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
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