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.
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.