Seen & heard at Esxence 2024
BW Confidential highlights brands and trends seen at the Esxence event, which took place in Milan from March 6-9
US House passes bill to ban TikTok unless ByteDance sells
The US House of Representatives has overwhelmingly passed the bipartisan bill that could result in a ban of short video app TikTok.
AS Watson names new CEO of Marionnaud Group
Retail company AS Watson Group has appointed Kulvinder Birring
The Shilla Duty Free opens new cosmetics & perfume store
The Shilla Duty Free has opened its new cosmetics and perfume store at Incheon International Airport Terminal 1 in South Korea.
Pochet Group and KOA Glass ink partnership
France-based Pochet Group and Japan-based KOA Glass have inked a partnership.
Bath & Body Works partners with Netflix
Bath & Body Works has entered a year-long partnership with streaming service, Netflix.
dsm-firmenich opens two production plants in France
dsm-firmenich has opened two production plants in Castets, southwestern France, for the production of perfumery ingredients.
Kohl’s sales down 1.1% in Q4
US-based department store chain Kohl’s has reported fourth quarter net sales fell 1.1% year-over-year to $5.7bn.
The Beauty Health Company appoints Marla Beck President and CEO
The Beauty Health Company has appointed Marla Beck permanent President and CEO.
Natura &Co sales down 17.4% in Q4 2023, net loss widens
Natura &Co has reported consolidated net revenue in Q4 2023 rose 4.5% in constant currency to BRL 6.6bn ($1.32bn).
Deirdre Stanley to step down from The Estée Lauder Companies
Deirdre Stanley, Executive Vice President and General Counsel at The Estée Lauder Companies, is to step down from her role.
Beauty consumers want discovery-led, and interactive experiences in-store
Shoppers prefer discovery-led, high-touch and interactive experiences in-store as they look for ways to cut through confusion in the beauty category and overcome choice paralysis.
The latest Retail & Tech newsletter out today – No 169
BW Confidential’s newsletter on the latest retail & tech trends in beauty
MS BEAUTiLAB names Karine Melloul CEO
Karine Melloul has been named CEO of MS BEAUTiLAB.
HMV owner considering rescue bid for The Body Shop
Canadian businessman Doug Putman is considering a rescue bid for The Body Shop, according to the Telegraph.
L’Oréal launches new ingredient to address age spots
L’Oréal Groupe has launched a new ingredient called Melasyl, a molecule designed to address localized pigmentation issues.
Douglas Group sets share price range for IPO
German beauty retailer Douglas Group has set the price range for its IPO on the Frankfurt Stock Exchange at €26.00 to €30.00 per share.
TikTok could face a ban in the US
Short video app TikTok is being threatened with a ban in the US unless Chinese parent company ByteDance divests from the platform.
This Week in Beauty March 4-8, 2024
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Key data and trends on French beauty market unveiled at CEW France Beauty Business event
France’s total beauty market saw growth of 5% in value to
BW Confidential Showtime with Cosmoprof Worldwide Bologna
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Dwayne Johnson launches personal-care brand
Actor Dwayne "The Rock" Johnson has launched a personal care brand called Papatui.
Michael Edwards to release new book on American fragrances
Historian and author Michael Edwards is to release a new book called American Legends
Nordstrom unveils key priorities for 2024
US-based retailer Nordstrom has unveiled its three key priorities for 2024 in its Q4 2023 earnings call.
Puig sees record revenues of €4.3bn in 2023
Spanish company Puig reported record net revenues of €4.3bn in 2023, a rise of 19% compared to 2022.
Avolta core turnover up 21.6% in 2023
Avolta has reported consolidated turnover of CHF 12.78bn ($14.5bn) in FY 2023.
Target unveils new strategy as sales fall 4.4% in Q4
Target unveiled plans that involves opening new stores, expanding its own-brands and re-introducing its loyalty program.
Leste Group acquires stake in Brazil’s Prestige Cosmetics
Global private equity investor Leste Group has acquired a significant stake in luxury perfumes and cosmetics distributor Prestige Cosmetics.
Symrise sales up 2.4% in 2023
The Symrise Group saw sales of €4.73bn in the 2023 fiscal year, a rise of 2.4% in the reporting currency.
Esxence opens today in Milan
The 14th edition of Esxence opens its doors today at the Allianz MiCo Milano Convention Centre in Milan, Italy.