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.
The internationally renown makeup artist, whose brand Pat McGrath Labs was valued at $1 billion in 2018, was named a D.B.E. — Dame of the British Empire for Services to the Fashion and Beauty Industry and Diversity — by Queen Elizabeth II. The royal released her 2021 honours list just before the new year.
In an Instagram statement, McGrath said she was “beyond humbled” to receive the recognition, thanking her mother, friends, family, colleagues and friends. “I dedicate this honour in tribute to Makeup Artists everywhere,” she wrote. “I adore each and every one of you. Never give up on your dreams - with hard work, creativity and perseverance anything is possible.”
L'Oréal reported a 9.4 percent rise in first quarter sales on a like-for-like basis on Thursday, beating expectations and easing concerns about a slowdown in the two biggest beauty markets; the United States and China.
The founder, who was ousted and recently came back to the line as CEO, will regain control of the company.
Puig and its founding family plan to sell Class B shares at €22 to €24.50 each, the Barcelona-based company said Thursday in a filing with the Spanish securities regulator.
Beauty labels hope to court the concert set for both brand awareness and trendsetting opportunities.