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Douglas Group doubles net income in FY 2024/25 as omnichannel growth offsets softer consumer demand
THE WHAT? Douglas Group reported solid full-year sales growth and more than doubled net income in FY 2024/25, meeting updated guidance despite a volatile European beauty retail environment. THE DETAILS Sales rose 3.5% excluding the divested Disapo business to €4.58 billion, supported by growth across both stores and e-commerce, with online accelerating in the…
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AnyMind Group enters offline beauty retail with Sun Smile acquisition
THE WHAT? AnyMind Group has agreed to acquire Japan-based beauty and personal care distributor and brand owner Sun Smile, marking its entry into offline retail. THE DETAILS Founded in 1997, Sun Smile operates across brand development, manufacturing and nationwide retail distribution. The acquisition is AnyMind Group’s 13th overall and seventh in Japan, adding physical…
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Oriflame Secures Bondholder Consent for Recapitalisation of US$800m Notes
THE WHAT? Oriflame Investment Holding Plc has secured the required bondholder consent to amend the terms of its senior secured debt, clearing a key step in its recapitalisation process. THE DETAILS The beauty company received valid and unrevoked consents from holders representing 98.40% of its US$550 million 5.125% senior secured notes due 2026 and…
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Yves Rocher Partners with Nykaa for India Entry
THE WHAT? Yves Rocher has partnered with Nykaa to launch in India, entering one of the fastest-growing global beauty markets. THE DETAILS The brand will debut in June 2026 across Nykaa’s app, website and selected stores, introducing nearly 100 skincare and haircare products. The launch will focus on Yves Rocher’s dermo botanical positioning, with…
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Kering Brings Ardian Into Fifth Avenue Flagship in US$900m Joint Venture
THE WHAT? Kering has finalised a joint venture with investment firm Ardian covering its landmark luxury retail property at 715–717 Fifth Avenue in New York. THE DETAILS Under the agreement, Ardian holds a 60% stake in the newly created vehicle, with Kering retaining 40%. The Fifth Avenue asset comprises approximately 115,000 sq. ft of…
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Chanel Appoints Aegon HR Chief as Global People Lead Amid Leadership Reset
THE WHAT? Chanel has appointed Elisabetta Caldera as global chief people and organisation officer, continuing a reshuffle of senior leadership as long-serving executives retire. THE DETAILS Caldera, currently global chief human resources officer at Dutch insurer Aegon, will join Chanel next month, succeeding Claire Isnard, who is retiring after more than 17 years with…
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YSE Beauty Secures US$15m Series A to Scale Sephora and DTC Growth
THE WHAT? YSE Beauty, the skincare brand founded by Molly Sims, has closed a US$15m Series A growth equity round led by Silas Capital, with participation from L Catterton and existing investors Willow Growth Partners and Halogen Ventures. THE DETAILS The funding will be used to accelerate YSE Beauty’s expansion across Sephora’s US store…
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EU Moves to Tax Low-Value Parcels as China E-Commerce Floods Market
THE WHAT? The European Union has agreed to introduce a temporary €3 levy on small e-commerce parcels in response to the surge in low-value imports, primarily from China. THE DETAILS From July next year, parcels valued under €150 will face the interim charge, ahead of permanent customs duties planned for 2028 once a new…
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Seoul Beauty Club Raises US$2m Pre-Seed to Expand U.S. K-Beauty Platform
THE WHAT? U.S.-focused K-beauty subscription platform Seoul Beauty Club has raised US$2 million in pre-seed funding to scale its personalised skincare offering. THE DETAILS The round included investors from Korea and the U.S., including Sazze VC, Hustle Fund, Collaborative Fund Asia and Mashup Ventures. Operated by Faiston Corporation, the platform targets U.S. women aged…
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EU Raids Temu Over Suspected Breach of Foreign Subsidies Rules
THE WHAT? The European Commission has carried out unannounced inspections at Temu as part of an investigation into potential violations of the EU Foreign Subsidies Regulation. THE DETAILS The raid took place at one of Temu’s Irish premises, targeting possible foreign state support that could distort competition in the EU market. Temu, owned by…