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Sephora is doubling down on its inclusivity efforts. In May, the retailer launched "We Belong to Something Beautiful," a public commitment to inclusivity accompanied by the announcement that Sephora would close all of its U.S. stores, distribution centers and corporate headquarters to host a one-day internal workshop on inclusivity. Today, Sephora announced phase two of […]
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 […]
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 […]
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 […]
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 […]
MILAN — Armani Beauty will be the main sponsor of the upcoming Venice International Film Festival, running Aug. 28 to Sept. 7. This is not the first time the label will support the event, but the 76th edition of the festival will mark the brand’s debut as the main sponsor, implying that Armani Beauty will be […]
Move over Chanel, Dior, Armani, et.al. With the launch of Tom Ford Research, its new skin-care arm, Tom Ford Beauty is looking to become the first big designer master brand of the 21st century, playing across multiple categories in key geographies around the world. The Estée Lauder Cos. Inc.-owned brand launched fragrance in 2006 and color […]
For Odile Roujol, the new wave of cosmetics and apparel innovators is beautiful. And she knows a thing or two about beauty. Formerly an executive with L’Oréal, Yves Saint Laurent and Chanel group, not to mention a high-profile role as chief executive officer of Lâncome, Roujol has crafted her second act as the founder of […]
NEW YORK — Beauty companies are working hard to gain the trust of their consumers on all touchpoints, from product formulations to sustainable practices and brand message. A number of speakers at the WWD Beauty Summit at New York’s Conrad hotel on Wednesday emphasized how this is paramount today. “There’s a huge crisis of trust […]
1999: Marla and Barry Beck open Bluemercury as a start-up e-commerce site, with $1 million in seed money. 2000: The Becks learn the world isn’t quite ready for a beauty e-tailer. Bluemercury’s first retail store opens, in Washington, D.C.’s Georgetown neighborhood. (A Harvard Business School study credits the company with coining the term “clicks to […]