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With luxury names like LVMH and Kering revving up their beauty businesses, pure play competitors need to safeguard their most prized possessions: their people.
The Business of Beauty
In-depth analysis, news and advice for beauty and wellness professionals around the world.
Highlights
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The State of Fashion: Beauty explores why outsized influence of today’s teens and twentysomethings over consumer industries mean beauty brands face a fast-changing challenge to adapt their businesses — from marketing to pricing strategies — to remain attractive to this hugely discerning cohort.
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Kering will acquire 100 percent of the luxury niche fragrance brand controlled by BlackRock Long Term Private Capital Europe and current Chairman Javier Ferrán in an all-cash transaction.
Case Studies & Reports
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Latest News & Analysis
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THE NEWS IN BRIEF
The New York-based parent of CoverGirl and Kylie Cosmetics made its debut on the Paris Stock Exchange today, offering 33 million common shares at €10.28 ($10.80).
Following its successful Super Bowl ad with the actress, the brand is expanding its partnership with the “White Lotus” star.
Coty has submitted an application for dual listing of its shares on the Paris Stock Exchange, the company said on Monday, as the CoverGirl cosmetics parent looks to tap into European investor interest.
The company has brought on BNP Paribas and Citigroup to work on the deal and is considering raising fresh capital from the listing, the report said.
The company, which is responsible for making fragrances for Burberry and Gucci, saw its sales grow 8 percent to 10 percent in the fiscal year that started in July.
Unilever Plc has hired investment banks Morgan Stanley and Evercore Inc to sell a basket of non-core beauty and personal care brands that include Q-Tips and Impulse, reviving an effort it abandoned two years ago, according to people familiar with the matter.
The capital will help the brand grow its executive team, expand its product assortment and reinforce its global presence.
THG Plc shares plunged as much as 20 percent after the UK e-commerce company reported a wider loss in the first half and lowered its sales forecast, held back by inflationary pressures and its beauty division.