The Estée Lauder Companies (ELC) and Microsoft Corp. have teamed up once again to launch an AI Innovation Lab. Estée Lauder partners with Microsoft to launch AI Innovation Lab. – Estée Lauder Leveraging the generative AI capabilities of Microsoft’s Azure OpenAI Service, the collaboration aims to develop innovative solutions that enhance consumer connections and accelerate … Read more
By Bloomberg Published Apr 29, 2024 L’Occitane International SA’s billionaire owner Reinold Geiger is close to making an offer to take the skin-care company private, according to people familiar with the matter, in a deal that could value the firm at about $7 billion including debt. Bloomberg Geiger is considering making an offer for the … Read more
By Bloomberg Published Apr 25, 2024 Over four days of celebrations to mark its centenary in 2014, Spain’s biggest beauty products company inaugurated a new headquarters in Barcelona attended by the Iberian nation’s then Prince Felipe and threw a splashy party for more than 1,000 people at the world’s largest art nouveau complex. Nina Ricci But in a quieter yet more important … Read more
La Mer has named Taiwanese singer Jay Chou as its first-ever male ambassador. La Mer Chou will promote the Estée Lauder Companies-owned skin care brand’s The Treatment Lotion and The Hydrating Infused Emulsion products in his first campaign. This will be the 45-year-old’s first beauty partnership, after having fronted fashion house Dior as a global ambassador in … Read more
By Reuters API Published Apr 18, 2024 L’Oreal reported a 9.4% rise in first quarter sales on a like-for-like basis on Thursday, beating expectations and easing concerns about a slowdown in the two biggest beauty markets the United States and China. L’Oreal The French cosmetics giant, which owns the Maybelline and Lancome brands, reported sales of … Read more
By Bloomberg Published Apr 9, 2024 Puig Brands SA is betting on the Fragrance Index for its multibillion-euro initial public offering. But the owner of Charlotte Tilbury, Jean Paul Gaultier and Nina Ricci will have to pass the smell test to convince investors to buy into it. After three years of stellar growth, we may be … Read more
Translated by Cassidy STEPHENS Published Apr 12, 2024 The American cosmetics group Estée Lauder, via its New Incubation Ventures (NIV) fund, has participated alongside several tech players in the first round of financing for Kiki World, a Californian beauty start-up. The total value of the deal is $7 million (€6.5 million). Kiki World – DR … Read more
Estée Lauder announced on Thursday it has signed South Korean singer, songwriter and actress, IU, as its newest global brand ambassador. IU – Courtesy IU will be Estée Lauder’s first Korean global brand ambassador and will be featured in campaigns for the brand’s hero products, Advanced Night Repair and Double Wear. The star’s first campaign … Read more
Community beauty firm Kiki announced on Tuesday its initial funding round investors, including A16z crypto and The Estée Lauder Companies’ New Incubation Ventures. Kiki Other round investors included consumer-tech funds Double Down, 2Punks Capital and Advancit, digital communities RedDao and OrangeDao, and the digital creator GMoney. Financial terms of the investment were not disclosed. The investment from … Read more
By Reuters Published Apr 3, 2024 Shares of Ulta Beauty tumbled as much as 14.5% on Wednesday after executives flagged a slowdown in demand across categories in the first quarter and stiff competition, weighing on peers E.l.f Beauty, Coty and Estee Lauder. Ulta Beauty The beauty retailer now anticipates its total category to increase at … Read more
