Sephora news and archive

Slump in luxury spending slows LVMH sales growth

LVMH Moët Hennessy Louis Vuitton recorded revenue of 41.7 billion euros in the first half of 2024, achieving organic growth of 2 percent but down 1 percent reported. In the second quarter, organic revenue growth was 1 percent. The luxury conglomerate said in a statement that the growth continued over the first half period despite a geopolitical...

Business

LVMH posts Q1 organic revenue growth of 3 percent

LVMH Moët Hennessy Louis Vuitton recorded revenue of 20.7 billion euros in the first quarter, down 2 percent reported, while organic revenue growth was 3 percent. LVMH said in a statement that the company had a good start to the year despite a geopolitical and economic environment that remains uncertain. While Europe and the United States...

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...

Retail |Beauty

Haus Labs by Lady Gaga expands in Europe

Science-driven, clean make-up brand Haus Labs by Lady Gaga is expanding across 12 new countries in Europe with Sephora. The beauty brand will arrive in Sephora stores and online from March 26 in France, Italy, Spain, Portugal, Sweden, Denmark, and Germany. It will also be online only in Switzerland, Greece, Romania, Poland and the Czech...

Business

Sephora exits South Korea after yielding to stiff competition

LVMH-owned cosmetics giant Sephora has closed up shop in South Korea after struggling to capture a solid foothold in the market. The closure comes four years on from when the brand first stepped into the region, with the opening of a flagship store in Seoul’s Gangnam district which was followed by five more store openings. The move had initially...

Business

Anca Marola named global digital director at Sephora

Having worked within the LVMH Group for ten years, Anca Marola has now been appointed global digital director (CDO) of Sephora, the luxury group's chain of stores selling perfumes and cosmetic products. It was in 2014 that Marola joined the LVMH Group as its CDO and, from 2015 to 2017, she was in charge of Moët Hennessy's development in the US....

Business |Beauty

Sephora names eight beauty brands for accelerator incubator

Sephora North America has selected eight brands founded by Black, Indigenous, and people of colour (BIPOC), spanning haircare, makeup, skincare, and fragrance categories for its 2024 Accelerate incubator programme. The Accelerator, now in its ninth year, focuses on building a community of innovative, inspirational brand founders in the beauty...

Business |Beauty

Nars Cosmetics enters the Indian market

Nars Cosmetics, the Shiseido-owned beauty brand founded by make-up artist and photographer François Nars, has entered the Indian market at Shoppers Stop and Sephora ahead of its debut freestanding store in November. In a statement, Nars said its products would be available online at Shoppers Stop and Sephora, as well as in select stores across...

BusinessFeatured

LVMH revenue growth slows down in Q3

Luxury conglomerate LVMH Moët Hennessy Louis Vuitton recorded third quarter organic revenue growth of 9 percent to 19, 964 million euros down from a 17 percent rise in the second quarter. Organic revenue growth of 14 percent to 62,205 million euros in the first nine months of 2023. The company said in a statement that after taking into account...

Retail |Beauty

Glossier names Sephora UK as first international wholesale partner

Glossier will be available at Sephora UK after the beauty brand signed its first international wholesale partnership deal as part of its continued expansion. The cult-favourite beauty brand will be available at Sephora’s Westfield Shepherds Bush store and online at Sephora.co.uk from September 15, with Sephora’s app featuring a preview of...

BusinessFeatured

Kohl’s Q2 sales and earnings decline

Second quarter net sales at Kohl’s Corporation decreased 4.8 percent and comparable sales decreased 5 percent, while diluted earnings per share reached 52 cents. The company’s first half net sales decreased 4.1 percent to 7 billion dollars, with comparable sales down 4.7 percent. Commenting on the trading update, Tom Kingsbury, Kohl’s chief...

Business |Beauty

Lion Pose launches in Sephora and Mindy Kaling invests

Lion Pose, a 'science-led' beauty brand developed by Harvard-trained dermatologists, has raised 3 million US dollars from investors and celebrities, including actress and comedian Mindy Kaling, and officially launched in Sephora. The beauty brand is focused on raising the industry's standards of clinical testing and research for underrepresented...