May 25, 2023 – Page 2

25 May

Ulta Beauty’s Rapid Sales Growth Begins to Moderate –

Ulta Beauty’s stock price dipped as much as 10 percent in after-market trading Thursday as its period of rapid sales growth began to moderate. Net sales increased 12.3 percent to $2.6 billion in the primary quarter of fiscal 2023, in comparison with $2.3 billion in the identical period last yr and a touch below analysts’ predictions of $2.62 billion. Comparable sales, which include stores open at the least 14 months and e-commerce sales, increased 9.3 percent in comparison with a rise of 18 percent in the primary quarter of fiscal 2022. “We entered 2023 anticipating that the unprecedented growth in the wonder category would moderate and that the promotional environment would increase,” said chief financial officer Scott Settersten during a call with analysts....

0 Comments

25 May

Permira Acquiring Majority Stake in Gruppo Florence

by Beauty Tips

Fashion, Featured

Permira Acquiring Majority Stake in Gruppo Florence

MILAN — Private equity firm Permira is acquiring a majority stake in Gruppo Florence from existing shareholders VAM Investments, Fondo Italiano d’Investimento, Italmobiliare, and Gruppo Florence’s entrepreneurs. The entrepreneurs, the management team and VAM Investments will reinvest a good portion of their proceeds and can remain committed to the project. Fondo Italiano d’Investimento may also retain a minority stake. Attila Kiss will proceed to guide Gruppo Florence as chief executive officer and Francesco Trapani will retain his role as chairman. Financial terms of the deal weren't disclosed. As reported, speculation a few possible Permira interest in Gruppo Florence had been circulating for months. “Our industrial project involves significant investments in training, revolutionary digital tools, research on sustainable production processes, and qualified management for...

0 Comments

25 May

Bridal Bliss: Sevetri And Aulston’s NOLA Wedding Had …

by Beauty Tips

Makeup, Featured

Bridal Bliss: Sevetri And Aulston’s NOLA Wedding Had …

When Sevetri met Aulston in Latest Orleans in 2019, they were each within the technique of starting over. He had recently returned to his native city after living in Latest York City for 17 years. During that point, he was actually featured in ESSENCE’s “Single Man of the Month” column within the July 2012 issue, and by the point he returned to his roots in Nawlins, not much had modified in regard to his relationship status. As for Sevetri, she was doing the alternative — preparing to go away NOLA to live in Latest York City full time. Each parties were starting recent chapters of their lives once they were introduced through a mutual friend at Jazz Fest, but they...

0 Comments

25 May

Daseul Choi Wins Polimoda Competition Think Bag, in Collaboration

by Beauty Tips

Fashion, Featured

Daseul Choi Wins Polimoda Competition Think Bag, in Collaboration

CELEBRATING BAGS: The ultimate event of the Think Bag competition, sponsored by Leather & Luxury magazine and the Florentine leather goods company Loipell, was held Wednesday in Florence on the Villa Favard campus. The competition involved the scholars of the master in bag design on the Florence-based fashion and design institute Polimoda. On this occasion, the Choi Bag by the Korean student Daseul Choi was named the winner of the project. Choi designed a bag with delicate shapes and an progressive design, in black nappa leather with a steel handle. “For this project I combined my experience in fabrics with a passion for leather and patterns,” said the young designer. “The geometric overlaps of the handle of my bag recall the...

0 Comments