The US beauty supplies specialist recorded a 0.2% decline in net sales, down to $996.3 million, in the third quarter. The company is maintaining its focus on its restructuration plan, and announced the forthcoming closure of 1-2% of its stores.
French cosmetics giant L'Oreal said Wednesday it had acquired Germany's Logocos Naturkosmetik, a firm that offers vegan and organic beauty products, which it plans to offer more widely internationally.
Avon announced on Monday the appointment of Benedetto Conversano to the newly-created role of Chief Digital & Information Technology Officer. Heather Payne has also been appointed as Chief Technology Officer.
One Ocean, a clean beauty brand that has secured the first ever beauty company equity investment from The Lubrizol Corporation, a Berkshire Hathaway company, has launched with a sustainable wellness collection.
The owner of Espa, Glossybox and Lookfantastic has secured a new $1 billion banking facility as it continues to build its beauty and wellness portfolio to become the global digital leader in the sector.
L'Oreal is still struggling to kickstart sales growth at its mass market unit that makes products like Garnier shampoo. Such challenges hit the company's shares on Friday even as its luxury brands posted strong revenues.