The Japanese cosmetics manufacturer announced on Tuesday that its net profit rose 16% in the first quarter thanks to strong sales in Japan and China, progress which allowed the company to confirm its annual outlook.
De Montalivet will be responsible for the progress of the group's BareMinerals, Nars, Laura Mercier and Shiseido brands in the region and leading the company's direction to deliver the corporate global strategy.
FabFitFun has expanded into the UK following an $80 million funding round in January. The membership includes the FabFitFun Box, which delivers a selection of beauty and lifestyle products four times a year.
Boots has blamed intense competition and the highly promotional retail environment for a 18.3% decrease in UK profits to £317 million, as its parent company considers the possibility of store closures.
To support its growth strategy, cosmetics company Avon has announced that its new mobile app ‘Avon Go’ will be available to representatives in 17 markets worldwide following a successful trial in the UK.
Goran Petrovic is moving from Avon Canada to Avon Worldwide to drive the transformation plan in Eastern Europe and Russia. His relocation coincides with LG Household & Health Care’s acquisition of New Avon LLC.
In the fiscal year ended 31 March 2019, the cosmetics group – owner of L'Occitane en Provence and Melvita, among others – saw its revenues jump 8.7%, boosted by strong performances in the US, China, Brazil and Russia.
Beauty and personal care were a big part of Unilever's larger than expected Q1 sales rise and its acquisitions grew faster than other brands as their innovative business models and products scored globally.
The booking software for beauty salons and spas has raised $20 million in a Series B funding round led by investment firm Partech, Berlin-based Target Global, Dubai’s Beco Capital and NYC-based FJ Labs.