Business & financial

Edgewell Personal Care reports modest growth in FY2024

Edgewell Personal Care reports modest growth in FY2024

By Cassandra Stern

Edgewell Personal Care Company has reported steady financial growth for FY2024, with net sales reaching $2.25 billion—a slight increase over the prior year—while setting an optimistic outlook for FY2025, driven by a strengthened business model,...

P&G reports mixed performance in Q1 FY25 results

P&G reports mixed performance in Q1 FY25 results

By Cassandra Stern

Procter & Gamble’s fiscal 2025 first-quarter results reveal steady growth in organic sales, up 2% due to price increases and innovation. However, the beauty segment faced challenges, particularly in luxury skincare.

Coty reports preliminary Q1 results, reaffirms FY25 growth targets

Coty reports preliminary Q1 results, reaffirms FY25 growth targets

By Cassandra Stern

Coty Inc. announced preliminary first-quarter results for fiscal year 2025, highlighting growth in its prestige fragrance category, challenges in the U.S. and mass beauty markets, and a renewed focus on cost reduction, while reaffirming its full-year...

People on the Move: Noteworthy employment shifts in Q3 2024

People on the Move: Noteworthy employment shifts in Q3 2024

By Cassandra Stern

In Q3 2024, the beauty industry experienced significant leadership changes, including Julie Rosen's departure from Bath & Body Works, Galen C. Smith's appointment as CEO of IPSY, Stephanie Stahl joining Edgewell's Board of Directors, and Nicole Mancini...

Google loses €2.4bn antitrust case in EU

Google loses €2.4bn antitrust case in EU

By Kirsty Doolan

Today, in a landmark case at the European Court of Justice, the world’s most popular search engine has lost its battle against a €2.4bn fine given by EU antitrust regulators seven years ago.

Ulta Beauty revises FY outlook in response to comparable sales decline

Ulta Beauty revises FY outlook in response to comparable sales decline

By Cassandra Stern

Ulta Beauty's Q2 fiscal 2024 results show net sales of $2.55 billion, a slight increase from last year, but a 1.2% decline in comparable sales and a 12% drop in operating income highlight the challenges the company faces in a tough retail environment.

Legal Lens: Navigating cosmetics & personal care regulations

Legal Lens: Navigating cosmetics & personal care regulations

By Kelly Bonner, Associate Attorney at Duane Morris LLP

This monthly CosmeticsDesign column by attorney Kelly Bonner provides essential legal and regulatory updates for cosmetics and personal care product manufacturers and suppliers to help industry professionals stay informed and compliant.

Great Many secures $3.6m pre-seed to advance hair growth solutions

Great Many secures $3.6m pre-seed to advance hair growth solutions

By Cassandra Stern

Great Many's oversubscribed pre-seed funding round aims to shake up the $8.5 bn global hair restoration market by launching hair growth solutions and telehealth services that address the significant consumer demand for accessible, science-backed treatments.

Avon Products, Inc. files for Chapter 11 bankruptcy

Avon Products, Inc. files for Chapter 11 bankruptcy

By Cassandra Stern

The filing is intended to address Avon Products, Inc.'s debt and legacy talc liabilities, while ensuring that its international operations, under the ownership of Natura &Co, continue unaffected.

P&G reports strong FY 2024 results

P&G reports strong FY 2024 results

By Cassandra Stern

P&G 'met or exceeded our going-in plans for organic sales growth, core EPS growth, cash generation and cash returned to shareowners in a challenging economic and geopolitical environment,' in FY 2024, shared P&G Chairman, President, and CEO Jon Moeller...

BiotechXBeautyLabs: A new approach to beauty innovation

BiotechXBeautyLabs: A new approach to beauty innovation

By Cassandra Stern

Following the recent news of biotechnology company Debut's sustainable ingredient development partnership with L’Oréal, Debut has announced the launch of its formulation development and contract manufacturing business BiotechXBeautyLabs in an effort to...

Cosmoprof North America 2024: Pre-show overview

Cosmoprof North America 2024: Pre-show overview

By Cassandra Stern

This year's Cosmoprof North America - Las Vegas show will welcome TikTok Shop as a first-time participant to the event's Buyer Program, will showcase Australia and Fiji's inaugral debut in the event's country pavilions, and includes a wide variety of...

People on the Move: Notable industry employment updates in Q2 2024

People on the Move: Notable industry employment updates in Q2 2024

By Cassandra Stern

In the second quarter of 2024, the beauty industry saw a series of noteworthy employment moves, including Shiseido Americas creating a COO role for Dr. Dennis Gross Skincare, Tom Ford Beauty appointing Dexter King as SVP and Global General Manager, and...