The latest news
Puig annual revenues up 40% in 2022 to €3.6 billion
Annual revenues at Puig, the diversified Spanish fragrance, beauty and fashion group grew by a whopping 40% in 2022 to €3.620 billion, as the company accelerated out of the pandemic.
eBay promotes Williams to top UK role
Digital marketplace eBay has promoted its UK chief marketing officer Eve Williams to become vice-president and general manager of eBay UK. She replaces Murray Lambell, who held the post since 2020.
True Botanicals secures Series B funding from NextWorld Evergreen
Clean skincare brand True Botanicals announced on Wednesday the closing of a Series B investment from San Francisco-based growth equity firm NextWorld Evergreen.
Micro-influencers and K-Pop stars are key to beauty brands - report
The strong appeal of K-Pop stars and the authenticity of micro-influencers were vital to the marketing efforts of beauty brands in the second half of 2022, a new report from Launchmetrics has shown.
Sylvie Moreau on Sephora's UK opening and its ambitions for the new market
Following the opening of the new London Sephora store, the first in the UK, on March 8, FashionNetwork.com spoke to Sylvie Moreau, president Europe and Middle East of the LVMH perfume chain.
UK inflation rises as womenswear prices jump
UK inflation has risen again, a sign that we’re not out of the woods yet and consumer activity is still being hurt by surging prices with fashion prices rising faster than they've done in over a decade.
L'Oréal invests in green chemistry with Unilever and Kao
To develop new sustainable ingredients derived from living organisms, L'Oréal is investing in a joint venture between US biotechnology specialist Genomatica (Geno), Unilever, and Kao.
Acqua di Parma appoints Giulio Bergamaschi as CEO
The Italian perfumer of the LVMH group has appointed Giulio Bergamaschi, who has almost twenty years of experience in the beauty industry as its new CEO. He succeeds Laura Burdese.
Glossier appoints new creative director amid C-suite shake up
Glossier is shaking up its all-women executive team with several key appointments, starting with the promotion of Marie Suter as chief creative director.
Reactive pricing platform BlackCurve gets funding injection
Pricing website BlackCurve has secured an additional £750,000 in new funding, bringing its total raised to £3.7 million, to fund expansion into core online markets.
Frasers Group completes Luton's The Mall buy, is confident for physical retail
Frasers Group’s well-documented commitment to physical retail has taken a big step forward with the company buying a shopping centre – The Mall in Luton -- for £58 million.
M&S is doubling down on brands strategy, sees £1bn potential
M&S is reportedly ready to dive even deeper into selling external fashion brands alongside its own label in a move that would take it even closer to a traditional department store model.
Backlash starts over John Lewis potentially changing staff ownership structure
John Lewis Partnership (JLP) has moved fast with reassurances that any outside investor s brought in won’t mean the end of the firm’s employee ownership model as criticism of what’s not even a definite plan has begun.
Analysis: as John Lewis mulls ownership tweak, why is it lagging rival M&S?
Not so many years ago, John Lewis was unstoppable while M&S was in an endless turnaround phase. Today, the situation has reversed and John Lewis is even reportedly thinking of changing its prized ownership structure.
Revlon to emerge from bankruptcy in April, 2022 earnings take a dive
U.S. cosmetics giant Revlon Inc. revealed net sales for the year ended December 31 dropped 4.7% to $2.98 billion, as the bankrupt company swung to even wider losses in 2022.
Sway, Zerocircle, Notpla win Tom Ford Plastic Innovation Prize
The Tom Ford Plastic Innovation Prize winners were announced earlier this month at the Green Carpet Fashion Awards (GCFA).