Recently launched Indian beauty brand Asa has expanded its distribution network and launched on multi-brand makeup platform Nykaa. The brand has also added a number of new products to its offering.
Sales at Kering's leading brand, Gucci, suffered a bigger-than-expected drop in Q4 as Covid continued to dent luxury shopping and crimp tourist spending in particular.
Ayurvedic haircare brand Vedix has stepped into skincare and launched a line of products designed to mix technology with natural ingredients.
Tata Group has signed an agreement with fast-moving consumer goods business BigBasket to acquire a stake of between 60% and 63% valued at $1.2 billion (Rs 7,983 crore).
Nivea maker Beiersdorf said it was upbeat for a recovery in 2021 even as the German consumer goods firm saw 2020 organic sales fall 5.7% as it was hit by the coronavirus pandemic.
Future Group firm Future Consumer Limited reported a net loss of Rs 113 crore ($15.5 million) for the third quarter ended December 2020.
YNAP’s Net-A-Porter and Mr Porter luxury e-tailers have launched new widgets for iPhone and iPad users, that allow customers “to preview and directly access the What’s New pages for both stores from their home screen”.
Clovia, which recently diversified its portfolio by entering the personal care segment with the launch of ‘Clovia Botaniqa’, has strengthened this segment with the addition of a new skincare range.
On Sunday, Amazon announced that its India sellers will now be able to register on the platform and run their businesses in Marathi, with the aim of onboarding more local sellers in the Maharashtra region.
Honasa Consumer Pvt Ltd skincare business The Derma Co expects to achieve a revenue run rate of Rs 100 crore ($15 million) by March 2022.
L'Oreal, the world's biggest cosmetics group, forecast a strong rebound in makeup sales when the COVID-19 pandemic gives way to a "roaring 20s" when people get dressed up and go out again to socialise.
L’Oreal, the world’s biggest cosmetics group, posted higher-than-expected revenue growth for the fourth quarter on Thursday, lifted by surging sales in China and supported by its online business.
Cosmetics brand MyGlamm plans to more than double its brick-and-mortar presence across India this year and will launch a new subsidiary in the personal care segment.
Diesel and Maison Margiela owner OTB saw sales and profits being dented by the pandemic last year, a disappointing result after it had returned to profit in 2019.
Scentials Beauty Care and Wellness, a personal care company co-founded by former tennis professional Mahesh Bhupathi, has raised around $6 million (Rs 43.7 crore) funding from TIW Private Equity (TIW PE).
