Sycamore Partners said to be interested in taking Nordstrom private
Sycamore Partners is one of the buyout equity firms that have expressed interest in taking Nordstrom private.
dsm-firmenich sales down 2% in Q1
Dsm-firmenich reported sales fell 2% in the first quarter of 2024 to €3.07bn.
ELC Q3 sales up 5%, travel retail improves
Estée Lauder Companies’ (ELC) sales rose 5% to $3.94bn for its third quarter ended March 31, 2024
Puig sets share price for IPO
Puig has set the price guidance for its IPO at €24.50 per share, the top end of a previously reported range.
L’Occitane owner offers to buy out company
L’Occitane International’s owner Reinold Geiger has made an offer to take the French cosmetics company private.
Unilever’s sales up 4.4% in Q1
Unilever reported underlying sales increased 4.4% in the first quarter of 2024.
Symrise sales up 5% in Q1
Symrise reported sales rose 5% in its reporting currency to €1.29bn in the first quarter of 2024.
Hermès Perfume and Beauty sales up 4.3% in Q1
Hermès reported consolidated revenue of €3.8bn in the first quarter of 2024.
Interparfums sales down 1% in Q1
Interparfums has reported sales of €212.7m in the first quarter of 2024.
PZ Cussons to sell St. Tropez
PZ Cussons is to sell the self-tanning brand St. Tropez.
THG Beauty revenue down 4.2% in 2023
THG reported revenue fell 8.4% year-over-year in its preliminary results for the financial year ended December 31, 2023.
P&G net sales up 1% in Q3
P&G reported net sales were up 1% in the third quarter fiscal year 2024 to $20.2bn.
L’Oréal sales up 8.3% in first quarter 2024
L’Oréal said it saw a very good start to the year, with sales up 8.3% to €11.24bn in the first quarter
Puig looks to valuation of up to €13.9bn in IPO
Puig is to sell its shares at between €22 and €24.50 per share in its IPO.
Eurofragance sales up by more than 20% in 2023
Eurofragance reported sales rose in 2023 by more than 20% on a like-for-like basis versus 2022 to €146m
LVMH Perfumes & Cosmetics revenues up 3% in Q1
LVMH’s sales fell 2% in the first quarter of 2024 to €20.7bn. On an organic basis, revenues rose 3%.
Beiersdorf organic sales up 7.3% in Q1
Beiersdorf has reported organic sales increased 7.3% to €2.6bn in the first quarter.
Douglas Group reduces debt as sales increase 11.5% in Q2
Douglas Group has reduced its net debt by one billion euros following its listing on the Frankfurt Stock Exchange.
Robertet net income down 1.9% in 2023
Robertet reported consolidated net income was €74.6m in 2023, a fall of 1.9% compared to 2022
Givaudan sales up 12.6% in Q1
Givaudan has reported sales of CHF 1.82bn ($1.97bn) in the first three months of 2024, up 12.6% on a like-for-like basis.
Croda’s Fragrances and Flavours sales surpass €290m in 2023
Croda’s Fragrances and Flavours (F&F) business reported sales surpassed €290m for the first time in 2023, increasing by 17%.
Estée Lauder Companies fund invests in KIKI World
KIKI World has received $7m in funding led by venture capital fund a16z crypto and The Estée Lauder Companies' New Incubation Ventures.
Puig announces plans to list on stock exchange
Spanish company Puig announced that it plans to float on the
Manzanita Capital said to be preparing to sell Space NK
Private investment firm and owner of Space NK, Manzanita Capital, is preparing to sell the beauty retailer for over £300m, according to Sky News.
L’Oréal said to be considering stake in Amouage
L’Oréal is said to be considering a possible investment in Omani fragrance brand Amouage.
Ulta Beauty’s share price falls on talk of cooling consumer demand
Ulta Beauty’s stock fell as much as 15% on Wednesday April 3, the most since March 2020, according to Bloomberg.
Fable Investments acquires stake in Eadem
Natura &Co’s corporate venture capital arm, Fable Investments, has invested in beauty brand Eadem.
Saks Fifth Avenue in talks to raise financing to buy Neiman Marcus
The owners of Saks Fifth Avenue are in talks to raise financing to boost the cash portion of a bid to buy rival Neiman Marcus
Boots sales up 5.9% in Q2
UK-based retailer Boots reported retail sales growth of 5.9% for the second quarter of the year.
900.care raises €21m in funding
France-based refillable personal-care brand 900.care has raised €21m in funding.