Tylenol-maker Kenvue on Thursday beat Wall Street estimates for first-quarter revenue and profit helped by strong sales in its skin health and beauty brands.
The company will leverage its omnichannel network to scale the label, citing India as a priority market.
Cosmetics giant Estée Lauder is considering launching a takeover bid for all of Puig’s Class B shares at 18 to 19 euros ($21 to $22.20) a share, said a source close to the matter.
The US cosmetics giant has hired JP Morgan to take the lead on structuring a finance package of about €5 billion to fund its potential tie-up with Puig.
The French group said it would support the international expansion of ICCF’s flagship label Icicle while drawing on ICCF’s expertise in China as part of a major strategic overhaul.
The Italian footwear brand has begun marketing an €880 million bond sale to finance its acquisition by Chinese firm HSG.
Unilever said on Thursday it will buy US-based nutritional supplements brand Grüns for an undisclosed amount, as the British consumer goods giant increases its focus on wellbeing and beauty products.
The founding families of the Spanish firm and US cosmetics giant will meet this week in New York to negotiate the terms of a potential business combination, a source said.
This week’s round-up of global markets fashion business news also features Vietnam’s textile exports, India’s gold prices and China’s new e-commerce guidelines.
The retailer confirmed negotiations to acquire a majority stake in the clean skincare brand, as it looks to further consolidate its foothold in the booming Indian beauty market.
By shedding its food and ice cream businesses, Unilever is betting big on beauty. But matching the scale, valuation and category depth of rivals like L’Oréal and The Estée Lauder Companies will require sharper focus and strategic discipline.
The Chinese beauty conglomerate’s revenue grew 29.8 percent in the latest quarter, but its profit decreased by double digits due to increased promotional expenses as it expands overseas.
Shares jumped after the group raised its annual revenue and profit forecasts and said it expected sales to return to growth.
The German sportswear business is attempting to reboot its brand appeal to better compete with larger rivals Adidas and Nike.
The Tata Group-owned business beat expectations, shoring up confidence in its fashion business after a period of sluggish performance.
Chasity Monroe has been appointed as the label’s chief executive as it undergoes a wider brand refresh.
The Korean firm and Medicube owner reported third quarter revenue growth of over 100 percent, mostly attributed to the expansion of its skincare range into new markets, channels and product categories.
Celebrity-makeup artist Ash K. Holm will join the “smart” mirror brand for a year-long partnership focusing on guidance and education.
Revenue growth outpaced the previous quarter in the Korean conglomerate’s domestic market, but slowed internationally.