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.
L’Oréal, the world’s biggest cosmetics group, posted on Thursday higher-than-expected revenue growth for the fourth quarter, helped by a strong performance in China and by booming online sales during the coronavirus crisis.
The French owner of Maybelline said sales reached 7.88 billion euros ($9.56 billion) in the October to December period, flat from a year earlier on a reported basis but up 4.8 percent when stripping out currency effects and acquisitions.
By Sarah White
Shana Randhava, Priya Venkatesh, Heela Yang and Robin Tsai will join Imran Amed and Priya Rao to identify the entrepreneurs shaping the future of the beauty industry.
By selling existing formulas under their own name, retailers can tap into the lucrative beauty market without investing in custom formulations. But that doesn’t mean the private label model is an easy win.
The San Francisco-based company is hoping to tap growing consumer demand for financing for cosmetic treatments among other services.
Once thought of as long-term disruptors who would change the way we shop forever, multi-brand online retailers that sell cosmetics, skincare, fragrance and more are facing multiple headwinds.