L'Oréal announced on Monday that it predicts a year-over-year decrease of around 5% in its first-quarter sales due to the ongoing Covid-19 pandemic. The company also withdrew its annual financial guidance.
Multi-brand beauty retailer Nykaa opened one of its ‘On Trend’ stores for popular products in Chennai’s Forum Vijaya Mall on March 4, featuring brands including Burberry, Smashbox, and Huda Beauty, among others.
The Delhi High Court ruled to stay the National Anti-Profiteering Authority’s prior decision directing personal care brand Johnson & Johnson to pay Rs 230 crore ($31.14 million) as a penalty for alleged profiteering.
Multi-brand, omni-channel beauty retailer Nykaa will hold a makeup masterclass with makeup artist Shalini Chopra at Chennai’s Forum Vijaya Mall on March 5 to promote a range of international beauty brands in the city.
2019 was a good year for Hermès and the firm remains upbeat, despite a small slowdown in Q4 and the recent coronavirus outbreak. It saw strong performances in RTW, jewellery, Asia, the Americas and the UK.
Claudia Marcocci, former SVP of Coty's Gucci Beauty, is taking over as brand general director of Parfums Christian Dior, succeeding Véronique Courtois, who stepped down from the role to lead Guerlain in November 2019.
Fine jewellery brand Bulgari has collaborated with French fragrance brand, Firmenich, and Indian floral extract exporter, Jasmine Concrete, on ‘Flower Gems of India’, an initiative to create new jasmine farms.
The New York-based beauty giant reported a significant narrowing of its net loss in the second quarter on Wednesday, despite falling sales, and also announced the launch of an updated sustainability platform.