AS Watson sales up 8% in 2023 to $23.4bn
Hong Kong-based AS Watson generated revenue of HK$183.3bn ($23.4bn) in the year ended December 31, 2023, up 8% over last year.
Josef Schultheis named Chief Restructuring Officer of KaDeWe, Michael Peterseim to exit
Josef Schultheis has been named Chief Restructuring Officer of the KaDeWe Group and Michael Peterseim is to step down as acting CEO.
This Week in Beauty March 18-22, 2024
This Week in Beauty video – A highlight of the week’s key news in just under...
Avolta extends partnership with Edinburgh Airport
Avolta has extended its partnership with Edinburgh Airport for an additional seven years.
Douglas shares fall on first day of trading
German beauty retailer Douglas fell as much as 11% as it started trading today in Frankfurt, according to Bloomberg.
Superdrug to implement price freeze across make-up products
Superdrug is to implement a price freeze across 5,000 make-up products.
Estée Lauder Companies moves 15 beauty brands to Sanya Block C
The Estée Lauder Companies Travel Retail has moved 15 beauty brands to CDFG’s new Global Beauty Plaza at its Sanya International Duty Free Shopping Complex in Haitang Bay, Hainan.
La Prairie Group names Estelle Létang CEO
La Prairie Group (Beiersdorf) has named Estelle Létang its new CEO, effective April 1, 2024.
Cosmoprof Worldwide Bologna opens today
The 54th edition of Cosmoprof Worldwide Bologna opens its doors today at the Piazza della Costituzione in Bologna, Italy.
YSL Beauté Travel Retail launches New Year activations across Asia Pacific
YSL Beauté Travel Retail Asia Pacific (L’Oréal) launched New Year activations across Asia Pacific markets in partnership with key retailers.
IFF appoints Ana Paula Mendonça President of Scent
IFF has appointed Ana Paula Mendonça President of Scent, effective April 1.
Eurofragance launches new strategy
Eurofragance has launched ICON, a new strategy to develop a collection of ingredients to improve the quality and sustainability of its fragrances.
Sephora to exit Korea
Sephora is to gradually close its operations in Korea after a statement announcing the news was posted to its social media accounts.
Rare Beauty said to be considering sale
Make-up brand Rare Beauty, founded by singer and actor Selena Gomez, is said to have hired advisers to consider offers for the company.
Lalique Group sales up 5% in 2023
Lalique Group has reported operating revenue of about €179.2m in its preliminary, unaudited figures for the 2023 financial year.
Kering denies considering a stake in Selfridges
Luxury goods giant Kering has denied a media report that it is considering a stake in UK-based department store Selfridges, according to Bloomberg.
Nordstrom family said to want to take retailer private
The founding family behind US-based department store operator Nordstrom wants to take the retailer private, according to Reuters.
The latest Retail & Tech newsletter out today – No 170
BW Confidential’s newsletter on the latest retail & tech trends in beauty
LVMH Fragrance Brands CEO Romain Spitzer expands role
LVMH Fragrance Brands CEO, Romain Spitzer, is to extend his scope of responsibilities to include New Ventures.
Lagardère Travel Retail partners with RaiseLab
Lagardère Travel Retail has inked an exclusive partnership with RaiseLab, a joint venture between Raise and Schoolab.
Unilever to cut 7,500 jobs
Unilever is to cut around 7,500 jobs globally which is expected to save the company approximately €800m.
Dior names Deva Cassel International Fashion and Beauty Ambassador
Dior has named model and actor Deva Cassel its new International Fashion and Beauty Ambassador.
dsm-firmenich partners with biotech startup Interstellar Lab
dsm-firmenich has inked a partnership with Interstellar Lab, a biotech startup that develops biofarming solutions.
Coty opens beauty stores at Sanya Block C
Coty has opened new stores for several of its Prestige beauty brands in Block C at the CDFG Sanya International Duty Free Shopping Complex.
Bluegem Capital Partners sells majority stake in Beautynova to PAI Partners
Bluegem Capital Partners has sold a majority stake in professional haircare platform Beautynova to PAI Partners.
Celine to launch beauty
Celine (LVMH) has launched its first collection of cosmetics.
MANE opens first fine fragrance creative center in China
MANE has opened its first Fine Fragrance Creative Center in China.
This Week in Beauty March 11-15, 2024
This Week in Beauty video – A highlight of the week’s key news in just under...
Ulta Beauty to expand to Mexico, sales up 10.2% in Q4
Ulta Beauty is to form a joint venture with brand distributor Grupo Axo to launch and operate Ulta Beauty in Mexico in 2025.
TechnicoFlor expands in Asia
TechnicoFlor is expanding its footprint in Asia with the opening of two new factories in China and Indonesia, a new subsidiary in Vietnam and new offices in Bangkok