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Business

Unilever, Henkel and buyout funds eye bids for Coty's $7 billion beauty brands

Unilever, Henkel and buyout funds eye bids for Coty's $7 billion beauty brands

Consumer goods giants Unilever and Henkel and a series of buyout funds are talking to U.S. cosmetics maker Coty to submit bids for some of its most popular beauty brands, three sources told Reuters.
today
Cosmetics
Business
Gap's quarterly profit beats; Old Navy to exit China as spin-off continues

Gap's quarterly profit beats; Old Navy to exit China as spin-off continues

Apparel retailer Gap Inc nudged past tempered quarterly profit expectations and reiterated its plan to separate Old Navy from the namesake brand ahead of Old Navy's China exit in 2020.
today
Ready-to-wear
Retail

Nordstrom beats grim retail landscape, lifts 2019 forecast

Nordstrom Inc raised its 2019 forecast unlike many competitors and reported third-quarter profit above Wall Street expectations on Thursday, sending the retailer’s shares up about 10% in extended trading.
today
Miscellaneous
Business

Interparfums predicts revenues of 500 million euros in 2020

The international fragrance company responsible for the perfume offerings of brands including Montblanc, Jimmy Choo and Coach, expects to report revenues of 500 million euros ($554 million) in 2020, up 4.2% from 2019. 
today
Perfume
Business

Design

A new museum in New York will unpack the history of makeup

A new museum in New York will unpack the history of makeup

New York is getting a new museum for beauty buffs and history aficionados.
today
Cosmetics
Design
White shirts created in honor of Karl Lagerfeld will be on show at Pitti Uomo

White shirts created in honor of Karl Lagerfeld will be on show at Pitti Uomo

Officially presented last September, the collection "A Tribute to Karl: The White Shirt Project" will take pride of place at the next Pitti Immagine Uomo fashion industry show.
today
Ready-to-wear
Trade shows

Virgil Abloh teases a new exhibition for January

The US creative has taken to Instagram to announce a new exhibition for next year, a show focusing on concrete, exploring the issue of how it can be transformed and decorated in human living spaces.
today
Ready-to-wear
Design

Memo International on the move, opening in Paris, Moscow and Riyadh

At a time when every major luxury group wants to buy a niche perfume brand, few indie scent houses have been performing as enticingly as Memo International - whose three marques are all rapidly expanding worldwide. 
today
Perfume
Retail

Appointments

Harvey Nichols’ Daniela Rinaldi to leave after 35 years

Harvey Nichols’ Daniela Rinaldi to leave after 35 years

Rinaldi became co-chief operating officer of the luxury retail group alongside Manju Malhotra in 2017. Malhotra will remain in her role, working alongside the management board to ensure the group continues to thrive.
today
Luxury
Appointments
Arcadia Group to name former De Vere head Coppel as chairman

Arcadia Group to name former De Vere head Coppel as chairman

British retailer Arcadia Group will name the former head of De Vere hotel and leisure group Andrew Coppel as the chairman, Sky News reported on Wednesday. He will replace Jamie Drummond Smith on Thursday.
today
Miscellaneous
Appointments

Gucci reshuffles top European hierarchy

Gianfilippo Testa, the Italian luxury label’s president of Greater China since mid-2016, is back in Europe, and is now in charge of Gucci UK and France, FashionNetwork.com has learned.
today
Miscellaneous
Appointments

MAC Cosmetics names Ukonwa Ojo SVP for Global Marketing

The Estée Lauder-owned beauty brand announced on Wednesday that it has tapped the Coty alum as its senior vice president for global marketing, a newly created role at the company.
today
Cosmetics
Appointments

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