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
Symrise sales up 2.7% in Q3
German flavor and fragrance company Symrise’s sales rose 2.7% to €881.5m in the third quarter compared to...October 29, 2020
Interparfums sales down 14% in third quarter, raises 2020 guidance
Interparfums’ sales fell 14% year-over-year to €111m in the third quarter, while sales for the first nine...October 28, 2020
Inter Parfums Inc’s net sales down 16% in third quarter
Inter Parfums Inc’s net sales fell 16% year-over-year to $160.6m in the third quarter (three months ended...October 28, 2020
L’Occitane International to cut jobs, sales down 4.5% in second quarter
L’Occitane International said that it may cut 300 jobs globally from its 9,000-strong workforce as part of...October 28, 2020
L’Oréal returns to growth, sales up 1.6% in Q3
L’Oréal returned to growth in the third quarter, with like-for-like sales up 1.6% to €7.036bn. Sales for...October 22, 2020
Salvatore Ferragamo said to be in talks to sell minority stake
Italian luxury group Salvatore Ferragamo has held informal discussions to sell a minority stake in a bid...October 22, 2020
Hermès third-quarter perfume sales fall 10.4%
Hermès’ third-quarter sales grew 4.2% at current exchange rates (+6.9% at constant exchange rates) year-over-year to €1.8bn....October 22, 2020
Unilever turnover down 2.4% in third quarter
Unilever’s total turnover fell 2.4% in the third quarter of 2020 to €12.9bn compared to the same...October 22, 2020
P&G Beauty sales up 7% in first quarter fiscal year 2021
P&G’s sales for the first quarter of its fiscal year 2021 (three months ended September 30) grew...October 20, 2020
LVMH sales fall 7% in third quarter
LVMH’s sales fell 7% on an organic basis in the third quarter to €11.96bn, which it said...October 15, 2020
Givaudan sales up 3.7% in first nine months of 2020
Swiss flavor and fragrance company Givaudan reported a 3.7% increase in like-for-like sales (+2.7% in Swiss francs)...October 8, 2020
Alès Groupe to reach decision on sale of company today
French skincare and haircare company Alès Groupe is set to reach a decision over the sale of...September 24, 2020
La Bouche Rouge raises €2.5m in funding with investment from Bpifrance
French clean beauty brand La Bouche Rouge has raised €2.5m in a funding round with investments from...September 23, 2020
Mira Beauty raises $9m with investments from Unilever Ventures and 14W
Beauty search engine and marketplace Mira Beauty has raised $9m in funding, with investments from Unilever Ventures...September 17, 2020
Johnson & Johnson invests in haircare brand Sunday II Sunday
US-based Johnson & Johnson’s venture capital arm Johnson & Johnson Innovation has invested in textured haircare brand...September 10, 2020
Interparfums reports 7.5% operating margin for first half 2020
France-based Interparfums reported an operating profit of €10.4m for the first half of 2020, down 73% on...September 8, 2020
Macy’s sales decline 40.5% in first half, down 35.8% in Q2
US-based department-store group Macy’s first half sales fell 40.5% year-on-year to $6.58bn (26 weeks ended August 1,...September 2, 2020