Author: Reuters
The beauty company’s net loss grew as it continued a strategic review of its portfolio.
While the company said it had a strong start to the year, CEO Daniel Grieder said the turmoil in the Middle East was creating a more challenging environment.
Amazon Supply Chain Services will allow companies to tap the tech giant’s freight network to move, store and deliver everything from raw materials to final products.
The Daily Digest NewsletterThe essential daily round-up of fashion news, analysis, and breaking news alerts.Plus, access one complimentary BoF Professional article of your choice, each month.SubscribeNewsletter preferencesReceive news, offers and invites from BoFOur newsletters may include 3rd-party advertising, by subscribing you agree to the Terms and Conditions & Privacy Policy.
Beauty brand Coty is facing a lawsuit from DB Ventures, the company behind former football star David Beckham’s eponymous fragrance, for what the lawsuit describes as flagrant material breaches of the license agreement, court documents show. Please sign in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties.
The Italian luxury group’s first-quarter performance surpassed market expectations powered by solid growth in direct-to-consumer sales in the US.
The German sportswear maker also announced it had appointed former Hugo Boss CEO Mark Langer as its chief financial officer, effective Friday.
Cosmetics giant Estée Lauder is considering launching a takeover bid for all of Puig’s Class B shares at 18 to 19 euros ($21 to $22.20) a share, said a source close to the matter.
The company’s strategy to pivot away from low-value, high-volume items is gaining traction.
The company delivered stronger than expected profit and sales in the first quarter, driven by strength in categories such as running.