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France-based Interparfums has withdrawn its 2020 guidance due to the current lack of visibility caused by the...April 6, 2020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Inter Parfums Inc has withdrawn its 2020 full year guidance due to the uncertainties surrounding the spread...March 24, 2020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Coty has withdrawn its financial guidance for its full fiscal year 2020 and expects net revenues for...March 20, 2020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Estée Lauder Companies (ELC) has withdrawn its previous financial guidance due to the escalation of COVID-19.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
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