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
L’Oréal to launch second Employee Share Ownership Plan
L’Oréal is to launch its second Employee Share Ownership Plan. The plan will be rolled out in...August 31, 2020
Ulta sales fall 29.6% in first six months of fiscal 2020, down 26.3% in Q2
US-based beauty retailer Ulta Beauty’s sales fell 29.6% to $2.4bn in the first six months of fiscal...August 28, 2020
Coty revenue down 25% in fiscal year 2020, sales fall 62.8% in Q4
Coty’s revenues fell 25% year-on-year to $4.72bn in fiscal year 2020. Like-for-like revenue decreased 20.3%. In the...August 27, 2020
The Hut Group considering IPO
UK-based The Hut Group (THG) announced that it is considering proceeding with an initial public offering (IPO)...August 27, 2020