LVMH sales down 17% in 2020, cautiously confident for 2021
LVMH reported a 17% decline in sales (-16% on an organic basis) in 2020 to €44.7bn. The...January 26, 2021
IFF expects sales to remain flat in full year 2020
International Flavors & Fragrances’ (IFF) expects sales for the fourth quarter, the quarter ending December 31, to...January 26, 2021
Interparfums sales down 24% for 2020
Interparfums reported better-than-expected sales for 2020, down 24% over 2019 to €367.4m. At the beginning of December...January 26, 2021
P&G sales up 8% in second quarter fiscal year 2021
P&G’s sales for the second quarter of its fiscal year 2021 (three months ended December 31) grew...January 20, 2021
The Hut Group beauty revenue up 57.1% in full year 2020
UK-based The Hut Group’s (THG) revenue rose 41.4% to £1.61bn ($2.19bn) in the full year 2020 compared...January 12, 2021
Cathay Capital takes minority stake in Juliette has a gun
Investment firm Cathay Capital has taken a minority stake in French fragrance brand Juliette has a gun....January 12, 2021
L’Occitane’s Obratori invests in sustainable deodorant brand Paper Cosmetics
Sustainable deodorant brand Paper Cosmetics has closed its initial funding round led by L’Occitane Group’s venture capital...January 8, 2021
Walgreens Boots Alliance sales up 5.7% in first quarter fiscal 2021
Walgreens Boots Alliance (WBA) sales rose 5.7% year-over-year to $36.3bn in the first quarter of fiscal 2021,...January 7, 2021
Perfect Corp raises $50m in series C funding
AI and AR beauty company Perfect Corp has raised $50m in a series C funding round led...January 7, 2021
Indian online beauty retailer Nykaa planning IPO, says report
Indian online beauty retailer Nykaa E-Retail Pvt is planning an initial public offering (IPO) that would value...January 6, 2021
Intercos to sell minority stake
Cosmetics manufacturer Intercos president and executive chairman Dario Ferrari and his family holdings Dafe are set to...December 8, 2020
Beauty social commerce app Agora raises $6.6m in seed round
UK-based beauty social commerce platform Agora has raised $6.6m in seed funding led by venture capital firm...December 7, 2020
Ulta third quarter net sales down 7.8%
US-based beauty retailer Ulta Beauty’s net sales fell 7.8% year-over-year in the third quarter (thirteen weeks ended...December 4, 2020
Beauty community app Supergreat raises $6.5m
Beauty community app Supergreat has raised $6.5m in Series A funding led by venture capital firm Benchmark....December 3, 2020
Function of Beauty receives $150m investment
Private-equity firm L Catterton has invested $150m in beauty brand Function of Beauty. Fintech company CircleUp and...December 3, 2020
Interparfums expects better than previously forecast sales for 2020
Interparfums expects to end 2020 with sales of more than €340m, a decline of 30% over 2019....December 2, 2020
French start-up Ankorstore raises €25m in Series A funding
French online marketplace start-up Ankorstore has raised €25m in a Series A funding round led by venture...December 1, 2020
Chinese beauty company Yatsen raises $616.9m in US IPO
Chinese beauty company Yatsen raised $616.9m in its initial public offering (IPO) Thursday on the New York...November 20, 2020
Macy’s third quarter sales down 23%
US-based department-store group Macy’s third-quarter sales fell 23% year-over-year to $3.99bn. Net loss came in at $91m,...November 19, 2020
Natura &Co sales up 31.7% in third quarter, e-commerce up 115%
Brazil-based Natura &Co’s sales grew 31.7% year-over-year to R$10.4bn ($1.9bn) in the third quarter. The growth is...November 13, 2020
Salvatore Ferragamo fragrance sales down 56.7% in first nine months
Italian luxury group Salvatore Ferragamo’s revenues in the third quarter dropped 18.9% year-over-year at current exchange rates....November 12, 2020
Revlon set to avoid bankruptcy, says report
US-based Revlon is set to receive enough support to avoid filing for bankruptcy, according to a report...November 12, 2020
IFF sales flat in third quarter
International Flavors & Fragrances’ (IFF) net sales were flat at $1.27bn in the third quarter (three months...November 10, 2020
Coty revenue down 20% in first quarter fiscal 2021
Coty revenue fell 20% year-over-year to $1.12bn in the first quarter of fiscal year 2021 (three months...November 6, 2020
Alibaba revenue up 30% in September quarter
Alibaba Group’s revenue rose 30% year-over-year to Rmb155.06bn ($22.83bn) in its September quarter (three months ended September...November 6, 2020
e.l.f. Beauty sales up 7% in second quarter
US-based e.l.f. Beauty’s net sales grew 7% year-over-year to $72.4m in its second quarter of fiscal 2021...November 5, 2020
Alibaba in talks to invest in Farfetch, says report
Alibaba Group is in talks to invest some $300m in London-based online luxury fashion retailer Farfetch, according...November 3, 2020
Dufry turnover down 80.5% in third quarter
Swiss travel retailer Dufry’s turnover fell 80.5% (79.7% in organic terms) year-over-year in the third quarter to...November 3, 2020
ELC sales down 9% in first quarter fiscal 2021
The Estée Lauder Companies (ELC) net sales fell 9% year-over-year to $3.56bn in the first quarter of...November 2, 2020
Fragrance brand Matière Première raises €1.3m in funding
French fragrance brand Matière Première has raised €1.3m in funding led by 10 international investors, representing 17%...October 30, 2020