Ulta Beauty Inc. is pausing international expansion plans. The beauty retailer planned to launch in Canada next year, but said that it “has decided at this time to prioritize growth of its U.S. operations.” For now, Canada plans are on hold. Ulta said that investments into the Canada launch have been “limited to early-stage and
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Musab Balbale is the new guy on the block, in more ways than one. Like many New Yorkers seeking relief from the stressors of a pandemic-stricken city, he and his family recently decamped from the Upper West Side to greener pastures in Westchester County. It was a previously planned move accelerated by the pandemic, he
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The Estée Lauder Cos. Inc. has made a $2 million grant to Doctors Without Borders/Médecins Sans Frontières, to support the organization’s work in response to coronavirus in under-resourced and highly impacted countries. The beauty giant has also made a grant to support the establishment of the $75 million NYC COVID-19 Response & Impact Fund, administered
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Coty Inc. is expecting coronavirus to cause a 20 percent sales decline in the third fiscal quarter, with a "meaningful impact on profit." The beauty company issued an update on how it planned to handle business as COVID-19 continues to spread globally. It includes starting to manufacture and supply hand sanitizer to medical and emergency
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Henkel and private equity firm KKR are still in the running to buy Coty's Professional Division, a source has told WWD. Calls were said to be placed back to bidding companies on Monday, another source noted. Updates on the bidding process were first reported by Bloomberg. KKR declined to comment for this story. Coty is
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As Sara Moss, vice chairman of the Estee Lauder Cos. Inc., sees it, people suffering from hunger are omnipresent. "They are my neighbors. They are your neighbors," Moss told the crowd of 500 at the Ziegfeld Ballroom in Manhattan Tuesday night for the "Fill the Bag" benefit raising $1.4 million for the New York Common
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MILAN — As the coronavirus continues to make headlines globally, on Friday the health crisis got even bigger attention in Italy as six new cases were identified in Codogno, a town a one-hour drive from Milan. A 38-year-old man and his pregnant wife are the most worrying cases, with the former currently hospitalized in intensive care.
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PARIS — WAAM Cosmetics, the four-year-old French natural, do-it-yourself beauty brand, has raised 1.5 million euros with Karot Capital and BPI France in its first round of funding. “Our objective is to accelerate our development to take a leadership position in a strongly growing market that we have believed in for four years,” Dieynaba Ndoye,
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PARIS — Actress Shay Mitchell has signed on for a new role — as the ambassador of Cacharel’s Yes I Am fragrance collection, WWD has learned. The first scent of the women’s line, in a bottle resembling a lipstick, launched in 2018. Yes I Am Pink First followed last year, and starting in March Yes
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Sally Beauty sales slipped in the quarter ended Dec. 31, which the retailer attributed to a shorter holiday season. The beauty retailer's net sales dipped about 1 percent in the quarter, to $980.2 million. Net earnings dropped 19 percent year-over-year, to $53.2 million. The company attributed that dip to fewer sales, gross margin contraction from
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