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19 Jul

Sephora Plans China Management Reshuffle, In accordance with Sources

by Beautifaire101
Beauty, Featured
Sephora Plans China Management Reshuffle, In accordance with Sources
Sephora, the LVMH Moët Hennessy Louis Vuitton-owned cosmetics retailer, is scouting for a recent leader for China to spur growth and higher serve well-heeled customers. In accordance with Bloomberg sources, the management reshuffle will occur as soon as this yr. The corporate’s managing director for Great China has been Maggie Chan since 2018. A spokesperson for Sephora declined to comment. In accordance with industry sources, Sephora sped past the 12 billion-euro sales mark in 2022 and is on pace to realize its goal of 20 billion euros over the approaching years. Sephora is well-positioned to capture growth opportunities within the China market as shoppers begin to prioritize in-store shopping experiences post-COVID-19. In accordance with Euromonitor, in 2022, China’s beauty and private care market fell 6.4...
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18 Jul

Coty to Sell 3.6% of Wella Stake to IGF

by Beautifaire101
Beauty, Featured
Coty to Sell 3.6% of Wella Stake to IGF
PARIS – As Coty Inc. continues to deleverage, it has agreed to sell $150 million of its stake in hair care giant Wella. Coty said Tuesday that it expects to sell a 3.6 percent stake within the skilled hair care brand to investment firm IGF Wealth Management, with the money proceeds for use to pay down debt. Coty reiterated its commitment to divest its remaining 22.3 percent stake in Wella by 2025. The group said that the $150 million reflects a 4 percent premium to the book value of Wella as of March 31. The deal is predicted to shut in the subsequent two months. “Today’s announcement is a milestone for Coty, because the partial monetization of our Wella stake reinforces the strength of...
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21 Jun

Bottega Veneta Girds Management in China

by Beauty Tips
Fashion, Featured
Bottega Veneta Girds Management in China
MILAN – Bottega Veneta is restructuring its organization and is promoting Dario Gargiulo to chief executive officer of Greater China to raise the brand positioning and client experience within the region. Gargiulo is currently chief marketing and digital business officer. He joined Bottega Veneta in 2018 as CMO after a three-year stint at Diesel. Before that, he worked for 12 years at Heineken in various marketing positions in Italy, the Netherlands and Brazil. Samuel Diep, currently chief merchandising officer, who joined Bottega Veneta in 2020, has been promoted to chief merchandising and marketing officer, tasked with further strengthening the alignment between product and brand strategies. Prior to joining Bottega Veneta, Diep led the merchandising team in China for Celine since 2019. Before that,...
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27 Apr

Ted Baker Management Exits as Authentic Inks Recent Deals

by Beauty Tips
Fashion, Featured
Ted Baker Management Exits as Authentic Inks Recent Deals
LONDON — Authentic Brands Group said Thursday it has inked long-term strategic deals with two recent operating partners, PDS Group and AARC, to run the Ted Baker brand within the U.K. and Europe. PDS, a design-led fashion sourcing and manufacturing platform, will grow to be a “core licensee and operating partner” for Ted Baker through a worldwide subsidiary, Authentic said. It is going to serve because the “global hub” for the newly established Ted Baker Design Group and tackle design and merchandising functions for the brand. It is going to be positioned at Ted Baker’s current London headquarters at 101 Cleveland Street in London, and oversee all design, development and product innovation. Ted Baker’s global distribution partners will purchase the brand’s core categories...
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