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Beauty and the inflation beast: 'lipstick effect' to shield Estée Lauder, Coty
Americans are turning to beauty products to beat inflation blues in a trend called "the lipstick effect" that could keep beauty's post-pandemic rebound alive and help quarterly sales for Estée Lauder and Coty.
Beauty
Boohoo makes "strategic investment" in Revolution Beauty
Boohoo has been moving into beauty of late through its own retail brands and through buys such as Debenhams. But its latest move is a bit different. It’s made what it calls a “strategic investment” in a key pureplay.
Beauty
Eurozone retail sales drop more than expected in June as prices rise
Euro zone retail sales plunged more than expected in June as prices at factory gates continued to rise, data showed Wednesday, signalling a weakness in consumer demand that could herald a recession in H2.
Fashion
Revlon gets court approval for $1.4 billion bankruptcy loan
Revlon received a US bankruptcy judge's permission Monday to proceed with a $1.4bn loan, over an objection by some creditors who argued its terms could block their chance to recover anything from the firm's bankruptcy.
Beauty
L'Occitane reports a 15.8% increase in sales in the first quarter
During the first quarter of its fiscal year that closed on June 30, the L'Occitane group recorded sales of €416 million, up 15.8% at constant exchange rates.
Beauty
Unilever's first half is strong for prestige beauty
Unilever’s first-half report on Tuesday showed rising sales, with inflation a big factor in that as the company was largely able to pass on price rises to consumers.
Beauty
Pitti Fragranze back in Florence with 140 exhibitors, special guest Alessandro Gualtieri
The 20th edition of Pitti Fragranze, the trade show of the creative perfumery sector, entitled ‘The 5 Senses Issue’ and featuring 140 international exhibitors, will be held in Florence on September 16-18.
Beauty
K11 unveils plans for new Shenzhen retail precinct
K11 Group this month announced plans for a new harbourfront complex in China's Shenzhen, as the New World Group-owned brand and retail developer continues to expand across mainland China.
Fashion
Liberty launches beauty newspaper The Hall
Content may be shifting online at an ever faster pace but London department store Liberty is going old-school and has launched a new bi-annual beauty newspaper called The Hall.
Beauty
Ted’s Grooming Room to debut on Fulham Road
London landlord Sloane Stanley is continuing to attract interesting businesses to its estate that takes in large parts of Chelsea and the latest is Ted’s Grooming Room.
Beauty
Cosmoprof North America completes successful 19th edition, reveals next dates
B2B beauty exhibition Cosmoprof North America announced on Monday that it will celebrate its 20th edition at the Las Vegas Convention Center on July 11-13, 2023.
Beauty
Richemont booms in Q1 but China restrictions dent sales there
Richemont said on Friday that the latest quarter saw strength in Europe, Japan, the US and Middle East. But Asia Pacific was hit by Covid issues in China. It was similar to Burberry, which reported on the same day.
Luxury
L’Occitane group's sales jump by over 15% in fiscal 2021-22
Cosmetics group L’Occitane, owner among others of L’Occitane en Provence, Melvita and Sol de Janeiro, recorded a 15.8% sales growth to reach €1.78 billion in the last fiscal year.
Beauty
Superdrug unveils "market first" TikTok campaign
British beauty and health retailer Superdrug has launched a new campaign and said it’s the first beauty retailer to host an in-store and on-platform talent show with a live final on TikTok UK.
Beauty
Estée Lauder adds Nike China head to board
Estée Lauder Companies Inc. announced on Monday the appointment of Angela Wei Dong to its board of directors and the company’s audit committee, effective July 11.
Beauty
EU Intellectual Property Office: 'Counterfeiting is not a victimless crime'
The latest report from the European Union Intellectual Property Office shows a worrying increase in the number of intentional purchases of counterfeit products over the past three years.
Luxury