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Best USA Business Magazine 2024
[ad_1] By Reuters API Published Feb 9, 2024 Cosmetics group L’Oreal reported a 6.9% rise in fourth quarter sales, slower growth than in the previous quarter, as its travel retail business continued to feel the pinch from changes in regulations of daigou resellers. L’Oreal The Paris-based group, which owns labels ranging from Lancome to Maybelline, […]
Read More[ad_1] On the occasion of the publication of its annual results, Kering lifted the veil on the strategy undertaken for its beauty division. Fragrances will be the first category to be developed, positioned in the very high-end segment, with the launch in the second half of 2024 of a first fragrance for Bottega Veneta, followed […]
Read More[ad_1] By Reuters API Published Feb 8, 2024 Coty beat Wall Street estimates for second-quarter revenue on Wednesday, powered by higher pricing and strong demand for its high-end Burberry and Gucci fragrances and fresh launches of cosmetics in the U.S. during the holiday season. DR The company’s newer products such as Burberry Goddess and CoverGirl […]
Read More[ad_1] By Bloomberg Published Feb 6, 2024 The CEO of Estée Lauder Cos. defended his tenure at the helm of the beauty company and said his turnaround plan is already on the way to recovering lost profitability and generating more buzz about its brands. “I’m not going anywhere,” CEO Fabrizio Freda said in an interview […]
Read More[ad_1] By Reuters Published Feb 6, 2024 India’s FSN E-Commerce Ventures, parent of online beauty products seller Nykaa, reported a nearly two-fold jump in quarterly profit on Tuesday on festive demand and said that its board approved the demerger of its business-to-business (B2B) segment. Indian beauty products retailer Nykaa nearly doubles Q3 profit on festive […]
Read More[ad_1] By Bloomberg Published Feb 5, 2024 Estée Lauder Cos. said it’s cutting as many as 3,000 positions as part of a restructuring plan to put one of the world’s largest beauty companies back on track. Facebook: Estée Lauder The shares jumped 15% in premarket trading at 8:08 a.m. in New York. The owner of […]
Read More[ad_1] Natural personal care brand Forest Essentials has relaunched its natural cosmetics line featuring 20 skincare ingredients. The makeup line features two new subcategories and 14 new product variants to tap into the growing demand for natural beauty goods in India. Makeup by Forest Essentials, based on Ayurvedic principles – Forest Essentials- Facebook “The lineup […]
Read More[ad_1] By Reuters API Published Feb 4, 2024 Top managers at Marcolin have started meeting potential suitors while they prepare the Italian eyewear manufacturer for a merger or a sale by renewing a series of key licensing accords, two sources close to the matter said. Tom Ford Marcolin, which has operations in Italy’s eyewear manufacturing […]
Read More[ad_1] Ermenegildo Zegna Group is ending the year on a high. The Italian group specialising in very high-end menswear, which is listed on the New York Stock Exchange, is forecasting sales growth of 27.6% in 2023 (+19.3% on an organic basis) to €1.9 billion, as announced on the publication of its preliminary annual results. Its […]
Read More[ad_1] Estée Lauder-owned M.A.C Cosmetics has promoted Aïda Moudachirou-Rebois to the role of general manager. She will succeed Philippe Pinatel, the cosmetic brand’s global brand president. Aïda Moudachirou-Rébois – LinkedIn As part of her promotion, Moudachirou-Rebois will also join the company’s executive leadership team. Moudachirou-Rebois has 20 years of experience in the beauty industry and has […]
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