Maybelline maker L’Oreal said on Thursday China’s coronavirus health crisis would have a short-term hit on its sales in the country and across Asian airports, after a period of booming business in the region.
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 cosmetics group has announced that Sejal Shah Miller has joined the company as senior vice president and global general manager of Smashbox, while Arnaud Goullin has been appointed to the same role at GlamGlow.
Clothing chain Next Plc has bought premium beauty and wellbeing retailer Fabled by fashion and beauty magazine Marie Claire from Ocado Group for a small upfront payment, the online grocer said on Wednesday.
L'Oreal's virtual reality business ModiFace will provide make-up testing technology to Amazon, the French beauty group said on Tuesday, allowing users to try on lipsticks using mobile phone videos or photos.