Report: Abercrombie to Seek Fresh Backers for China Business
The US-listed company is conducting a review of its Chinese assets and may sell a stake in the unit, which could be valued at several hundred million dollars, Bloomberg reported.
investment
Beauty
The Body Shop’s Remaining UK Stores Saved After Rescue Deal Agreed
The Body Shop has been rescued from administration by a consortium led by the British cosmetics tycoon Mike Jatania in a deal that will keep the ethical beauty brand’s remaining 113 UK stores trading.
The Body Shop’s Remaining UK Stores Saved After Rescue Deal Agreed
The Body Shop has been rescued from administration by a consortium led by the British cosmetics tycoon Mike Jatania in a deal that will keep the ethical beauty brand’s remaining 113 UK stores trading.
Luxury
Why Theophilio Is Giving Fashion Week Another Shot
The New York-based label will return to the schedule after a three-season hiatus. This time around, the business is in a much healthier financial state, said designer Edvin Thompson, and is now eyeing a supply chain expansion.
Why Theophilio Is Giving Fashion Week Another Shot
The New York-based label will return to the schedule after a three-season hiatus. This time around, the business is in a much healthier financial state, said designer Edvin Thompson, and is now eyeing a supply chain expansion.
Beauty
Report: Unilever Mulls Sale of Kate Somerville and Ren Clean Skincare
Unilever is looking to dispose of the two prestige skincare brands, and has retained Pricewaterhousecoopers to explore a sale, per Sky News.
Report: Unilever Mulls Sale of Kate Somerville and Ren Clean Skincare
Unilever is looking to dispose of the two prestige skincare brands, and has retained Pricewaterhousecoopers to explore a sale, per Sky News.
Retail
Walmart Sells $3.74 Billion JD.com Stake to Focus on Its Own China Operations
The US retail giant plans to double down on its warehouse business Sam’s Club in China after the stake sale that underscores the country’s e-commerce sector, once an investor darling, is losing its appeal as it grapples with poor margins due to brutal price competition and weak consumer demand.
Walmart Sells $3.74 Billion JD.com Stake to Focus on Its Own China Operations
The US retail giant plans to double down on its warehouse business Sam’s Club in China after the stake sale that underscores the country’s e-commerce sector, once an investor darling, is losing its appeal as it grapples with poor margins due to brutal price competition and weak consumer demand.
Beauty
Berkshire Hathaway Takes Stake in Ulta Beauty
Berkshire added 690,106 shares of Ulta and 1.04 million shares of Heico, according to a regulatory filing.
Berkshire Hathaway Takes Stake in Ulta Beauty
Berkshire added 690,106 shares of Ulta and 1.04 million shares of Heico, according to a regulatory filing.
Entrepreneurship
How to Grow a $100 Million Brand: Reinforcing Your Foundation | BoF Insights
In the third and final part of this series, BoF Insights spoke with investors and brand leaders about how to secure future growth before pursuing costly expansion activities in today’s tough financing environment.
How to Grow a $100 Million Brand: Reinforcing Your Foundation | BoF Insights
In the third and final part of this series, BoF Insights spoke with investors and brand leaders about how to secure future growth before pursuing costly expansion activities in today’s tough financing environment.
Beauty
Rōz Hair Care Secures Growth Equity Investment From Silas Capital and G9 Ventures
Silas Capital and G9 Ventures participated in the seed round, joining celebrity angel investors Mila Kunis, Lily Collins and Zoe Saldana.
Rōz Hair Care Secures Growth Equity Investment From Silas Capital and G9 Ventures
Silas Capital and G9 Ventures participated in the seed round, joining celebrity angel investors Mila Kunis, Lily Collins and Zoe Saldana.
Beauty
How Bootstrapped Beauty Brands Are Growing
As the beauty industry has grown in value and saturation, emerging brands have often leant on outside investment to grow. But for those who don’t want – or can’t access – external funding, a more roundabout path is needed.
How Bootstrapped Beauty Brands Are Growing
As the beauty industry has grown in value and saturation, emerging brands have often leant on outside investment to grow. But for those who don’t want – or can’t access – external funding, a more roundabout path is needed.
Beauty
Shiseido Stock Falls Sharply, Prompting Trading Halt
Shiseido Co. Ltd’s stock fell the most in almost 37 years on Thursday, leading to a trading halt, after reporting a first half loss due to weak demand from China and production issues in the US.
Shiseido Stock Falls Sharply, Prompting Trading Halt
Shiseido Co. Ltd’s stock fell the most in almost 37 years on Thursday, leading to a trading halt, after reporting a first half loss due to weak demand from China and production issues in the US.
Beauty
Nivea Maker Beiersdorf’s Sales Grow Despite China’s Luxury Slowdown
Beiersdorf reported 7.1 percent organic sales growth for the first half of the year on Wednesday, driven by double-digit percentage growth in its flagship skincare brand Nivea.
Nivea Maker Beiersdorf’s Sales Grow Despite China’s Luxury Slowdown
Beiersdorf reported 7.1 percent organic sales growth for the first half of the year on Wednesday, driven by double-digit percentage growth in its flagship skincare brand Nivea.
Beauty
Olaplex Sales Fall, But Company Says Recovery Is on Track
Sales in speciality retail stores rose 22.4 percent, but were dragged down by poor performance in its professional and direct-to-consumer channels.
Olaplex Sales Fall, But Company Says Recovery Is on Track
Sales in speciality retail stores rose 22.4 percent, but were dragged down by poor performance in its professional and direct-to-consumer channels.
Luxury
Bernard Arnault Confirms He Owns ‘Very Minor Stake’ in Richemont
News of the shareholding triggered questions around his intentions for the investment in the group which maintains a strong defense against unwanted suitors.
Bernard Arnault Confirms He Owns ‘Very Minor Stake’ in Richemont
News of the shareholding triggered questions around his intentions for the investment in the group which maintains a strong defense against unwanted suitors.
The News in Brief
Chanel Sales Up 16% in First Half
Chanel’s sales are accelerating after returning to growth last year, Bloomberg reported citing an unnamed source. Beauty sales rose 8 percent.
P&G to Buy Supplement Maker Thorne for $3.8 Billion
Shailesh Jejurikar, chief executive of the American personal care conglomerate, told CNBC it will acquire the line from LVMH-backed private equity firm L Catterton.
Eli Lilly to Offer Early Access to Next-Gen Obesity Drug to Some Patients
Eli Lilly said on Monday it would allow a limited number of patients to have early access to its experimental obesity drug, retatrutide, before its US FDA approval.
India’s Nykaa Posts Higher Quarterly Profit on Strong Beauty Demand, Fashion Growth
India’s FSN E-Commerce Ventures, which operates beauty and fashion retailer Nykaa, reported a more than three-fold rise in quarterly profit on Tuesday, boosted by strong growth in its beauty business and a sharp acceleration in fashion sales.
Ferragamo Returns to Profit as Relaunch Strategy Advances
The Italian luxury brand swung to a net profit for the first half after growing sales in the second quarter, with turnaround efforts particularly evident in its directly owned shops.
Shein Seeks $30 Billion to $40 Billion Valuation for August IPO, Sources Say
The valuation target marks a dramatic reset for Shein, which plans to launch its IPO as early as mid-August, three people familiar with the matter said.
Zalando Narrows Profit Outlook, Sees Growth at Lower End of Range
The online fashion retailer said 2026 revenue and growth will land in the lower half of its previously guided range and narrowed its adjusted operating profit outlook.