increase – Beautifaire

19 Oct

L’Oréal Sales Increase 4.5 Percent in Third-quarter 2023 –

Updated Oct. 19 4:10 p.m. PARIS – L’Oréal’s third-quarter sales grew 4.5 percent in reported terms, dampened by travel retail Asia, but bolstered by business within the group’s Dermatological Beauty and Consumer Products divisions. Total sales for the maker of Lancôme, Kiehl’s and CeraVe products within the three months ended Sept. 30 got here to 10 billion euros, up 11.1 percent on a like-for-like basis, consistent with analysts’ consensus. “Being in line just isn't something we often write about L’Oréal,” wrote Bruno Monteyne, a Bernstein analyst in a note Thursday evening, after the Paris bourse closed and L’Oréal published its results. Monteyne highlighted how L’Oréal’s travel retail business dragged the group’s sales in North Asia down sequentially from plus 5.9 percent within the second...

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26 May

Zadig & Voltaire’s Latest North American CEO Kristen Sosa

by Beauty Tips

Fashion, Featured

Since assuming the reins as North American chief executive officer of Zadig & Voltaire, Kristen Sosa’s top priorities are to expand the brand’s retail footprint, increase its accessories business, and lift overall awareness of the Paris-based brand. A 28-year industry veteran, Sosa spent 23 years at Saks Fifth Avenue, rising to executive vice chairman and chief merchant for Gilt Groupe and Saks Off Fifth and was senior vice chairman, merchandising and digital for the full-line side. She later joined Olivela as chief merchant and senior adviser and became president, Americas at Marc Jacobs. After doing a little consulting, Sosa realized that she enjoyed all points of being at a brand. “I missed running a business and...

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20 Apr

Zegna Revenues Increase 13.4 Percent With Broad-based Strength

by Beautifaire101

Beauty, Featured

Zegna Revenues Increase 13.4 Percent With Broad-based Strength

Ermenegildo Zegna Group carried its momentum from last 12 months into the primary quarter, when revenues advanced 13.4 percent 428.3 million euros. The strength was broad-based across the Zegna and Thom Browne businesses. And excluding the impact of Tom Ford — where the corporate transitioned from a licensing deal to an exclusive supplier agreement — the firm’s first-quarter revenues increased 19.1 percent. Chairman and chief executive officer Gildo Zegna said: “We began 2023 with an encouraging upswing led by further reopening within the Greater China Region following COVID-19-related restrictions. We also saw robust growth across our business in the US and Europe driven by our own retail. For Zegna, growth was driven by a healthy increase in productivity, which is one in...

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12 Apr

Rent the Runway Targets 25% Increase in Lively Subscribers

by Beauty Tips

Fashion, Featured

Rent the Runway Targets 25% Increase in Lively Subscribers

Jennifer Hyman has been busy at Rent the Runway Inc., cutting costs, refinancing debt and, finally, sweetening the service. Now the payoff might just be starting to return with some signs of traction in the corporate’s fourth-quarter update. “The main headline for 2022 is just, we made Rent the Runway a financially stronger business,” Hyman, chief executive officer and cofounder, told WWD. “We’re at a degree now where our gross margins are healthy, our cost structure is right-sized, inventory acquisition is efficient, and 2023 is the yr where we're going to make significant progress towards profitability.” Fashion rental service ended its fiscal yr on Jan. 31 with 126,712 energetic subscribers, a ten percent annual increase. But Hyman and the corporate need to grow much...

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