Lululemon Sees Annual Revenue, Profit Below Estimates Amid Board, Demand Challenges
CEO Calvin McDonald stepped down in December following months of share price weakness and lack of design freshness.
cosmetics
Beauty
L'Oréal Hoards Cosmetics in Britain as Brexit Looms
While the company stated that a no-deal Brexit would not have a major impact on sales, it is bulking up stocks in the United Kingdom, where it no longer has a manufacturing base.
L'Oréal Hoards Cosmetics in Britain as Brexit Looms
While the company stated that a no-deal Brexit would not have a major impact on sales, it is bulking up stocks in the United Kingdom, where it no longer has a manufacturing base.
Beauty
Report: Private Equity Firms Circling Nestlé Skin Health Business
The company's Skin Health division, which includes Cetaphil and Proactiv products, accounted for about 3 percent of total sales last year.
Report: Private Equity Firms Circling Nestlé Skin Health Business
The company's Skin Health division, which includes Cetaphil and Proactiv products, accounted for about 3 percent of total sales last year.
Sustainability
EU Proposes Ban on Deliberately Added Micro-Plastics to Combat Pollution
The tiny bits of plastic end up in waterways and oceans, giving rise to increasing concern about their effect on marine ecosystems.
EU Proposes Ban on Deliberately Added Micro-Plastics to Combat Pollution
The tiny bits of plastic end up in waterways and oceans, giving rise to increasing concern about their effect on marine ecosystems.
Beauty
This K-Beauty Brand Is Bigger Than Chanel. But It’s In Trouble.
Amorepacific rode the K-beauty wave to become one of Asia’s most powerful cosmetics empires, surpassing beauty sales of Chanel and LVMH. But as it grapples with a patent battle and a turbulent China market, some wonder whether its heyday might be over.
This K-Beauty Brand Is Bigger Than Chanel. But It’s In Trouble.
Amorepacific rode the K-beauty wave to become one of Asia’s most powerful cosmetics empires, surpassing beauty sales of Chanel and LVMH. But as it grapples with a patent battle and a turbulent China market, some wonder whether its heyday might be over.
Beauty
Bringing Home the Botox: How Injectables Became the Next Frontier in On-Demand Beauty
As Botox, lip fillers and other cosmetic procedures hit the mainstream, start-ups and entrepreneurial doctors are offering in-home services and opening salons that portray injecting wrinkle-smoothing neurotoxins as no different than a blowout or manicure.
Bringing Home the Botox: How Injectables Became the Next Frontier in On-Demand Beauty
As Botox, lip fillers and other cosmetic procedures hit the mainstream, start-ups and entrepreneurial doctors are offering in-home services and opening salons that portray injecting wrinkle-smoothing neurotoxins as no different than a blowout or manicure.
Beauty
Why International Beauty Brands Are Piling into South Korea
Global players from Givenchy Beauty to Sephora are targeting the growing opportunity in South Korea, but a phalanx of homegrown brands stands in their way.
Why International Beauty Brands Are Piling into South Korea
Global players from Givenchy Beauty to Sephora are targeting the growing opportunity in South Korea, but a phalanx of homegrown brands stands in their way.
Beauty
What’s Behind the Lip Gloss Boom? The 90s Nostalgia, Wellness and Tinder.
High-shine lacquered lips are back on the beauty radar. But like its consumers, lip gloss has grown up and brands have made modifications to improve their formulas.
What’s Behind the Lip Gloss Boom? The 90s Nostalgia, Wellness and Tinder.
High-shine lacquered lips are back on the beauty radar. But like its consumers, lip gloss has grown up and brands have made modifications to improve their formulas.
Beauty
Glossier President and CFO to Depart Company
BoF exclusively reports that Henry Davis is exiting the direct-to-consumer beauty brand after almost five years to pursue his own entrepreneurial opportunities.
Glossier President and CFO to Depart Company
BoF exclusively reports that Henry Davis is exiting the direct-to-consumer beauty brand after almost five years to pursue his own entrepreneurial opportunities.
News & Analysis
Nestlé Stake in L'Oréal 'Active on the Board's Agenda'
The food and drinks company is facing pressure to sell its stake in the cosmetics firm.
Nestlé Stake in L'Oréal 'Active on the Board's Agenda'
The food and drinks company is facing pressure to sell its stake in the cosmetics firm.
Beauty
Kylie Jenner Gives Ulta Beauty Some Gloss
This week, everyone will be talking about Ulta Beauty's first financial results since partnering with Kylie Jenner and Kim Kardashian, Versace and Chanel's pre-fall shows in New York and Victoria's Secret's controversial television special. Read our BoF Professional Cheat Sheet.
Kylie Jenner Gives Ulta Beauty Some Gloss
This week, everyone will be talking about Ulta Beauty's first financial results since partnering with Kylie Jenner and Kim Kardashian, Versace and Chanel's pre-fall shows in New York and Victoria's Secret's controversial television special. Read our BoF Professional Cheat Sheet.
News & Analysis
Unilever Names Personal Care Chief to Succeed Polman as CEO
Jope sought to increase Unilever’s profitability by acquiring high-end skincare brands at a time when activist investors and companies pushing the industry to widen profit margins.
Unilever Names Personal Care Chief to Succeed Polman as CEO
Jope sought to increase Unilever’s profitability by acquiring high-end skincare brands at a time when activist investors and companies pushing the industry to widen profit margins.
News & Analysis
Report: Unilever Emerges as Leading Bidder for GSK's Indian Horlicks Business
The acquisition would strengthen Unilever's position in India, an emerging market attractive to companies trying to offset weak growth in the West.
Report: Unilever Emerges as Leading Bidder for GSK's Indian Horlicks Business
The acquisition would strengthen Unilever's position in India, an emerging market attractive to companies trying to offset weak growth in the West.
The News in Brief
Puig Announces New CEO
Jose Manuel Albesa will succeed Marc Puig, becoming the first non-family member to lead the Spanish conglomerate in more than 20 years.
Spandex Maker Lycra Files for Bankruptcy After Years of Stress
The company has been hampered with disruptions to supply chains, elevated inflation, growing competition from low-cost manufacturers and trade tariffs.
US SEC Preparing to Eliminate Quarterly Reporting Requirement, WSJ Says
The proposal would give companies the option to share results twice a year.
Kering Unveils New Jewellery Unit, Merges Fashion Brand Reporting
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.
Bondholders Approve Saks Global’s Five-Year Business Plan
Saks is moving towards exiting bankruptcy and tapped an additional $300 million of its Chapter 11 financing package.
Luxury Stocks Face Most Bearish Sentiment in Years, UBS Says
War in the Middle East, the luxury industry’s fastest-growing market, threatens to delay a long-expected rebound in demand.
Trump Signs Order to Combat Fraudulent ‘Made in America’ Labels, White House Says
The executive order directs the FTC chairman to prioritise enforcement of existing laws against sellers and manufacturers who falsely claim products are made in America.