Raises – Page 5 – Beautifaire

2 Aug

E.l.f. Beats Wall Street Estimates, Raises Full-year Forecasts –

E.l.f. Beauty began fiscal 2024 with a bang. The Oakland, California-based beauty company, whose brands include Well People and Soulcare in addition to its namesake cosmetics and skincare lines, once more blew through Wall Street estimates on each the highest and bottom lines, allowing it to lift its full-year forecasts. Net sales increased 76 percent to $216.3 million for the three months ended June 30, compared with $122.6 million a 12 months earlier, primarily driven by strength in each retailer and e-commerce channels. Analysts polled by Factset had on average penciled in sales to are available in at $206 million. “This marks our 18th consecutive quarter of delivering each net sales growth and market share gains. We're one in all only five publicly traded...

0 Comments

16 Jul

Bread Beauty Supply Raises Seed Funding Round – WWD

by Beautifaire101

Beauty, Featured

Bread Beauty Supply Raises Seed Funding Round – WWD

Hair care line Bread Beauty Supply has raised a multimillion-dollar seed funding round, led by Fearless Fund, a enterprise capital fund focused on supporting women of color entrepreneurs. Terms of the deal weren't disclosed. Bread, which offers a variety of fresh products specifically designed for textured and curly hair, was launched three years ago by Maeva Heim, a Black Australian woman and sweetness industry veteran who struggled to search out brands that resonated together with her when she transitioned from relaxed to natural hair. The brand launched on sephora.com and by itself website, BreadBeautySupply.com, with three stock keeping units. Currently it has eight skus including Hair Cream, $28; Macadamia Oil, $28, and Mud Mask, $34, and is offered in a variety of...

0 Comments

6 Jul

Coty Raises Q4 and FY 2023 Guidance – WWD

by Beautifaire101

Beauty, Featured

Coty Raises Q4 and FY 2023 Guidance – WWD

PARIS – Coty Inc. raised its fourth-quarter and full-year 2023 guidance throughout the group’s first investor conference in Paris on Thursday. It significantly increased the corporate’s financial outlook for the remaining of this yr, and got down to detail how Coty is leveraging its European heritage and end-to-end capabilities to realize strong and balanced growth. The group raised its guidance to 12 percent to fifteen percent sales growth on a like-for-like basis for the fourth quarter. Coty has also, for the third time this yr, increased its profit outlook for full-year 2023, when it expects now to succeed in adjusted EBITDA of $965 million to $970 million, against the previous guidance of $955 million to $965 million, despite incurring near $70 million...

0 Comments

26 Jun

Casablanca Raises Recent Funds, Names Frederick Lukoff CEO

by Beauty Tips

Fashion, Featured

Casablanca Raises Recent Funds, Names Frederick Lukoff CEO

LONDON — Following a fresh round of investment, Casablanca has named the longtime fashion and luxury executive Frederick Lukoff chief executive officer to work alongside founder and inventive director Charaf Tajer. An announcement is anticipated Monday. Lukoff was most recently head of Scotch & Soda, the Amsterdam-based fashion brand, and before that served as president and CEO of Stella McCartney for a decade when the corporate was part-owned by Kering. Prior to Stella McCartney, Lukoff held senior roles at Lanvin; Paco Rabanne, and Courrèges. He began his profession at Apple and Cisco Systems. “Frederick has worked with legends whom I even have at all times looked as much as, namely André Courrèges, and Alber Elbaz,” said Tajer, adding that his latest CEO had a...

0 Comments