Nivea Maker Beiersdorf Cuts Guidance for 2026, Citing Market Conditions
Beiersdorf trimmed its full-year guidance on Monday on slower-than-expected recovery at its core brand Nivea and other economic headwinds.
investment
Luxury
Altuzarra Founder Joseph Altuzarra to Step Into CEO Role
The brand’s CEO of five years, Shira Sue Carmi, will step down on Dec. 31; longtime chief operating officer Marta Lastra — recently promoted to president — will work closely with the designer to lead the company.
Altuzarra Founder Joseph Altuzarra to Step Into CEO Role
The brand’s CEO of five years, Shira Sue Carmi, will step down on Dec. 31; longtime chief operating officer Marta Lastra — recently promoted to president — will work closely with the designer to lead the company.
Beauty
Nykaa Acquires Indian Beauty Brand Earth Rhythm
The Indian beauty juggernaut has acquired the local skincare, cosmetics and personal care brand, two years after making a minority investment in it.
Nykaa Acquires Indian Beauty Brand Earth Rhythm
The Indian beauty juggernaut has acquired the local skincare, cosmetics and personal care brand, two years after making a minority investment in it.
Retail
Represent Sells Minority Stake to Private-Equity Firm True
The investment comes off the back of soaring sales for the British menswear brand, which opened its first flagship stores in Los Angeles and Manchester this year and expects to hit annual sales of £100 million by the end of 2024.
Represent Sells Minority Stake to Private-Equity Firm True
The investment comes off the back of soaring sales for the British menswear brand, which opened its first flagship stores in Los Angeles and Manchester this year and expects to hit annual sales of £100 million by the end of 2024.
Beauty
Crown Affair Closes $9 Million Series B Round
Prestige hair care brand Crown Affair has closed a $9 million Series B round led by investment firm True Beauty Ventures.
Crown Affair Closes $9 Million Series B Round
Prestige hair care brand Crown Affair has closed a $9 million Series B round led by investment firm True Beauty Ventures.
Beauty
Clean Skin Club’s Face Towel Raises $32 Million
The investment will help the brand aggressively enter retail, as well as develop new versions of its hero product.
Clean Skin Club’s Face Towel Raises $32 Million
The investment will help the brand aggressively enter retail, as well as develop new versions of its hero product.
Luxury
LVMH Acquires Minority Stake in Our Legacy
The luxury conglomerate is investing in the cult Swedish menswear label through its venture capital arm, The Business of Fashion can exclusively reveal. Our Legacy has built a €40 million business, multiplying its sales five-fold in recent years.
LVMH Acquires Minority Stake in Our Legacy
The luxury conglomerate is investing in the cult Swedish menswear label through its venture capital arm, The Business of Fashion can exclusively reveal. Our Legacy has built a €40 million business, multiplying its sales five-fold in recent years.
Beauty
The Beauty Slowdown Has Come for Indie Retailers
Credo Beauty, Goop, and Thirteen Lune are among the smaller, independent beauty retailers responding to US market headwinds.
The Beauty Slowdown Has Come for Indie Retailers
Credo Beauty, Goop, and Thirteen Lune are among the smaller, independent beauty retailers responding to US market headwinds.
Global Markets
Fashion Trust Arabia Crowns Prize Winners
Nadine Mosallam, Yasmin Mansour and Reem Hamed are among this year’s winning designers, each receiving a financial grant of between $100,000 and $200,000.
Fashion Trust Arabia Crowns Prize Winners
Nadine Mosallam, Yasmin Mansour and Reem Hamed are among this year’s winning designers, each receiving a financial grant of between $100,000 and $200,000.
Beauty
How Anastasia Beverly Hills Lost Its Footing
The influencer-favourite brand seemed on rocket-like trajectory in the 2010s, culminating in a reported $3 billion valuation in 2018. But since then, trends have shifted, sales have slid, debt has mounted and its main investor, the private equity firm TPG Capital, is ready to move on.
How Anastasia Beverly Hills Lost Its Footing
The influencer-favourite brand seemed on rocket-like trajectory in the 2010s, culminating in a reported $3 billion valuation in 2018. But since then, trends have shifted, sales have slid, debt has mounted and its main investor, the private equity firm TPG Capital, is ready to move on.
Beauty
Venrex and the British Beauty Council Launch Beauty Venture Fund
The fund, Venrex BBCo I, will make investments of around $130,000 to $1.3 million in a variety of consumer and B2B beauty businesses.
Venrex and the British Beauty Council Launch Beauty Venture Fund
The fund, Venrex BBCo I, will make investments of around $130,000 to $1.3 million in a variety of consumer and B2B beauty businesses.
Beauty
Beauty On-Demand Provider Ruuby Raises $2.6 Million
The investment was led by Praetura Equity Finance, a Manchester-based fund dedicated to British businesses.
Beauty On-Demand Provider Ruuby Raises $2.6 Million
The investment was led by Praetura Equity Finance, a Manchester-based fund dedicated to British businesses.
Beauty
Report: Activist Investor Starboard Targets Neutrogena Owner Kenvue
Per The Wall Street Journal, the hedge fund has taken a stake in the ailing consumer products firm, which has seen its stock price slide more than 18 percent since going public last year.
Report: Activist Investor Starboard Targets Neutrogena Owner Kenvue
Per The Wall Street Journal, the hedge fund has taken a stake in the ailing consumer products firm, which has seen its stock price slide more than 18 percent since going public last year.
The News in Brief
Soshe Launches at Ulta Beauty
The refillable clean makeup brand will enter the complexion category as it makes its debut across over 700 Ulta Beauty doors.
Shein Said to Weigh Cost Reset for Late Backers Before IPO
The retailer is considering lowering the investment cost for late backers who came in at a valuation of up to $64 billion as it prepares to list at a much lower value, people familiar with the matter said.
GLP-1 and Cosmeceutical Skincare Usage Spike Bathroom Mini Fridge Demand
As shoppers incorporate weight-loss drugs and more sophisticated skincare into their daily routines, a cottage industry is growing.
The Met’s Next Fashion Blockbuster Will Spotlight Galliano
The fashion icon, as famous for his singular talent as a scandal that cost him one of the industry’s top jobs, will become one of only three living designers to get a major solo exhibition at the museum.
Abbvie Earnings Beat Estimates as Botox Shows Signs of Revival
Abbvie reported second quarter profit and sales that topped expectations, driven by strong demand across its immunology and neuroscience franchises and further signs of a recovery in Botox.
Puma Results Show Progress on Turnaround
The German sports brand posted a narrower loss in the second quarter as it pushed ahead with an effort to restore growth next year.
DSM-Firmenich’s Fragrance-Led Core Profit Beat Sends Shares Higher
DSM-Firmenich beat market expectations for second-quarter core earnings, said full-year sales growth should reach the upper end of its target range on the back of broad-based volume growth.