Surge – Beautifaire

11 Aug

Stock Surge: Luxury stocks surged Thursday on the Paris bourse after China lifted its long-standing travel ban on group tours to greater than 70 locations, with immediate effect. The increases were led by LVMH Moët Hennessy Louis Vuitton, whose stock closed the day up 3.4 percent to 834.70 euros, while Hermès International’s stock rose 3.2 percent to 1,960.20 euros. China’s Ministry of Culture and Tourism said Thursday it had ended its ban on group tours to 78 locations within the Asia-Pacific region, Europe, North America and Africa, three years after it was instigated to stem the spread of the coronavirus, in early 2020. Chinese travelers can now visit the U.S., Japan, South Korea, the U.K., German and Australia, amongst other locales. Beijing dropped its...

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20 Jul

Oddity Shares Surge 35 Percent in Its Stock Market

by Beautifaire101

Beauty, Featured

In an indication that the IPO market might be warming up, Oddity, the parent company of Il Makiage and SpoiledChild, has gone public, with investors diving into the stock. Shares in the corporate, which is trading on the Nasdaq Global Market under the ticker “ODD,” closed up 35 percent, or $12.53, to $47.54, valuing the corporate at about $2.7 billion. On Tuesday Oddity revealed that it had priced its IPO at $35 a share, above expectations. Originally it had targeted ranges of $27 to $30 and on Monday said it was targeting $32 to $35. In an interview, the corporate’s global chief financial officer Lindsay Drucker Mann put its success right down to its digital prowess. “We’ve unlocked online,” she said. “You have got...

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1 Feb

E.l.f. Beauty Raises Full-year Forecast as Sales Surge –

by Beautifaire101

Beauty, Featured

E.l.f. Beauty ended last 12 months with a bang, ringing in its sixteenth consecutive quarter of sales growth and enabling it to once more raise its full-year outlook. While the U.S.’s uncertain economic backdrop could also be weighing on some, especially within the prestige sector, the Oakland, California-based mass beauty company saw double-digit sales growth across all key categories. Net sales gained 49 percent year-over-year to hit $146.5 million in E.l.f.’s third quarter ending Dec. 31. Analysts polled by Factset had forecast sales of $137 million. Because of this, E.l.f. updated its outlook for fiscal 2023 to reflect an expected 38 to 39 percent year-over-year increase in net sales, as in comparison with an expected 22 to 24 percent year-over-year increase previously. Net income...

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25 Jan

Brad Pitt Cashmere Sales Surge as His Brand Plots

by Beauty Tips

Fashion, Featured

“It’s almost an affliction, it’s got to be quality,” Brad Pitt told WWD of his approach to God’s True Cashmere, the feel-good luxury label he cofounded along with his friend and holistic healer, Sat Hari. The brand’s gender-neutral, two-pocket cashmere work shirts in solids and tartans, with handcrafted snap buttons constructed from healing stones like emeralds for health and wealth; lapis lazuli for wisdom and truth, and labradorite for balance and protection are the most recent cult casual-luxe item to return out of Los Angeles. Soft like a hug (a hug from Brad Pitt, no less), the $2,000-plus shirts are being snapped up by in-the-know shoppers in stores from Serenella in Boston to Boon the Shop in Seoul. 4 years in, God’s...

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