News

THE WHAT? LVMH has reported its results for the first half of fiscal 2024. The luxury goods conglomerate said that growth continued over the period, with revenue up 2 percent in organic terms, despite a geopolitical and economic environment that remained uncertain. In reported terms, growth dropped by 1 percent to €41.7 billion. THE DETAILS […]

THE WHAT? Lush has announced that it will donate 100 percent of the profits from sales of its Watermelon Slice soap to projects providing professional mental health support and trauma counselling for children in Gaza and the West Bank. THE DETAILS The ethical cosmetics brand’s choice of a watermelon wedge for its ‘soap for hope’ […]

THE WHAT? As the first beauty brand to give Nature a vote on its board, Faith in Nature has now rolled out a line of products crediting Nature as co-creator. The natural beauty brand’s 500ml range is packaged in 100 percent recycled and infinitely recyclable aluminium.   THE DETAILS The metal bottles, which were launched […]

THE WHAT?  The Estée Lauder Companies has launched the third edition of BEAUTY&YOU India in partnership with NYKAA. This initiative, created by Estée Lauder’s New Incubation Ventures (NIV), aims to discover and support the next generation of India-focused beauty brands. THE DETAILS  The 2024 edition, themed “Supercharged Futures,” targets entrepreneurs and companies with innovative visions […]

THE WHAT? Blo Blow Dry Bar has announced a partnership with Bare Minerals, making the cruelty-free makeup and skincare brand the exclusive makeup provider for its locations across the U.S. and Canada. THE DETAILS  Starting today, Blo Blow Dry Bar will use Bare Minerals products for all its makeup services. This partnership is part of […]

THE WHAT?  A class action securities lawsuit has been filed against Walgreens Boots Alliance, seeking to recover losses for shareholders impacted by alleged securities fraud. The lawsuit covers investors who suffered losses between October 12, 2023, and June 26, 2024. THE DETAILS  The lawsuit follows Walgreens’ announcement on June 27, 2024, where the company reported […]

THE WHAT?  Yoshitsu Co., Ltd, a retailer and wholesaler of Japanese beauty and health products, has announced its financial results for the fiscal year ending March 31, 2024. The company reported significant revenue growth and a substantial increase in net income, marking a turnaround from the previous year’s losses. THE DETAILS  For fiscal year 2024, […]

THE WHAT?  L Catterton, a private equity firm supported by LVMH Moet Hennessy Louis Vuitton SE, has agreed to purchase Hammerson Plc’s stake in Value Retail, a prominent outlet mall landlord. The deal represents an enterprise value of £1.5 billion (US$1.9 billion). THE DETAILS  The transaction includes stakes in nine luxury retail properties across Europe, […]

THE WHAT?  Peter Hawkings, Creative Director of TOM FORD, is stepping down from his role. Hawkings has been with TOM FORD since its inception and led the creative direction since April 2023. THE DETAILS  TOM FORD’s President and CEO, Guillaume Jesel, and Lelio Gavazza, CEO of TOM FORD FASHION, expressed their gratitude for Hawkings’ contributions […]