Beauty
The latest news
Freemans reports buoyant Christmas, Julien Macdonald collab is "standout" success
Freemans said on Friday that it had “a cracker of a Christmas” with sales in the eight weeks to the end of the year up as much as 23%. Its customer numbers also topped a million, which was up 65% from two years ago.
Fashion
Kering names Raffaella Cornaggia managing director of Kering Beauty
Kering said on Friday it was entering the cosmetics business, with the announcement that it has recruited seasoned Estee Lauder executive Raffaella Cornaggia to head the push into the new segment.
Luxury
UK retail footfall recovery continues as office workers boost high streets on weekdays
Footfall to UK retail destinations was up 12.5% in January, according to the latest BRC-Sensormatic IQ data. But while it rose, it was 2.6 percentage points down on December.
Fashion
Estée Lauder fears bigger drop in profit on uncertain China recovery
Estee Lauder Cos Inc forecast a bigger drop in full-year profit than it had initially estimated, citing uncertainty around recovery in major market China.
Beauty
Big change at John Lewis sees customer director stepping down
There are big changes happening in John Lewis Partnership’s customer service capability, with the UK retail giant announcing new investment in its brands, data and technology “to give even more value to customers”.
Fashion
H&M to close four regional UK stores
Global fashion giant H&M is planning to shutter four of its regional UK stores, citing a “rapid change” in customer behaviour. Stores in Hartlepool, Maidenhead, Newport on the Isle of Wight and Burton are set to close.
Fashion
Very expands Everyday own brand with 900 more products
How successful has The Very Group’s Everyday range been? Enough to expand the collection with more than 900 new fashion and home products “following strong customer demand since it launched in summer 2022”.
Fashion
Marco Marchi named president of Coin SpA
The founder of Liu Jo has been named president of Italian department store group Coin SpA. A former board member, Marchi succeeds Giorgio Rossi, who will stay on as a board member.
Beauty
Ariana Grande buying back her cosmetics brand R.e.m. Beauty for $15 million
American singer Ariana Grande will acquire the assets of her R.e.m. Beauty brand from Forma Brands, her licensee, which has filed for Chapter 11 bankruptcy protection under US law.
Beauty
E.L.F. says quarterly sales growth continues with 49% uptick, lifts annual guidance
E.L.F. Beauty announced on Wednesday revenues for the third quarter lifted 49% to $146.5 million, driven by strength in both its retailer and e-commerce channels.
Beauty
Matalan chair is out as leadership shake-up begins
A new broom is expected to sweep in at Matalan following the acquisition of the fashion and lifestyle retailer last month, with interim chairman Tim Isaacs the first casualty.
Fashion
Landlord Shaftesbury links with Good On You for West End sustainability drive
Central London commercial property landlord Shaftesbury is to partner with Good On You, fashion’s source for brand sustainability ratings.
Fashion
UK's competition body investigates Richemont-Farfetch deal for YNAP
The UK’s Competition and Markets Authority (CMA) is looking into Farfetch’s purchase of a stake in Yoox Net-A-Porter, owned by Swiss luxury goods group Richemont, claiming it might reduce competition in the UK market.
Fashion
L’Occitane buoyant thanks to Sol de Janeiro’s performance
In the first nine months of fiscal 2022-23, cosmetics group L’Occitane recorded a 10.6% rise in sales, a performance largely due to the Sol de Janeiro brand, acquired in November 2021.
Beauty
Perfumes y Diseño beats sales records for the second year in a row, grows by 42% in 2022
The company, which specialises in perfumery and cosmetics, recorded a turnover of 92 million euros in the last financial year, driven by well-known perfume brands within its portfolio, such as Tous and Halloween.
Beauty
THG partners And Digital to scale and accelerate Ingenuity offer
THG Ingenuity has inked a strategic alliance with And Digital, the software engineering firm, “to accelerate digital transformation, help brands bridge the digital skills gap and unlock the potential of commerce tech”.
Fashion