AS Watson sales up 8% in 2023 to $23.4bn
Hong Kong-based AS Watson generated revenue of HK$183.3bn ($23.4bn) in the year ended December 31, 2023, up 8% over last year.
Lalique Group sales up 5% in 2023
Lalique Group has reported operating revenue of about €179.2m in its preliminary, unaudited figures for the 2023 financial year.
Unilever to cut 7,500 jobs
Unilever is to cut around 7,500 jobs globally which is expected to save the company approximately €800m.
Ulta Beauty to expand to Mexico, sales up 10.2% in Q4
Ulta Beauty is to form a joint venture with brand distributor Grupo Axo to launch and operate Ulta Beauty in Mexico in 2025.
Kohl’s sales down 1.1% in Q4
US-based department store chain Kohl’s has reported fourth quarter net sales fell 1.1% year-over-year to $5.7bn.
Natura &Co sales down 17.4% in Q4 2023, net loss widens
Natura &Co has reported consolidated net revenue in Q4 2023 rose 4.5% in constant currency to BRL 6.6bn ($1.32bn).
HMV owner considering rescue bid for The Body Shop
Canadian businessman Doug Putman is considering a rescue bid for The Body Shop, according to the Telegraph.
Douglas Group sets share price range for IPO
German beauty retailer Douglas Group has set the price range for its IPO on the Frankfurt Stock Exchange at €26.00 to €30.00 per share.
Nordstrom unveils key priorities for 2024
US-based retailer Nordstrom has unveiled its three key priorities for 2024 in its Q4 2023 earnings call.
Puig sees record revenues of €4.3bn in 2023
Spanish company Puig reported record net revenues of €4.3bn in 2023, a rise of 19% compared to 2022.
Avolta core turnover up 21.6% in 2023
Avolta has reported consolidated turnover of CHF 12.78bn ($14.5bn) in FY 2023.
Target unveils new strategy as sales fall 4.4% in Q4
Target unveiled plans that involves opening new stores, expanding its own-brands and re-introducing its loyalty program.
Symrise sales up 2.4% in 2023
The Symrise Group saw sales of €4.73bn in the 2023 fiscal year, a rise of 2.4% in the reporting currency.
Beiersdorf sales up 10.8% in 2023, luxury brands see double-digit declines
Beiersdorf’s sales for the full year 2023 rose 10.8% on an organic business to €9.5bn.
Interparfums net income up 19% in 2023, confident for 2024
France-based Interparfums reported a 19% increase in net income in 2023 to €118.7m
Famille C Participations takes stake in Evok Collection hotel business
Famille C Participations takes stake in Evok Collection hotel business
Beauty appointment reservation company Planity raises €45m
French online beauty appointment reservation company Planity has raised €45m in series C funding
IFF Scent segment sales up 8% in 2023
Flavor and fragrance company IFF’s net sales fell 5% in the fourth quarter to $2.7bn
Robertet 2023 sales up 2.6%
French flavor and fragrance company Robertet's sales rose 2.6%
The Body Shop files for insolvency for German business
The Body Shop has filed for insolvency for its German business, according to German newspaper Bild.
dsm-firmenich sales down 7% in 2023, to separate Animal Nutrition & Health business
Dsm-firmenich has reported sales fell 7% in 2023 to €12.3bn on a pro-forma basis.
Douglas EBITDA up 12.6% in Q1
Douglas has reported it has increased its profitability in the first quarter and generated an adjusted EBITDA of €348.3m.
The Body Shop owners to call in administrators for UK business
The new owner of The Body Shop, private equity firm Aurelius, is lining up administrators for its British arm.
Shiseido sales down 8.8% in 2023
Shiseido has reported net sales for 2023 fell 8.8% year-over-year to ¥973bn ($6.53bn) on a reported basis.
Key takeaways on the beauty market from L’Oréal’s annual meeting
BW Confidential highlights the key takeaways from L'Oréal's annual
L’Oréal invests in Chinese fragrance brand To Summer
L’Oréal has made a minority investment in Chinese fragrance brand To Summer.
Hermès Perfumes & Beauty sales up 9.8% in 2023
Hermès reported sales rose 13% at current exchange rates in the fourth quarter of 2023 to €3.3bn.
L’Oréal sales up 7.6% in 2023
L'Oréal sales up 7.6% in 2023
Unilever turnover down 0.8% in 2023
Unilever reported turnover fell 0.8% to €59.6bn in 2023.
Coty sales up 13% in Q2
Coty has experienced sales growth of 13% as reported and 11% like-for-like in the second quarter of fiscal year 2024.