On July 16, Spanish luxury beauty company Puig announced its financial results for the second quarter of 2025 (April–June).
Beauty
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Spanish luxury beauty and fashion powerhouse Puig has announced the release of a new book titled Puig, Home of Creativity, commemorating over 110 years of innovation and heritage.
SETCHU, the brand founded by 2023 LVMH Prize winner Satoshi Kuwata, is set to unveil its first fragrance line, titled SETCHU Perfume.
French beauty giant L’Oréal has officially denied recent media reports claiming it will shut down its Hong Kong office and lay off over 200 employees, calling the information “inaccurate.”
On July 10, Ulta Beauty, the largest specialty beauty retailer in the United States, announced its acquisition of Space NK, a UK-based luxury beauty retailer, from investment firm Manzanita Capital.
The beauty and wellness brand Cosmoss, launched by supermodel Kate Moss, is officially shutting down less than three years after its debut.
On June 30, L’Oréal, the world’s largest beauty company, announced that it has signed an agreement to acquire Color Wow, a professional haircare brand experiencing rapid growth.
L’Oréal, one of the world’s largest beauty companies, has launched a new accelerator program to further drive innovation in the field of sustainability.
On June 14, Leonard A. Lauder, Chairman Emeritus of The Estée Lauder Companies Inc., passed away in New York, surrounded by his family. He was 92.
On June 11, L’Oréal Groupe announced a strategic partnership with U.S.-based AI chipmaker NVIDIA to accelerate the use of AI in the beauty industry.