
Articles
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6 days ago |
wwd.com | Kathryn Hopkins
She may only be three months into the top job at Ulta Beauty, but chief executive officer Kecia Steelman is quickly garnering a reputation in the industry as a fast, intentional and strategic decision maker, who has wasted no time making her mark on the retailer.
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6 days ago |
wwd.com | Kathryn Hopkins
The fragrance effect was alive and well at Coty in 2024, although its most recent set of earnings showed this was not enough to offset pressures from weak demand in Asia and tight inventory in the U.S. in the latter part of the calendar year, weighing on numbers. The beauty company continued to double down on fragrance, which has been a key driver of growth.
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6 days ago |
wwd.com | Kathryn Hopkins
Continued economic and geo-political headwinds, particularly in China, weighed on results for Procter & Gamble's beauty activity last year. On an organic basis, the firm's beauty business delivered sales growth of 2%, with slight gains across most brands and geographies. P&G's global hair care portfolio grew organic sales by mid-single digits, with all regions contributing to these results except China. Pantene and Herbal Essences both delivered high-single digit growth.
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6 days ago |
wwd.com | Kathryn Hopkins
With a C-suite shuffle, thousands of layoffs, an Amazon U-turn and a disappearing outlook, it was a wild ride in 2024 for the Estée Lauder Cos.
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6 days ago |
wwd.com | Kathryn Hopkins
Cutting ties? It's no secret that several strategics are assessing their portfolios at a pace not seen before as demand for foreign beauty products fails to bounce back in Asia and signs of a slowdown in the U.S. emerge. Most talked about is the Estée Lauder Cos. tapping consultancy Evercore to review its portfolio and speculation continues that its hair offering (Bumble and bumble and Aveda) or California brands (Smashbox, Glamglow and Too Faced) could be targets.
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