This Week in Beauty August 21-25, 2023
This Week in Beauty video – A highlight of the week’s key news in just under...
Ulta Beauty’s sales up 10.1% in Q2
Ulta Beauty has reported that net sales increased 10.1% to $2.5bn in the second quarter of 2023.
Douglas’ assortment chief to leave company
Isabell Hendrichs, Chief Assortment and Purchasing Officer of German retailer Douglas Group
Leonard A. Lauder to step down from Estée Lauder Companies’ Board of Directors
Chairman Emeritus Leonard A. Lauder will not stand for re-election to the Estée Lauder Companies’ Board of Directors.
Puig opts for travel retail to unveil new Rabanne identity
Spanish company Puig has opted for travel retail as the first
Douglas’ sales up 9.7% in Q3
German retailer Douglas increased sales and profits in the third quarter of the fiscal year 2022/23.
Puig opens L’Artisan Parfumeur pop-up at Paris Charles de Gaulle Airport
Puig has opened a long-term pop-up boutique space for L’Artisan Parfumeur at Paris Charles de Gaulle (CDG) Airport.
Macy’s sales down 8% in Q2
Macy’s reported net sales fell 8% to $5bn for the second quarter of 2023.
Coty’s sales and profits rise in Q4 and full year
Coty reported sales increased 16%
MAC launches new foundation
MAC has launched a new foundation, with a focus on skincare properties
Prada launches beauty line
L'Oréal has launched a beauty line for the Prada brand
Coty to expand Marc Jacobs license to beauty
Coty has expanded its license agreement with fashion brand Marc Jacobs to include
Rituals opens new store at Haikou International Duty Free Complex
Rituals Cosmetics has opened a new store at Haikou
Amyris files for bankruptcy
Biotech company Amyris has filed for bankruptcy.
IFF names Casper Vroemen as Chief R&D and Sustainability Officer
IFF has named Casper Vroemen to succeed Gregory Yep as Chief R&D and Sustainability Officer.
Estée Lauder Companies sales fall 10% in fiscal 2023
Estée Lauder Companies' (ELC) net sales fell 10% to $15.91bn
Farfetch confirms it will shut beauty
E-commerce company Farfetch Group has officially confirmed that it is exiting beauty,
Coty renews license agreement with adidas
Beauty company Coty Inc. has renewed its long-term license agreement with sporting goods brand adidas.
YSL launches new men’s fragrance
L'Oréal has launched a major new men’s fragrance for YSL called MYSLF.
Oh My Cream to add sexual wellness brands to line-up
French retailer Oh My Cream is to begin selling a range of products dedicated to sexual wellness this month.
Macy’s names Massimo Magni as Chief Customer and Digital Officer
Macy’s has named Massimo Magni Chief Customer
CVC Capital Partners said to be considering taking Douglas public
Private equity firm CVC Capital Partners is said to be considering an initial public offering (IPO)
American Exchange Group acquires HatchCollective
Accessories designer and manufacturer American Exchange Group has acquired HatchCollective.
Prestige beauty sales in US up 15% in first half
U.S. prestige beauty industry sales amounted to $14bn in the first half of 2023, a 15% increase versus the same period in 2022.
TFWA Managing Director John Rimmer to step down
Tax free association TFWA Managing Director John Rimmer is to step down from his position
Shiseido Travel Retail unveils digital-focused campaign for NARS
Shiseido Travel Retail has unveiled a new campaign for NARS that involves a WeChat mini program,...
Revlon CEO Debra Perelman exits
Revlon’s President and CEO Debra Perelman is to leave the company. The move follows the company’s exit...
Symrise sales up, profits down in first half 2023
German flavor and fragrance company Symrise saw a 6.8% increase in sales to €2.41bn in the...
Weak vitamin market weights on dsm-firmenich first-half results
Flavor and fragrance company dsm-firmenich reported a 9% decline in sales to €3.03bn in the second...
Kao to acquire Bondi Sands
Japan’s Kao Corporation is to acquire Australian suncare brand Bondi Sands.