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24 Apr

The Body Shop’s French Subsidiary Enters Into Administration

The Body Shop’s French Subsidiary Enters Into Administration
PARIS — The Body Shop’s French subsidiary entered into administration Thursday, in what's the most recent in a run of bad news for the ailing beauty retailer.  The Body Shop’s administration process is the results of a toxic combination of overexpansion and underinvestment by past owners, and fierce competition in the wonder market.  It's also a part of a wider restructuring on the a part of Aurelius, the private equity concern that acquired The Body Shop from Brazil-based Natura & Co. in mid-November 2023. The deal valued the retailer at 207 million kilos. The Body Shop had been a trailblazing sustainable beauty brand with a purpose after it began within the ’70s, and its unraveling has had far-reaching effects. In France, The Body Shop filed for bankruptcy with the...
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12 Jun

Santa Maria Novella Expands Fragrance Line, Opens Shops in

Santa Maria Novella Expands Fragrance Line, Opens Shops in
MILAN — Officina Profumo-Farmaceutica di Santa Maria Novella is expanding its eau de parfum offering with three latest fragrances, dubbed “Bizzarria,” “Magnolia” and “Gelsomino.” As reported, the Florentine apothecary launched its first EDP in its 800-year history last yr with “L’Iris,” a scent intended to rejoice its roots by picking as fundamental ingredient the lily, the symbol of the Tuscan city. The brand’s chief executive officer Gian Luca Perris said the launch was among the many fundamental drivers of the firm’s acceleration in 2022, when sales climbed 56 percent to 46 million euros in comparison with the previous yr. Such a performance is contributing to Perris’ optimism concerning the latest additions as well, which were already planned and add to the olfactory collection titled...
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