Beauty news and archive

Estée Lauder Companies to establish Parisian atelier to bolster fragrances

Beauty giant Estée Lauder Companies (ELC) has said it will be establishing an atelier in Paris, France, as it looks to bolster strategic ambitions in the area of luxury and prestige fragrances. Through the atelier, which will exclusively be focused on fragrance innovation and craftsmanship, ELC is hoping to capitalise on the momentum of the...

Business

Hailey Bieber’s Rhode steps further into Europe with five new territories

Rhode, the skincare brand of model and media personality Hailey Bieber, is continuing on in its rapid expansion plans, with the company now set to enter five new territories in Europe. In an Instagram post, the brand said its full collection would be shipped to France, Germany, Ireland, Italy and Spain starting September 28, marking the first...

Report

Coty follows through with dual listing, applies for Euronext Paris

After months of speculation and vague details of planning, beauty giant Coty has officially applied for the listing and trading of its Class A common stock on Euronext Paris. The American cosmetics group, which already trades on the New York Stock Exchange, revealed that it was mulling a dual listing back in May, stating at the time that such a...

Retail

Rituals reportedly planning 25 store openings next year

Cosmetics giant Rituals is believed to be planning to open 25 new stores next year, as well as 10 new stores by the end of this current year. The rapid growth comes as the retailer aims to carry out a swift expansion across the UK and Ireland, according to Retail Week, which had initially reported on the news. Of the 10 new stores planned for...

Business

Coty reportedly moving ahead with Paris listing

Beauty giant Coty is believed to be going ahead with its second stock exchange listing, with it reportedly planning to enter the Paris Stock Exchange (PAR) as soon as the coming weeks. Details of the NYSE-listed group’s plans had initially been unveiled in a regulatory filing published in May, with the dual listing idea formulated around the...

Fashion |Beauty

Sporty & Rich expands into beauty

Lifestyle and activewear label Sporty & Rich have launched a new beauty category as an extension of its wellness-focused principles. S&R Beauty is grounded in “simplicity, ease of use and natural ingredients,” explains the brand and launches with five skincare products that embody the brand founder Emily Oberg’s balanced, whole-body approach to...

Report

Coty raises FY24 sales outlook on strong demand

Coty has increased its guidance for the full year after seeing “strong momentum” in demand across key markets and categories, particularly in prestige fragrances. The beauty and cosmetics giant now expects FY24 core like-for-like sales growth of between 8 percent and 10 percent, up from its previous guidance of being at the top end of its...

Business

Shiseido steps into wellness with new brand launch

Japanese beauty giant Shiseido has begun its entry into the wellness space with the launch of a new brand that will aim to “help people pursue their own unique beauty and wellness”. Set to be unveiled in February 2024, Shiseido Beauty Wellness (SBW) will first conduct the research and development of its products alongside Tsumura and Kagome; the...

Business

THG secures SBTi approval for net-zero targets

Beauty and fashion technology group THG has announced that its net-zero targets have been validated by the Science Based Targets Initiative (SBTi), confirming that they align with the latest goal of limiting global warming to 1.5 degrees celsius. To achieve such a feat, THG completed and submitted its science-based targets (SBTs) at the end of...

Report

Ulta Beauty names COO Kecia Steelman president

American retailer Ulta Beauty has announced the appointment of its chief operating officer Kecia Steelman to president, assigning her the responsibility of both roles simultaneously. In the two positions, Steelman will oversee corporate strategy, information technology, store operations, supply chain and loss prevention, as well as Ulta Beauty’s...

Report

Puig eyes 2024 for IPO filing

Spanish fashion and beauty group Puig, the parent company of Dries van Noten, Jean Paul Gaultier, Nina Ricci and Paco Rabanne, among others, is reportedly entering the stock market. The company is targeting an IPO in 2024 with an estimated valuation of €8 billion, according to Europa Press. Spanish economic and business newspaper 'Expansión'...

ManagementFeatured

THG: H1 losses widen as revenue falls 9.3 percent

British retail giant THG has reported an almost 10 percent drop in revenue and widening losses in the first half of the year as it continued to cut down on loss-making categories. The group, which owns a raft of fashion, beauty, and nutrition brands including Lookfantastic and Myprotein, reported a 9.3 percent drop in revenue to 969.3 million...