ODDITY Reports Strong Quarterly Performance
ODDITY Tech Ltd. (NASDAQ: ODD) has announced its preliminary unaudited financial results for the third quarter ending September 30, 2023.
Shiseido Cuts Forecast Amid Sales Dip
Shiseido, a Japanese cosmetics company, has reduced its full-year profit forecast due to a drop in demand from Chinese consumers.
Kohl’s Announces Major Board Changes
Kohl’s is making significant changes to its Board of Directors. Peter Boneparth, the current Board Chair, will retire at the end of his term in May, with Michael Bender set to succeed him.
Shein Targets High IPO Valuation
Shein, the online fast fashion retailer, is aiming for a valuation of US$80 to US$90 billion for its potential U.S. initial public offering (IPO).
Asos Launches First Physical Pop-Up
Asos, the online fashion retailer, is set to open its first physical pop-up store in London. This innovative venture, named “Asos In Real Life,” will open from November 23 to 26, coinciding with the Black Friday shopping season.
The Body Shop and Cruelty Free International call for UK animal testing ban
The Body Shop and Cruelty Free International are reigniting their fight against animal testing and calling for an outright ban on animal testing in the UK after the government’s stealth reintroduction of the practice via legislation that aligned the UK rules with REACH post Brexit.
Yakult opens café and beauty salon in Japan’s Utsunomiya
Yakult’s Utsunomiya-based distributor has opened a café, beauty salon and gallery space in Japan’s Tochigi prefecture. It is said to be the first of its kind.
FDA grants cosmetics industry six-month grace period to comply with MoCRA
The US Food & Drugs Administration (FDA) has issued guidance on its intent to delay enforcement of the requirements for cosmetics product facility registration and cosmetic product listing contained in the Modernization of Cosmetics Regulation Act, 2022 (MoCRA) by six months.
Vivify Specialty Ingredients acquires Access Ingredients
Vivify Specialty Ingredients has announced that it has acquired Access Ingredients. Financial terms of the deal were not disclosed.
Olaplex Q3 2023: sales plummet 30 percent
Olaplex Holdings has announced its results for the third quarter of fiscal 2023. The hair care company saw sales plummet 30 percent to US$123.6 million and income nosedive from Q3 2022’s US$60.8 million to US$20.4 million.
Coty brands Q1 a ‘very strong start’ to FY24 as sales surge 18 percent
Coty has announced its results for the first quarter of its current financial year. In the three months to September 30, 2023, the US beauty behemoth saw sales surge 18 percent (LFL and reported), well ahead of expectations.
KaDeWe dodges cyber attack with help from Berlin police
KaDeWe has narrowly averted becoming the victim of a cyber attack, with help from the Cyber Crime Unit of the Berlin police. The department store had to switch to emergency operation mode briefly while the threat was neutralized.
Decree closes financing round led by Natalia Vodianova
Decree has announced the completion of a financing round led by Natalia Vodianova, Timon Afinsky and Harry Blain. Vodianova will also take a seat on the Board of the doctor-led skin care brand.
Kao releases policy on biodiversity
Kao has revised its Action Policies on Conservation of Biodiversity via its newly published Action Policy on Biodiversity. The J-beauty firm will continue to actively engage in biodiversity conservation and restoration as well as take actions that help nature regenerate.
What’s in a name? Luna Daily launches therapy hotline to help destigmatize the word ‘vulva’
Body care brand Luna Daily has launched a campaign created in partnership with Joan London, aimed at normalizing and destigmatising the word ‘vulva’.
Zegna signs licensing agreement with Give Back Beauty
Zegna has announced a long-term licensing agreement with Give Back Beauty covering the creation, production, marketing and distribution of fragrances and cosmetic products under the designer label.
Nykaa owner reports slowest quarterly revenue rise since lPO; up 22.4 percent
FSN E-commerce Ventures has reported its results for the three months to September 30, 2023. The owner of Nykaa saw revenue rise 22.4 percent year-on-year to ₹15.07 billion – its slowest growth since its November 2021 listing.
Will Waldencast be delisted over SEC reporting fail?
Waldencast has received a delisting notice from the Nasdaq Capital Market after it failed to comply with SEC reporting rules.
The Estee Lauder Companies and Nykaa announce winners of Beauty&You Awards
The Estee Lauder Companies and Nykaa have announced the winners of their 2023 Beauty&You Awards in India.
Carlyle puts US$1 billion price tag on Tokiwa
Carlyle is rumored to be seeking a buyer for Tokiwa and the Japanese cosmetics supplier could fetch up to US$1 billion.
Benko Ousted Amid Signa Struggles
René Benko has been dismissed from the helm of his real estate company, Signa, due to a financial shortfall impacting the firm’s extensive portfolio, which includes notable properties such as Selfridges and the Chrysler Building.
Cos Bar Replaces Shen in Brooklyn
Cos Bar has taken over the location previously held by Shen Beauty in Brooklyn, planning to open its doors during the holiday season.
Sephora, Reliance Forge India Beauty Alliance
Sephora has partnered with Reliance Beauty & Personal Care Limited, a subsidiary of Reliance Retail Ventures Limited, to enhance its prestige beauty retail in India, granting RRVL exclusive rights to expand Sephora’s presence in the country.
Neal Sample Joins WBA Executive
Neal Sample has taken on the role of Executive Vice President and Chief Information Officer at Walgreens Boots Alliance, starting immediately.
Puig Expands Headquarters, Eyes Sustainability
Puig has enlarged its Barcelona headquarters with a second tower, doubling its workspace.
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