Business

Beauty and cosmetics news round-up for Q3 2022

Among the array of investment programmes and funding ventures, a handful of beauty brands experienced some upset during the third quarter, resulting in either pulling out of various markets or calling in investigators to assess recent misfirings. Additionally, celebrities have continued to venture into the sector, largely through genderless...

Culture

The Met to dedicate its next exhibition to Karl Lagerfeld

The Costume Institute at the Metropolitan Museum of Art has confirmed that its spring 2023 exhibition will be dedicated to the late Karl Lagerfeld. The exhibition, entitled ‘Karl Lagerfeld: A Line of Beauty’ was announced at a press conference during Paris Fashion Week, and will showcase the late designer’s career by exploring his “creative...

Business

Joules says turnaround plan in good progress

British lifestyle group Joules has said that under its new leadership team, led by Jonathon Brown and supported by Tom Joule in an executive capacity as product director, is making good progress in developing its turnaround plan. The company was responding to media speculation that it is considering an insolvency procedure. Joules said in a...

Business

Nike's Q1 sales up but net income declines by 22 percent

First Quarter revenues at Nike, Inc. increased 4 percent to 12.7 billion dollars compared to the prior year and were up 10 percent on a currency-neutral basis. However, gross margin decreased 220 basis points to 44.3 percent, while net income was 1.5 billion dollars, down 22 percent and diluted earnings per share were 93 cents, decreasing 20...

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