Watch This Week in Beauty May 11-15, 2020
This Week in Beauty Video – A highlight of the week’s key news in just under...May 15, 2020
L’Oréal names new president of Active Cosmetics division
L’Oréal has appointed Myriam Cohen-Welgryn president of the Active Cosmetics division and member of the executive committee....May 14, 2020
Pinterest and Shopify partner to launch new feature for merchants
Pinterest is to launch its app on e-commerce platform Shopify. The feature offers merchants the ability to...May 14, 2020
Neiman Marcus creditor suggests Saks Fifth Avenue deal
US-based retailer Neiman Marcus is potentially exploring a combination with department store chain Saks Fifth Avenue (Hudson’s...May 14, 2020
Amorepacific takes minority stake in Australian company Rationale
South Korea-based Amorepacific Group has taken a minority stake in Australian beauty company Rationale Group. Amorepacific now...May 14, 2020
L’Oréal launches digital employee safety training platform
L’Oréal has launched an in-house digital learning platform #Safetogether to inform employees about new on-site sanitary and...May 13, 2020
IATA says air traffic may not reach 2019 levels before 2023
The International Air Transport Association (IATA) said that it does not expect a return to 2019 levels...May 13, 2020
Shiseido Travel Retail sales see first-quarter decline after strong January
Shiseido’s travel retail division was the only segment at the Japanese group that did not see a...May 13, 2020
Bluemercury launches curbside pick-up
US-based beauty chain Bluemercury (Macy’s) launched a contactless curbside pick-up service in select locations on reduced operating...May 13, 2020
Macy’s gains new shareholder
Czech businessman’s Daniel Kretinsky’s Vesa Equity Investment has taken a 5% stake in US-based retailer Macy’s, according...May 13, 2020
L’Oréal ceo takes pay cut, creates new social and environmental program
In light of the COVID-19 pandemic, L’Oréal said its chairman and ceo Jean-Paul Agon will take a...May 12, 2020
Shiseido profit down 96% in Q1 amid COVID-19
Shiseido’s net profit declined 95.8% year-on-year to ¥1.4bn ($13m) for the first quarter 2020, hit by the...May 12, 2020
TFWA cancels Cannes World Exhibition & Conference
Duty-free and travel-retail association TFWA has cancelled the World Exhibition & Conference, which was due to take...May 12, 2020
Verpack gets new minority shareholder
French packaging company Verpack has a new shareholder in the form of bank Crédit Mutuel Equity, with...May 12, 2020
Beauty retailers re-open with heightened sanitary protocols
Stores in parts of Europe are gradually beginning to re-open. Yesterday, France lifted some of its lockdown...May 12, 2020
Singapore Changi Airport suspends Terminal 4 operations
Singapore’s Changi Airport Group (CAG) will suspend Terminal 4 operations and relocate airlines to Terminals 1 and...May 12, 2020
Dufry turnover down 23.6% in first quarter, sales down 94% in April
Swiss travel retailer Dufry’s turnover fell 23.6% year-on-year to CHF1.44bn ($1.48bn) in the first quarter. Organic growth...May 12, 2020
Inter Parfums Inc net sales fall 18.7% in first quarter
Inter Parfums Inc’s net sales fell 18.7% to $144.m in the first quarter compared to the same...May 11, 2020
Douglas ceo Tina Müller absent for health reasons
German beauty retailer Douglas announced that ceo Tina Müller will be absent from the company following emergency...May 11, 2020
IFF sales increase 4% in first quarter, withdraws 2020 guidance
International Flavors & Fragrances’ (IFF) net sales rose 4% to $1.35bn in the first quarter compared to...May 11, 2020
Revlon Q1 sales fall 18%
US-based Revlon reported an 18.1% decline in sales to $453m for the first quarter, which the company...May 11, 2020
Coty to sell haircare business to KKR
Coty is to sell a majority stake in its professional beauty and retail haircare businesses to the...May 11, 2020
Coty Q3 sales down 23%
Coty reported a 23.2% decline in sales to $1.53bn for its third quarter ending March 31. On...May 11, 2020
UK’s Next to launch beauty concept in former Debenhams beauty departments
UK-based retailer Next is set to open a new beauty retail concept The Beauty Hall from Next...May 11, 2020
The BW Confidential COVID-19 World Tracker
LAST UPDATED – May 11, 2020 BW Confidential has put together the COVID-19 World Tracker in a...May 11, 2020
Watch This Week in Beauty May 4-8, 2020
This Week in Beauty Video – A highlight of the week’s key news in just under...May 8, 2020
Natura sales up 1.9% in first quarter
Natura &Co reported a 1.9% increase in sales to R$7.5bn (US$1.29bn) for the first quarter. On a...May 8, 2020
COVID-19 Industry Talks: Unilever Executive Vice President and CEO, Prestige Vasiliki Petrou
In our COVID-19 Industry Talks series, Unilever Executive Vice President and CEO, Prestige Vasiliki Petrou tells BW...May 8, 2020
JCPenney and Sephora to continue partnership
JC Penney and Sephora USA said they have reaffirmed their partnership to operate Sephora boutiques at the...May 8, 2020
Neiman Marcus files for bankruptcy
US-based department-store group Neiman Marcus has filed for bankruptcy. The move has been expected for weeks. The...May 7, 2020