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Richemont recommends shareholders vote against board candidate Trapani

Richemont recommends shareholders vote against board candidate Trapani

Richemont has asked shareholders to reject a candidate from Bluebell Capital Partners as a representative of ordinary shareholders and vote against his election to the luxury group's board at its upcoming AGM.
Luxury
Eurozone retail sales drop more than expected in June as prices rise

Eurozone retail sales drop more than expected in June as prices rise

Euro zone retail sales plunged more than expected in June as prices at factory gates continued to rise, data showed Wednesday, signalling a weakness in consumer demand that could herald a recession in H2.
Fashion
Revlon gets court approval for $1.4 billion bankruptcy loan

Revlon gets court approval for $1.4 billion bankruptcy loan

​Revlon received a US bankruptcy judge's permission Monday to proceed with a $1.4bn loan, over an objection by some creditors who argued its terms could block their chance to recover anything from the firm's bankruptcy.
Beauty
Estée Lauder is in talks to acquire Tom Ford brand - report

Estée Lauder is in talks to acquire Tom Ford brand - report

​Cosmetics giant Estée Lauder Cos Inc is reportedly in talks to acquire ultra-luxury brand Tom Ford. If it does, it could be a $3 billion deal, the Wall Street Journal said at the start of August, citing sources.
Fashion
Sales and profit boom at Hermès in H1, China bounces back at end of period

Sales and profit boom at Hermès in H1, China bounces back at end of period

​Hermès saw a sales boom in Q2 as — like its luxury peers — it enjoyed strong growth in Europe and the US with China also recovering during June towards the end of the quarter.
Luxury
L’Oreal may continue to raise prices in a targeted manner, CEO says

L’Oreal may continue to raise prices in a targeted manner, CEO says

L'Oreal may continue to raise prices in the second half of the year to offset rising production costs, but would do so in a very targeted manner, the cosmetics group's CEO said on Thursday.
Beauty
L'Occitane reports a 15.8% increase in sales in the first quarter

L'Occitane reports a 15.8% increase in sales in the first quarter

During the first quarter of its fiscal year that closed on June 30, the L'Occitane group recorded sales of €416 million, up 15.8% at constant exchange rates.
Beauty
Superdrug adds more prestige brands as beauty sales rise strongly

Superdrug adds more prestige brands as beauty sales rise strongly

Superdrug is upping its high-end beauty credentials, adding seven new premium brands and 102 product lines to its retail portfolio, “reinforcing plans to further build market share through its premium beauty strategy”.
Beauty
Glossier arrives at Sephora in the US and Canada

Glossier arrives at Sephora in the US and Canada

Having so far favored direct sales, the American beauty brand is arriving at Sephora stores in the U.S. and Canada, and is expanding its network of boutiques. 
Beauty
Unilever's first half is strong for prestige beauty

Unilever's first half is strong for prestige beauty

​Unilever’s first-half report on Tuesday showed rising sales, with inflation a big factor in that as the company was largely able to pass on price rises to consumers.
Beauty
Pitti Fragranze back in Florence with 140 exhibitors, special guest Alessandro Gualtieri

Pitti Fragranze back in Florence with 140 exhibitors, special guest Alessandro Gualtieri

The 20th edition of Pitti Fragranze, the trade show of the creative perfumery sector, entitled ‘The 5 Senses Issue’ and featuring 140 international exhibitors, will be held in Florence on September 16-18.
Beauty
K11 unveils plans for new Shenzhen retail precinct

K11 unveils plans for new Shenzhen retail precinct

K11 Group this month announced plans for a new harbourfront complex in China's Shenzhen, as the New World Group-owned brand and retail developer continues to expand across mainland China. 
Fashion
Givaudan’s profits slump in H1 despite perfumes rebound

Givaudan’s profits slump in H1 despite perfumes rebound

On Thursday, Swiss fragrances and flavourings producer Givaudan reported a net profits slump in H1, within a highly inflationary environment and despite rising sales, driven chiefly by the rebound of fine perfumery.
Beauty
Liberty launches beauty newspaper The Hall

Liberty launches beauty newspaper The Hall

​Content may be shifting online at an ever faster pace but London department store Liberty is going old-school and has launched a new bi-annual beauty newspaper called The Hall.
Beauty
Inter Parfums inks exclusive fragrance license with Donna Karan, DKNY Brands

Inter Parfums inks exclusive fragrance license with Donna Karan, DKNY Brands

Inter Parfums Inc. announced the closing of its agreement with G-III Apparel Group, the parent company of the Donna Karan and DKNY brands, to become the exclusive worldwide licensee for the labels’ fragrance brands. 
Beauty
Why Tom of Finland is a fashion phenomenon

Why Tom of Finland is a fashion phenomenon

Since 2014, more than 30 brands have linked themselves with the brand's homoerotic imagery. Fashion Network sat down with Joakim Andreasson, Tom of Finland's license director, to discuss them.
Fashion