French luxury house Chanel has closed its beauty concept store, Atelier Beauté Chanel, located on Wooster Street in New York’s SoHo district.
Beauty
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Global recording artist Drake’s luxury fragrance brand, Better World Fragrance House, has unveiled its first-ever eau de parfum, Summer Mink.
On April 23, Coty Inc., the U.S. beauty giant known for brands such as CoverGirl and Kylie Cosmetics, announced plans to cut up to 700 positions globally.
On April 24, Unilever announced that its underlying sales rose by 3.0% in the first quarter of 2025 compared to the same period last year.
On April 17, L’Oréal announced its financial results for the first quarter of fiscal year 2025. The company reported sales of €11.73 billion, marking a 4.4% increase year-over-year and a like-for-like growth of 3.5%, excluding currency and structural effects.
On April 4, Hailey Bieber, the model-turned-entrepreneur, was reported to be considering the sale of her viral beauty brand Rhode, according to Reuters.
Reality star and entrepreneur Paris Hilton has officially announced the launch of her latest skincare brand, Parívie.
On March 27, U.S.-based luxury cosmetics brand Hourglass opened its long-awaited global flagship store in the NoLita neighborhood of New York City.
On March 21, SKIMS officially announced the acquisition of the majority stake in SKKN by Kim held by Kardashian, as well as the 20% minority stake previously owned by global beauty giant Coty Inc.
On March 13, U.S. beauty retail giant Ulta Beauty announced its financial results for fiscal year 2024, outlining plans to accelerate business reforms in response to slowing sales growth.