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.
Lancome maker L’Oréal on Thursday reported a stronger than expected 10.2 percent rise in comparable first-quarter sales from a year earlier, helped by strong growth in China.
The French group had begun to recover already from the worst of the COVID-19 pandemic’s hit to revenues, as retailers re-opened in much of Asia.
The pace of sales growth in the first three months of 2021 picked up further from the 4.8 percent rise notched up in the fourth quarter.
By Sarah White
Black founders carry a markedly higher burden when it comes to educating investors on the value and viability of their business ideas — but there is an art and science behind knowing when your brand is ready and what kind of investors will be the best fit.
Landing a retail partnership is often seen as a major milestone for beauty founders — but it brings a bevy of new challenges, from the logistical complexities to setting a marketing budget. Black entrepreneurs, who typically have far less capital to work with, often face tough choices.
The firm has been working on a listing since at least 2022, with previous attempts buffeted by volatile markets.
In a three-part series, The Business of Beauty explores how Black founders Monique Rodriguez, Danessa Myricks and more built, launched and scaled their multi-million-dollar businesses. In part one, a look at how these entrepreneurs found their niche and harnessed early lessons that were critical to their growth