The skateboarding brand owned by VF Corp. has handed over the helm of its marketing operations to an experienced executive formerly with Nike and Samsung. Harrer reports to Doug Palladini, global president of Vans.
Procter & Gamble quarterly revenue and adjusted profit beat Wall Street expectations on Tuesday, as organic sales in its beauty business rose 8%, boosted by demand for its premium SK-II brand and Olay skin care products.
The biggest beauty names are in a race to snap up the most dynamic brands globally and Anglo-Dutch consumer-products giant Unilever is one of the most active names, its latest big buy being J-Beauty brand Tatcha.
The headline story on Thursday from Anglo-Dutch consumer products giant Unilever was that sales growth missed analyst expectations in Q4 and that this year would remain challenging. But behind that, beauty was strong.
Major consumer companies including Unilever and Procter & Gamble are chasing consumers who want goods delivered automatically, pitching new online subscription services, even though these have not always worked.
In a surprise move on Friday, Anglo-Dutch consumer products giant Unilever said it has cancelled plans to move from its current dual-headquartered structure to a Dutch head office and Dutch main stock exchange listing.
Procter & Gamble disappointed with sales on Friday, hurt by continuing weakness in its Gillette business, a week after it claimed to have fought off hedge-fund manager Nelson Peltz’s move to muscle onto the board.
Unilever did well in H1 on the back of cost cuts and some good brand performances. Its Dove, Sunsilk, Dermalogica, Dollar Shave Club and Living Proof brands all continued to grow strongly during the half.
E-com game-changer Stitch Fix has reportedly hired investment banks for an IPO that could value the US personalized fashion retailer between $3 billion and $4 billion. It would the biggest US e-commerce IPO since Etsy.