Yepoda closes Series B funding
Korean skincare brand Yepoda has closed its Series B funding round.
Coty sells stake in Kim Kardashian’s SKKN
Coty has sold its 20% stake in Kim Kardashian’s beauty brand SKKN to her lifestyle brand SKIMS.
Douglas lowers guidance, citing European beauty market slowdown
Douglas has lowered its guidance for the current financial year 2024/25.
Iberchem sales up 18% in 2024
Iberchem saw annual sales of €338m, representing 18% growth compared to the previous year.
Ulta Beauty unveils new strategy in face of share declines
Ulta Beauty reported that net sales in the fourth quarter of 2024 were down 1.9% to $3.5bn.
Kohl’s beauty up 13% in Q4, despite overall steep declines
Kohl’s said in an earnings call with investors that comparable beauty sales in the fourth quarter of 2024 increased 13%.
Avolta core turnover up 8.9% in 2024
Travel retailer Avolta’s consolidated reported turnover in 2024 was CHF 13.7bn ($15.4bn).
Douglas secures partial financing of €200m
Douglas has secured partial financing of €200m through a private placement in Germany.
Macy’s net sales down 4.3% in Q4, sees profit
Macy’s net sales fell 4.3% to $7.8bn in the fourth quarter of 2024.
Walgreens Boots Alliance could be broken up in takeover deal
A buyout of Walgreens Boots Alliance would reportedly see a three-way break-up of the company.
Puig net profit up 14% in 2024
Spanish company Puig’s adjusted net profit rose 15.5% in 2024 to €551m.
L’Oréal invests in two Indian brands
L’Oréal’s venture capital fund BOLD has added two Indian beauty brands to its portfolio.
Beiersdorf’s sales up 6.5% in 2024
Beiersdorf reported sales of €9.9bn in fiscal year 2024, with organic growth of 6.5%.
Natura &Co in talks for potential sale of Avon
Natura &Co is in exclusive talks with asset manager IG4 for the possible sale of its Avon business outside Latin America.
Interparfums SA net income up 10% in 2024
France-based Interparfums SA reported its net income was €130m in 2024, a rise of 10% from 2023.
The Dodo Group & Luxury Brands invest in PRAI Beauty
The Dodo Group, in partnership with Luxury Brands LLC, has invested in US-based skincare brand PRAI Beauty.
IFF Scent sales up 7% in Q4
IFF’s reported net sales were up 3% in the fourth quarter of 2024 to $2.77bn.
Huda Beauty sells Kayali
Huda Beauty is to sell its ownership in Kayali.
L’Oréal invests in Korean fragrance brand Borntostandout
Borntostandout has completed a Series A funding round led by L’Oréal’s corporate venture capital fund BOLD.
Hermès Perfume and Beauty sales up 9% in 2024
Hermès’ sales rose 18% to €4bn in the fourth quarter of 2024.
dsm-firmenich sales up 5% in Q4
Dsm-firmenich’s sales rose 5% in the fourth quarter of 2024 to €3.25bn
Douglas sales up 5.8% in Q1
Douglas’ sales rose by 5.8% to €1.65bn in the first quarter of the financial year 2024/25.
dsm-firmenich sells stake in Feed Enzymes Alliance for €1.5bn
dsm-firmenich has sold its stake in the Feed Enzymes Alliance to Novonesis for €1.5bn.
Coty net revenue down 3% in Q2
Coty’s net revenue fell 3% on a reported basis (-1% like-for-like) in the second quarter of fiscal year 2025.
Shiseido sees loss in 2024, travel retail & China decline
Shiseido said operating profit fell 73% to ¥7.58bn ($49.9m) in 2024.
L’Oréal sales up 5.1% in 2024
L’Oréal’s sales rose 5.1% like-for-like to €43.48bn in 2024.
Cosnova sales up 17% in 2024
Cosnova reported net sales of €954m in financial year 2024.
L’Oréal to sell 2.3% of Sanofi shares for €3bn
L’Oréal is to sell 2.3% (around 29.6 million) of Sanofi shares to the pharmaceutical and healthcare company.
Puig reports record revenues for 2024
Puig’s revenues rose 10.9% like-for-like in 2024 to €4.79bn
Symrise organic sales up 8.7% in 2024
Symrise's sales were up 5.7% in the reporting currency in 2024 to €4.99bn.