-
1 week ago | 
cosmeticsbusiness.com | Alessandro Carrara
A majority of US President Donald Trump’s global tariff hikes have been blocked following a ruling from an American trade court.
A three-judge panel from the Court of International Trade based in New York deemed the tariffs as “illegal” and added that Trump had “exceeded his authority” in making them.
It follows several businesses filing lawsuits against the tariffs, which the companies argued had impacted their trading.
-
1 week ago | 
cosmeticsbusiness.com | Alessandro Carrara
Hailey Bieber’s make-up and skin care brand, Rhode, has been acquired by e.l.f. Beauty in a landmark US$1bn deal.
Bieber, who co-founded the brand in 2022, will maintain her title as founder and also serve in the newly created roles of Chief Creative Officer and Head of Innovation at Rhode.
She has also been appointed as a Strategic Advisor to both Rhode and e.l.f. Beauty.
-
1 week ago | 
cosmeticsbusiness.com | Alessandro Carrara
THG is at risk of exiting the FTSE 250, just three months after the Lookfantastic-owner joined the UK stock market index.
This is according to FTSE Russell, the global index provider, which advised on its ‘Indicative FTSE 250 Deletions’ based on data as of 23 May 2025.
This list includes THG, along with investment company Bellvue Healthcare Trust and Mobico Group.
-
1 week ago | 
cosmeticsbusiness.com | Alessandro Carrara
By Alessandro Carrara | Published: 27-May-2025 LG’s beauty and health care division, H&H, launched skin care brand Belif into the UK in May, as the original K-beauty player expands its presence in 2025 You need to be a subscriber to read this article. Click here to find out more. Most know LG for its expansive variety of electronics, but what some may not know is that the tech giant began life as a health and beauty company.
-
2 weeks ago | 
cosmeticsbusiness.com | Alessandro Carrara
Luxury department store chain Harvey Nichols is increasing its focus on beauty and fashion, in a move that could leave several jobs at risk.
A strategic shake-up will reportedly lead the retailer to drop its food products and hampers, which are being viewed as "non-core" parts of its business, according to The Times.
However, this could reportedly see 70 jobs cut from Harvey Nichols' estimated 1,400 staff.
-
2 weeks ago | 
cosmeticsbusiness.com | Alessandro Carrara
By Alessandro Carrara | Published: 23-May-2025 The company said the issued bonds will “enhance Kering’s financial flexibility”, after it reported a lacklustre first quarter of trading in 2025 French conglomerate Kering is doubling down on its beauty division after it issued a €750m bond.
The owner of Gucci and Yves Saint Laurent issued the single-tranche bond, which it claimed has a 4.5-year maturity and a 3.125% coupon.
-
2 weeks ago | 
cosmeticsbusiness.com | Alessandro Carrara
L’Oréal-owned skin care brand Kiehl’s has claimed it is the first beauty brand to sponsor a stage at the Governors Ball Music Festival in New York.
The festival takes place between 6 June and 8 June at Flushing Meadows Corona Park in Queens, and will see the brand host a consumer-first activation centred around SPF.
The Kiehl’s SPF Remix Booth will also promote the brand’s Better Screen UV Serum, which is said to provide both protection and correction to skin.
-
2 weeks ago | 
cosmeticsbusiness.com | Alessandro Carrara
By Alessandro Carrara | Published: 22-May-2025 Tursian, which uses a deliberate choice of ingredients in its formulation, was also inspired by Swedaan’s late partner, Brandon Truaxe, the founder of Deciem You need to be a subscriber to read this article. Click here to find out more. For Tursian founder, Riyadh Swedaan, there were never going to be any half-measures in creating his new luxury skin care player.
-
2 weeks ago | 
cosmeticsbusiness.com | Alessandro Carrara
Chanel has reported a downturn in revenues for its 2024 financial year.
The luxury beauty and fragrance house reported revenues of US$18.7bn, down 4.3% compared with 2023.
Operating profit also slumped by 30% to $4,479m during the year.
The drop in income was attributed to “challenging macroeconomic conditions which had an impact on sales in some markets”, said Leena Nair, Global CEO for Chanel.
“As a 100-year brand, we expect ebbs and flows,” Nair added.
-
2 weeks ago | 
cosmeticsbusiness.com | Alessandro Carrara
Mergers and acquisitions (M&A) have always been an important part of the thriving beauty industry.
It is exciting to see which big players are eyeing which brands, and doubly so to see the often sky-high figures these beauty giants are willing to invest.
However, there has been a significant change in the rate of acquisitions in 2025, with the rate of M&As hitting a new low.
Something has clearly got the beauty industry seriously concerned this year.
