Boom – Page 2 – Beautifaire

20 Sep

Coty Inc. raised its full-year sales outlook because the fragrance effect shows no sign of slowing. The wonder company, which holds the fragrance licenses for myriad brands comparable to Gucci and Hugo Boss, said that within the 4 weeks because it released its latest quarterly earnings it has seen strong momentum in beauty demand across key markets and categories, particularly in prestige fragrances as Burberry Goddess sets latest market records. Consequently, Coty is now expecting core like-for-like sales growth of between 8 percent and 10 percent for fiscal 2024, up from its earlier guidance of 6 percent to eight percent. At the identical time, Coty lifted its adjusted EBITDA forecast to between about $1.08 billion and $1.09 billion, from a variety of $1.07...

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4 Aug

Brooklyn’s Beauty, Wellness Boom – WWD

by Beautifaire101

Beauty, Featured

On a balmy July evening, stylish beauty editors and influencers stepped out of their Ubers of their best outfits and asked friends and colleagues to film them entering the brand new Chanel Beauté store on North sixth Street in Williamsburg, the hipster haven-turned somewhat luxe neighborhood situated in north Brooklyn. Inside, they chatted loudly as servers handed out glasses of Champagne in between bottles of Chanel No 5 displayed in gold bird cages, partitions of fragrances and blown-up images of Chanel ambassador Timothée Chalamet. Every week later, bougie fragrance brand Byredo — of which Puig recently acquired a majority stake — hosted an identical soiree to toast the opening of its latest store, which happens to be round the corner to...

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15 Jul

Will Hollywood Strike Be a Boom or Bust for Fashion?

by Beautifaire101

Beauty, Featured

It’s the top of the red carpet — for now. The star-studded solid of “Oppenheimer” walked out early from the London premiere on Thursday night, as Hollywood went on strike at midnight in its biggest labor motion since 1960. The dressing credits still went out. Florence Pugh wore a fiery red Valentino gown, and Cillian Murphy a menacing-looking black suit, transparent shirt and bolo tie by Saint Laurent. But they could be the last celebrity red carpet dressing communiqués from luxury brands for some time. On Friday, actors joined writers in shutting down Hollywood with the unions taking motion against streaming services’ pay, the longer term use of AI in production and more. The strike means talent cannot walk the Venice and...

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23 Jun

Beauty Executives Talk Industry-wide Fragrance Boom – WWD

by Beautifaire101

Beauty, Featured

L’Oréal won big on the Fragrance Foundation Awards last Thursday. But at once within the fragrance category, there aren’t any losers. The category, which gained steam throughout the pandemic, shows no signs of slowing down. Based on Circana data, prestige fragrance sales grew 13 percent year-to-date through May, with brick-and-mortar sales growing 15 percent. Circana also expects sales to surpass $200 million for Father’s Day this 12 months. “The category is greater than alive and well,” said Linda Levy, president of the Fragrance Foundation, and the event’s hostess. “We're seeing that continuing — people will not be just after sex appeal, they’re about how they feel about themselves, and so they’re about wellness.” That consensus was shared by attendees. Amongst the large winners were...

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