Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.
Clichy, France
Beauty
L’Oréal Names Nicolas Hieronimus as Next CEO
The 33-year L’Oréal veteran is currently deputy CEO and will take over on May 1.
L’Oréal Names Nicolas Hieronimus as Next CEO
The 33-year L’Oréal veteran is currently deputy CEO and will take over on May 1.
Beauty
L’Oréal to Close Some Stores, Cut 400 Jobs Amid Luxury Shift
The cosmetics maker's Luxe Division plans to shift investment to e-commerce over the next six months.
L’Oréal to Close Some Stores, Cut 400 Jobs Amid Luxury Shift
The cosmetics maker's Luxe Division plans to shift investment to e-commerce over the next six months.
Workplace & Talent
L’Oreal Is Set to Name New CEO Soon. Here’s a Shortlist
Current chief executive Jean-Paul Agon, who is stepping down next year when he turns 65, told Bloomberg that the cosmetics giant will announce his successor “pretty soon.”
L’Oreal Is Set to Name New CEO Soon. Here’s a Shortlist
Current chief executive Jean-Paul Agon, who is stepping down next year when he turns 65, told Bloomberg that the cosmetics giant will announce his successor “pretty soon.”
Beauty
L’Oréal Considers Cut to Ad Spend on TikTok Over Privacy Issues
The cosmetics company said it is 'monitoring the situation very closely' and that it will adjust its policy accordingly.
L’Oréal Considers Cut to Ad Spend on TikTok Over Privacy Issues
The cosmetics company said it is 'monitoring the situation very closely' and that it will adjust its policy accordingly.
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Beauty
L'Oréal Cancels 10.4% Dividend Increase
The beauty group will instead stick to the same payout per share it made in 2019.
L'Oréal Cancels 10.4% Dividend Increase
The beauty group will instead stick to the same payout per share it made in 2019.
Beauty
L'Oréal Banks on Post-Lockdown Rush to Hair Salons
The cosmetics company has so far seen a 4.8 percent fall in comparable first-quarter sales.
L'Oréal Banks on Post-Lockdown Rush to Hair Salons
The cosmetics company has so far seen a 4.8 percent fall in comparable first-quarter sales.
News & Analysis
Californian Start-Up Born in a Garage Beats L’Oréal in Patent Feud
After Olaplex accused L’Oréal of stealing trade secrets in 2015, the french beauty company may now face charges up to $91.3 million.
Californian Start-Up Born in a Garage Beats L’Oréal in Patent Feud
After Olaplex accused L’Oréal of stealing trade secrets in 2015, the french beauty company may now face charges up to $91.3 million.
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The News in Brief
Fashion Startup Founder Pleads Guilty in $300 Million Fraud
Christine Hunsicker admitted she falsified financial statements to promote CaaStle Inc. as a valuable, growing business when in reality it was struggling.
Victoria’s Secret Forecasts Its Best Year Since L Brands Split
The underwear company is anticipating net sales of at least $6.85 billion in the current fiscal year, exceeding analyst estimates and marking the highest revenue since its split from L Brands Inc in 2021.
Uniqlo Aims to Grow Tenfold in India With Summer-Centric Clothes
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
Oasis Pressures Kao in Latest Japan Activist Investor Push
Activist fund Oasis Management Co. is calling on the Japanese personal care company to convene an extraordinary general meeting, seeking a probe into its supply-chain risk management and internal control.
American Eagle Forecasts Sales Growth Above Estimates on Demand From Wealthy Shoppers
The retailer surpassed annual sales forecasts but expects a $60 million drag from import tariffs in the first half of 2026.
Missoni Family Exits Namesake Brand
The transaction gives FSI, a Milan-based private equity fund, a controlling share in the Italian luxury house, as more founder-owned brands turn to investors to fund growth and weather a tough global market.
Ross Stores Forecasts Annual Sales Above Estimates on Resilient Demand for Discounted Apparel
Spend growth at off-price chains is among the strongest in retail, with gains across all income segments.