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MARKET TRENDS UPDATE Newsletter November 2019 MARKET TRENDS UPDATE Newsletter Avon Products, Inc. has L’Oréal acquires announced Mugler and Azzaro decreases in its from Clarins third-quarter revenues and The French cosmetics giant has finalised the income, as purchase of the Mugler brands and Azzaro measures taken as fragrances, as it acquires the entire fragrance part of the division of Clarins. This portion of Clarins' company’s business represents approximately €340m - ongoing “Open catching but subtle marketing. Up” turnaround Cosmetic companies like Estee Lauder and strategy took their L’Oreal (OREP.PA) are seeing a boom in their toll on its business in the Asia-Pacific region, mainly in operational results China, as affluent millennials spend more at beauty retailers and duty-free stores at airports. L’Oréal beats sales L’Oréal score forecasts big at Alibaba’s Third quarter revenues rose 7.8% to €7.18bn Singles’ Day for the Maybelline owner. Despite turmoil in shopping fest Hong Kong, L'Oréal enjoyed a strong trading period across Asia, its number one market 2019 Estée Lauder announces double-digit sales jump The beauty business has reported an 11% net sales gain and a 19% earnings jump for the first quarter of fiscal 2020. The positive results were driven largely by growth in China and in the skincare and travel retail sectors Paris-based luxury group LVMH has named Laurent Kleitman as the new president and CEO of Parfums Christian Dior A role in which he replaces Claude Martinez, who is stepping down after more than 19 years at the head of the division LVMH makes a play for Tiffany & Co. LVMH is making an $14.5bn takeover offer of Tiffany & Co., according to reports. The all-cash offer represents the group's efforts to expand into the US market November 2019 MARKET TRENDS UPDATE Newsletter PARIS — L’Oréal keeps strengthening its ties with beauty tech start-ups — especially in China — with an investment in global venture capital fund Cathay Innovation Revlon Q3: Sales & To celebrate its best-selling Colorstay 24 hour Earnings down as US foundation, Revlon make-up market opened a 24-hour pop-up contracts beauty parlour in Fitzrovia, London on Thursday. Coty and Younique end partnership Global beauty brand Coty and cosmetics company Younique have mutually agreed to terminate their collaboration to focus on their respective strengths. Following this decision, Coty has plans to sell its controlling stake to Younique’s original founders. Cosmetics maker Coty Inc posted first-quarter revenue below expectation, hit by sluggish sales in its biggest business, consumer beauty. LVMH records strong revenue growth in the first nine months. The Perfumes & Cosmetics business group recorded organic revenue growth of 8 percent, driven mainly by the momentum of its flagship brands. Sephora, the company said, recorded steady growth in revenue and gained market share in all key markets. Online sales continued to grow at a rapid pace. The expansion of its distribution network continued with the opening of its first stores in Hong Kong and Auckland. Global K-beauty market to be Multinational investment bank Piper worth $21.8 billion by 2026, as Jaffray has downgraded New York-based increased interest in organic cosmetics company Estée Lauder from ingredients and innovative overweight to neutral, citing the changing skincare products drives beauty habits of teenagers, who are consumers towards the growing opting for more minimal makeup looks cosmetics trend. and one-stop products New York-based cosmetics company Coty Inc. has named Richard Jones as its new global chief supply officer, as well as a member of the company’s executive committee, effective November 1 .
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