Henkel has announced a ‘significant’ uptick in sales and earnings for the first half of 2023 and, as a result, is upping its outlook for fiscal 2023. The manufacturer of Schwarzkopf is now forecasting sales of 2.5 percent to 4.5 percent for FY2023.
Unilever’s new CEO, Hein Schumacher has pledged to review its decision to continue operations in Russia after Ukraine named the FMCG manufacturer as a sponsor of war.
The CEO of Harvey Nichols, Manju Malhotra has resigned from her post. Malhotra has worked for the UK department store for some 25 years and was appointed CEO in 2020.
PZ Cussons has announced the appointment of Jawaz Illavia as Chief Information Officer. Jawaz will join fellow new senior leadership hire, Chief People Officer Cath Bailey on the Executive Leadership Team.
Douglas is said to be preparing to list on the stock market. The German perfumery chain’s owner, CVC Capital Partners is rumored to be working with advisors to prepare an initial public offering (IPO).
Frasers Group has announced that it is upping its stake in Asos. An official filing with the London Stock Exchange shows that the owner of Flannels has increased its share from 10.5 percent to 16.8 percent.
Reinold Geiger, the controlling shareholder of L’Occitane International SA, is discussing potentially privatizing the skincare company at a roughly $6.5 billion valuation.
French cosmetics brand Yves Rocher is closing its physical stores in Germany, Austria, and Switzerland due to unsustainable operations, though they will maintain their online sales in these regions.
Austin Butler is the new global ambassador for Yves Saint Laurent Beauty’s men’s fragrance, MYSLF.
Duty-free retailer Dufry has raised its profitability projections for 2023, attributing this adjustment to a surge in global travel post-pandemic, resulting in better-than-expected results for the year’s initial half.
Beiersdorf’s sales rose to €4.9 billion in H1 2023, marking a 12.3% organic increase.
Cosmetic company Lush paid £4 million in bonuses to its top executives last year despite profits plummeting by 90%.
Thayers, a beauty brand owned by L’Oréal, is launching pop-ups in London to introduce its rebranded witch hazel products.
Chanel has launched a new variant in its popular Chance fragrance line. Chance Eau Fraiche Eau de Parfum is said to combine the density of an Eau de Parfum with the brightness of an Eau de Toilette.
Cellular Goods is preparing to roll out its skin care range, Look Better to the French and German markets this year. The CBD-based beauty brand will extend the reach of its e-commerce site to cover the two European nations.
Symrise has announced its results for the first half of fiscal 2023. The German ingredients supplier reported sales of €2,414 million, up 6.8 percent on the same period a year ago. EBITDA was down on last year’s figures at €446 million due to a one-time effect relating to the shutdown of the Colonel Island site.
Charlotte Tilbury and Disney are both celebrating key milestones this year and to mark the occasion, the pair have teamed up to unveil a range of Disney-inspired limited-edition products.
Hermes International has announced its results for the second quarter of fiscal 2023. Bucking the wider trend in luxury as US sales stall, the French designer reported a 28 percent rise in sales at constant currency to hit a total of €3,317 million.
Having acquired the Prada licence in 2021, L’Oréal is ready to take the brand into the realm of skin care and make-up. The Italian designer has entered into two new product categories with the launch of its Prada Skin and Prada Color collections.
Following an exhaustive search, Unilever has announced the appointment of Ian Meakins as Non-Executive Director and Chair Designate, effective September 1, 2023. Meakins will succeed Nils Andersen as Chair on December 1, 2023.
The Consumer Technology Association has announced that L’Oréal CEO, Nicolas Hieronimus will deliver the key note speech at CES 2024. The owner of Maybelline and Lancôme is the first beauty company to headline the event.
L’Oréal has reported its results for the first half of fiscal 2023. The French beauty behemoth continued to outperform the global beauty market with sales up 12 percent (reported) to €20.57 billion.
Kering has named Armelle Poulou as its Chief Financial Officer, effective September 1, 2023. Poulou succeeds Jean-Marc Duplaix who is now Deputy CEO, heading up the Operations and Finance teams.
Just Eat and Lush have announced a global partnership whereby the takeaway delivery service will offer the ethical cosmetics brand’s popular products to its customers in set markets.
Reinold Geiger, Chairman of French skincare corporation L’Occitane International, is reportedly considering taking the company private.
LVMH has become a Premium Partner for the Paris 2024 Olympic and Paralympic Games.
Unilever reported a robust financial performance in the first half of 2023, demonstrating an underlying sales growth of 9.1% across all business groups.
Jean-Paul Gaultier will launch a new women’s fragrance, “Gaultier Divine,” this August. Yara Shahidi, an actress and activist, is the face of the campaign.
Kao Corporation has selected Christian Melcher as its Salon division’s Global Chief Marketing Officer
LVMH Moët Hennessy Louis Vuitton reported a 15% revenue increase in the first half of 2023, amounting to €42.2 billion.
The European Commission has begun a process to end animal testing for chemicals across Europe gradually.
Marc Jacobs has introduced Daisy Drops, a new product line in the Daisy Collection, which consists of compact, single-dose fragrance capsules.
Spanish fashion and beauty manufacturer, Puig, plans to relocate its U.S. offices.
Givaudan has reported solid performance for the first half of 2023.
Unilever has announced its compliance with any future conscription of its Russian employees for deployment to Ukraine.
Interparfums SA has announced that the fashion and beauty segments of Maison Rochas will now be consolidated under its management.
Coty Inc. is selling a portion of its Wella stake to IGF Wealth Management. The deal involves a 3.6% stake in Wella, which Coty sells for $150 million
Chemical giant BASF SE has lowered its annual earnings forecast, attributing this decision to weak global industrial output and lagging consumer product demand.
Ermenegildo Zegna N.V. has announced the appointment of Lelio Gavazza to the newly created CEO role at TOM FORD FASHION.
Fashion retailer H&M has revealed plans to expand its presence into Brazil by 2025, encompassing physical stores and an online platform
Essity, a renowned hygiene and health company, has concluded the divestment of its operations in Russia, thereby exiting the Russian market.
Fast-fashion retailer H&M is diversifying its portfolio beyond clothing. In response to stagnant sales, the company is expanding into beauty products and housewares and offering products from third-party brands.
L’Oréal-owned Maybelline is criticised for featuring bearded makeup artist Ryan Vita in an advertisement, following a similar controversy involving transgender influencer Dylan Mulvaney.
Bob Holt, CEO of UK-based Revolution Beauty, is reportedly prepared to step down if a settlement is reached with major shareholder Boohoo regarding changes to the board.
Superdrug, one of the UK’s leading health and beauty retailers, has announced strong financial results for 2022. With sales soaring by 17% to reach £1,367 million.
Rikkie Valerie Kolle has become the first trans woman to win the Miss Netherlands title, according to a report published by the New York Times.
Inter Parfums has announced that it has entered into an exclusive worldwide fragrance license for the Roberto Cavalli brand, effective immediately. The Cavalli fragrance business will be managed from Inter Parfums Italia’s office in Florence, in keeping with the company’s strategy to develop an Italian brand hub.
While the financial terms of Kering’s acquisition of Creed were not disclosed officially, the Financial Times and Reuters are reporting that the owner of Gucci paid €3.5 billion for the fragrance house.
LVMH has announced a water conservation plan which aims to manage the precious natural resource more efficiently on a global scale, reducing the luxury conglomerate’s consumption by 30 percent by 2030.
Coty has hosted its first investor event in Paris in a bid to buddy up to the European investment community in advance of its planned IPO.