Rinascente on Track to Hit 1B Euro in Sales,

2 Dec

MILAN — Officially kicking off the vacation season with one of the expansive brand takeovers the department store has ever orchestrated, Rinascente is on target to hit the 1 billion euro sales mark this yr, breaking the previous record. The retailer’s jewel-in-the-crown location overlooking the Duomo cathedral in Milan unveiled Chanel Wonderland Thursday night, a takeover of the French maison that runs through Jan. 4. “This move is the apotheosis of our strategy as a media company,” Rinascente chief executive officer Pierluigi Cocchini told WWD ahead of the inauguration. “It’s interesting that an organization like Chanel — one of the evocative and reputable brands on the planet — has decided to partner with Rinascente Duomo on a Christmas takeover, an important moment for them,”...

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28 Sep

Layoffs Hit Rodan + Fields – WWD

by Beautifaire101

Beauty, Featured

The wonder industry job cuts in California proceed. After Proactiv parent company Alchemee cut 89 jobs, one other WARN notice filed within the state of California revealed 76 layoffs have been made at Rodan + Fields’ Bay Area office. The antiaging skincare line was began by Proactiv founders and practicing dermatologists Dr. Katie Rodan and Dr. Kathy Fields in 2000. It was acquired by The Estée Lauder Cos., but repurchased by Rodan and Fields in 2007 and relaunched the next 12 months with a direct-sales model, constructing a network of independent consultants to sell products. Within the spring of 2018, TPG made a strategic minority investment in Rodan + Fields. A spokesperson said: “Rodan + Fields has made some organizational changes to optimize the corporate’s...

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13 Sep

Celebs Hit Front Rows at LaQuan Smith and Tory

by Beautifaire101

Beauty, Featured

Celeb Support: LaQuan Smith held his runway show at Lower East Side venue Skylight at Essex Crossing on Monday night, drawing a front row that included musicians — Babyface, Mary J. Blige, Fabolous, Summer Walker, and Saweetie — together with actors like Laverne Cox, Leyna Bloom, Quinta Brunson and Yvonne Orji, and model Coco Rocha. “I used to be actually at one in every of his first fashion shows,” Saweetie said of her support for the designer. “But once I was at his [early] shows, I used to be standing, not sitting. I’ve evolved in the style world, I do know that’s right.” The Grammy-nominated rapper was wearing one in every of Smith’s designs, a red sequined gown with a midriff cutout. “I like...

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22 Aug

It Was Each Hit and Miss for Coty in

by Beautifaire101

Beauty, Featured

Coty Inc. delivered on the highest line, but not on profit in the ultimate quarter of its 2023 fiscal yr. The wonder company, whose brands include Kylie Cosmetics, Lancaster and CoverGirl, reported net revenue of $1.4 billion in its fourth quarter ended June 30, up 16 percent year-over-year. Analysts had been expecting around $1.3 billion. Net income was $29.6 million, compared with a net lack of $286 million within the prior yr. Adjusted EPS of 1 cent improved from a lack of 1 cent within the prior yr, but got here in below Wall Street predictions for two cents. The prestige segment led through the quarter, with each reported and like-for-like sales growth of 21 percent versus the prior yr. Consumer beauty revenue rose...

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