Cosmetics

Coty Cuts Annual Profit Forecast, Posts Quarterly Revenue Drop

Coty cut its annual profit forecast and posted a surprise drop in quarterly revenue, as it faces slowing demand for cosmetics.

L'Oréal Posts Slowest Quarterly Sales Growth Since The Pandemic

L'Oréal reported the slowest quarterly rise in growth since the height of the pandemic, missing expectations.

Estée Lauder Forecasts Bleak Quarterly Profit, To Cut Up To 7,000 Jobs

Estée Lauder forecast third-quarter profit well below estimates, while also expanding its restructuring plan to include up to 7,000 job cuts.

Estée Lauder Is Reviewing Portfolio Amid Management Change: Report

Estée Lauder is reviewing its portfolio of beauty brands, which could potentially lead to the sale of some of the labels, Bloomberg News reported on...

EU Considering Ban On 'Forever Chemicals' In Consumer Products

The European Commission intends to propose a ban on the use of PFAS, or 'forever chemicals', in consumer products, with exemptions for essential industrial...

Douglas Expects Sales To Grow In 2025

German perfume and cosmetics retailer Douglas said it expected its sales to grow in the fiscal 2025 compared to the past year.

Estée Lauder Names Insider de La Faverie As New CEO To Kickstart Turnaround

Estée Lauder named insider Stephane de La Faverie its new CEO, as the company looks to revamp its business amid falling demand for cosmetics and pre...