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Section: Brands & Products > News

China and travel retail have challenged Shiseido's 9-month results.

Shiseido Reports Mixed 9-month 2023 Results

Key decliners included travel retail and the Chinese beauty market, the latter of which experienced reduced spending in part related to controversies related to Japan's release of radioactive water from the Fukushima nuclear plant.

The consumer brands business unit reached sales of 2.695 million euros in the third quarter.

Henkel Raises Fiscal Year 2023 Outlook After Third Quarter Growth

Organic sales growth in fiscal 2023 is now expected to be in the range of 3.5-4.5% (previously 2.5-4.5%).

The equity raise will fuel various growth initiatives including an increased marketing spend, retail expansion, clinical trials and new product launches.

Sahajan Receives Funding to Drive North American Growth

This is the brand's first round of equity funding.

Net revenue for fiscal year 2023 is projected to be between $493 million and $497 million, above the company's prior expectation of $475-480 million.

Oddity Boosts Sales Forecast Following Q3, 9-Month 2023 Results

Net revenue in Q3 was $94 million, compared to $69 million in the previous year.

Reported operating income was $197.5 million, a 15% increase compared to the previous year.

Coty Q1 2024 Sales Boost Full-year Guidance

Gross profit was $1,041.9 million, compared to $888.7 million in the previous year.

As the company rolls out its Series A offering it has joined Ohana & Co.'s incubation platform.

Element Eight Receives $6M Funding, Announces Leadership Appointments

The company will proceed on to a new $6.25 million Series A Round to continue to accelerate the growth of potent skin care products.

Olaplex has updated its fiscal year 2023 guidance with net sales between $450-460 million.

Olaplex Q3, 9-Month 2023 Sales Decline

Net sales in Q3 were $123.6 million, a decline of 30% compared to the previous year.

In 2022, Waldencast became a publicly listed company.

Milk Makeup Owner Waldencast Could Be Delisted From Nasdaq

A notice from Nasdaq was due to noncompliance of timely filing of periodic reports with the Securities and Exchange Commission.

Carl Thornfeldt, M.D., CEO of Episciences, Inc. and his senior leadership team visited the new facility on October 11, 2023.

[interview]: Epionce Opens Distribution Center in Texas, Expands North American Presence

The strategic decision to open a new facility in the Houston metro area will more than double the current processing capacity and expedite faster shipping to customers.

San Francisco 49ers running back Christian McCaffrey, Baltimore Ravens wide receiver Zay Flowers and The Ohio State University's star wide receiver, Marvin Harrison Jr. are among those joining team Bath & Body Works to promote their favorite products.

Bath & Body Works Taking The Men's Shop on Tour to Reach New Customers

The tour will showcase Bath & Body Works' men's fragrance and grooming products with an immersive pop-up experience that will allow customers to experience the wide array of offerings.

The concerns are significant given the prevalence of music on TikTok in particular, as well as the platform's immense popularity with Gen Z and millennials.

80% of Beauty Brands Could Be Violating Music Copyright on TikTok & Instagram

The concerns are significant given the prevalence of music on TikTok in particular, as well as the platform's immense popularity with Gen Z and millennials.

For the six months ended September 30, 2023, net sales also increased 76% year-over-year to $431.8 million, primarily driven by strength in both retailer and e-commerce channels. Net income was $86.2 million on a GAAP basis; adjusted net income was $110.0 million.

e.l.f. Beauty Results Drive Up 2024 Full-year Forecast

The news comes following the company's closing of the acquisition of Naturium, which is expected to contribute approximately $48 million in net sales for the fiscal year.

Inspired Beauty Brands owns and operates Hask.

LO3 Capital Invests in Inspired Beauty Brands

IBB's owned and operated brands include Hask, Gray Away and HnP.

Organic net sales in fragrance and makeup grew 5% and 1%, respectively, while skin care declined 21%. Hair care results dropped 7%, led by declines in North America.

US, Europe, Makeup & Fragrance Offset Challenging Q1 2024 for The Estée Lauder Companies

"[W]e are lowering our fiscal 2024 outlook given incremental external headwinds, namely from the slower growth in overall prestige beauty in Asia travel retail and in mainland China..."

COSRX has reportedly shown an average annual sales growth rate of more than 60% in the past three years, totaling 204.4 billion won in 2022.

Amorepacific Acquires COSRX

Seunghwan Kim, CEO of Amorepacific Corporation, said, "We are thrilled that COSRX, which has shown rapid growth through differentiated products and marketing based on an exceptional understanding of digital channels, has become a part of our group."

The 2023-4 edition of the program will take place at the global headquarters of The Estée Lauder Companies in New York City.

The Estée Lauder Companies Renews Partnership With Gaby Natale

The collaboration continues for the Leading with High Touch sponsorship program, which is a leadership development program designed to elevate, develop, retain, and attract senior-level Hispanic/Latinx talent.

Gaurav Ajwani brings core operational excellence and supply chain expertise to help tailor the best-in-class manufacturing and distribution design for C-Care's customers.

C-Care Names Gaurav Ajwani President, CEO

Ajwani previously held positions at Bright Innovation labs, Graham packaging company, Cosmetic Essence Innovations and Voyant Beauty.

'We are delighted and honored to become the inaugural global ambassadors for Dr.Jart+,' Enhyphen said in a statement. 'We plan to reveal our most authentic and natural selves with Dr.Jart+. We hope our fans around the world join us in our excitement about this partnership, with much more to come soon.'

K-pop Stars Enhyphen Join Global Campaign for Dr.Jart+'s Cicapair Collection

"We are delighted and honored to become the inaugural global ambassadors for Dr.Jart+," Enhyphen said in a statement. "We plan to reveal our most authentic and natural selves with Dr.Jart+."

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