E.l.f. Beauty Faces Setback as Demand Wanes, Investors React E.l.f. Beauty, a prominent player in the cosmetics industry, experienced a significant blow as its shares nosedived by more than 20 percent during after-hours trading on Thursday. The root cause of this abrupt decline? The company decided to slash its annual net sales and profit projections, […]
L’Oréal Sells €3 Billion of Sanofi Stock Back to Drugmaker
L’Oréal Sells €3 Billion of Sanofi Stock Back to Drugmaker L’Oréal, the renowned French cosmetics giant, has recently made a strategic move by selling €3 billion of Sanofi stock back to the drugmaker. This significant transaction is not just about reshuffling assets; it signifies a calculated step towards optimizing L’Oréal’s balance sheet. By divesting a […]
Ronald S. Lauder Retires from Estée Lauder Board
Ronald S. Lauder Retires from Estée Lauder Board Ronald S. Lauder, son of the iconic cosmetics company’s founder Estée Lauder, has recently announced his retirement from the Estée Lauder board. Lauder’s legacy within the beauty industry is undeniable, having joined the family business in 1964 and dedicated over 45 years to serving on the company’s […]