The Estée Lauder Companies returns to growth as FY2026 sales rise 5%
The Estée Lauder Companies (ELC) reported a return to sales growth and improved profitability for fiscal 2026, with reported net sales rising 5% to US$15.05 billion and organic sales increasing 3%. Fourth-quarter momentum accelerated, with reported sales up 6% and organic sales up 5%.
Target raises 2026 outlook as Q2 sales rise and beauty delivers high single-digit growth
Target Corporation reported stronger second-quarter 2026 results, with net sales rising 5.3% to US$26.5 billion and comparable sales increasing 3.8%, prompting the retailer to raise its full-year sales and earnings outlook.
PROYA partners with Ulta Beauty to expand into US prestige skincare
Chinese beauty brand PROYA has partnered with Ulta Beauty to launch in the US, marking a significant step in parent company Proya Cosmetics’ international expansion strategy.
Amorepacific expands K-beauty portfolio in India with Mamonde launch
Amorepacific has launched skincare brand Mamonde in India through an exclusive partnership with beauty retailer Nykaa, expanding the South Korean group’s presence in the country.
Wipro Consumer Care acquires Dermatouch to enter digital-first premium skincare
Wipro Consumer Care and Lighting has agreed to acquire a 60% stake in Dermatouch for ₹3.88 billion (US$44 million), marking its entry into India’s fast-growing digital-first premium skincare segment.
Former P&G Beauty CEO Alex Keith appointed to Diageo Board
Diageo has appointed former Procter & Gamble Beauty CEO R. Alexandra “Alex” Keith as a Non-Executive Director, effective November 5, 2026, subject to shareholder approval.
Ulta Beauty appoints PacSun CEO Brieane Olson to Board
Ulta Beauty has appointed PacSun CEO Brieane Olson to its Board of Directors, effective August 31, 2026, adding more than two decades of specialty retail experience to the beauty retailer’s leadership.
DSM-Firmenich proposes Richard Ridinger as Chairman as Thomas Leysen retires
DSM-Firmenich’s Board of Directors has unanimously proposed independent director Richard Ridinger as its next Chairman, succeeding Thomas Leysen, who has decided to retire following the completion of the DSM-Firmenich merger and establishment of the group’s strategic direction.
CVC Capital invests KRW300 billion in K-beauty distributor Silicon2
Silicon2 has secured a KRW300 billion investment from CVC Capital Partners as the K-beauty distribution company looks to accelerate the expansion of its international distribution and logistics infrastructure.
River Associates acquires personal care manufacturer Diamond Wipes
Private equity firm River Associates has acquired Diamond Wipes, a North American contract manufacturer of wet wipes and liquid-fill personal care products.
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