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Coty appoints Gordon von Bretten as chief transformation officer

Coty appoints Gordon von Bretten as chief transformation officer

Coty announced on Thursday the appointment of KKR executive Gordon von Bretten as chief transformation officer. 
Beauty
Ulta Beauty sales plummet 33%

Ulta Beauty sales plummet 33%

The American cosmetics retailer announced a 32.7% decrease in Q1 sales on Thursday, leading the company to topple into loss as disruptions related to the ongoing Covid-19 pandemic took their toll on its operations.
Beauty
German retailer Douglas hopes to manage without state aid

German retailer Douglas hopes to manage without state aid

Private-equity controlled German perfume retailer Douglas said on Wednesday it hopes to be able to make it through the coronavirus pandemic without state aid, even though it expects an ongoing hit to sales.
Beauty
Masks blossom among roses at French perfume capital

Masks blossom among roses at French perfume capital

May roses are blooming in Grasse, the birthplace of French perfumes, but out in the fields, some of those who pick them face a problem this year.
Beauty
Sephora prepares for US reopenings, launches e-commerce store on China's Tmall

Sephora prepares for US reopenings, launches e-commerce store on China's Tmall

As the beauty retailer promises to take a measured approach to reopening its physical stores in the U.S., it is also looking East to make up lost revenue, complementing its retail fleet in China with a new Tmall store.
Beauty
Another Debenhams store axed from Next's beauty hall list

Another Debenhams store axed from Next's beauty hall list

Less than two weeks after Hammerson said Next would be opening beauty halls in five vacated Debenhams spaces in its malls, two of the biggest have been taken off the list. But a further 10 could be added.
Beauty
Richemont hit by Covid-19, but online shines and China speeds back to normal

Richemont hit by Covid-19, but online shines and China speeds back to normal

Richemont mixed good news with bad on Friday as it delivered its full-year results, with the giant luxury group reporting resurgent demand in China on the reopening of its stores, but also a profits plunge.
Fashion
Fenty Beauty propels Rihanna onto Sunday Times Rich List

Fenty Beauty propels Rihanna onto Sunday Times Rich List

The new Sunday Times Rich List isn't due to be released until this weekend but it's already been revealed that Rihanna has joined the select group of ultra-wealthy UK residents. 
Fashion
Cannes travel retail show cancelled as duty free reels from air travel halt

Cannes travel retail show cancelled as duty free reels from air travel halt

The Tax Free World Association has cancelled its flagship World Exhibition that was due to take place in Cannes in September and October.
Fashion
Interparfums earnings almost halved by coronavirus

Interparfums earnings almost halved by coronavirus

The perfume maker has announced a 46.8% decline in Q1 net income, due to hefty sales declines in the Middle East and Asia early in the quarter, followed by decreases in other markets as the coronavirus pandemic evolved.
Beauty
Revlon sales drop 18% as Covid-19 takes its toll

Revlon sales drop 18% as Covid-19 takes its toll

The NYC-based cosmetics conglomerate announced an 18.1% decline in its first-quarter revenues on Monday, as store closures related to the Covid-19 pandemic left a significant dent in the company’s sales.
Beauty
Coty hives off majority stake in Wella portfolio to KKR

Coty hives off majority stake in Wella portfolio to KKR

Coty Inc said on Monday it would sell a majority stake in its hair and nail care brands, including Wella and OPI, to U.S. buyout firm KKR & Co Inc for $3 billion.
Beauty
J.C. Penney and Sephora make amends

J.C. Penney and Sephora make amends

Following a legal spat which saw the Plano, Texas-based department store operator accuse the French beauty retailer of trying to back out of a long-term contract, the two companies have reaffirmed their partnership.
Beauty
Next to launch standalone beauty halls in ex-Debenhams spaces

Next to launch standalone beauty halls in ex-Debenhams spaces

Debenhams’ loss is Next’s gain as it's to open a new standalone beauty concept in five soon-to-be-ex-Debenhams spaces owned by Hammerson. These are due to close after the department store failed to strike a rent deal.
Fashion
J.C. Penney and Sephora clash over store reopenings

J.C. Penney and Sephora clash over store reopenings

After the department store chain accused the beauty retailer of trying to back out of a contract by not reopening its shop-in-shops when J.C. Penney stores open again, Sephora has hit back with a motion to dissolve.
Luxury
La Prairie suffers as travel retail sales slow to a trickle

La Prairie suffers as travel retail sales slow to a trickle

Beiersdorf said on Tuesday that its super-prestige skincare brand la Prairie has taken a major hit on the back of the coronavirus crisis with the travel retail channel weak and likely to stay that way for some time.
Beauty