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As companies plan for another turbulent year, they are emphasising value, taking bigger retail bets and remaining optimistic.
Beauty
Analysis and advice on the fast-evolving beauty business.
Highlights
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BoF is doubling down on our commitment to agenda-setting coverage of the global beauty and wellness space, with a new newsletter, more content and events, including our first invite-only Global Forum.
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The global market has slowed, but the beauty category remains of interest to financial backers. The Business of Beauty identifies the top targets of the year.
Case Studies & Reports
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Latest News & Analysis
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THE NEWS IN BRIEF
Estée Lauder Cos Inc on Thursday forecast a smaller fall in full-year sales than previously expected, on resilient demand for its skin care and fragrances and an expected recovery in major market China that recently eased its Covid curbs.
The beauty company today said its net sales grew by 49 percent in the third quarter, ended Dec. 31, 2022, to $146.5 million. Analysts were expecting sales of around $122 million.
A courtroom loss by Johnson & Johnson is threatening a legal manoeuvre developed by a handful of the most profitable companies in the world to fight lawsuits.
Ariana Grande has reached a deal to buy assets tied to her r.e.m. beauty brand from a company that recently filed for bankruptcy, according to a court filing.
Japanese beauty group Shiseido Co. is also studying a potential bid for an interest in Aesop, the people said, asking not to be identified discussing confidential information.
Swiss fragrance and flavour maker Givaudan on Wednesday posted a slowdown in end-year sales, putting further strain on margins in a year marked by high input costs and supply chain disruptions.
The total volume of goods sold fell 6 percent in the three months ended in December, worse than the 2.6 percent decline that analysts had estimated.
In its first venture-capital investment in the metaverse or web3 worlds, the beauty giant is backing a company that lets brands build their own virtual spaces.