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
Givaudan sales grow 5.4% in first quarter 2020
Swiss flavor and fragrance company Givaudan reported a 5.4% sales increase on a like-for-like basis to CHF1.62bn...April 14, 2020
Estée Lauder Companies draws $1.3bn on revolving credit amid COVID-19
Estée Lauder Companies (ELC) borrowed $1.3bn under its $1.5bn revolving credit facility on Tuesday to “enhance financial...April 8, 2020
Salvatore Ferragamo sales down 30.6% in first quarter 2020
Italian luxury group Salvatore Ferragamo’s sales fell 30.6% to €220m in the first quarter of 2020 compared...April 7, 2020
Interparfums withdraws 2020 guidance
France-based Interparfums has withdrawn its 2020 guidance due to the current lack of visibility caused by the...April 6, 2020
Walgreens Boots Alliances sales grow 3.7% in second quarter fiscal 2020
Walgreens Boots Alliance (WBA) reported sales growth of 3.7% year-over-year to $35.8bn for its fiscal 2020 second-quarter...April 2, 2020
Revlon furloughs employees
US-based Revlon will furlough some employees and put some workers in the US and globally on a...April 2, 2020
e.l.f. Beauty reaffirms fiscal 2020 guidance
US-based beauty company e.l.f. Beauty reaffirmed its fiscal 2020 guidance, which it issued on February 5. The...March 31, 2020
L’Oréal suspends guidance, expects 5% sales decline for Q1 due to COVID-19
L’Oréal has suspended its guidance and said that the COVID-19 pandemic and measures taken by countries in...March 30, 2020
Ulta Beauty draws down $800m under revolving credit amid COVID-19
US-based beauty retailer Ulta Beauty recently drew down $800m under its revolving credit facility in its updated...March 24, 2020
Inter Parfums Inc withdraws 2020 guidance due to COVID-19
Inter Parfums Inc has withdrawn its 2020 full year guidance due to the uncertainties surrounding the spread...March 24, 2020
Coty expects 20% revenue drop in fiscal third quarter due to COVID-19
Coty has withdrawn its financial guidance for its full fiscal year 2020 and expects net revenues for...March 20, 2020
Companies to lose some €1 trillion in brand value due to COVID-19
The world’s biggest companies could lose up to €1 trillion in brand value due to the impact...March 20, 2020
Estée Lauder Companies withdraws guidance due to COVID-19
Estée Lauder Companies (ELC) has withdrawn its previous financial guidance due to the escalation of COVID-19. On...March 19, 2020
Chinese average rate of business reopening at 67%
The Chinese government could have its COVID-19 outbreak contained by the end of March, Beijing’s The Economist...March 13, 2020
Ulta Beauty to open 75 new stores
US-based beauty retailer Ulta Beauty will open 75 new stores, remodel or relocate 15 stores and refurbish...March 13, 2020
Ferragamo adopts measures to mitigate COVID-19 impact
Italian luxury group Salvatore Ferragamo has begun implementing measures to mitigate the negative effects of the COVID-19...March 11, 2020
Revlon unveils cost-cutting program, staff layoffs
US-based Revlon is to make staff cuts as part of a restructuring program aimed at reducing costs...March 10, 2020
Symrise 2019 sales up 8%
German flavor and fragrance company Symrise’s 2019 sales rose 8% to €3.41bn. On an organic basis, sales...March 10, 2020
Natura &Co profits and sales up in fourth quarter
Brazilian beauty group Natura &Co reported a 7.3% increase in fourth-quarter sales to R$4.7bn (US$1bn) and a...March 6, 2020
Henkel unveils new strategy in face of disappointing results
German company Henkel outlined a new strategy that will involve divesting brands and investing in digital amid...March 5, 2020
Interparfums 2019 profits up, COVID-19 to impact first quarter 2020
France-based Interparfums SA said that the COVID-19 outbreak combined with a difficult comparison due to a string...March 3, 2020
European tourism sees €1bn in losses due to virus outbreak
Europe’s tourism industry has seen a shortfall of some €1bn since the beginning of January due to...March 2, 2020
Hermès perfume sales up 4.6% in 2019
Hermès reported a 15% increase in sales for the full year 2019 to €6.88bn. On a constant...February 26, 2020