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Section: Brands & Products > News
Coty witnessed growth in prestige and consumer beauty, as well as an uptick in China's prestige sector in its latest quarter.
Coty Q3, 9-month 2024 Growth is Robust, Pointing to Strong Fiscal 2024
Prestige net revenues in Q3 increased 8% on a reported basis and 13% on an LFL basis, per Coty, driven by fragrances, cosmetics and skin care, though slightly offset by the divestiture of the Lacoste license and foreign exchange impacts.
May 6th, 2024
Dose & Co was founded in 2019 by Libby Matthews and has since sold 4 million tubs at more than 5,000 distribution points.
Vector Consumer Seeks to Lead in Collagen Following Dose & Co Acquisition
Dose & Co was founded in 2019 by Libby Matthews and has since sold 4 million tubs at more than 5,000 distribution points.
May 2nd, 2024
During Q1, the professional channel, the brand's largest market, decreased 19.9%, the specialty retail sector declined 1.2%, and direct-to-consumer declined 15.7%.
Olaplex Q1 2024 Sales Decline
During the period, net sales increased 2.5% in the United States and decreased 24.3% internationally.
May 2nd, 2024
“I am very excited to welcome Molly to Maesa,' said Piyush Jain, Maesa's CEO. 'Her experience in building purpose-driven brands will be instrumental in elevating our brands’ position within the industry and achieving further success with our consumers and retail partners alike.'
Molly Kennedy Named Marketing Lead for Kristin Ess Hair, Koze Place and Other Maesa Brands
Kennedy previously spent 13 years at Unilever working with Dove Men+Care and Vaseline.
May 1st, 2024
Silvia Galfo was previously the first chief growth officer for the luxe division in the United States.
L’Oréal US Names Silvia Galfo President of L’Oréal Luxe Division
Galfo succeeds Megan Grant who was appointed to the role in May 2019.
May 1st, 2024
“With our third quarter results and fourth quarter outlook, we are confident that the second half of fiscal 2024 will prove to be an inflection point for our company performance,' said Fabrizio Freda, president and CEO.
The Estée Lauder Companies' Fiscal Q3 2024 Results Are an 'Inflection Point'
Mainland China, a challenge amid lingering economic and COVID-19 challenges, grew net sales in the latest quarter, though the prestige sector remains soft, per the company.
May 1st, 2024
Sabinsa Bakuchiol Launch Nyscc Suppliers Day 2024 Adobe Stock 305100159
Sabinsa Debuts Babchiol Retinol Alternative, Highlights Naturals and Nutricosmetics at NYSCC
Babchiol (INCI: Bakuchiol), extracted from Psoralea corylifolia, is presented as a retinol alternative that offers the same anti-aging benefits as retinoids but gentler, and without the risk of adverse effects.
Apr 29th, 2024
According to L'Occitane, 'The offer is particularly compelling in light of the prolonged low trading liquidity of the company’s shares, which makes it challenging for minority shareholders and vested option holders to sell a substantial amount of shares without adversely affecting the share price.'
L’Occitane International S.A. Receives Offer to Take Company Private
L'Occitane has established an independent board to review the offer, per the company.
Apr 29th, 2024
The health and well-being sector was boosted by brands like Nutrafol and Olly, while prestige beauty benefited from strength at Tatcha, Hourglass and Living Proof.
Beauty & Well-being Drive Unilever Q1 2024 Results
Top performers included hair care, particularly the Dove brand, Sunsilk and TRESemmé.
Apr 26th, 2024
Kylie Jenner, founder of Kylie Cosmetics, said, 'I am so excited to launch Kylie Cosmetics in India—I created Kylie Cosmetics to give my fans access to the makeup products that I use and love, and I can't wait to share my collection with all my fans in India.'
Kylie Cosmetics Expands into India
The brand is available exclusively in 25 Sephora India stores nationwide and online on www.sephora.in.
Apr 26th, 2024
'Kiko's unrivaled scale, first-to-market advantage, and ability to provide unmatched product offerings at accessible prices uniquely positions the company for global success,' said Arabella Caporello, a partner in L Catterton's Europe fund. 'We have significant experience scaling leading brands in Europe, and we look forward to working alongside CEO Simone Dominici and his team to capture the Company's incredible potential.'
L Catterton Takes Majority Stake in Kiko Milano, Eyes US Expansion
The 27-year-old brand retails in 1,100 stores in 66 countries and, in 2023, recorded net revenue of about 800 million euros, representing almost 20% year-over-year growth.
Apr 26th, 2024
In its latest trading statement, the company noted that St. Tropez's performance has been 'very strong' in the latest financial period.
St. Tropez is for Sale
In its latest trading statement, the company noted that St. Tropez's performance has been "very strong" in the latest financial period.
Apr 25th, 2024
Playground was founded by Christina Aguilera (pictured) and CEO Catherine Magee and reportedly grew more than 700% in 2023.
Playground Brings Clean Sexual Wellness to Target & Secures New Funding
Playground was founded by Christina Aguilera and CEO Catherine Magee and reportedly grew more than 700% in 2023.
Apr 24th, 2024
India Map Pin Globe Adobe Stock 80007481
Symrise/Virchow Joint Venture, Vizag Care Ingredients, Extends Symrise into India
Symrise has teamed up with Virchow Group to manufacture personal care ingredients from its portfolio under the joint venture Vizag Care Ingredients. This is Symrise's first manufacturing site outside of Europe and the Americas.
Apr 22nd, 2024
BioCorneum has now been folded into Nuance Medical's Biodermis portfolio of silicone scar management products.
Nuance Medical's BioCorneum Acquisition Boosts Non-invasive Scar Treatment Capabilities
"Bringing BioCorneum into the Biodermis family marks a significant step in our journey to lead with innovative and impactful treatments in scar management," said Mark Steele, president of Nuance Medical.
Apr 22nd, 2024
'Mented is a very strong addition to the West Lane platform of beauty and wellness businesses, and we are excited to work with [co-founder] KJ [Miller] and the team to continue providing high quality products to Mented's loyal customer base,' said Michael Wentz, a vice president at West Lane.
Mented Acquired by West Lane
"Joining the West Lane portfolio is the right strategic move for Mented and will provide numerous growth opportunities for the brand."
Apr 22nd, 2024
'A new Beautycounter is on its way!' founder and CEO Gregg Renfrew recently posted on the brand's home page.
Beautycounter is Dead; Long Live Beautycounter
"I'm energized to build on our history of disrupting to create a movement for change and a higher industry standard."
Apr 22nd, 2024
Consumer products experienced an 11.1% like-for-like increase in sales, totaling 4,172.8 million euros, while professional product sales jumped 10.7% like-for-like to 1,243.3 million.
L'Oreal Boosts Sales Across Divisions for Q1 2024
Dermatological beauty sales spiked nearly 22% like-for-like to 2,015.9 million euros, while luxe results grew more modestly at 1.8% like-for-like to 3,813.0 million euros.
Apr 22nd, 2024
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