On September 12, L’Oréal announced the signing of a tripartite partnership with Abolis Biotechnologies, a biotechnology company, and Evonik, a leader in specialty chemicals.
Beauty
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On September 11, Chanel announced that Hollywood actress Margot Robbie had been chosen as the new face of their iconic fragrance, Chanel N°5.
On September 6, Puig, a leader in the fragrance industry based in Barcelona, announced robust growth for the first half of the 2024 fiscal year.
This fall, Barneys New York is making a comeback as a limited-time pop-up shop in New York City.
On August 21, 2024, Fresha, a leading beauty and wellness industry marketplace, announced that it had secured a $31 million venture debt facility from J.P. Morgan.
On August 26th, French Maison Rabanne announced that supermodel Gigi Hadid had been appointed the global ambassador for their new fragrance, “Million Gold For Her.”
On August 19, 2024, The Estée Lauder Companies Inc. announced that President and CEO Fabrizio Freda has informed the Board of Directors of his intention to retire at the end of fiscal year 2025.
On August 8th, California-based cosmetics brand e.l.f. Beauty, Inc. announced a strong start to fiscal year 2025, reporting a 50% increase in first-quarter sales, reaching $324.5 million.
On August 7, Ralph Lauren Corporation (NYSE: RL) announced its financial results for the first quarter of Fiscal 2025, reporting revenue that exceeded expectations.
Italian luxury fashion house Dolce & Gabbana has launched its latest fragrance, a perfume for dogs named “Fefé” after co-founder Domenico Dolce’s pet.