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4 May

Henkel Finalizes Sale of Russia Business Unit – WWD

Henkel Finalizes Sale of Russia Business Unit – WWD
PARIS – Henkel AG has finalized the sale of its business activities in Russia to a consortium of local financial investors for 54 billion rubles, or $689.6 million, the group said Thursday. The German maker of Schwarzkopf, Dial and Diadermine products had announced on April 20  its signing of an agreement to sell that activity, following Russia’s attack on Ukraine. Also on Thursday, the Düsseldorf-based group reported first-quarter sales of 5.6 billion euros, up 6.4 percent on a reported basis and 6.6. percent in organic terms. The organic growth beat financial analysts’ consensus of 4.3 percent. “That’s a superb beat in itself, but is the bottom organic growth – even for consumer alone – and the smallest beat within the sector,” wrote Bruno Monteyne,...
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1 May

Profit Cosmetics’ Friends and Family Sale 2023 Is Kicking

Profit Cosmetics’ Friends and Family Sale 2023 Is Kicking
When you need an indication to replenish your makeup bag for summer, that is it. As you read, Profit Cosmetics' Friends and Family Sale is just starting, and these deals are good — like, 30% off sitewide and free shipping good. No need to wash your glasses or investigate cross-check your vision, since you absolutely read that right.The brand's Friends and Family sale is currently scheduled to run from now, May 1 through May 5so you will have the ability to enjoy five glorious days of savings — just make sure that you shop sooner reasonably than later so you'll be able to grab your favorites before anything sells out, especially within the brand's beloved brow category. But, seriously, when's...
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1 May

Karl for Sale at The Met, Tod’s L.A. Celebration,

Karl for Sale at The Met, Tod’s L.A. Celebration,
THE KARL ECONOMY: Who wouldn’t need a Karl Lagerfeld cardholder? As The Metropolitan Museum of Art’s Costume Institute prepares to unveil its spring 2023 exhibition, “Karl Lagerfeld: A Line of Beauty,” The Met Store is stocking up with a sundry list of things inspired by the late designer. Web shoppers and in-store ones will find the white ponytailed designer’s likeness stamped on all types of merchandise. They also can pick from some co-branded memorabilia that has been created with Chanel, Fendi and the Karl Lagerfeld brand. As of Monday — days before the show’s May 5 official public opening — shoppers can get first dibs on keepsakes like a $186 Karl Lagerfeld Kokeshi doll and a Chanel silk scarf with one in...
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22 Apr

Skin Care Brand Naturium Said Considering Sale, Investment Options

Skin Care Brand Naturium Said Considering Sale, Investment Options
Naturium’s owners are evaluating the brand’s deal options, in accordance with industry sources. The botanical-oriented masstige skincare brand is an element of The Center, founded by Ben Bennett in 2020, and is within the very early stages of working with investment bank Raymond James to contemplate its options, sources told WWD. Naturium sales are said to be around $70 million. Each The Center and Raymond James didn't reply to request for comment. Along with incubating Naturium, The Center acquired Make Beauty in 2021 and fragrance line Phlur in 2021. Last yr, it launched Saltaire, a private care brand created in collaboration with Iskra Lawrence, the U.S.-based British model and influencer. In 2021, The Center received a $15 million minority investment from Prelude Growth Partners. On the time...
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