The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
OHIO, United States — Procter & Gamble Co beat Wall Street estimates for quarterly revenue on Tuesday, powered by demand for its premium beauty brands such as SK-II and Olay, as well as healthcare products.
Net income attributable to the company rose to $3.59 billion, or $1.36 per share, in the first quarter ended 30 September, from $3.20 billion, or $1.22 per share, a year earlier.
Net sales climbed 6.6 percent to $17.80 billion, beating analysts' average estimates of $17.42 billion, according to IBES data from Refinitiv.
By Soundarya J; editor: Bernard Orr
Former Estée Lauder executive Raffaella Cornaggia has been named CEO of the unit, which will develop beauty for the French group’s brands, including Bottega Veneta, Balenciaga and Alexander McQueen.
The LVMH-owned beauty retailer asked a federal judge to dismiss a lawsuit alleging its “Clean at Sephora” designation is false advertising.
Overtly sexual marketing has long been a selling point in beauty, but the makeup artist is pushing boundaries with a new collection of lip colours in anatomically correct tubes.
The publisher will bring its youth-centric POV to the beauty space with a dedicated section, launching Feb. 2.