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.
textiles
News & Analysis
'Do You Like my Eel Skin Purse and Spray-On Dress?'
"The conventional leather industry is being shaken up by new fashion innovators that are developing leather-like fabrics out of unlikely materials,
The News in Brief
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.
Moncler Reports Flat Q3 Revenue on Weak Tourist Spending in Europe
Performance was weighed down by the core Moncler brand, known for its puffer jackets, which posted a 1 percent decline in revenue during the quarter.
Puig Beats Forecasts as Makeup Growth Offsets Skincare Dip
Sales rose 5.6 percent on strong demand for Charlotte Tilbury cosmetics, as both skincare and fragrance cooled slightly.