The latest news
Loss-making Boohoo smiles through the pain, predicts better year ahead
It was no surprise that Boohoo swung to a statutory loss in its latest full year as sales fell and costs rose, although the company remains upbeat for the medium term and its ability to get back to profitable growth.
Rouje opens first international store in London
Womenswear brand Rouje has opened its first international store with a debut on South Molton Street in London’s West end.
Shiseido: net profit doubles in Q1 but forecast unchanged
Japanese cosmetics group Shiseido on Friday reported a sharp rise in first-quarter profits but did not raise its annual forecast.
London Designer Outlet sees "strongest ever April"
London Designer Outlet’s performance continues to highlight the strength of outlets overall, with it saying this week that it saw its “strongest ever April”. Sales rose 16% year on year and 17% since April 2019.
Lush invests £2.3m in latest UK green hub
Ethical beauty products specialist Lush has invested £2.3 million in its new Green Hub at Fleets Corner Business Park in Poole, expanding and reinforcing its commitment to the circular economy.
Chinese company earnings reveal lopsided economic recovery
People in China splashed out on dining, travel and luxury goods after emerging from three years of pandemic restrictions but are still not spending freely on routine consumer items.
L'Occitane exceeds the €2 billion mark for its 2022/23 financial year
For its 2022/23 financial year ending March 31, the cosmetics group L'Occitane recorded a turnover of 2.13 billion euros, up 17.9%. This growth was driven by the acquisition of Sol de Janeiro.
Coty's fragrances sweeten profit forecast after strong beat
Coty Inc on Tuesday raised its annual profit forecast for the second time, as the CoverGirl parent banks on price hikes, new launches and resilient demand for its high-end and affordable fragrances and cosmetics.
Bogart's revenue grows 17.2% in Q1
French cosmetics group Bogart has reported a 17.2% sales growth for Q1 2023. This year, the group is planning to return to profitability by reorganising its store network in France and Belgium.
Body Shop owner Natura's Q1 is loss-making but it hails stronger performance
The Body Shop’s owner Natura &Co has reported what it called a “resilient performance” for Q1, with sales growth in constant currency and an improvement in profit margins. It was still loss-making, however.
Estée Lauder names Manushi Chhillar as global brand ambassador
Estée Lauder has named Bollywood actor and former Miss World, Manushi Chhillar as its global brand ambassador.
Coty eyes dual listing on Paris Stock Exchange
Coty Inc said on Friday it would explore a listing on the Paris Stock Exchange as the CoverGirl cosmetics maker looks to strengthen its presence in Europe and tap into new investors in the market.
Estée Lauder sinks after dour 2023 view on slow Asia travel retail
Estée Lauder Cos on Wednesday forecasted a bigger drop in full-year sales and profit, disappointing Wall Street; that was expecting better results on rebounding travel retail after Covid-19 restrictions eased globally.
Revlon emerges from bankruptcy after lender takeover
Revlon Inc said Tuesday that it has emerged from bankruptcy after cutting more than $2.7 billion in debt and handing control of the beauty products company to its lenders.
Superdrug celebrates National Beauty Banks charity milestone
Health & beauty retail giant Superdrug is celebrating a charity beauty milestone. It’s now five years since the first 'National Beauty Banks’ bins were installed in its stores.
Estée Lauder names model Imaan Hammam as global brand ambassador
Estée Lauder announced on Monday Dutch supermodel Imaan Hammam as its newest global brand ambassador.