Shares in Beiersdorf dropped more than 10% on Wednesday after the maker of Nivea skin cream warned that its operating margin would fall in 2019 as it invests to compete with niche brands that are disrupting the sector.
The NYC-based beauty company posted a slight decline in Q4 net sales on Tuesday, as it reported the closure of its store network to refocus its efforts online and announced the start of its hunt for a new CFO.
Nivea skin cream maker Beiersdorf will make additional investment of up to 80 million euros a year in its consumer business to counter a forecast drop in sales growth, the German company said on Tuesday.
Looking to accelerate the growth of its brands in Europe and Asia, South Korean beauty giant AmorePacific, owner of LaNeige, Innisfree and Sulwhasoo, has entered into a strategic partnership with A.S.Watson Group.
The 10-piece series comprises budget-friendly, plant-derived baby essentials featuring organic botanicals and spanning shampoo and body wash as well as bubble bath, baby lotion, mineral sunscreen and more.
The UK is a magnet for luxury tourists but the potential for spend at its upscale fashion stores is being let down by the country’s ‘Stone Age’ method of refunding VAT, experts claim. And Brexit could make it worse.
Two of the biggest names in luxury retail are now working together with Farfetch saying on Tuesday that it’s linking up with Harrods and will be the luxury department store’s global commerce platform provider.
The cruelty-free beauty brand has teamed up with HBO's hit TV show to launch a beauty collaboration which, according to a teaser video posted to the label's Instagram page, is set for release in April.
The conglomerate, which counts Olay, Pantene and SK-II among its brands, has teamed up with the animal protection organization the Humane Society International (HSI) to back its #BeCrueltyFree campaign.