Beauty news and archive

Puig surpasses 5 billion euros in turnover and boosts profits by 13 percent

Madrid – Following the update from FashionUnited earlier this week, the Spanish fashion and beauty multinational Puig Group presented its annual results for the 2025 financial year on Wednesday. This marks the first time the company has done so before the start of a trading session since its stock market debut. The fiscal year ended on December...

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Coty continues strategic review following successful debt reduction

Paris, France - US cosmetics and fragrance group Coty, which appointed a new interim CEO in January, published mixed results on Thursday. The company reported its “lowest debt in nine years” and is continuing its strategic review. In the second quarter of its fiscal year, from October to December, Coty's turnover increased by 1 percent...

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Interparfums acquires David Beckham and Nautica fragrance licences

Interparfums, which produces fragrances for brands including Jimmy Choo and Coach, announced on Thursday the acquisition of two additional licences for David Beckham and Nautica. “Interparfums today announced the signing of an exclusive 20-year global licence agreement with David Beckham for the creation, development, production and distribution...

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Goodbye DFS, hello Sephora: LVMH's major strategic shift — an analysis of the 2025 financial year

LVMH closes the 2025 financial year with a clear-sighted assessment. Following the post-pandemic euphoria, Bernard Arnault's group reported revenue of 80.8 billion euros, a 5 percent decline on a reported basis. While this headline decline is largely exacerbated by currency volatility, particularly the weakness of the dollar and yen against the...

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Puig growth slows to +3.17 percent, impacted by exchange rates

Madrid – Puig, the Spanish fashion and beauty multinational owning a brand portfolio that includes Carolina Herrera, Jean Paul Gaultier and Rabanne, has reported its sales for the third quarter of its current 2025 fiscal year. For the period ending September 30, the company was affected by exchange rates, closing with a revenue increase of +3.17...

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An analysis of Kering Beauté's refocusing strategy and sale to L’Oréal

Far from a hasty analysis, the sale of Kering's beauty division to L’Oréal for approximately four billion euros is more than a simple divestment. It is a decisive move, driven by an undeniable logic of debt reduction and refocusing. FashionUnited breaks down the five operational reasons behind this major transaction. “So, Kering selling its ‘...

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What impact will the sale of Kering's beauty division have on Armani?

The sale of Kering's beauty division to L'Oréal has called into question the potential acquisition of a stake in the Armani Group by the French beauty giant. Concern as to the future of L'Oréal's relationship with Armani has been raised by the media, which has speculated whether the brand's heirs may be forced to seek a different future home for...

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Kering sells its beauty division to L'Oréal to boost recovery

French luxury group Kering, which has been struggling for several years, is selling its beauty division to fellow French company L'Oréal for four billion euros. This move is expected to help reduce its debt and continue its recovery. The news was first reported on Saturday by the Wall Street Journal. Kering is selling its beauty division,...

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Zalando: New head of beauty comes from L'Oréal

Zalando is set to accelerate its growth in the beauty segment and has brought in an expert from L'Oréal. Thomas Schwulera is taking on the role of vice president beauty at the Berlin-based online retailer, Zalando announced on Wednesday. He will be responsible for the entire strategy in this division, where the company recorded double-digit...

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JP Morgan cuts Puig's share value to 12.50 euros, hitting a new stock market low

Madrid – Shares for the Spanish fashion and beauty group Puig hit a new all-time low during trading on Thursday, October 9, plummeting by 6.70 percent. This sharp decline was triggered by a major shift in stance from US investment bank JP Morgan, which reportedly cut its valuation of Puig's share price by 50 percent. The bank drastically lowered...

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Puig promotes Jose Manuel Albesa to deputy CEO

Madrid – Coinciding with the publication of the results recorded at the close of the first half of 2025, Puig has announced the restructuring of its Executive Committee, with the creation of the new position of deputy CEO. This position has been designated to senior executive, Jose Manuel Albesa. According to the Spanish fashion and beauty...

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Puig's net profit jumps 79 percent in first half of 2025

Madrid – Puig, the leading Spanish multinational in the fashion and beauty sectors and parent company of brands such as Carolina Herrera, Jean Paul Gaultier, Paco Rabanne, Nina Ricci, Byredo and Dries Van Noten, reported its results for the first half of the 2025 financial year after the market closed. This six-month period, ending on June 30,...