Cosmetics
French cosmetics chain Sephora aims to open some 100 new stores per year for the next 5 years. That way, it hopes to achieve its ambition of a 10 % average turnover increase.
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French luxury group Chanel will sell its cosmetics brand Bourjois to perfume manufacturer Coty in return for 4.2 % of the American company's shares. In total, Chanel will get 15 million shares, which means Bourjois is valued at 190 million euro.
Cosmetics firm Lush has rented an 880 sqm store on Oxford Street (London) and it will become Lush's largest store in its 20-year history.
It has been revealed that Liz Bennett, co-founder of Lush, had left the company in May. She pulled out of the company that has become known for its hand-made cosmetics.
American cosmetics group Elizabeth Arden has finally found a new investor, which was needed after a record dive in turnover in its last quarter. In the past quarter, it has to deal with a 145 million dollar loss.
American cosmetics giant Estée Lauder has had another excellent year, with both net profit and turnover going up. Its fourth quarter broke every record, its New York main office said.
Belgian Ecover has changed the design of its entire product range to improve visibility and to create more turnover with environmentally conscious consumers.
Beiersdorf, the company which owns Nivea among others, managed a 5 % turnover growth in the first half of 2014 with its largest growth in Africa, Asia and Australia.
Perfume chain Pour Vous will expand through 5 former DA stores after it has struck a deal with its 5 different owners.
Cosmetics firm L'Oréal has not reached analysts' expectations in the second quarter of 2014, mainly because of a lower demand in the United States.
Drugstore chain D.I.O. has expanded its reach with another 7 stores, all former DA Retail stores. DA Retail is currently embroiled in a discussion with several franchisees.
Drugstore chain DA is currently clashing with a part of its franchisees over how its new company concept should be implemented. Several franchisees apparently already cancelled their agreement.
French cosmetics company L'Oréal has acquired American NYX Cosmectics, one of the world's fastest growing brands for make-up artists. It will become the 29th big brand in the French arsenal.
HEMA is not in receivership, the department store chain has stated in a press release. It refutes the claims made by Financieele Dagblad, which had stated that several banks and Lion Capital took control.
HEMA has been placed in receivership, with its British owner Lion Capital and the banks that had lent it money as its curators.
Make-up retailer Sephora has developed a mirror that can put on make-up through augmented reality, so that customers can try make-up without having to put it on.
