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The chief executive officer of Estée Lauder Cos. defended his tenure at the helm of the beauty company and said
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The beauty giant announced layoffs and plans to regain profitability, measures to restore faith in investors and customers alike.
The move is part of a much-anticipated restructuring plan to bring the firm back to growth after six quarters of decline.
Estée Lauder Cos.’ chief financial officer defended the beauty company’s plans to turn around its business and cited “unprecedented volatility” as the company cut the outlook for the fourth time in the last 12 months.
Beauty brands must rethink upselling with smarter value plays, from curated bundles to jumbo sizes and subscriptions, to keep their customers from switching to the competition.
The beauty influencer is hoping her 20 million-strong following can cut through the category’s oversaturation with Only Sunshine, a tropical scent launched with indie brand Snif.
Ulta Beauty becomes the first US specialty beauty retailer to launch on TikTok Shop, making the case for partnership rather than competition with the platform’s beauty e-commerce business.
In Full Coverage, Priya Rao looks at the world’s buzziest luxury department stores in Paris.
The country’s textile sector has cut 16 percent of its workforce since 2023.
At the Nvidia GTC conference on Monday, the AI company announced it was partnering with Catches to launch RealFit, a new platform that uses physics to improve digital try-on technology.
Kering’s newly created jewellery division regroups Boucheron, Pomellato, Dodo and Qeelin brands as the company aims to pool resources. The conglomerate is also regrouping fashion brand reporting, shielding smaller labels from investor scrutiny.
Saks is moving towards exiting bankruptcy and tapped an additional $300 million of its Chapter 11 financing package.
