Beauty
The latest news
Germany's Douglas shares trading below price guidance at IPO
German perfume and cosmetics retailer Douglas shares fell 4.7% at its IPO debut on Thursday at the Frankfurt stock exchange, with an opening price of 25.
Beauty
Sephora to exit South Korea market
French cosmetics giant Sephora has announced plans to exit the South Korean market following a challenging battle for market share against local competition.
Beauty
Florence by Mills launches in India with Nykaa
Florence by Mills has launched in the Indian market exclusively with multi-brand beauty giant Nykaa and has gone live on its shopping app, on its e-commerce store, and in select brick-and-mortar outlets.
Beauty
Harrods announces more 175th anniversary celebrations
Harrods kicked off its 175th anniversary celebrations with its Burberry link-up last month and is continuing to mark the birthday in March (and for the rest of the year) with special activations and products.
Luxury
The Body Shop files for suspension of payments in France
On Tuesday March 19, British cosmetics brand The Body Shop filed for suspension of payments in France. Some 60 shops and 260 employees are affected by this procedure.
Beauty
Harvey Nichols cuts jobs but performance improves
Harvey Nichols is the latest retailer to announce job cuts in a further sign that the bleak UK retail sector is hurting luxury as much as other price points.
Fashion
Bluegem sells Beautynova majority stake to PAI Partners
London-based Bluegem, the private-equity firm, has struck a deal with PAI Partners for the latter to acquire a majority stake in Beautynova, the professional haircare platform.
Fashion
UK luxury is £81bn industry says new report
The UK luxury sector is now worth £81 billion a year to the UK economy and supports 450,000 jobs, according to a new report by British luxury body Walpole.
Fashion
Cohere Beauty names new SVP, business development
Cohere Beauty announced on Thursday the appointment of Tara Chacho to the role of senior vice president, business development.
Beauty
Ulta Beauty's annual profit forecast misses estimates as costs climb
Ulta Beauty on Thursday forecast full-year profit below Wall Street estimates after elevated supply chain costs and increased promotions hurt margins, sending its shares down 4.5% in extended trading.
Beauty
John Lewis back in profit, fashion sales rise
John Lewis is one of the most closely watched retail giants in the UK at the moment, mainly because of its many problems in recent years. But at least its annual results managed to show it returning to profit.
Fashion
Procter & Gamble head of skin and personal care retires
Procter & Gamble head of skin and personal care Markus Strobel has retired from his role at the U.S. consumer goods giant, effective August 1.
Beauty
Celine unveils the contours of its first make-up line
Following the launch of its haute parfumerie collection in 2019, luxury house Celine will be delving into the world of make-up from next autumn.
Beauty
New Zalando strategy targets B2C and B2B transformation, includes more lifestyle categories
Zalando had big news Wednesday, saying it has evolved its strategy to cover a “larger share of [the] fashion and lifestyle e-commerce market” with a “pan-European ecosystem for customers and partners”.
Fashion
Interactive experiences a must for in-store beauty buys - survey
Just how important is it for consumers to have in-store support to get a beauty purchase right? New research says it’s key for just about everyone, but are brands/retailers providing the right back-up to get them there?
Beauty
Otto Group unveils leadership succession plan
Otto Group has announced a succession plan that will see Benjamin Otto succeeding his father Prof. Dr. Michael Otto as head of the group, but not until 2026, with other key changes happening from next year.
Fashion