Beauty products maker Coty Inc missed revenue estimates for the second consecutive quarter on Wednesday, as hurricane Florence in the United States disrupted supplies of its luxury products to retailers.
Estée Lauder dismissed fears of a slowdown in China as its quarterly results beat Wall Street estimates on Wednesday on booming demand for cosmetics and high-end skincare products in the Asian country.
Harrods is clearly not suffering from the cloud hanging over many of its sector peers further down the price chain and like luxury rivals Selfridges and Harvey Nichols, luxury and tourist spending has sent profits up.
India’s Beauty and Wellness Sector Skill Council has signed a MoU with the Committee International d'Esthtique et de Cosmtologie (CIDESCO) to encourage employment opportunities for Indian beauty professionals overseas.
The Walmart Foundation has pledged to invest Rs 180 crore ($27 million) in Indian farmers. Walmart India will separately increase its direct sourcing from farmers to 25 percent, which will reduce transportation costs.
Sri Sri Tattva, an Ayurveda-based brand that produces cosmetic, health, and wellness products, has opened its first “wellness centre” in Lucknow, bringing its Uttar Pradesh store total to three and India total to 11.