Swedish Hair Brand Björn Axén Names New CEO
Onur Aktas has been appointed chief executive of the Stockholm-based label as it plots global expansion.
Beauty
Analysis and advice on the fast-evolving beauty business.
Estée Lauder to Boost Black Hiring and Donations After Employee Complaints
The company will also donate $10 million over three years to the NAACP and other racial equality organizations.
Beauty Brands Get a Wake-Up Call. Will They Listen?
Many brands have expanded their foundation shade ranges and added more black models to their marketing campaigns. But the uneven response to the George Floyd protests shows the industry has a long way to go.
What Charlotte Tilbury Can Do for Puig
The Spanish group acquired a majority stake in the buzzy British label, significantly boosting its presence in the beauty market.
Coty to Collaborate With Kim Kardashian for Cosmetics Line
The cosmetics company announced it's in talks with the reality TV star to produce a beauty line after buying a majority stake in Kylie Cosmetics last year.
How Successful Beauty Founders Are Managing the Crisis
BoF spoke to five experienced entrepreneurs about how they steered their businesses through times of adversity — and how they are managing now in the face of Covid-19.
Is Bath & Body Works' Pumpkin Spiced Success Pandemic-Proof?
Bath & Body Works, whose hand sanitisers and soaps are in high demand, is more important than ever as L Brands tries to pick up the pieces after the failed Victoria’s Secret deal amid a global pandemic.
Bath & Body Works Buoys Parent L Brands Amid Coronavirus Crisis
Despite a drop in total sales, digital purchases almost doubled from a year earlier to $289 million in the first quarter.
Why Beauty Brands Need to Step Up Their E-Commerce Game. Now.
Beauty brands that have invested in building strong direct businesses could be better positioned to weather the pandemic than ones that rely on brick and mortar retailers, many of which are closed or about to go out of business.
#BoFLIVE: Beautycon’s Moj Mahdara on How the Beauty Industry Is Moving Forward
The beauty entrepreneur shares tips on how to adapt to your new circumstances during the pandemic.
Parisians Head Back to Beauty Stores and Salons
After exiting an eight-week coronavirus lockdown, Parisians were already making their way back to cosmetics stores and beauty parlours on Tuesday.
L'Oréal Cancels 10.4% Dividend Increase
The beauty group will instead stick to the same payout per share it made in 2019.
Coty to Sell Majority Stake in Hair Businesses to Investment Firm KKR in $4.3 Billion Deal
The cosmetics maker also said third-quarter sales declined 23 percent to $1.53 billion in the three months ended March 31.
THE NEWS IN BRIEF
Dolce & Gabbana Beauty Grows Double Digits
The Italian cosmetics label expects to maintain its growth trajectory in 2026 after surpassing €1 billion ($1.12 billion) in wholesale revenues last year.
Laani and Boldpurity Are Among This Year’s Estée Lauder, Nykaa Beauty&You Winners
The programme, now in its fifth year, reflect the US beauty giant’s commitment to the Indian market.
Douglas Group Names New CEO
Jean-Marc Bellaiche will succeed outgoing Sander van der Laan as chief executive of the German beauty retailer.
Galderma to Acquire ZO Skin Health for $1.5 Billion
The Swiss firm agreed to purchase the medical-grade skincare company from private equity firm Blackstone and the founding Obagi family to expand its US portfolio.
Givaudan Sales Beat Expectations on Fine Fragrance Strength
A surge in sales of scents for luxury perfumes and a continued recovery in flavours drove the Swiss firm’s organic sales growth clearly beyond market expectations in the third quarter, lifting its shares on Tuesday.
Isamaya Ffrench Has Departed Namesake Brand
The makeup artist has not been involved with Isamaya Beauty for over a year, sources told The Business of Beauty.
Boots Acquired by Canada’s Weston Family for $8.9 Billion
The Westons agreed on Wednesday to buy the UK's Boots from Sycamore Partners and the Pessina family, pledging to invest in the retailer's stores and online and expand healthcare services.