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.
Interparfums forecasts €880m-€900m in sales for 2024
Interparfums has projected it will reach annual sales of €880-€900m in 2024.
Macy’s sales and profits fall in Q3
US-based retailer Macy’s reported a 7% decline in net sales to $4.8bn in the third quarter.... Natura sales fall in Q3, weighed down by The Body Shop
Brazil-based Natura &Co’s sales fell 0.7% to R$7.5bn ($1.5bn) in the third quarter
Shiseido sales fall in Q3 on China and travel-retail declines, cuts forecast
Shiseido’s sales in the third quarter fell 2%, due to declines in China and travel retail
Coty sales up 18% in Q1, cancels sale of Wella stake
Coty has reported sales grew 18% to $1.64bn for the first quarter of fiscal year 2024.
IFF sales fall 8% in Q3
International Flavors & Fragrances’ (IFF) net sales dropped 8% in the third quarter to $2.82bn.
Unilever Ventures and True Beauty Ventures invest in The 7 Virtues
Unilever Ventures has partnered with True Beauty Ventures to complete the first institutional financing round for The 7 Virtues.
Dufry turnover up 16% in Q3
Dufry – soon to be named Avolta – has reported core organic growth of 16% for the combined group compared to the year prior.