The chairman of consumer goods giant Unilever said on Wednesday he is stepping down after three years in the role. He will hand over the reins to Nils Andersen, but will remain on the board as a non-executive director.
German chemical and consumer goods company Henkel announced on Monday that it has signed an agreement to acquire NYC-based Deva Parent Holdings, owner of high-growth specialist professional haircare brand DevaCurl.
Currently reviewing the possibility of a sale, Revlon announced declining revenues and widening losses for Q3 on Friday, as weaknesses in its North American business took their toll on the company’s top line.
The Denton, Texas-based professional beauty supplies retailer announced a 25% increase in fourth-quarter earnings on Thursday, ending fiscal 2019 on a high note and hitting its full-year financial targets.
Following a surprise loss in Q1, the cosmetics brand announced strong year-over-year improvements in both sales and earnings for the second quarter on Wednesday, as the company’s restructuring efforts begin to pay off.
Capri Holdings faced some challenges in Q2 but the company is upbeat about the prospects for its trio of power brands as Versace gains traction, Michael Kors returns to positive comparable sales and Jimmy Choo expands.
A new study predicts that the global K-beauty market will be worth $21.8 billion within the next six years, as increased interest in organic ingredients and innovative skincare drives consumers towards the growing trend.