Many Britons are unadventurous when its comes to the beauty products they use, which means they return to the same item again and again, making investment in keeping those customers happy extremely important.
Following a surprise loss in Q1, the cosmetics brand announced strong year-over-year improvements in both sales and earnings for the second quarter on Wednesday, as the company’s restructuring efforts begin to pay off.
A new study predicts that the global K-beauty market will be worth $21.8 billion within the next six years, as increased interest in organic ingredients and innovative skincare drives consumers towards the growing trend.
In a surprise move, luxury department store Harrods has announced that it will open its first standalone store outside of London next spring with a specialist beauty unit at Intu’s Lakeside shopping centre in Essex.
Piper Jaffray has downgraded New York-based cosmetics company Estée Lauder from overweight to neutral, citing the changing beauty habits of teenagers, who are opting for more minimal makeup looks and one-stop products.
The New York-based cosmetics conglomerate announced on Monday that it is weighing up its options for its professional beauty division, as well as its operations in Brazil, evoking the possibility of a divesture.
Luxury lingerie brand La Perla has its sights set on the beauty industry. The brand, which is known for its high-end lingerie, nightwear and swimwear, has announced the launch of a new subsidiary, La Perla Beauty.
Newly-launched search engine Mira lets users compare beauty products, assess their ingredients, access customer reviews and click through to purchase what they want from a selection of retailers, with price comparisons.