Deep in transition mode, Brand Architekts Group has suffered an untimely dip in sales and earnings, the challenger British beauty business admitted Thursday. Group sales for the year are expected to be down 11%.
Skincare brand Loops announced on Tuesday the appointment of actress Camila Mendes as its creative director, coinciding with the news the beauty brand has inked its first physical retail deal with Ulta Beauty.
Richemont said on Friday that the latest quarter saw strength in Europe, Japan, the US and Middle East. But Asia Pacific was hit by Covid issues in China. It was similar to Burberry, which reported on the same day.
Australian buy now, pay later firm Afterpay announced on Wednesday a new partnership with beauty retailer Sephora to offer customers the flexibility to pay in four installments when shopping at the chain's U.S. stores.
French luxury group LVMH’s beauty retail chain Sephora said on Monday it was selling its Russian subsidiary to the local general manager.It added that the business would operate under the "Ile de Beaute" brand.
As the cost-of-living crisis deepens, something has to give in the spending column. And its looks like beauty purchases could be among those most hit, as consumers look to prioritise holidays this summer, a survey says.