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As companies plan for another turbulent year, they are emphasising value, taking bigger retail bets and remaining optimistic.
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It comes as the brand sees consumers investing more in hair products and scalp maintenance, said Cecile Koenig, Guerlain’s director of international skin care marketing.
Cosmetics retailer Ulta Beauty Inc cut its annual operating margin forecast on Thursday, signaling pressure from higher inventory shrink and supply chain costs.
On Thursday, E.l.f. announced its fourth-quarter earnings and full fiscal year earnings for 2023; reporting a 48 percent increase in year-end net sales to $578.8 million.
International Flavors & Fragrances Inc. is weighing a sale of a unit making ingredients for the cosmetics and personal care industry, people with knowledge of the matter said.
Brazil’s antitrust regulator Cade on Wednesday recommended the approval of the sale of Natura & Co’s Aesop brand to French cosmetics company L’Oréal, according to the country’s daily gazette.
Beyoncé posted a series of images on her Instagram account that appeared to hint at the launch of an upcoming beauty brand.
Chanel has named actor Timothée Chalamet as an ambassador for its Bleu De Chanel fragrance. The team-up marks the 27-year-old’s first fashion or beauty partnership.
THG has ended talks about a possible takeover bid by Apollo, saying the private equity company’s offer is an inadequate valuation of the online retail tech company.