Puig Sales Rose 19% to €4.3 billion in 2023
The Spanish conglomerate is on track to hit its goal of €4.5 billion in annual sales by 2025 ahead of schedule.
In June, BoF will honour the entrepreneurs shaping the future of the beauty industry at The Business of Beauty Global Forum 2024. Apply for your chance to join us.
News of a potential exit has the beauty industry in shock and awe of the Selena Gomez-founded label, and wondering what its next move should be.
The colour cosmetics line is one of the most successful to come out of the celebrity beauty boom. An exit would likely touch off a bidding war, The Business of Beauty has learned.
News of the luxury house expanding into cosmetics had fashion and beauty lovers buzzing about the latest extension of Hedi Slimane’s expanding universe.
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The designer is making a foray into cosmetics at the LVMH-owned megabrand-in-making. Celine’s Rouge Triomphe lipstick will debut in the autumn, with a full range of 15 satin-finished colours slated for January 2025.
The partners created the skin care line Selfless by Hyram as a joint venture soon after the influencer’s rise to TikTok fame during the pandemic. But the label faced growing pains, due to high price points and questions of authenticity.
A familiar cast of celebrities became beauty spokespeople this week, but how many brands are too many for a gorgeous woman to promote?
The beauty label has fallen under administration with plans to cut staff and stores. How did the ultimate purveyor of uber-perfumed creams and fragrances and purpose-driven brand messages, which seem so relevant now, fall so far?
The beauty label has fallen under administration with plans to cut staff and stores. How did the ultimate purveyor of uber-perfumed creams and fragrances and purpose-driven brand messages, which seem so relevant now, fall so far?
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Speed, innovation, hero brands and young shoppers prove to be top levers in this week earnings.
The label is resuming operations and will be available for sale again on Thursday.
The beauty giant announced layoffs and plans to regain profitability, measures to restore faith in investors and customers alike.
As categories like body care, complexion and sunscreen take off industry wide, it’s unclear if beauty brands or retailers are steering the ship.
The Spanish conglomerate is on track to hit its goal of €4.5 billion in annual sales by 2025 ahead of schedule.
The bid came in a filing tied to bankruptcy proceedings for Amyris, which closed the brand in August.
Employees at The Estée Lauder Companies offices around the world remain locked out of their email and other key functions after a third party gained access to some of the beauty conglomerate’s IT systems, according to people familiar with the situation.
The beauty company reported on Friday that full-year sales grew by 5.7 percent for the fiscal year ended Dec. 31, to approximately 1.07 trillion yen, or $8.1 billion.