Beauty news and archive

L’Oréal records strong Q1 results

First quarter sales of 11.24 billion euros, increased 9.4 percent like-for-like and 8.3 percent reported at L’Oréal. The company’s adjusted like-for-like growth was 8.1 percent. Commenting on the figures, Nicolas Hieronimus, CEO of L'Oréal, said in a statement: “2024 is off to a very good start with like-for-like growth of 9.4 percent,...

Fashion |Beauty Featured

Charlotte Tilbury unveils debut fragrance collection

Celebrity make-up artist and entrepreneur Charlotte Tilbury is expanding her beauty and skincare empire with a debut collection of fragrances developed with master perfumers at flavours and fragrance company IFF and backed by neuroscience. The six new fragrances are powered by emotion-boosting molecules, designed to unlock a range of emotions,...

Business

Douglas Group reduces net debt, Q2 sales up 11.5 percent

Omni-channel beauty retailer Douglas Group has secured a new refinancing of 1.3 billion euros. Following its listing on the Frankfurt Stock Exchange at the end of March, the company had used the proceeds and a capital injection to partially prepay an existing facilities agreement amounting to 675 million euros. With the fresh financing, the...

People

Sephora names Xia Ding as managing director of Greater China

Beauty retailer Sephora has appointed Xia Ding as the managing director of Greater China. Based in Shanghai, Ding will directly report to Asia president, Alia Gogi. Prior to Sephora, she spent five years as vice president & general manager of e-commerce Asia Pacific and Latin America at Nike. Commenting on Ding’s appointment, Gogi said in a...

Business |Beauty

Dove commits to never using AI to represent “real beauty”

Skincare brand Dove states that artificial intelligence (AI) is threatening the representation of real beauty, and it commits to never using AI to represent real women in its adverts. The pledge comes as the Unilever-owned brand celebrates 20 years of its ‘Campaign for Real Beauty,’ where it challenges society, media, and the beauty industry to...

Business |Beauty

Kiki secures funding from Estée Lauder's investment arm NIV and A16z Crypto

Kiki, the community commerce beauty company, has raised 7 million US dollars from investors, including A16z Crypto and The Estée Lauder Companies' investment arm New Incubation Ventures (NIV). Other initial funding round investors included consumer-tech funds Double Down, 2Punks Capital and Advancit, digital communities RedDao and OrangeDao, and...

People |Beauty

Jessica Alba to step down from leadership role at The Honest Company

Actress Jessica Alba has announced that she is stepping down from her role as chief creative officer of The Honest Company, the clean beauty and lifestyle brand that she co-founded in 2012. In a statement, Alba said: “When I created The Honest Company, I set out to change the consumer product industry and I can proudly say, we did just that....

Business

L’Occitane halts trading ahead of possible buyout announcement

Cosmetics giant L’Occitane has announced that it has halted the trading of its shares pending an announcement related to takeover and merger codes. The revelation comes amid recent media speculation suggesting that asset management firm Blackstone Inc. was circling the skincare group, mulling a bid while conducting preliminary due diligence, as...

Business

China's Joy Group posts 48 percent jump in 2023 revenues

Shanghai Juyi Cosmetics (Joy Group) retail sales of 450 million dollars, accompanied by a revenue of 360 million dollars, increased by 48 percent in 2023 excluding René Furterer. This achievement, the company said in a statement, marks another year of sustained double-digit growth with healthy profitability, which has set Joy Group on the path...

Retail |Beauty

Kiko Milano continues expansion in the UK

Italian colour cosmetics brand Kiko Milano is continuing its rapid expansion plans across the UK with a new boutique opening in Angel Central in London. The new 818-square-foot store, within the CBRE Investment Management-owned centre, will open later this month. It will sit alongside Angel Central’s other beauty and skincare offerings, such as...

Business

The Body Shop: French subsidiary falls, UK CVA to be explored

Aurelius is continuing down the spiralling path of restructuring The Body Shop, and has now put the struggling beauty retailer’s French subsidiary into administration. Akin to similar moves in Germany, the UK, the US and Belgium, The Body Shop filed for bankruptcy with the Paris commercial court, as reported by various media, granting the...

People

Dexter King promoted to global general manager of Tom Ford Beauty

Dexter King has been appointed as senior vice president, global general manager, Tom Ford Beauty. King stepped into this role effective April 1, 2024 and will continue reporting to Guillaume Jesel, president and CEO, Tom Ford and luxury business development, The Estée Lauder Companies. King will also join The Estée Lauder Companies extended...