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.
Oh My Cream opens two stores in Brussels
French retailer Oh My Cream has opened two new stores in Brussels, Belgium.
Watsons partners with Kenvue, L’Oréal and P&G for sustainability initiatives
Watsons, the flagship health and beauty brand of A.S. Watson Group, has partnered with Kenvue, L’Oréal and P&G to work towards its sustainability efforts.
Byredo opens new store in Seoul
Byredo has opened a new store in Garosu-gil, Seoul.
L’Oréal’s sales up 13.3% in first half
L’Oréal’s sales grew by 13.3% on a like-for-like basis and +12.0% at reported rates to €20.57bn for the first half of 2023.
Hermès sales up 28% in second quarter
Hermès’ second-quarter sales totaled €3.31bn, up 28%
L’Occitane Chairman said to be considering taking company private
Bloomberg has reported that L’Occitane International SA’s controlling shareholder is considering taking the skincare company private.
Armani Beauty names Sadie Sink as new international ambassador
Armani Beauty has named actress Sadie Sink as its new International Ambassador.
Lancôme unveils beauty tech animation at Dubai airport
French beauty and fragrance brand Lancôme (L’Oréal Groupe) has partnered with retailer Dubai Duty Free Group for a beauty tech-driven animation at Dubai Airport.
Lagardère Travel Retail’s revenue up 32.4% in H1
Lagardère Travel Retail’s revenue for the first half of 2023 rose 32.4% on a like-for-like basis to €2.3bn.
LVMH Perfumes & Cosmetics sales up 11% in first half
LVMH reported a 15% increase in revenue for the first half of 2023 to €42.2bn. Organic growth...
Unilever’s turnover up 2.7% in first half
Consumer-goods group Unilever’s turnover rose 2.7% to €30.4bn for the first half of 2023.
Iberchem opens creative centre in Indonesia
Fragrance manufacturer Iberchem, part of Croda
Inter Parfums Inc sales up 26% in Q2 2023
Inter Parfums Inc’s net sales rose to $309 million for the second quarter of 2023, a 26% increase from the same period in 2022.
L’Occitane Group’s sales up 20.2% in Q1
L’Occitane Group’s sales grew 20.2% to €502.2m in
Interparfums sales up 24% in first half, raises guidance
Interparfums has reported sales rose 24% in the first half of 2023.
LVMH becomes partner of the Paris 2024 Olympic and Paralympic Games
LVMH has become a premium partner of the Paris 2024 Olympic and Paralympic Games.
Silvio Denz to sell stake in Lalique to Müller
Silvio Denz from Lalique Group has reached an agreement with Müller Handels AG Schweiz for the latter to buy 600,000 of his company shares.
This Week in Beauty July 17-21, 2023
This Week in Beauty video – A highlight of the week’s key news in just under...
Bluebell Capital said to have taken a stake in Kering
Reuters has reported that Bluebell Capital has taken a stake in French luxury group Kering and is pushing for change.
Givaudan’s sales up 2.4% in first half of 2023
Givaudan’s sales were CHF 3.53bn ($4.11bn), an increase of 2.4% on a like-for-like basis.
Sephora said to be considering China overhaul
Bloomberg has reported that beauty retailer Sephora is thinking about overhauling its China operations.
Suqqu launches new foundation and powder
Beauty brand Suqqu is to launch its new products ‘The Foundation’ and ‘The Loose Powder’.