Elle Launches Moroccan Edition
Hitting newsstands in October, the magazine marks Elle’s 51st international edition, published under licence by the Geomedia group.
saks
News & Analysis
Saks' pricing, Runway change, Indian retail squeeze, Show must go on in New York
Saks Upends Luxury Market With Strategy to Slash Prices ( WSJ) Saks' deep discounting before the holiday season will have a long-term effect on the
The News in Brief
David’s Bridal Plans Spinoff and IPO of AI Wedding Planning Platform Pearl
Pearl, a subsidiary of David’s Bridal, will own David’s Bridal and license its intellectual property back to the bridalwear brand. David’s Bridal CEO Kelly Cook will serve as Pearl’s CEO.
L’Oréal Sales Beat Expectations as Premium Products Surge
The French giant handily beat expectations on strong demand for hair products at salons and premium skincare from its dermatological division.
P&G Beats Revenue Estimates, Flags Bigger Hit to Annual Profit
The maker of Pantene shampoo was helped by strong personal care demand, but expects higher commodity costs to reduce profit by about $1.4 billion this year.
Patrick Ta Beauty Announces New Creative and Marketing Leadership
Haus Labs executive Angela Simpson and Carolyne Rapp have joined as chief marketing officer and vice president of creative respectively as the brand readies for further global expansion.
Hermès Sales Miss Estimates as Chinese Shoppers Curb Spending
The French leather goods powerhouse reported no sales growth in Asia-Pacific excluding Japan, its biggest market, last quarter.
The Lede Company Acquires London-Based Agency Aisle 8
As part of the acquisition, Aisle 8 founder Lauren Winslade will join Lede as president of brand for its UK office, bolstering the agency’s presence in the region.
EBay Will Lay Off 9% of Workforce
The online marketplace is looking to simplify operations and shift resources to its fastest-growing areas, Reuters reported.