THG could see major board-level changes as the online beauty and technology group continues to see its performance struggle. The structure of board will be a “prime focus” of “detailed scrutiny”, its new chair has said.
Cosmetics maker Coty Inc raised its full-year profit outlook on resilient demand for its high-end fragrances and skincare products even at a time inflation in most countries has soared to multi-year highs.
Luxury e-commerce company Revolve Group Inc. announced on Tuesday a 58% sales surge for the first quarter ending March 31, on the back of double-digit growth in new active customers for the three months.
Estee Lauder Cos Inc cut its full-year profit forecast on Tuesday as fresh COVID-19 curbs in China and the suspension of operations in Russia following the invasion of Ukraine dent the cosmetics maker's sales.
The brand, owned by influencer Jeanne Damas, is upgrading its beauty line. Its renewed identity includes a new name and logo independent of its main ready-to-wear line and will launch its first palette on May 8.
Unilever’s Q1 results on Thursday saw the multinational fast-moving consumer goods firm turning in a strong sales rise, although that was down to price rises with volume sales actually dipping slightly.
Indian conglomerate Reliance Industries Ltd and U.S. buyout firm Apollo Global Management are planning a joint bid for UK high street pharmacy chain Boots, a spokesperson for Apollo confirmed on Wednesday.