NYFW kicks off Sept. 13 with Jason Wu, who is having a live fashion show at 5 p.m. for an audience of 25 to 30 people for his contemporary collection on the roof of Spring Studios, that will be streamed.
Report: @lisajlockwood
Sue Nabi’s Coty Will Focus on D-t-c and Good Beauty Products "I really would like this company to become a product-driven, product-centric." Coty’s professional beauty unit, which primarily sells professional hair and nail care products to salons, accounts for about 21% of its total revenue, with annual sales of about $1.81 billion. Sales fluctuations are not expected to impact the KKR deal, executives said.Get all the top news stories and alerts straight to your inbox. For the campaign, Riccardo Tisci, the label's chief creative officer, brought together some of his longest-standing collaborators, for what ended up being one of their last pre-lockdown projects. Coty’s professional beauty unit, which primarily sells professional hair and nail care products to salons, accounts for about 21% of its total revenue, with annual sales of about $1.81 billion.
Tap the link in bio for more. The global beauty and personal care industry was valued just short of $500 billion in 2019, according to market research firm Euromonitor. This is also validated when Coty states “It is common knowledge that China requires mandatory animal tests on all cosmetic products imported into the country.”. But despite its expertise in reviving consumer brands - such as Unilever’s spreads unit - KKR has now taken a cautious approach and wants to review Coty’s portfolio at a later stage when the fallout of the pandemic will be fully reflected on Coty’s balance sheet, one of the sources said. The German firm said on April 7 that its beauty care division would report a 3.9% sales decline in the first quarter, hurt by the closure of hair salons. Coty operates under two divisions today: Coty Beauty and Coty Prestige, offering fragrances at every price point through almost 40 separate brands. Therefore, I would not consider Coty or any of their brands that are sold in Mainland China to be cruelty-free.. * Henkel, KKR hold off on bids for Coty’s hair and nail brands * Auction hits a snag as most beauty salons remain shut * Consumers rely on self-care and at-home beauty treatments FRANKFURT/LONDON, April 29 (Reuters) - German conglomerate Henkel and U.S. buyout fund KKR are holding off bidding for a portfolio of beauty brands that Coty Inc is trying to sell as they fret over the fallout of the coronavirus pandemic, four sources told Reuters. The fashion industry has a lot of work to do when it comes to reducing its impact on climate change. Coty Inc said on Monday it would buy a 20% stake in reality TV star Kim Kardashian West's makeup brand KKW, as the cosmetics maker looks to cash in on the demand for celebrity-owned products. It will be followed at 7:30 p.m. by Harlem Fashion Row's virtual fashion experience featuring several designers of color, such as Kimberly Goldson, Kristian Loren and Rich Fresh.
“If your product is not the best one on the market, if it’s not the one that delivers better than the others, if it’s not a product that’s perfectly designed for usage, but also for performance, and last but not least, if it’s not a product that you feel not guilty by using because it’s sustainable, then you’ll be happy to stick to this product.”Nabi also talked about incorporating wellness into the portfolio, capitalizing more on direct-to-consumer capabilities, which she called a “dreamy business model,” and reinvigorating Coty’s mass brands, which have struggled for years.“In over 25 years in this industry, with many opportunities, I have learned my lessons on what makes a beauty business or a brand successful. Nabi said the plan to revitalize Cover Girl will include leaning further into clean beauty, in line with the success of the Clean Fresh line.That segment posted a 55 percent net sales decline in the quarter, to $340.7 million, with a 29 percent dip for the year, to $2.1 billion.In luxury, the pandemic posed a larger problem, as most distribution corridors, including travel retail and department stores, were closed due to the pandemic. Designer Coty has 99 perfumes in our fragrance base. Declines were attributed to salon closures during the COVID-19 pandemic.
By Allison Collins on August 27, 2020
Tap the link in bio for more. : @giovanni_giannoni_photoBurberry is ramping up its accessories strategy with its first bag campaign, spotlighting the brand's new signature Pocket bag — and a naked Bella Hadid. It did hit Coty harder than its competitors,” said Coty chief operating officer and chief financial officer Pierre-André Terisse. For the quarter ended June 30, the company posted a net sales decline of 63 percent, to $560.4 million, with a net loss of $778.2 million.“COVID-19 triggered a global real economy and supply crisis that led to turmoil in the financial market. Coty was founded in 1904.
In contrast, online sales rose 24% in the same period, with hair products up 41%.