Coty to list on Paris stock exchange
Coty has announced the launch of a global offering of 33 million shares of Class A common stock and that it has applied for the listing and trading of its Class A Common Stock on the professional segment of Euronext Paris.
Did Kylie Jenner just tease her next launch?
Kylie Jenner has set the internet alight with her Dolce & Gabbana TikTok diary, which appears to show her using an eyeliner that isn’t from her own make-up collection. So far, so controversial.
Elf Beauty to restock as Jennifer Coolidge collab sells out
Elf Beauty has announced a restock after a limited edition collab with White Lotus star Jennifer Coolidge sold out in hours. The Dirty Pillows Lip Kit made its debut on the Elf US site on Wednesday but was sold out a day later.
US FTC files major antitrust lawsuit against Amazon
The US Federal Trade Commission, together with 17 states is taking Amazon to task over its alleged use of anti-competitive practices. Amazon has denied all allegations.
Target cuts its losses; closes nine stores over skyrocketing shrink
Target has announced that it will close nine of its stores in four states to curtail losses from persistent theft and organized retail crime. Staff will be offered transfers to other locations.
Coty raises guidance as Burberry launch sets new market records
Coty has announced that it is raising its guidance for H1 and FY 2024. The US beauty giant said that since providing an outlook for the fiscal year ahead on its FY23 earnings call just weeks ago, it has seen strong momentum in beauty demand, particularly in prestige fragrances.
Ulta Beauty promotes COO; adds President to title
Ulta Beauty has announced that current Chief Operating Officer, Kecia Steelman will add the role of President to her remit.
Puig unveils new travel retail hub for the Americas
Puig is said to have cut the ribbon on a travel retail hub for the Americas region in Miami.
Shein to pile US$85 million into CSR initiatives
Shein has set aside a pot of US$85 million for global community empowerment over the next five years. The fast fashion firm will use the fund to support stakeholders as part of its wider ESG program.
Macy’s to reduce seasonal workforce to 38,000
Macy’s Inc has announced plans to hire 38,000 seasonal workers this holiday season across its department store brands, Bluemercury and distribution centers.
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