The latest news
Acqua di Parma appoints Giulio Bergamaschi as CEO
The Italian perfumer of the LVMH group has appointed Giulio Bergamaschi, who has almost twenty years of experience in the beauty industry as its new CEO. He succeeds Laura Burdese.
Analysis: as John Lewis mulls ownership tweak, why is it lagging rival M&S?
Not so many years ago, John Lewis was unstoppable while M&S was in an endless turnaround phase. Today, the situation has reversed and John Lewis is even reportedly thinking of changing its prized ownership structure.
Revlon to emerge from bankruptcy in April, 2022 earnings take a dive
U.S. cosmetics giant Revlon Inc. revealed net sales for the year ended December 31 dropped 4.7% to $2.98 billion, as the bankrupt company swung to even wider losses in 2022.
Sway, Zerocircle, Notpla win Tom Ford Plastic Innovation Prize
The Tom Ford Plastic Innovation Prize winners were announced earlier this month at the Green Carpet Fashion Awards (GCFA).
John Lewis losses grow, launches bigger costs-savings drive
When a results release starts with a message to the staff talking about “another very tough year”, you know it’s not going to be good and so it was with John Lewis Partnership on Thursday.
Coty lifts full-year guidance
Global beauty company Coty Inc. announced on March 15 an update on its financial progress and guidance for fiscal 2023, as well as future growth opportunities.
John Lewis names non-exec Nish Kankiwala to new CEO role
It’s a big news week for John Lewis with its results due Thursday and a new concept store layout unveiled Tuesday. And Wednesday? Just the small matter of a new CEO.
Body Shop and Aesop owner Natura highlights sales progress, despite overall falls
The Brazilian beauty giant that owns The Body Shop, Aesop and Avon, talked of “a resilient performance” in Q4 with sales growth in constant currency. But sales still fell on a reported basis and it made a net loss.
Boots cuts loyalty card benefits but adds more discounts
Boots has decided to change the way its loyalty card works. The UK health & beauty retail giant is to offer discounts on more of its own-brand products but reduce the monetary value of its Advantage Card scheme by 25%.
Gifting a bright spot in weak February UK e-tail, but clothing struggled says IMRG
UK online retail sales fell 4.1% last month compared to a year ago, the latest IMRG report has shown. Sales were down 7.8% compared to January and clothing had a tough time during the month.
Givaudan says it is part of EU, Swiss investigations into fragrances sector
Swiss fragrance and flavour maker Givaudan said on Tuesday that it is being investigated by European Union and Swiss antitrust regulators and that it was cooperating with them.
Sephora UK store is "threat to incumbents", but VFM will be key - analyst
With Sephora due to open its debut UK store on Wednesday, an analyst on Tuesday said the French beauty giant poses a threat to established market leaders, but must be seen as offering value in order to succeed.
Carolina Herrera to stage first ever destination runway show in Rio
Carolina Herrera will be staging its first-ever runway presentation outside of New York City on 1 June. The luxury label will decamp to Rio de Janeiro in Brazil to unveil its Resort 2024 collection.
Consumers cut clothing spend in February, but jewellery, beauty get Valentine's boost
UK consumer and retail spend last month was OK, but not brilliant as Valentine's Day provided support for the jewellery and beauty categories, but non-essentials (especially clothing) were largely off the priority list.
LVMH rejigs beauty division, names Stephane Rinderknech CEO
LVMH on Monday named Stephane Rinderknech as chairman and CEO of its beauty division, rounding out a series of broader management changes at the owner of Guerlain and Parfums Christian Dior.
Big spenders drive West End recovery despite footfall lag
The West End of London is recovering fast at present, updated figures from the New West End Company (NWEC) showed on Wednesday, as high-spending tourists cancel out slower footfall.