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.
AXIS-Y opens flagship store in Seoul
Korean skincare brand AXIS-Y has opened its flagship store in Seoul's Gangnam district.
Estée Lauder Companies to cut 3%-5% of workforce
Estée Lauder Companies is to cut 3-5% of jobs as part a new restructuring program.
The Body Shop to sell business in most of Europe and parts of Asia
The Body Shop has inked an agreement with an international family office to sell its business in a majority of mainland Europe and in parts of Asia.
L’Occitane International sales up 19.5% in Q3
L’Occitane International reported net sales of €843.4m in the third quarter, representing an increase of 19.5% on a reported basis.
LVMH perfumes & cosmetics sales up 11% in 2023
LVMH reported a 13% increase in revenues in 2023 to €86.2bn,
Givaudan full year 2023 sales up 4.1%
Givaudan has reported full year sales in 2023 were CHF 6.91bn ($7.99bn), up 4.1% on a like-for-like basis.
Interparfums 2023 sales up 13%
Interparfums’ sales rose 13% in 2023 to €798.5m.
P&G net sales up 3% in Q2
P&G reported second quarter fiscal year 2024 net sales of $21.4bn, up 3% compared to the prior year.
Natura &Co to delist from the New York Stock Exchange
Brazilian beauty company Natura &Co is to end its secondary listing on the New York Stock Exchange.
Eurazeo takes minority stake in Ex Nihilo
Eurazeo has taken a minority investment of around €25m in French niche fragrance brand Ex Nihilo.
THG beauty revenue up 2.6%in Q4
THG has reported continuing revenue growth of +1.1% in the fourth quarter of 2023.
Douglas sales up 8.3% in Q1
Douglas has reported net sales grew 8.3% to approximately €1.56bn in the first quarter.
Sa Sa International turnover up 36.7% in Q3
Sa Sa International has reported its turnover grew 36.7% year-over-year for the third quarter.
Cosnova sales up 32% in 2023
German beauty company cosnova has reported sales grew by 32% compared to 2022.
Galeria Karstadt Kaufhof files for bankruptcy
German department store chain Galeria Karstadt Kaufhof has filed for bankruptcy.
Ushopal Group invests in Chinese fragrance brand Documents
Ushopal Group has invested in high-end Chinese fragrance brand Documents.
Boots sales up 9.8% in Q1
Boots reported sales grew 9.8% year-over-year in the first quarter.
Dubai Duty Free reports sales of $2.16bn in 2023
Dubai Duty Free has reported record sales of US$2.16bn in 2023.
Hi!Papa completes Series A+ fundraising round led by L Catterton
Hi!Papa has completed a Series A+ fundraise led by investment firm L Catterton.
Douglas sales up 9.1% in Q4
Douglas reported a 9.1% increase in sales to
Estée Lauder Companies’ incubator invests in Chinese fragrance brand
Estée Lauder Companies has invested in Chinese fragrance brand Melt Season.
Ulta Beauty sales up 6.4% in Q3, names new CFO
Ulta Beauty has reported net sales rose 6.4% to $2.5bn for the third quarter.