Reformation Valued at $886 Million in NYSE Debut
The Permira-backed womenswear retailer and some of its shareholders had raised $211 million in its IPO on Wednesday, with shares opening at $15 apiece.
fragrance
Beauty
Estée Lauder Outlook Hit by China Lockdowns, Stronger Dollar
The fragrance and skin care company said Thursday that it expects an 8 percent to 10 percent drop in sales this quarter, compared with a year ago.
Estée Lauder Outlook Hit by China Lockdowns, Stronger Dollar
The fragrance and skin care company said Thursday that it expects an 8 percent to 10 percent drop in sales this quarter, compared with a year ago.
Beauty
Dior and Chanel Run Their Own Beauty Lines. Why Not Gucci Too?
Kering’s rumoured plan to someday bring its largest brand’s beauty business in house may take years to pull off, but is already sending shockwaves throughout the industry.
Dior and Chanel Run Their Own Beauty Lines. Why Not Gucci Too?
Kering’s rumoured plan to someday bring its largest brand’s beauty business in house may take years to pull off, but is already sending shockwaves throughout the industry.
Beauty
L’Oréal Bucks Trend With Chinese Sales Growth in Q2
The group said on Thursday overall sales for the three months to June came in at €9.31 billion ($9.46 billion), an increase of 13.4 percent on a like-for-like basis.
L’Oréal Bucks Trend With Chinese Sales Growth in Q2
The group said on Thursday overall sales for the three months to June came in at €9.31 billion ($9.46 billion), an increase of 13.4 percent on a like-for-like basis.
Entrepreneurship
How to Fundraise in a Bear Market
Facing a possible recession, private investors are tightening their purse strings. This means fashion and beauty start-ups must preserve cash and undertake creative tactics to secure capital.
How to Fundraise in a Bear Market
Facing a possible recession, private investors are tightening their purse strings. This means fashion and beauty start-ups must preserve cash and undertake creative tactics to secure capital.
Beauty
We Don’t Need Beauty in the Metaverse — Yet
Beauty brands have a natural edge on TikTok and YouTube, but are lagging the fashion industry in making a splash in the virtual world. Without the logos and distinctive characteristics of apparel and accessories, it’s unclear how skin care, makeup and fragrance will establish a presence and a purpose in web3.
We Don’t Need Beauty in the Metaverse — Yet
Beauty brands have a natural edge on TikTok and YouTube, but are lagging the fashion industry in making a splash in the virtual world. Without the logos and distinctive characteristics of apparel and accessories, it’s unclear how skin care, makeup and fragrance will establish a presence and a purpose in web3.
Retail
How to Navigate the Return of Wholesale
After a hard pivot to e-commerce during the pandemic, many brands are back to working with retailers. This time, they say the terms have changed in their favour.
How to Navigate the Return of Wholesale
After a hard pivot to e-commerce during the pandemic, many brands are back to working with retailers. This time, they say the terms have changed in their favour.
Beauty
Colour Cosmetics Make a Bold Comeback
Makeup is now growing twice as fast as skin care as beauty shoppers turn to neon eyeshadows and bold shimmery blushes to create looks inspired by TikTok trends and the Y2K revival.
Colour Cosmetics Make a Bold Comeback
Makeup is now growing twice as fast as skin care as beauty shoppers turn to neon eyeshadows and bold shimmery blushes to create looks inspired by TikTok trends and the Y2K revival.
Beauty
What’s Driving the Escapist Fragrance Boom
Sales of bold scents inspired by far-off destinations led to a fragrance boom during the pandemic and the return of travel hasn’t slowed momentum.
What’s Driving the Escapist Fragrance Boom
Sales of bold scents inspired by far-off destinations led to a fragrance boom during the pandemic and the return of travel hasn’t slowed momentum.
Retail
Victoria’s Secret Starts Selling Its Beauty Line on Amazon
The apparel company has launched an Amazon storefront, where it will start selling about 120 products from its in-house beauty line, VS Beauty, as well as products from its Pink brand.
Victoria’s Secret Starts Selling Its Beauty Line on Amazon
The apparel company has launched an Amazon storefront, where it will start selling about 120 products from its in-house beauty line, VS Beauty, as well as products from its Pink brand.
Beauty
European Cosmetics Makers Face Supply Crisis Amid Scarcity of Ukraine Resources
European perfume- and cosmetics-makers face shortages of paper, glass, and some key oils and alcohols, as Russia’s invasion of Ukraine adds further disruptions to the supply chains for beauty products, driving prices higher amid robust demand.
European Cosmetics Makers Face Supply Crisis Amid Scarcity of Ukraine Resources
European perfume- and cosmetics-makers face shortages of paper, glass, and some key oils and alcohols, as Russia’s invasion of Ukraine adds further disruptions to the supply chains for beauty products, driving prices higher amid robust demand.
Luxury
Dries Van Noten’s Empire of the Senses
‘I can’t complain about the business,’ said the designer as he turned a rundown 18th-century mansion in Paris into a Wunderkammer for his latest collection and the launch of his new fragrance and beauty offering.
Dries Van Noten’s Empire of the Senses
‘I can’t complain about the business,’ said the designer as he turned a rundown 18th-century mansion in Paris into a Wunderkammer for his latest collection and the launch of his new fragrance and beauty offering.
Beauty
Byredo’s Ambitions to Become Beauty’s Next Megabrand
The luxury beauty brand has entered a new phase of growth over the pandemic, almost doubling sales to reach €119 million and launching cosmetics. With a skincare debut on the horizon, can the niche fragrance label turn itself into a true beauty powerhouse?
Byredo’s Ambitions to Become Beauty’s Next Megabrand
The luxury beauty brand has entered a new phase of growth over the pandemic, almost doubling sales to reach €119 million and launching cosmetics. With a skincare debut on the horizon, can the niche fragrance label turn itself into a true beauty powerhouse?
The News in Brief
Puig Reports First-Half Revenue Growth After Estee Lauder Talks End
The Spanish beauty company reported first-half revenue growth on strong demand for makeup from Charlotte Tilbury.
Canada Goose Beats Revenue Estimates as Demand Holds Up
The outerwear brand beat expectations for first-quarter revenue, but new US tariffs on Canadian could affect future earnings.
Steven Madden Tops Expectations and Lifts Full-Year Outlook
The retailer raised its full-year revenue forecast again as its integration of luxury brand Kurt Geiger last year provided a tailwind.
Reformation and Its Backers Raise $210.9 Million in IPO
The womenswear brand and shareholders including private-equity backer Permira raised new funds in an IPO that priced shares at the bottom of the marketed range.
Adidas Shares Plunge After World Cup Spend Dents Profit
Shares in the company fell the most on record after its marketing outlay for the World Cup resulted in lower-than-expected quarterly profit.
British Fashion Council to Boost UK Fashion Beyond London
The new national initiative, Fashion Britain, aims to increase growth, innovation and participation in the industry across key cities.
Hermès’ Chief Watches China’s Pork Prices to Gauge Luxury Demand
When it comes to gauging the possibility of a sales rebound for his luxury group in China, Hermès executive chairman Axel Dumas turns to an unusual metric.