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.
stores
Beauty
Why Drugstore Beauty Is Succeeding Everywhere Except the US
Within a crowded beauty market, US drugstores are struggling to compete — while their overseas counterparts continue to thrive. To regain relevance and bring success home, American chains must evolve.
Why Drugstore Beauty Is Succeeding Everywhere Except the US
Within a crowded beauty market, US drugstores are struggling to compete — while their overseas counterparts continue to thrive. To regain relevance and bring success home, American chains must evolve.
Beauty
How Do You Bounce Back After Backlash? Boy Smells Offers an Answer
The queer-founded fragrance label is opening its first-ever store, months after weathering negative chatter around its creative overhaul. Now, it’s ready to win core customers back — and reach new ones.
How Do You Bounce Back After Backlash? Boy Smells Offers an Answer
The queer-founded fragrance label is opening its first-ever store, months after weathering negative chatter around its creative overhaul. Now, it’s ready to win core customers back — and reach new ones.
Beauty
Estée Lauder Companies’ CEO Says Fragrance Is Key to its Turnaround
While the US beauty conglomerate unveils its first fragrance-focussed innovation centre in Paris, executives including CEO Stéphane de La Faverie outlined new opportunities for its luxury and prestige perfume portfolio, which spans brands like Tom Ford and Le Labo.
Estée Lauder Companies’ CEO Says Fragrance Is Key to its Turnaround
While the US beauty conglomerate unveils its first fragrance-focussed innovation centre in Paris, executives including CEO Stéphane de La Faverie outlined new opportunities for its luxury and prestige perfume portfolio, which spans brands like Tom Ford and Le Labo.
Beauty
How to Scale a Premium Skincare Brand
Beauty retailers excel at creating interactive, playful shopping experiences, but science-backed, pricey skincare brands looking to find growth must think outside the box.
How to Scale a Premium Skincare Brand
Beauty retailers excel at creating interactive, playful shopping experiences, but science-backed, pricey skincare brands looking to find growth must think outside the box.
Beauty
Custom Fragrance Maker Olfactory NYC Expands to Texas, Charts US Expansion
The personalised perfumery will open a store in Dallas’ upmarket West Village neighbourhood on Oct. 24, its ninth retail location, with more US openings slated to follow.
Custom Fragrance Maker Olfactory NYC Expands to Texas, Charts US Expansion
The personalised perfumery will open a store in Dallas’ upmarket West Village neighbourhood on Oct. 24, its ninth retail location, with more US openings slated to follow.
Partner Content
Elevating Physical Retail Strategies to Engage Brand Communities
Partnering with GGP, BoF explores how brands are reinvesting in retail to effectively communicate value to consumers and drive growth. In the third edition of this four-part series, BoF outlines key strategies for success — from training and empowering staff to creating meaningful, personalised in-store experiences and a sense of community.
Elevating Physical Retail Strategies to Engage Brand Communities
Partnering with GGP, BoF explores how brands are reinvesting in retail to effectively communicate value to consumers and drive growth. In the third edition of this four-part series, BoF outlines key strategies for success — from training and empowering staff to creating meaningful, personalised in-store experiences and a sense of community.
Beauty
Why Are There So Many Aesop Stores?
The Australian label has a location on seemingly every trendy street corner in major cities from New York to London to Tokyo, part of a global strategy to become the world’s neighbourhood apothecary.
Why Are There So Many Aesop Stores?
The Australian label has a location on seemingly every trendy street corner in major cities from New York to London to Tokyo, part of a global strategy to become the world’s neighbourhood apothecary.
Beauty
Cos Bar Acquired by Private Investment Firm
The high-end specialty retailer has been acquired by US investment firm the Mitchell Family Office, founded by the serial healthcare entrepreneur Mark Mitchell.
Cos Bar Acquired by Private Investment Firm
The high-end specialty retailer has been acquired by US investment firm the Mitchell Family Office, founded by the serial healthcare entrepreneur Mark Mitchell.
Beauty
The Truth About Violet Grey’s Acquisition Plans
Chief executive Sherif Guirgis set the record straight about the company’s acquisitions, and shared his growth plans with The Business of Beauty exclusively.
The Truth About Violet Grey’s Acquisition Plans
Chief executive Sherif Guirgis set the record straight about the company’s acquisitions, and shared his growth plans with The Business of Beauty exclusively.
Retail
The Great Fashion Reset | The Future of Multi-Brand Retail
As major luxury retailers from Saks to Ssense struggle, independent boutiques are making a comeback.
The Great Fashion Reset | The Future of Multi-Brand Retail
As major luxury retailers from Saks to Ssense struggle, independent boutiques are making a comeback.
Beauty
Revlon’s Turnaround Plan Starts With Its Oldest Brand
Two years after emerging from bankruptcy, one of America’s first beauty conglomerates, Revlon, is looking to the future starting, with the past. Beginning with Elizabeth Arden, the company hopes to regain its former shine.
Revlon’s Turnaround Plan Starts With Its Oldest Brand
Two years after emerging from bankruptcy, one of America’s first beauty conglomerates, Revlon, is looking to the future starting, with the past. Beginning with Elizabeth Arden, the company hopes to regain its former shine.
Beauty
Ulta Beauty CEO Details Mexico Store Locations, Brands
The retailer announced that it will open locations in Guadalajara, León, Tijuana and Monterrey with over 300 brands. 35 of those names, including Half Magic, Snif and a host of K-beauty brands, will be new to the market.
Ulta Beauty CEO Details Mexico Store Locations, Brands
The retailer announced that it will open locations in Guadalajara, León, Tijuana and Monterrey with over 300 brands. 35 of those names, including Half Magic, Snif and a host of K-beauty brands, will be new to the market.
The News in Brief
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.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.
Zimmermann Names Roberto Eggs CEO
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.