Beauty & Balance

L’Oréal Debuting School, Creating Bachelor’s Degree in Hairdressing, Entrepreneurship

PARIS — Digital has transformed the hairdressing industry, and to evolve with swiftly changing times, L’Oréal will open a school and create the first bachelor’s degree in hairdressing and entrepreneurship, the group said on Tuesday. “With over 10,000 job vacancies in France, the hairdressing industry is suffering from a lack of qualified and motivated workers,” […]

Beauty & Balance

Revlon Sales Decline, Loss Narrows

Revlon Inc. reported further dips in net sales for the second quarter, due to declines in some of the company’s smaller brands and the fragrance segment. Revlon’s net sales fell 6 percent to $570.2 million in the quarter, but the net loss narrowed from $122.5 million in the prior-year period, to $63.7 million. Net loss per […]

Beauty & Balance

Birchbox x Walgreens Expands to Five More Stores

Birchbox is slated to open five more shops-in-shop at Walgreens this month. The beauty business has plans to open locations in Walgreens stores in Ann Arbor, Mich.; Deerfield, Ill.; San Francisco; Daly City, Calif., and El Segundo, Calif. That will bring the total number of Birchbox doors inside Walgreens outposts to 11. The partnership kicked […]

Beauty & Balance

Douglas Acquires Niche Beauty Site

PARIS — German premium beauty retailer Douglas is acquiring a majority stake in Niche Beauty, an online business focused on premium cosmetics brands from around the world. Financial terms of the deal, through which Douglas has taken a 51 percent share of Niche Beauty, were not disclosed. The move was made to strengthen Douglas’ position […]

Beauty & Balance

P&G Takes $8 Billion Writedown on Gillette

Procter & Gamble is taking a one-time, $8 billion writedown related to the Gillette business, the company said Tuesday. Chief financial officer Jon Moeller said the Gillette business has faced significant currency impacts which, combined with lower shave frequency, caused P&G to take a one-time, non-cash accounting writedown. He also acknowledged new competitors in the […]