Hints and tips:
...Shares in US-listed Ulta and e.l.f. have also suffered. Despite this, Puig’s mooted valuation looks achievable....
...Estée Lauder already has a longstanding licensing agreement for Tom Ford’s beauty and fragrance products, which could have complicated a deal with Kering....
...“I don’t believe that many people actually understand our legacy in changing the course of cosmetics,” says Santos....
...For everyone who is drawn to celebrity fragrance, skincare or cosmetics because they admire the face behind it, there are those who think there is nothing cheesier and more deluded than buying a product...
...Ulta saw strong sales growth in haircare, skincare and fragrances as well....
...Coty, the US beauty and fragrance group, is hoping some of this bullishness will rub off on its own stock....
...Revolution was launched in 2014 and sells beauty products directly online as well as through retailers such as Boots and Superdrug in the UK and Ulta Beauty in the US....
...Luxury fragrances, including new brands that offer bespoke blends for an individual, have also enjoyed a renaissance....
...The company has also faced longer-term pressure from brands such as Rihanna’s Fenty Beauty and Kylie Jenner-backed Kylie Cosmetics....
...The group, which competes with US-listed Estée Lauder on high-end cosmetics and smaller player Coty on fragrances, has managed to absorb pandemic-related disruptions, such as shortages of plastic bottles...
...A version of this article was first published by Nikkei Asia on August 29 2021. ©2021 Nikkei Inc....
...Another key priority was expanding the work Coty did under licence with luxury brands Gucci and Burberry to go from simply making and marketing fragrances for them to helping them launch new make-up lines...
...The separately managed Dior fragrance and cosmetics business brought in €3.2bn in revenues last year, roughly the same as before the pandemic, according to Stifel....
...“This will be the fiesta of make-up and fragrances,” predicted chief executive Jean-Paul Agon at an investor conference on annual results on Friday....
...with skin care, fragrance and make-up demos....
...“We are in about 38 markets now via retail partners like Sephora and Ulta, and also sell via our website to 200 countries worldwide,” she said....
...People want to be able to smell, feel and try on cosmetics and fragrances before buying....
...Earlier this year, she launched HoliLoft, a treatment salon space in the Marais where facial treatments are kicked off with a sound bath performed with crystal bowls – an early vision of the physical spaces...
...Each facial – from collagen-stimulation therapy (from £260) to cosmetic acupuncture (£180) – is bespoke, while the products she uses are extensively researched....
...The highly indebted US beauty and fragrance group has struck a wide-ranging deal with KKR....
...Unilever and Henkel, as well as private equity firms, were weighing bids just as the Covid-19 pandemic hit, shutting down hair and beauty salons and upending equity and debt markets....
...The pandemic dealt a further blow to Coty by temporarily closing down hair and nail salons where its professional products are sold, as well as department stores for its perfumes....
...Sales of colour cosmetics such as lipstick, eyeshadow and foundation fell dramatically....
...JAB Holdings, the majority owner of cosmetics maker Coty, will tighten its control over the problem-plagued group by installing its chairman Peter Harf as chief executive....
...The market research firm tracks department stores and speciality retailers such as Sephora and Ulta Beauty but not mass-market outlets such as Target....
International Edition