KaDeWe Group files for bankruptcy
KaDeWe Group filed for bankruptcy yesterday in Berlin, according to the Financial Times.
DFS Group launches Beauty Collective concept in Hong Kong
DFS Group has launched its “Beauty Collective” concept in Hong Kong.
Daraz Group names James Dong acting CEO
Daraz Group has named James Dong acting CEO.
China’s luxury market forecast to grow in mid-single digits in 2024
After an overall rebound in 2023, China’s luxury market is forecast to grow at mid-single-digit in 2024.
Prada opens beauty counter at Samaritaine Paris
Prada has opened a new beauty counter at the department store Samaritaine Paris Pont-Neuf by DFS Group.
This Week in Beauty January 22-26, 2024
This Week in Beauty video – A highlight of the week’s key news in just under...
JD opens warehouse in Paris, partners with Evri
JD Worldwide is to open its first self-operated direct procurement warehouse for fashion goods in Paris, France.
Zomato co-founder launches health and wellness platform
Co-founder of food delivery comapany Zomato, Gaurav Gupta, has launched a health and wellness platform called Gabit
LVMH perfumes & cosmetics sales up 11% in 2023
LVMH reported a 13% increase in revenues in 2023 to €86.2bn,
Industry Talks: IFF President Fine Fragrance Sabrya Meflah
IFF President of Fine Fragrance Sabrya Meflah tells BW Confidential about
Givaudan full year 2023 sales up 4.1%
Givaudan has reported full year sales in 2023 were CHF 6.91bn ($7.99bn), up 4.1% on a like-for-like basis.
Chanel launches new Chance campaign with app game
Chanel has launched “The new Chance campaign” on YouTube and released an app game.
Native launches whole body deodorant sprays and sticks
Personal care brand Native (P&G) has launched Whole Body Deodorant.
Target to launch over 1,000 new wellness products
US-based retailer Target is introducing over 1,000 new wellness-related products.
Interparfums 2023 sales up 13%
Interparfums’ sales rose 13% in 2023 to €798.5m.
International tourism expected to fully recover to pre-pandemic levels in 2024
International tourism ended 2023 at 88% of pre-pandemic levels, with an estimated 1.3 billion international arrivals.
The latest Retail & Tech newsletter out today – No 162
BW Confidential's newsletter on the latest retail & tech trends in beauty
Bridgepoint to acquire RoC Skincare
Investment fund Bridgepoint is to acquire RoC Skincare from private-equity firm Gryphon Investors.
P&G net sales up 3% in Q2
P&G reported second quarter fiscal year 2024 net sales of $21.4bn, up 3% compared to the prior year.
Cosmetics companies create consortium to improve supply chain traceability
A consortium of 15 cosmetics companies have come together to create the TRaceability Alliance for Sustainable CosmEtics...
Macy’s rejects Arkhouse Management bid
US-based retailer Macy’s has rejected a $5.8bn offer to
Debut launches first skincare brand Deinde
Debut has launched its first consumer and skincare brand Deinde.
eComplete acquires Give Me Cosmetics
eComplete has acquired a majority stake in the beauty brand Give Me Cosmetics.
This Week in Beauty January 15-19, 2024
This Week in Beauty video – A highlight of the week’s key news in just under... Macy’s to lay off 3.5% of workforce
US department store chain Macy's is to lay off 3.5% of its overall workforce, representing 2,350 jobs.
Natura &Co to delist from the New York Stock Exchange
Brazilian beauty company Natura &Co is to end its secondary listing on the New York Stock Exchange.
Eurazeo takes minority stake in Ex Nihilo
Eurazeo has taken a minority investment of around €25m in French niche fragrance brand Ex Nihilo.
Beautycounter’s founder Gregg Renfrew to return as CEO
Gregg Renfrew is to return as CEO of the skincare and cosmetics brand she founded, Beautycounter.
Keys Soulcare launches on Amazon Premium Beauty
Alicia Keys’ beauty brand Keys Soulcare launches today on the Amazon Premium Beauty store.
Bath & Body Works reformulates bodycare collection
Personal care brand Bath & Body Works has reformulated its entire bodycare offering.