Milk Makeup Owner Waldencast Postpones Earnings and Cuts Forecast, Will Undertake Strategic Review Waldencast, the parent company of popular skincare brand Obagi and the trendy makeup line Milk Makeup, recently made headlines by announcing a strategic shift in its financial planning. The company took the unexpected step of delaying the full release of its second-quarter […]
Coty Cuts Annual Profit Forecast
Coty Cuts Annual Profit Forecast: What’s Next for the Beauty Giant? Coty, the global beauty company known for its wide range of cosmetic and fragrance brands, recently announced a downward revision of its annual profit forecast. The news sent ripples through the market, with the company’s shares falling about 2 percent in extended trading. This […]
Italian Luxury Supplier Plans Creditor Talks As Demand Slows
Italian Luxury Supplier Plans Creditor Talks As Demand Slows Altofare Group, the umbrella organization that manages a consortium of Italian luxury suppliers, is currently facing a challenging period as demand for high-end products slows down globally. In response to this economic downturn, the group has taken a proactive step by enlisting the services of tax […]