Danone Acquires Protein Drinks Maker Huel in €1 Billion Deal
Huel, which counts actor Idris Elba and TV presenter Jonathan Ross among its investors, has agreed to be acquired by the French consumer goods group in a deal worth about $1.2 billion.
Bolingbrook, United States
Retail
Ulta's Fourth-Quarter Sales Beat Estimates
The cosmetics company's net income rose to $222.7 million as shoppers spent more at its stores during the holiday season.
Ulta's Fourth-Quarter Sales Beat Estimates
The cosmetics company's net income rose to $222.7 million as shoppers spent more at its stores during the holiday season.
Beauty
Ulta Beauty Profits Driven By High-Margin Cosmetic Sales
Booming demand for celebrity-led beauty brands has helped grow in-store transactions.
Ulta Beauty Profits Driven By High-Margin Cosmetic Sales
Booming demand for celebrity-led beauty brands has helped grow in-store transactions.
Beauty
Former Ulta Employee Tweet Leads to 18-State Lawsuit
The case grew out of a viral tweet claiming that returned merchandise was repackaged or resealed and put it back on the shelf for sale.
Former Ulta Employee Tweet Leads to 18-State Lawsuit
The case grew out of a viral tweet claiming that returned merchandise was repackaged or resealed and put it back on the shelf for sale.
Beauty
Ulta Beauty Fades as Growth Story Seen Showing Cracks
Competition from elsewhere, including from LVMH's Sephora and Macy's Bluemercury, has limited much of Ulta's growth.
Ulta Beauty Fades as Growth Story Seen Showing Cracks
Competition from elsewhere, including from LVMH's Sephora and Macy's Bluemercury, has limited much of Ulta's growth.
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Beauty
Ulta Shines as Rare Bright Spot in Retail as Makeup Demand Soars
Shares of the company surged 38 percent last year, about four times higher than the Standard & Poor’s 500 Index’s gain.
Ulta Shines as Rare Bright Spot in Retail as Makeup Demand Soars
Shares of the company surged 38 percent last year, about four times higher than the Standard & Poor’s 500 Index’s gain.
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The News in Brief
Qatar Investment Authority Eyes 10% Stake in Golden Goose
Qatar’s sovereign wealth fund is preparing to buy a stake in Italian sneaker maker Golden Goose, Corriere della Sera reported Saturday.
Retailers Push UK to Join US and EU Ending Shein Parcel Loophole
British retailers are pushing the UK government to end a tax loophole that has helped online giants Shein and Temu make significant inroads and gain market share.
Exclusive: Deciem to Relaunch The Chemistry Brand
The Estée Lauder-owned beauty company and The Ordinary parent will relaunch one of its original brands as it moves to rekindle its reputation for incubation.
De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.