Cosmetics maker Revlon Inc posted a higher first-quarter profit as shoppers spent more on cosmetics and personal care products in a recovering economy, pushing its shares up 5 percent to a near 1-year high.
French perfume house Guerlain is partnering with Trilogy Spa Ventures to grow its network of Guerlain-branded spas at luxury hotels and resorts in the United States to 20 units over the next five years. The parties are also discussing expansion outisde the US.
The world's biggest food group Nestle will decide on the future of its stake in French cosmetics group L'Oreal in 2014 when a 10-year standstill agreement draws to an end, its chairman said on Thursday.
Aerin Lauder has announced the creation of her own luxury lifestyle brand ‘Aerin’. The granddaughter of the legendary Estée Lauder will be stepping down from her position of Senior VP for the Estée Lauder brand to become its Style and Image Director, whilst remaining its global ambassador.
Fragrance and flavour maker Givaudan said on Friday price increases should help it reach its 2011 growth target after its first-quarter sales came in at the low end of expectations. Sales rose 3.1 percent in local currencies but fell 5.
Estee Lauder Cos Inc will soon get the exclusive license to market Ermenegildo Zegna fragrances and grooming products, giving it another luxury brand as it tries to boost sales growth, especially in Asia.