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L’Oreal heiress loses title as richest woman in the world to Alice Walton from the Walmart family


L’Oreal heiress loses title as richest woman in the world to Alice Walton from the Walmart family

Françoise Bettencourt Meyers surprised the world late last year when she became the first woman to amass a fortune of $100 billion through her ownership of cosmetics giant L’Oréal. She held the title of richest woman for several months, even though her fortune has shrunk to $89.9 billion since the beginning of the year. Now […]

Coty misses sales forecasts due to subdued retail orders and Lacoste license sale


Coty misses sales forecasts due to subdued retail orders and Lacoste license sale

From Reuters Published 21 August 2024 Coty, the parent company of CoverGirl, missed fourth-quarter sales expectations on Tuesday. The group was hit by the sale of the Lacoste perfume license and controlled orders from cautious retailers, which slowed growth in the prestige and mass fragrance segment. CoverGirl The decision to sell the Lacoste license back […]

Tapestry quarterly profit exceeds Wall Street expectations despite sales decline


Tapestry quarterly profit exceeds Wall Street expectations despite sales decline

Tapestry Inc. shares rose on Aug. 15 as the handbag and apparel maker’s quarterly results beat Wall Street expectations amid continued weak consumer confidence and inflation fears. To the catwalkCoach – Spring-Summer 2024 – Womenswear – United States – New York – © Launchmetrics Adjusted earnings per share in the fourth quarter were 92 cents, […]