Estée Lauder stated that although there has been an increase in foot traffic in major shopping areas such as China’s Hainan Island and Korea, consumer spending on luxury beauty products has lagged behind.

In 2021, Koio’s sales grew by 50%, and in 2022, the company recorded another 50% growth.

Ceremonia will use this funding to expand its presence in Sephora stores across the US and plans to open a flagship store in New York City this summer.

This marks ODDITY’s largest acquisition to date.

Tiffany will open several new stores in the Chinese market and has secured prime locations.

Holly Etlin, a retail transformation expert and Managing Director of consulting group AlixPartners, has been appointed as the Chief Financial Officer and Chief Restructuring Officer of Bed Bath & Beyond.

As early as 2021, L Catterton partners Michael Farello and Jonathan Owsley had personally invested $2.6 million in Dibs Beauty.

Vince stated that its net sales for the 2022 fiscal year increased by 10.8% YoY to $357.4 million.

According to the terms of the transaction, WHP Global will acquire the Bonobos brand for $50 million, while EXPR will acquire Bonobos’ operating assets for $25 million and assume related liabilities.

Upwell Cosmetics’ motto is “Sea Forward” because the founders believe that the future of sustainable ingredients and materials lies in the ocean. This motto expresses the company’s commitment to valuing and utilizing ocean resources in a sustainable manner.