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Eurozone retail sales drop more than expected in June as prices rise

Eurozone retail sales drop more than expected in June as prices rise

Euro zone retail sales plunged more than expected in June as prices at factory gates continued to rise, data showed Wednesday, signalling a weakness in consumer demand that could herald a recession in H2.
Fashion
Revlon gets court approval for $1.4 billion bankruptcy loan

Revlon gets court approval for $1.4 billion bankruptcy loan

​Revlon received a US bankruptcy judge's permission Monday to proceed with a $1.4bn loan, over an objection by some creditors who argued its terms could block their chance to recover anything from the firm's bankruptcy.
Beauty
L’Oreal may continue to raise prices in a targeted manner, CEO says

L’Oreal may continue to raise prices in a targeted manner, CEO says

L'Oreal may continue to raise prices in the second half of the year to offset rising production costs, but would do so in a very targeted manner, the cosmetics group's CEO said on Thursday.
Beauty
L'Occitane reports a 15.8% increase in sales in the first quarter

L'Occitane reports a 15.8% increase in sales in the first quarter

During the first quarter of its fiscal year that closed on June 30, the L'Occitane group recorded sales of €416 million, up 15.8% at constant exchange rates.
Beauty
Unilever's first half is strong for prestige beauty

Unilever's first half is strong for prestige beauty

​Unilever’s first-half report on Tuesday showed rising sales, with inflation a big factor in that as the company was largely able to pass on price rises to consumers.
Beauty
Pitti Fragranze back in Florence with 140 exhibitors, special guest Alessandro Gualtieri

Pitti Fragranze back in Florence with 140 exhibitors, special guest Alessandro Gualtieri

The 20th edition of Pitti Fragranze, the trade show of the creative perfumery sector, entitled ‘The 5 Senses Issue’ and featuring 140 international exhibitors, will be held in Florence on September 16-18.
Beauty
K11 unveils plans for new Shenzhen retail precinct

K11 unveils plans for new Shenzhen retail precinct

K11 Group this month announced plans for a new harbourfront complex in China's Shenzhen, as the New World Group-owned brand and retail developer continues to expand across mainland China. 
Fashion
Liberty launches beauty newspaper The Hall

Liberty launches beauty newspaper The Hall

​Content may be shifting online at an ever faster pace but London department store Liberty is going old-school and has launched a new bi-annual beauty newspaper called The Hall.
Beauty
Ted’s Grooming Room to debut on Fulham Road

Ted’s Grooming Room to debut on Fulham Road

​London landlord Sloane Stanley is continuing to attract interesting businesses to its estate that takes in large parts of Chelsea and the latest is Ted’s Grooming Room.
Beauty
Cosmoprof North America completes successful 19th edition, reveals next dates

Cosmoprof North America completes successful 19th edition, reveals next dates

B2B beauty exhibition Cosmoprof North America announced on Monday that it will celebrate its 20th edition at the Las Vegas Convention Center on July 11-13, 2023. 
Beauty
Richemont booms in Q1 but China restrictions dent sales there

Richemont booms in Q1 but China restrictions dent sales there

Richemont said on Friday that the latest quarter saw strength in Europe, Japan, the US and Middle East. But Asia Pacific was hit by Covid issues in China. It was similar to Burberry, which reported on the same day.
Luxury
Afterpay partners with Sephora U.S., Canada next

Afterpay partners with Sephora U.S., Canada next

Australian buy now, pay later firm Afterpay announced on Wednesday a new partnership with beauty retailer Sephora to offer customers the flexibility to pay in four installments when shopping at the chain's U.S. stores. 
Beauty
L’Occitane group's sales jump by over 15% in fiscal 2021-22

L’Occitane group's sales jump by over 15% in fiscal 2021-22

Cosmetics group L’Occitane, owner among others of L’Occitane en Provence, Melvita and Sol de Janeiro, recorded a 15.8% sales growth to reach €1.78 billion in the last fiscal year.
Beauty
Superdrug unveils "market first" TikTok campaign

Superdrug unveils "market first" TikTok campaign

​British beauty and health retailer Superdrug has launched a new campaign and said it’s the first beauty retailer to host an in-store and on-platform talent show with a live final on TikTok UK.
Beauty
​Estée Lauder adds Nike China head to board

​Estée Lauder adds Nike China head to board

Estée Lauder Companies Inc. announced on Monday the appointment of Angela Wei Dong to its board of directors and the company’s audit committee, effective July 11. 
Beauty
EU Intellectual Property Office: 'Counterfeiting is not a victimless crime'

EU Intellectual Property Office: 'Counterfeiting is not a victimless crime'

The latest report from the European Union Intellectual Property Office shows a worrying increase in the number of intentional purchases of counterfeit products over the past three years.
Luxury