Multi-brand retailer Shoppers Stop has seen strong sales in its beauty segment, especially in eyes and skin categories, and is expanding its online shopping features to cater to the new shopping paradigm.
Unilever had upbeat news on Thursday. Despite currency effects sending its turnover down overall, it released Q3 figures that showed underlying sales growth (USG) of 4.4%, and prestige beauty was buoyant.
French cosmetics company L'Oreal is set to name deputy Chief Executive Officer Nicolas Hieronimus as its new chief, replacing long-time boss Jean-Paul Agon, French newspaper Le Figaro reported late on Tuesday.
Sales at Maybelline maker L’Oréal fell more sharply than expected in the second quarter, though the French beauty giant managed to contain any major profit erosion as the COVID-19 pandemic forced stores to close.
A number of fast-moving consumer goods and consumer businesses have asked the government to grant goods and service tax cuts ahead of the upcoming GST Council meeting, with the aim of igniting consumer demand.