The latest Retail & Tech newsletter out today – No 176
BW Confidential’s newsletter on the latest retail & tech trends in beauty
Puig sets share price for IPO
Puig has set the price guidance for its IPO at €24.50 per share, the top end of a previously reported range.
L’Occitane owner offers to buy out company
L’Occitane International’s owner Reinold Geiger has made an offer to take the French cosmetics company private.
Maesa names Molly Kennedy VP Marketing
Maesa has named Molly Kennedy VP, Marketing, leading Kristin Ess Hair and other brands
Kering to prioritize bringing fragrance licenses in-house
Kering is to prioritize bringing its fragrance licences in-house.
Estée Lauder Companies and Microsoft to create AI Innovation Lab
The Estée Lauder Companies (ELC) and Microsoft Corp. are expanding their relationship with the creation of an AI Innovation Lab.
L Catterton acquires majority stake in KIKO Milano
Investment firm L Catterton has acquired a majority stake in the Italian beauty brand KIKO Milano.
Unilever’s sales up 4.4% in Q1
Unilever reported underlying sales increased 4.4% in the first quarter of 2024.
This Week in Beauty April 22-26, 2024
This Week in Beauty video – A highlight of the week’s key news in just under...
Kering appoints Alexandre Choueiri CEO & President of Kering Beauté Americas
Kering has appointed Alexandre Choueiri CEO & President of Kering Beauté Americas.
Symrise sales up 5% in Q1
Symrise reported sales rose 5% in its reporting currency to €1.29bn in the first quarter of 2024.
Hermès Perfume and Beauty sales up 4.3% in Q1
Hermès reported consolidated revenue of €3.8bn in the first quarter of 2024.
Interparfums sales down 1% in Q1
Interparfums has reported sales of €212.7m in the first quarter of 2024.
PZ Cussons to sell St. Tropez
PZ Cussons is to sell the self-tanning brand St. Tropez.
US Senate passes bill to ban TikTok, unless sold
The US Senate has passed the legislation that would ban short video app TikTok in the country if its Chinese owner, ByteDance, fails to sell the platform.
THG Beauty revenue down 4.2% in 2023
THG reported revenue fell 8.4% year-over-year in its preliminary results for the financial year ended December 31, 2023.
Beiersdorf inks partnership with biotech Rubedo Life Sciences
Rubedo Life Sciences German beauty company Beiersdorf has inked a multi-year partnership with biotech company Rubedo Life... The latest Retail & Tech newsletter out today – No 175
BW Confidential’s newsletter on the latest retail & tech trends in beauty
Prada Beauty unveils counter at Paris’ CDG
Prada Beauty has unveiled a new counter at Charles de Gaulle airport in Paris, France, and a pop-up in Hainan, China.
Saks launches retail media network
Saks has launched the Saks Media Network.
West Lane Capital Partners acquires Mented Cosmetics
Private equity firm West Lane Capital Partners has acquired beauty brand Mented Cosmetics.
US moves closer to TikTok ban
The US House of Representatives passed legislation on Saturday that would ban the short video app TikTok in the country.
P&G net sales up 1% in Q3
P&G reported net sales were up 1% in the third quarter fiscal year 2024 to $20.2bn.
This Week in Beauty April 15-19, 2024
This Week in Beauty video – A highlight of the week’s key news in just under...
L’Oréal sales up 8.3% in first quarter 2024
L’Oréal said it saw a very good start to the year, with sales up 8.3% to €11.24bn in the first quarter
Puig looks to valuation of up to €13.9bn in IPO
Puig is to sell its shares at between €22 and €24.50 per share in its IPO.
Harvey Nichols appoints Julia Goddard CEO
Harvey Nichols has appointed Julia Goddard CEO, effective at the start of June.
Eurofragance sales up by more than 20% in 2023
Eurofragance reported sales rose in 2023 by more than 20% on a like-for-like basis versus 2022 to €146m
Robertet Group names James Krivda Senior Perfumer
Robertet Group has named James Krivda Senior Perfumer, based in New York.
Marionnaud to open La Prairie treatment suites in stores
Marionnaud has partnered with La Prairie to offer its customers skincare treatments in personalized La Prairie suites,