Ulta Beauty names next CFO as Settersten to retire
Ulta Beauty has announced that Scott Settersten is set to retire as Chief Financial Officer, effective April 1, 2024 and Paula Oyibo, SVP Finance, will succeed him, reporting to Dave Kimbell, CEO.
Pharmavite corners women’s health market with purchase of Bonafide Health for US$425 million
Pharmavite has announced that it has acquired Bonafide health for US$425 million. Other commercial terms of the deal were not disclosed. The menopause care firm will expand and complement Pharmavite’s existing women’s health business.
Amyris Sells Brands Amid Bankruptcy
Amyris, a bankrupt biotech company, has auctioned off four of its beauty brands to various buyers.
Bed Bath & Beyond Sues MSC
Bed Bath & Beyond’s bankruptcy estate, now named DK Butterfly, has filed a lawsuit against Mediterranean Shipping Co. (MSC) with the Federal Maritime Commission, seeking $300 million.
Ulta Beauty Reports Mixed Growth
Ulta Beauty, Inc. announced its financial results for the third quarter and the first nine months of fiscal year 2023.
Liz Rodbell returns to Hudson’s Bay, this time as President and CEO
Hudson’s Bay has announced the appointment of Liz Rodbell as President and CEO. Rodbell is an HBC veteran, having served as President of Hudson’s Bay from 2013-2017.
Google drafts in Vogue executive as MD of Tech, Media and Telecoms
Google has announced that it has appointed Vanessa Kingori as Managing Director of Tech, Media and Telecoms. Kingori joins from Conde Nast Britain, where she is Chief Business Officer and Vogue European Business Adviser.
Klarna expands growth tools for retailers
Klarna has announced the expansion of its growth tools for retailers and creators to help them engage with their audiences in more effective wats and enhance the shopping experience for customers.
The party’s over: Disco ceases trading and files for bankruptcy
Men’s skin care brand, Disco has ceased trading and filed for Chapter 7 bankruptcy. The brand is said to have between 50 and 99 creditors and estimated liabilities of between US$1 million and US$10 million.
Inter Parfums Forecasts Robust Growth
Inter Parfums, Inc. has announced its financial projections for 2024, expecting net sales to reach $1.45 billion and earnings per diluted share of $5.15.
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