Raises – Page 2 – Beautifaire

9 Dec

Stella McCartney Raises the Bar on Clean Beauty With

LONDON — After 16 years, Stella McCartney is taking one other run at beauty with the launch of a clean skincare line called Stella, created in close collaboration along with her minority partners LVMH Moët Hennessy Louis Vuitton. True to McCartney’s minimalist mantra, the brand is launching with just three products: a cleanser, serum and cream. The brand new line is an ambitious project that desires to tick as many eco-boxes as possible, with the fewest variety of products and ingredients. “I'm not that one who desires to buy into one million products for various areas of my face. I don’t want all of that stuff in my life,” said McCartney. “I need less, and I need it to work. I need it to be...

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30 Nov

Coty Raises Revenue Forecast, Cancels Sale of Partial Wella

by Beautifaire101

Beauty, Featured

Coty Raises Revenue Forecast, Cancels Sale of Partial Wella

Coty Inc. has lifted its full-year revenue forecast because the fragrance effect shows no sign of abating, concurrently it revealed it has canceled the sale of a part of its Wella stake. Buoyed by sales of the likes of Burberry Goddess, Burberry Her and Gucci Flora, the sweetness company now expects full-year like-for-like revenue growth of between 9 percent and 11 percent, ahead of its recently raised guidance of 8 percent to 10 percent. It continues to focus on adjusted earnings per share of between 44 cents and 47 cents for the 12 months as a complete, implying growth of as much as 25 percent. “This demonstrates the strength of our strategy and the strength of our portfolio,” said chief executive officer Sue...

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30 Nov

Innerskin Aesthetic Clinic Raises 5 Million Euros to Speed

by Beautifaire101

Beauty, Featured

Innerskin Aesthetic Clinic Raises 5 Million Euros to Speed

PARIS — Innerskin aesthetic clinic has raised 5 million euros to assist speed up its growth. The fundraising was led by Label Capital — which was founded by Véronique Morali, Eléonore Oudea and Gaspard de Sarnez — alongside strategic co-investors, including CF Partners, the Carle family office, and existing investors. Chrystelle Eid identified a white space, then launched Innerskin in 2022. “Aesthetic medicine is a booming market, and there’s an enormous unfulfilled demand,” said the chief, who formerly worked in finance. “I saw how consumers are increasingly on the lookout for technology-based services, and there’s not much offering in Europe.” What there is usually lags behind the offer within the U.S. and Asia. Eid’s parents are each aesthetic doctors. “So I knew the market thoroughly,”...

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26 Nov

Saks Parent HBC Raises $340M Through ‘Real Estate Monetizations’

by Beautifaire101

Beauty, Featured

Saks Parent HBC Raises 0M Through ‘Real Estate Monetizations’

HBC has used its property savvy to secure one other $340 million in money that could be used to bolster its retail operations — and chief executive officer Richard Baker can also be using the sale as a possibility to underscore his company’s real estate backbone. “HBC is a holding company,” Baker told WWD in what become a Sunday explainer on his business empire. “Our largest business is our real estate business. Everyone seems to have forgotten that I used to be an actual estate guy, still am, and that HBC is primarily an actual estate company. We own $7 billion value of real estate. “We recurrently monetize, on a pre-organized campaign, our real estate assets,” he said. “We have now a...

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