The Estée Lauder Companies cuts full year forecast; Q1 net sales decline 11 percent
The Estée Lauder Companies has cut its full year forecast due to COVID-19 related lockdowns in China, currency fluctuations and record high inflation.
Mary Kay appoints founder’s third generation family member as new Chief Executive Officer
Mary Kay has announced the appointment of Ryan Rogers as Chief Executive Officer, starting January 1, 2023.
Perfect Corp debuts on New York Stock Exchange
Augmented reality app Perfect Corp has debuted on the New York Stock Exchange (NYSE), becoming a publicly listed company with with its Class A ordinary shares and warrants listed under the ticker symbols “PERF” and “PERF WS”, respectively.
ShopMy raises US$8 million in series A funding; affiliate marketing platform to scale engineering product and design
Affiliate marketing platform ShopMy has raised US$8 million in Series A funding, with the round led by Granite Telecom Chief Operating Officer Rand Currier, as well as a group of private investors, according to WWD.com.
Revlon sale begins as bankruptcy deadline approaches
Revlon is said to be inviting interested parties to submit bids for its assets, according to a report published by Bloomberg.
New York edges closer to equal pay as salary transparency mandated
Employers in New York City will be bound to disclose a pay range for every job vacancy from today under the region’s soon-to-be-enacted salary transparency law, according to a report published by The Wall Street Journal.
Hong Kong mulls green lighting crypto trades
Hong Kong is exploring the possibility of allowing retail trading of crypto assets, according to a report published by the Financial Times.
Bed, Bath & Beyond investigates data breach
Bed, Bath & Beyond has revealed that it has suffered a data breach, according to a report published by Reuters.
Saks partners with TerraCycle to launch beauty recycling program
Saks has partnered with TerraCycle to launch a beauty recycling program which will encourage shoppers to give their beauty empties a second life.
Beiersdorf 9M 2022: FY guidance raised as sales swell 11.1 percent
Beiersdorf has reported its results for the first nine months of the current financial year. The manufacturer of Nivea saw organic sales rise 11.1 percent on the prior-year period to hit €6,730 million and raised its full-year sales estimates accordingly to 9 to 10 percent in the consumer business.
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