Hermès Perfume and Beauty sales up 5% in Q2
Hermès’ consolidated revenue in the first half of 2024 increased 12% at current exchange rates to €7.5bn.
HBC to cut jobs as it establishes Saks Global
Hudson's Bay Company is to cut jobs as it groups Saks Fifth Avenue and Saks OFF 5TH alongside Neiman Marcus Group's banners in a new entity called Saks Global.
This Week in Beauty July 22-26, 2024
This Week in Beauty video – A highlight of the week’s key news in just under...
Over half of US men use facial skincare products, up 68% from 2022
Over half (52%) of US men use facial skincare products, a 68% rise from 2022 (31%).
TSG Consumer Partners invests in Summer Fridays
Private equity firm TSG Consumer Partners has invested in clean skincare and make-up brand Summer Fridays.
Dr.Jart+ launches on Amazon Premium Beauty in US
Estée Lauder Companies has launched Korean skincare brand Dr.Jart+ on the US Amazon Premium Beauty store.
Lush opens fragrance concept store in London
Lush has opened what it calls a Perfume Library on Beak Street in Soho, London.
Boots launches Prada Beauty and Made by Mitchell
Boots has added two new brands to its assortment, Prada Beauty and Made by Mitchell.
Unilever sales up 4.1% in first half
Unilever has reported underlying sales in the first half grew 4.1%.
Debut launches formulation and manufacturing business for beauty brands
Biotech company Debut has launched BiotechXBeautyLabs, a formulation development and contract manufacturing business.
L’Occitane to go private
L’Occitane International will delist from the Hong Kong’s stock exchange after a public offer received sufficient support.
Estée Lauder Companies names Akhil Shrivastava Executive VP and CFO
The Estée Lauder Companies (ELC) has named Akhil Shrivastava Executive Vice President and Chief Financial Officer.
LVMH Perfumes & Cosmetics sales up 4% in Q2, group profit falls 14% in H1
LVMH’s sales rose by 1% to €20.98bn in the second quarter as the group cited an uncertain...
The latest Retail & Tech newsletter out today – No 188
BW Confidential’s newsletter on the latest retail & tech trends in beauty
Interparfums Q2 sales up 16%, to renew Van Cleef & Arpels license
Interparfums’ sales in the second quarter rose by 16% to €210m on the back of a strong fragrance market globally.
Viktor&Rolf Fragrances launches on Amazon Premium Beauty
L'Oréal has launched Viktor&Rolf Fragrances on the Amazon Premium Beauty Store.
Givaudan sales up 12.5% in first half of 2024
Givaudan's sales for the first six months of 2024 were CHF 3.73bn ($4.19bn), a rise of 12.5% on a like-for-like basis.
American Exchange Group acquires Indie Lee
Accessories designer and manufacturer American Exchange Group (AXNY Group) has acquired clean skincare brand, Indie Lee.
Peter Hawkings to step down as Creative Director of Tom Ford
Peter Hawkings is stepping down as Creative Director of the brand Tom Ford (Estée Lauder Companies).
Saudi Arabia Investment Fund offers to raise its stake in Selfridges
Saudi Arabia’s Public Investment Fund (PIF) has made an offer that would raise its stake in UK department store Selfridges to 50%, according to Bloomberg News.
L’Occitane launches travel retail summer campaign for Sol de Janeiro
L’Occitane Travel Retail has launched a summer promotional campaign for the Sol de Janeiro brand called 'Unleash Your Summer Self!'
This Week in Beauty July 15-19, 2024
This Week in Beauty video – A highlight of the week’s key news in just under...
Kao to open first flagship store for Kate brand in Tokyo
Kao Corporation is to open its first global flagship store for make-up brand Kate in Tokyo, Japan.
The Body Shop enters exclusivity agreement for buyout
The administrators of The Body Shop, FRP Advisory, has entered into an exclusivity agreement with a consortium led by investment company Auréa.
US consumers predicted to spend $14bn online for Amazon Prime Day
US consumers are predicted to spend a record $14bn online across the two-day Amazon 2024 Prime Day event.
Cosmetic Valley joins the Value of Beauty Alliance
French cosmetics cluster Cosmetic Valley has joined the Value of Beauty alliance in a bid to...
Seen at the World Perfumery Congress
BW Confidential highlights the innovations presented at the World Perfumery Congress (WPC) 2024.
Revieve and Google Cloud launch digital skincare advisor for Trinny London
Revieve and Google Cloud have partnered with cosmetics brand Trinny London to launch the Trinny London Digital Skincare Advisor.
GEKA invests in facilities in Brazil, the US and Germany
Beauty packaging manufacturer GEKA is to make investments across its facilities in Brazil, the US, and Germany.
Douglas Group raises sales forecast, sells online pharmacy business
Douglas Group has raised its net sales growth forecast for the current financial year 2023/24 from around 7% to around 8.5%.