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
Inter Parfums Inc net sales fall 18.7% in first quarter
Inter Parfums Inc’s net sales fell 18.7% to $144.m in the first quarter compared to the same...May 11, 2020
IFF sales increase 4% in first quarter, withdraws 2020 guidance
International Flavors & Fragrances’ (IFF) net sales rose 4% to $1.35bn in the first quarter compared to...May 11, 2020
Revlon Q1 sales fall 18%
US-based Revlon reported an 18.1% decline in sales to $453m for the first quarter, which the company...May 11, 2020
Coty Q3 sales down 23%
Coty reported a 23.2% decline in sales to $1.53bn for its third quarter ending March 31. On...May 11, 2020
Natura sales up 1.9% in first quarter
Natura &Co reported a 1.9% increase in sales to R$7.5bn (US$1.29bn) for the first quarter. On a...May 8, 2020
La Prairie sales fall 35.8% in first quarter
German group Beiersdorf reported a 3.6% decline in organic sales for the first quarter of 2020 to...May 5, 2020
Estée Lauder Companies sales down 11% in Q3
Estée Lauder Companies (ELC) reported an 11% decline in sales to $3.35bn for its third quarter ended...May 1, 2020
Alès Q1 sales down 13%, begins strategic review of business
France-base Alès Group reported a 13% drop in first-quarter sales to €48.7m and has implemented a strategic...April 30, 2020
L’Oréal lends support to hairdressing salon re-openings in France
L’Oréal will support the re-opening of hairdresing salons in France on May 11 by providing three million...April 24, 2020
Unilever turnover grows 0.2% in first quarter, withdraws 2020 outlook
Unilever’s total turnover increased 0.2% to €12.44bn in the first quarter 2020 year-over-year. The increase includes a...April 23, 2020
Interparfums Q1 sales down 18%
Interparfums reported an 18.2% decline in sales for the first quarter to €103.5m (-19.5% at constant exchange...April 23, 2020
Hermès perfume sales down 3% in Q1
Hermès’ revenue dropped 6.5% to €1.5bn for the first quarter 2020. The company’s perfume business revenue fell...April 23, 2020
P&G sales up 5% in third quarter
US-based consumer goods company P&G’s net sales grew 5% to $17.2bn in the third quarter, compared to...April 17, 2020
L’Oréal Q1 sales down 4.8%
L’Oréal reported a 4.8% decline in sales to €7.22bn for the first quarter and said that while...April 16, 2020
LVMH perfumes & cosmetics sales down 19% for Q1 2020
LVMH reported a 15% decline in sales to €10.6bn in the first quarter of 2020 (-17% on...April 16, 2020
Coty executives take 25% pay cut amid COVID-19
Coty ceo Pierre Laubies and chief financial officer and chief operating officer Pierre-André Terisse will take a...April 15, 2020
North Castle Partners teams up with True Beauty Capital to provide capital to beauty companies
Private equity firm North Castle Partners will partner with beauty investment firm True Beauty Capitalto provide private...April 14, 2020