Perfume Maker Givaudan’s Sales Beat Estimates, Tariff Paybacks Weigh on Shares
Givaudan’s second-quarter organic sales came in ahead of market estimates on Thursday, but its shares fell 5 percent on litigation costs and tariff repayments.
mergers-acquisitions
Beauty
Estée Lauder Eyes M&A Opportunities to Help Turnaround, CEO Says
The US beauty giant is open to acquisitions as it enters the second year of a turnaround plan, chief executive officer Stéphane de La Faverie told Bloomberg.
Estée Lauder Eyes M&A Opportunities to Help Turnaround, CEO Says
The US beauty giant is open to acquisitions as it enters the second year of a turnaround plan, chief executive officer Stéphane de La Faverie told Bloomberg.
Retail
EBay Acquires Depop from Etsy for $1.2 Billion
With the purchase, the e-commerce giant is gaining a critical foothold with younger shoppers and will expand its share in luxury resale.
EBay Acquires Depop from Etsy for $1.2 Billion
With the purchase, the e-commerce giant is gaining a critical foothold with younger shoppers and will expand its share in luxury resale.
Beauty
Merit Isn’t For Beauty Lovers. That’s the Point.
The Millennial beauty label has doubled its sales since 2023 by focusing on an underserved, makeup-ambivalent consumer. But whether that strategy will lead to an exit remains to be seen.
Merit Isn’t For Beauty Lovers. That’s the Point.
The Millennial beauty label has doubled its sales since 2023 by focusing on an underserved, makeup-ambivalent consumer. But whether that strategy will lead to an exit remains to be seen.
Retail
Mytheresa Parent Company Returns to Growth in Sales and Profits
LuxExperience, which comprises the German luxury e-tailer and Yoox Net-a-Porter, logged increases in net sales and adjusted EBITDA after both fell in the previous quarter.
Mytheresa Parent Company Returns to Growth in Sales and Profits
LuxExperience, which comprises the German luxury e-tailer and Yoox Net-a-Porter, logged increases in net sales and adjusted EBITDA after both fell in the previous quarter.
Retail
Ssense Owners Receive Court Approval to Buy Back Company
The closing of the transaction that will see the embattled e-tailer’s founders retain ownership is still pending regulatory approval, according to an internal memo viewed by BoF.
Ssense Owners Receive Court Approval to Buy Back Company
The closing of the transaction that will see the embattled e-tailer’s founders retain ownership is still pending regulatory approval, according to an internal memo viewed by BoF.
Beauty
Rhode Drives Third-Quarter Growth for E.l.f. Beauty
Projected to exceed $360 million in annual sales, Rhode remained the company’s fastest-growing brand, driving sales momentum.
Rhode Drives Third-Quarter Growth for E.l.f. Beauty
Projected to exceed $360 million in annual sales, Rhode remained the company’s fastest-growing brand, driving sales momentum.
Beauty
Why Pat McGrath Labs Filed for Bankruptcy
Once valued at $1 billion, the makeup brand has struggled to balance its creative point of view with commercial viability.
Why Pat McGrath Labs Filed for Bankruptcy
Once valued at $1 billion, the makeup brand has struggled to balance its creative point of view with commercial viability.
Luxury
Richemont Sells Watchmaker Baume & Mercier to Italy’s Damiani
The Swiss company has agreed to sell the nearly 200-year-old watchmaker to Italy’s Damiani Group amid a market slowdown for luxury timepieces.
Richemont Sells Watchmaker Baume & Mercier to Italy’s Damiani
The Swiss company has agreed to sell the nearly 200-year-old watchmaker to Italy’s Damiani Group amid a market slowdown for luxury timepieces.
Retail
Next Buyout Saves Footwear Brand Russell & Bromley
The retailer bought the chain out of administration for £3.8 million, but about 400 jobs are likely to be lost in the deal.
Next Buyout Saves Footwear Brand Russell & Bromley
The retailer bought the chain out of administration for £3.8 million, but about 400 jobs are likely to be lost in the deal.
Beauty
Bain Said to Make Finetoday Bid, Eyes Asia Beauty Market
Bain Capital has made a binding offer for Japanese personal-care group Finetoday Holdings Co., according to people familiar with the matter.
Bain Said to Make Finetoday Bid, Eyes Asia Beauty Market
Bain Capital has made a binding offer for Japanese personal-care group Finetoday Holdings Co., according to people familiar with the matter.
Beauty
Exclusive: L Catterton Invests in Ex Nihilo
The LVMH-backed private equity firm has taken a large minority stake in the high perfumery brand, which looks to push deeper into the US market.
Exclusive: L Catterton Invests in Ex Nihilo
The LVMH-backed private equity firm has taken a large minority stake in the high perfumery brand, which looks to push deeper into the US market.
Beauty
The Hottest Beauty M&A Targets of 2026
My take on the beauty brands that are going to cross the finish line this year.
The Hottest Beauty M&A Targets of 2026
My take on the beauty brands that are going to cross the finish line this year.
The News in Brief
Trump to Impose Forced Labour Duties on Friday as Temporary 10% US Tariffs Expire
The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February struck down his ‘reciprocal’ duties.
LVMH Appoints General Manager of Fragrance
Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.
India Changes Rule in Win for Foreign E-Commerce Companies
In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.
Skincare Brand Prequel Appoints C-Suite
The dermatologist-developed label has named Nathalie Kristo as its first chief executive officer and Toral Patel as chief marketing officer.
Moncler Group Second-Quarter Sales Rise 5% as Stone Island Brand Outperforms
Stone Island’s strong performance helped offset slower growth at the Moncler brand, as the group continues its push to become less dependent on its iconic winter outerwear.
Mulberry Quarterly Sales Jump 23% as Turnaround Gathers Pace
The British luxury handbag maker reported a strong start to fiscal 2027 as CEO Andrea Baldo’s strategy gains traction and the brand gears up for designer Christopher Kane’s runway debut in September.
Phillip Lim Announces New Brand PlayLoveWin
The designer departed his namesake label 3.1 Phillip Lim in November 2024 to pursue personal projects.