Coty Tops Estimates on Prestige Brands Boost Amid Turnaround
The US cosmetics conglomerate said launches from Marc Jacobs and Burberry helped boost revenues, though its full-year guidance is below consensus.
Homeware
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Retail
Kanye West Eyeing Expansion into Homeware
Under his company Mascotte Holdings Inc., the rapper and fashion designer filed a trademark application on Aug. 27 for products including blankets, pillow cases, textile wall hangings and towels.
Retail
Pattern Raises Capital to Acquire DTC Homeware Brands, Announces Acquisition of GIR
The parent of lifestyle brands OpenSpaces and EqualParts has raised $60 million of debt and equity capital to acquire home-centric goods brands, its next phase of expansion.
Luxury
Raf Simons Debuts Multidisciplinary E-Commerce Platform
Named History Of My World after the designer’s tenth anniversary collection in 2005, the online retail platform will stock a selection of products
Luxury
The Week Ahead: Will Celine and Louis Vuitton Sales Match the Hype?
This week, everyone will be talking about LVMH's financial results, fashion brands invading Salone del Mobile and Anna Wintour on stage at Women in the World. Read our BoF Professional Cheat Sheet.
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The News in Brief
E.l.f. Beauty Sales Lift 51%
The US cosmetics giant raised its full-year sales outlook to over $2 billion as Rhode’s global expansion continues to power its revenue growth.
Shein Invests €500 Million in Europe as Customs Rules Tighten
The online retailer said it will expand its logistics hub in Poland as it grapples with stricter customs regulations in Europe.
Remington Owner Spectrum Makes Unsolicited Push to Buy Helen of Troy
The owner of consumer brands like George Foreman and Remington said it has made multiple offers to buy the publicly listed parent company of Olive and June, Drybar and Hydro Flask.
PAI Partners to Acquire Elemis from L’Occitane
The French private equity group announced on Wednesday that it will buy the UK skin and body care brand for an undisclosed sum.
Estée Lauder Sets 2030 Growth, Margin Targets as Turnaround Advances
At its capital markets event in Shanghai, leadership said it aims to deliver mid-single-digit organic net sales growth through fiscal 2030, and unveiled a new cost-cutting and strategic roadmap.
Nykaa Quarterly Profit Nearly Triples on Beauty Demand, Margin Gains
The Indian beauty retailer said on Wednesday its second-quarter profit nearly tripled, as improved operating efficiency and strong demand for premium beauty products boosted margins.
Report: CVS Plans to Break Up Healthcare Conglomerate
The US retailer is planning to spin off its pharmacy business in what would be one of the biggest-ever breakups in the healthcare industry, according to reports.