THE WHAT? E.l.f. Beauty has reported its results for the three and twelve months ended March 32, 2021. The US mass beauty brand saw sales rise 24 percent in the final quarter of fiscal 2021 versus the same period in fiscal 2020, contributing to an overall uplift of 12 percent for the year, despite make-up’s…
THE WHAT? Kering has announced the completion of the sale of part of its stake in Puma for €805 million. The owner of Gucci offloaded shares equivalent to 5.9 percent of the sportswear brand’s share capital. THE DETAILS Following the transaction, Kering will hold a stake of approximately 4 percent in the Italian sneaker label….
THE WHAT? Colgate-Palmolive has announced plans to send to the first private sector oral care experiment to the International Space Station (ISS). The experiment is designed to learn more – in a microgravity environment – about the bacteria that affect oral and overall health. THE DETAILS The experiment will travel to the orbiting laboratory via…
THE WHAT? Authentic Brands Group, parent company of Forever 21, Juicy Couture and Brooks Brothers, is reportedly planning a public listing this year, according to a report by Bloomberg. THE DETAILS The IPO, which values the firm at $10 billion, is said to be being handled by Bank of America, J.P. Morgan and Goldman Sachs. According to…
THE WHAT? Coty has promoted Andrew Stanleick to Chief Executive Officer for Kylie Jenner and Kim Kardashian’s Coty beauty businesses. THE DETAILS Stanleick will be tasked with driving global expansion for the brands as well as entering new beauty categories. He will continue to undertake the responsibilities of his current role as Coty EVP Americas. The beauty…
THE WHAT? L’Oréal USA has invested $12 million into its North Little Rock plant, a move that will create 45 new full-time jobs. THE DETAILS The beauty company currently employs 350 people at the plant, and plans to increase production for all brands. The largest color cosmetics factory worldwide for the L’Oréal Group, the company will be…
