Luxury goods giant LVMH is exploring a sale of its 50 percent stake in Fenty Beauty, which it co-owns with Grammy Award-winning singer and entrepreneur Rihanna, sources told Reuters. The company is working with investment bank Read More
L’Oréal would welcome gaining access to the Gucci beauty licence earlier than 2028, CEO Nicolas Hieronimus said on Friday, adding that the issue was being discussed between Gucci-owner Kering and current licence holder Coty. Read More
Unilever Plc posted better-than-expected sales at the end of last year, boosted by premium beauty and home care products in key emerging markets including India and China. The maker of Dove soap said Thursday underlying Read More
Chipmaker Nvidia’s earnings aren’t normally the biggest story in luxury. But this week, concerns about an AI bubble have reached a boil — with big implications for the key US market, whose resilience has Read More
Estée Lauder sued Walmart in California federal court on Monday, accusing the retail giant of selling knockoffs of Estée Lauder fragrance and skin care brands including Clinique, Tom Ford and Le Labo. EstéRead More
Investment firm KKR is preparing OPI nail polish owner Wella Company for an initial public offering in the U.S. as soon as this year that could value the global beauty company at meaningfully more Read More
Shiseido Co. said it expects to return to operating profit this year after posting its first loss in decades in 2025 due to a writedown of the Drunk Elephant brand. The cosmetics and beauty company forecasts Read More
Véronique Courtois is the new head of LVMH’s beauty division, replacing Stéphane Rinderknech, the company announced on Monday. Courtois has worked at LVMH since 2000 in a range of beauty roles, including chief Read More