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
Alibaba revenue up 34% in June quarter
Alibaba Group’s revenue rose 34% year-over-year to Rmb153.75bn (US$21.76bn) in its June quarter (three months ended June...August 24, 2020
Estée Lauder Companies sales fall 4% in fiscal year 2020, down 32% in Q4
Estée Lauder Companies’ (ELC) sales fell 4% to $14.29bn for its fiscal year ended June 30. Excluding...August 20, 2020
Natura &Co sales fall 12.7% in Q2, online rises
Brazil-based Natura &Co’s sales fell 12.7% in the second quarter to R$7bn (US$1.3bn). The company said that...August 14, 2020
Firmenich full-year 2020 sales increase 2.8%
Swiss flavor and fragrance company Firmenich reported that revenues in local currency rose 2.8% to CHF3.88bn ($4.25bn)...August 11, 2020
IFF Q2 fine fragrance sales down 43%
IFF reported a 7% decline in sales for the second quarter to $1.2bn, due to the impact...August 11, 2020
Revlon sales down 39% in second quarter, e-commerce grows 58%
US-based Revlon’s net sales fell 39% in the second quarter of 2020 to $347.6m. The company said...August 7, 2020
Symrise organic sales up 3.4% in first half 2020
German flavor and fragrance company Symrise saw its first-half sales increase 7.6% to €1.82bn, despite the challenging...August 6, 2020
Shiseido first-half sales down 26%
Shiseido’s sales for the first half fell 26% to ¥417.8bn ($3.96bn) due to the impact of COVID-19....August 6, 2020
Henkel’s Beauty Care sales down 7.4% in first half
German company Henkel’s sales fell 6% in the first half of 2020 to €9.48bn. Second-quarter sales fell...August 6, 2020
e.l.f. Beauty to create brand with Alicia Keys, sales up 8% in first quarter fiscal 2021
US-based e.l.f. Beauty has partnered with singer Alicia Keys to create a lifestyle beauty brand, expected to...August 6, 2020
Dufry turnover falls 62% in first half
Swiss travel retailer Dufry’s turnover fell 62% to CHF1.59bn ($1.73bn) in the first half of 2020 due...August 3, 2020
L’Oréal first-half sales down 11.7%
L’Oréal reported an 11.7% decline in like-for-like sales for the first half of the year to €13.07bn,...July 30, 2020
P&G Beauty sales up 4% in fiscal year 2020
US-based consumer goods company P&G’s fiscal year 2020 net sales grew 5% year-on-year to $71bn.The company’s fourth...July 30, 2020
Hermès Perfumes sales down 58.4% in second quarter
Hermès’ revenue dropped 24% at current exchange rates (-25% at constant exchange rates) to €2.49bn in the...July 30, 2020
Alès Groupe revenue down 20% in first half
French skincare and haircare company Alès Groupe’s revenues fell 20.1% to €83.5m in the first half of...July 30, 2020
Salvatore Ferragamo fragrance sales down 67% in first half
Italian luxury group Salvatore Ferragamo’s revenues fell 46.6% at current exchange rates to €377m in the first...July 29, 2020
LVMH profit falls 84% in first half, P&C sales down 29%
LVMH’s sales for the first half fell 27% to €18.39bn, while net profit was down 84% to...July 27, 2020
Beauty reservation platform Planity secures €10m in funding
France-based online beauty reservation platform Planity has raised €10m in Series B funding led by Crédit Mutuel...July 24, 2020
Skincare brand Atolla raises $2.5m in seed round
Skincare brand Atolla has closed a seed round of $2.5m led by private investment fund Lyra Growth...July 23, 2020
Unilever turnover drops 1.6% in first half of year
Unilever’s total turnover fell 1.6% in the first half of the year to €25.7bn compared with the...July 23, 2020
Interparfums sales fall 42% in first half
Interparfums reported a 42% drop in sales for the first half of the year to €139.3m. Sales...July 23, 2020
Ieva Group raises new funding
France-based connected beauty company Ieva Group has raised €12m in a new round of funding led by...July 22, 2020
L’Occitane Group sales down 22% in quarter ended June 30, 2020
L’Occitane Group reported a 22.2% decline in sales to €274.2m for its first quarter of fiscal 2021,...July 21, 2020
Givaudan sales up 4% in first six months of 2020
Swiss flavor and fragrance company Givaudan reported a 4% increase in like-for-like sales (+4.1% in Swiss francs)...July 21, 2020
Digital olfaction company Aryballe raises €7m in new funding
Digital olfaction company Aryballe raised €7m in a new global funding round, bringing the company’s total funding...July 17, 2020
Clarisonic to shut down by September
L’Oréal-owned beauty device brand Clarisonic is to shut down on September 30, according to an announcement via...July 15, 2020