Macy’s 2019 sales fall 1.65%, updates its transition strategy
US-based department store Macy’s net sales for fiscal 2019 declined 1.65% to $24.56bn, while in the fourth...February 25, 2020
Douglas sales increase 6% in first quarter
German-based beauty retailer Douglas reported a 6% increase in sales to €1.3bn for its first quarter of...February 19, 2020
Alibaba hit by COVID-19
Alibaba executive chairman and ceo Daniel Zhang said that for the first two weeks prior to the...February 14, 2020
IFF sales up 29% in 2019
International Flavors & Fragrances’ (IFF) net sales rose 29% in 2019 to $5.1bn. The figure includes sales...February 13, 2020
Alès Groupe sales up 3.2% in 2019
Skin and haircare company Alès Groupe reported a 3.2% sales increase to €209.5m in 2019. Growth was...February 13, 2020
Brandless shuts down after two years
Direct-to-consumer goods company Brandless is to close. The company says that the “fiercely competitive direct-to-consumer market” has...February 12, 2020
Peach & Lily receives minority investment
Sandbridge Capital has taken a minority stake in Korean beauty brand Peach & Lily. Terms of the...February 10, 2020
Deutsche Bank: global growth to fall by 0.5 percentage points in Q1 due to coronavirus
The coronavirus outbreak is set to lower global growth by 0.5 percentage points in the first quarter,...February 6, 2020
L’Oréal: too early to asses impact of coronavirus on China, travel retail Asia
L’Oréal chairman and ceo Jean-Paul Agon said it is too early to evaluate the impact of the...February 6, 2020
ELC revises guidance due to coronavirus
Estée Lauder Companies (ELC) revised its guidance for the full year as a result of the impact...February 6, 2020
L’Oréal like-for-like sales up 8% in 2019
L’Oréal said it saw the best sales growth in a decade in 2019. Sales rose 8% to...February 6, 2020
ELC revises guidance due to coronavirus, sees Q2 sales up 15%
Estée Lauder Companies (ELC) revised its guidance as a result of the impact of the coronavirus. For...February 6, 2020
Sa Sa sales fall 76.9% during Chinese New Year, looks to cut costs
Hong Kong-based cosmetics retailer Sa Sa saw a 76.9% decline in its Hong Kong and Macau sales...February 6, 2020
Shiseido 2019 sales, profits up on strong travel retail and China performance
Shiseido reported a 3.4% increase in sales for the full year 2019 to ¥1,131.5bn ($10.30bn). On a...February 6, 2020
Coty sees 6.6% decline in second quarter
Coty saw a 6.6% decline in second-quarter sales to $2.35bn. On a like-for-like basis, sales were down...February 5, 2020
FTC to block Edgewell’s acquisition of Harry’s
The Federal Trade Commission (FTC) filed a lawsuit Monday to block Edgewell Personal Care’s (EPC) pending $1.37bn...February 4, 2020
LVMH reports double-digit sales and profit growth for 2019
LVMH reported what it called another year of record growth, with sales up 15% to €53.7bn in...January 28, 2020
Interparfums sales up 6.4% in 2019
France-based Interparfums SA’s net sales rose 6.4% to €484.3m (+3.6% at constant exchange rates) in 2019, driven...January 28, 2020
Givaudan sales up 5% in 2019
Swiss flavor and fragrance company Givaudan’s sales rose 5.8% like-for-like to CHF6.2bn ($6.39bn) for full-year 2019. Sales...January 24, 2020
P&G sales up 5% in fiscal second quarter
US-based consumer goods company P&G’s net sales rose 5% to $18.2bn for the second quarter of fiscal...January 23, 2020
Luxury Brand Partners receives $50m minority investment
Bookend Capital Partners invested $50m in brand incubator Luxury Brand Partners (LBP). In addition to the minority...January 23, 2020
L’Occitane International sales up 17.9% in third quarter
L’Occitane International’s net sales for its fiscal third quarter (the three months ended December 31, 2019) rose...January 22, 2020
Bulgari invests in sustainable flower farming initiative
Bulgari (LVMH) is to invest in a sustainable flower farming project in India in partnership with fragrance...January 21, 2020
Beiersdorf sales up 4.1% in 2019
German group Beiersdorf’s preliminary organic sales for the full year 2019 were up 4.1% to €7.65bn. In...January 16, 2020
Ilia Beauty gets Series B funding
US-based clean cosmetics brand Ilia Beauty has secured Series B funding led by investment company Sandbridge Capital...January 10, 2020
John Lewis managing director to step down
UK-based retailer John Lewis & Partners’ managing director Paula Nickolds is to leave the company, as the...January 9, 2020
Dubai Duty Free 2019 sales reach $2.029bn
Travel retailer Dubai Duty Free’s sales for 2019 came in at Dhs7.406bn ($2.029bn), compared with $2.015bn in...January 2, 2020
The Hut Group raises £1bn
UK-based The Hut Group (THG) has raised £1bn ($1.3bn) through new and existing debt and equity investors....December 17, 2019
Ulta Beauty sales up 7.9% in third quarter
US-based beauty retailer Ulta Beauty reported a 7.9% increase in sales to $1.68bn for the third quarter...December 6, 2019
Quadpack begins trading on the Euronext Growth stock exchange
Packaging manufacturer Quadpack has begun trading on the Euronext Growth stock exchange in Paris, France. The company’s...November 26, 2019