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
Alès Groupe goes into receivership
French skincare and haircare company Alès Groupe has gone into receivership.The group’s operational subsidiaries are not affected...July 13, 2020
Interparfums expects recovery in second half of 2020
Interparfums expects sales in the first half of 2020 to come in at between €135m to €140m,...July 13, 2020
US to impose additional 25% tax on $1.3bn worth of French goods
The US is set to implement an additional 25% tax on French luxury and beauty goods amounting...July 13, 2020
e.l.f. Beauty inks cooperation agreement with Marathon Partners
US-based e.l.f. Beauty announced a cooperation agreement with investment firm Marathon Partners Equity Managment, LLC, which owns...July 2, 2020
LVMH sees signs of recovery in June
LVMH ceo Bernard Arnault said he had seen “quite vigorous” signs of recovery in June in a...July 1, 2020
Alès Groupe like-for-like sales up 2.7% in 2019, COVID-19 to have significant impact on 2020 performance
Skin and haircare company Alès Groupe’s consolidated 2019 sales grew 2.7% like-for-like to €208.6m, excluding Caron Perfumes....July 1, 2020
Chanel sees COVID-19 impacting luxury goods market for two years, reports 2019 sales
Chanel says the COVID-19 pandemic will weigh on the luxury-goods sector for at least two years and...June 19, 2020
The Hut Group sales bypass £1bn milestone in 2019
UK-based The Hut Group (THG) saw sales pass the $1bn mark in 2019. Sales grew 24% to...June 15, 2020
Macy’s Q1 loss comes in at $650m, sales down 45%
Macy’s was hit hard by COVID-19, with net sales down 45% to $3.017bn and net loss coming...June 9, 2020
IFF sales fall 3% in first eight weeks of Q2
International Flavors & Fragrances’ (IFF) sales fell 3% on a currency neutral basis and 7% on a...June 8, 2020
Ulta Q1 sales down 33%, sees stronger than expected sales at reopened stores
US-based retailer Ulta Beauty said that store closures due to the COVID-19 pandemic significantly impacted sales and...May 29, 2020
Alibaba revenue grows 22% in fiscal Q4
Alibaba Group’s revenue grew 22% year-over-year to RMB114.31bn ($16.14bn) in its fourth fiscal quarter ended March 31....May 22, 2020
Shiseido profit down 96% in Q1 amid COVID-19
Shiseido’s net profit declined 95.8% year-on-year to ¥1.4bn ($13m) for the first quarter 2020, hit by the...May 12, 2020