targets
The global market has slowed, but the beauty category remains of interest to financial backers. The Business of Beauty identifies the top targets of the year.
Beauty’s Top M&A Targets
The global market has slowed, but the beauty category remains of interest to financial backers. The Business of Beauty identifies the top targets of the year.
The News in Brief
Frasers Group Takes a Position in Burberry
The billionaire Mike Ashley’s investment arm disclosed Tuesday it holds an interest worth a potential 4.2 percent of the voting rights in Burberry.
EssilorLuxottica Beats Forecasts, AI Glasses and Myopia Products Drive Growth
The Franco-Italian eyewear maker reported a 15 percent rise in first-half profit, beating expectations, while revenue growth was driven by strong demand for AI-enabled glasses myopia products.
Whoop Names Kyle Leahy Chief Commercial Officer
Leahy joins the wearables brand from Glossier, where she was chief executive for three years.
Chinese Jeweller Laopu Gold’s Shares Drop on Growth Outlook
The jeweller lost $2.1 billion in market value after forecasting first-half 2026 revenue growth of up to 66 percent, a sharp slowdown from last year that unsettled investors in one of China’s most viral consumer brands.
Unilever Lifts Outlook on Strongest Volume Growth in Over A Decade
Unilever upgraded its annual forecast on Tuesday, as consumers reached for brands like Vaseline and Dove despite household budget concerns stemming from the Iran war.
J&J to Pay $5.5 Billion to Settle Talc-Related Cancer Claims
Johnson & Johnson on Monday said it agreed to a $5.5 billion commitment to resolve years of litigation related to claims that its talc products caused ovarian cancer.
Lenzing Closes UK, Austria Sites in Turnaround Bid
The closures are the latest in a series of cost-cutting and refinancing measures at the textile maker, which has faced headwinds from competition in China and India.