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 American beauty retailer, known for offering a mix of prestige and mass-market brands, joined the initiative to urge stores to commit to increasing the budget they spend on Black-owned brands, founded by Aurora James in 2020. Competitor Sephora was one of the first major retailers to sign on in 2020. Other recent additions include J.Crew and MatchesFashion.
Shining light on the $12.3 billion SPF boom.
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.
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.