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L’Occitane International SA’s controlling shareholder is considering a move to take the skin-care company private, people with knowledge of the matter said.
The “Euphoria” makeup style popularised by Donni Davy is the biggest trend beauty has seen since contouring. Now, her brand, Half Magic, is readying itself to take on cosmetics giants with an Ulta Beauty launch.
Miu Miu's first-half revenues jumped 50 percent year on year as runway relevance translated into sales. The group’s flagship Prada brand grew 18 percent.
Star designer Phoebe Philo is one step closer to launching her new namesake label. Today, the brand, which is set to debut digitally in September, began registering customers at phobephilo.com, fuelling anticipation amongst her fanbase of “Philophiles.”
The French group has the option to acquire 100 percent of the Italian label within five years. Kering chairman François-Henri Pinault described the deal as a ‘first step’ in a broader partnership with Qatari investment fund Mayhoola.
British retail sales fell in July at the fastest rate since April 2022, and stores are bracing for worse times ahead, with many chains cutting orders placed with suppliers, an industry survey showed on Thursday.
Zara owner Inditex is in the process of stopping purchases from Myanmar, the company told Reuters on Thursday, as a result of a campaign by global workers’ union IndustriALL to convince companies to divest from the country.
British retailer Frasers Group expects profit to rise between 5 percent and 15 percent this year as its biggest brand, Sports Direct, benefits from a partnership with Nike and shoppers keep spending despite economic headwinds, it said on Thursday.
Second-quarter sales at French cosmetics giant L’Oréal slightly beat expectations, as a rebound in China helped offset slower growth in the United States, where the rising cost of living is prompting shoppers to tighten their purse strings.
France wants to work with China on common standards for cosmetics after the European Union raised concerns that Beijing’s requests for companies like L’Oréal and LVMH to store their product information in its’ database could end up surrendering trade secrets under the guise of product safety.
Puig-owned Jean Paul Gaultier is collaborating with London-based womenswear brand KNWLS on a collection of over 40 tops, jackets, trousers and dresses, set to debut on Sept. 8. The items are priced €290 to €2700 ($319 to $3000), and will be sold at Ssense, MyTheresa, The Webster, FWRD and Net-A-Porter.