Coty Misses Quarterly Revenue Estimates: A Sign of Changing Trends in the Beauty Industry Coty, a global beauty company, recently announced a disappointing second-quarter revenue result, falling short of estimates and leading to a cut in its annual profit forecast. The company attributed this setback to several factors, including a decrease in demand for cosmetics […]
Shiseido Profits Plummet 73% on Weak China Demand
Shiseido Profits Plummet 73% on Weak China Demand Shiseido, the renowned Japanese owner of popular beauty brands like Nars and Drunk Elephant, has recently been hit hard by a significant drop in profits. The company reported a staggering 73% decrease in its earnings, attributing this sharp decline to weak consumer demand in China. This downturn […]
Join Us at BoF CROSSROADS in Dubai
Join Us at BoF CROSSROADS in Dubai BoF, the renowned authority in the fashion industry, is gearing up to host a groundbreaking event in Dubai this April. From the 10th to the 11th, BoF CROSSROADS will convene some of the most influential business and creative minds to explore and dissect the myriad of business prospects […]
E.l.f. Beauty Shares Crater as Weakening Cosmetics Demand Dents Annual Forecasts
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, […]
Forever 21 Considers Bankruptcy Filing If Asset-Sale Plans Fail
Forever 21 Considers Bankruptcy Filing If Asset-Sale Plans Fail The retail industry is a volatile business sector, constantly facing challenges and changes in consumer preferences. Forever 21, a prominent player in the fast fashion retail market, is currently navigating rough waters. With the company considering a bankruptcy filing if its asset-sale plans fail, it’s a […]
Versace Parent Capri Says Turnaround to Take a Year
Versace Parent Capri Says Turnaround to Take a Year Capri Holdings, the parent company of renowned fashion houses Michael Kors, Versace, and Jimmy Choo, has recently announced that it anticipates a year-long turnaround to restore its financial standing. Despite the high expectations surrounding the luxury brands under its umbrella, Capri Holdings foresees fiscal 2025 revenue […]
Estée Lauder Knows How to Cut Costs. Can It Also Rebuild Growth?
Estée Lauder: Streamlining for Success Estée Lauder Companies Inc., a global powerhouse in the beauty industry, has recently made headlines with its strategic moves to cut costs and restructure its operations. In Tuesday’s second-quarter earnings report, the conglomerate revealed its plans to streamline the business further, including additional job cuts and corporate restructuring. While these […]
Ferragamo Parts Ways With CEO Marco Gobbetti
Ferragamo Parts Ways With CEO Marco Gobbetti Italian luxury fashion house Salvatore Ferragamo has announced the departure of CEO Marco Gobbetti next month, after just over three years at the helm. Gobbetti’s tenure was marked by challenges as the brand struggled to curb sliding sales, with shares plummeting by a staggering 66 percent during his […]
Deckers Outdoor Raises Annual Net Sales Target for Second Time on Robust Demand
Deckers Outdoor Raises Annual Net Sales Target for Second Time on Robust Demand Deckers Outdoor Corp, the parent company of popular footwear brands like UGG and Hoka One One, has recently announced an upward revision of its annual net sales target for the second time this year. This decision comes on the heels of robust […]
Puig Posts 14% Rise in Holiday Sales
Puig Posts 14% Rise in Holiday Sales Puig, the Barcelona-based powerhouse known for its luxurious perfume brands such as Rabanne, Carolina Herrera, and Jean Paul Gaultier, has recently reported a significant surge in holiday sales. The company disclosed that its net sales for the final quarter of the year, spanning from October to December 31, […]