Today at CEW, we spotlight The Ordinary skin care’s arrival on Amazon, debuting a range of its bestselling products on the retailer’s Premium Beauty storefront. “Amazon Premium Beauty will enable us to provide safe and effective delivery on our promise of science-driven beauty,” commented Nicola Kilner, Co-Founder of The Ordinary. “With customers at the heart of everything we do, we’re excited to see this collaboration with Amazon grow.” Meanwhile, Milk Makeup will make its Ulta Beauty debut in March, both online and in more than 600 stores. “We’re launching a very complete collection, and there are some things that are still going to be unique to Sephora,” said Tim Coolican, CEO of Milk Makeup.
Fashion United reports today that LVMH shares fell this morning, after the group reported revenues of 84.68 billion euros for 2024. These exceeded the 84.38 billion euros forecast by LSEG analysts, according to the article, which notes that, despite a strong performance by Sephora and revenue growth in key markets, “profit was impacted by exchange rate fluctuations and declining sales in some key brands.” Bernard Arnault, Chairman and CEO of LVMH, said, “In 2024, amid an uncertain environment, LVMH showed strong resilience.”
In other LVMH news, Sephora has premiered its first international film, Beauty & Belonging, as part of BrandStorytelling at Sundance. Featuring conversations with 75 Sephora employees, it’s billed as an ‘immersive documentary’. Meanwhile, Stella McCartney has bought back the minority stake of her eponymous fashion business from LVMH, having launched her minimalist beauty range, Stella, in 2022. She will still serve as an “ambassador and sustainability advisor” to the executive team, reports WWD.
DSM-Firmenich Beauty & Care has tapped Brielle Baker as its new Senior Account Manager, Beauty and Care, North America. Baker joins the company from Tri-K Industries, where she was an account manager. And, speaking of fragrance, the new Jil Sander Olfactory Series 1 collection of six, high-end scents made its debut yesterday.
Read more on these and other stories at the links below.
The Ordinary Launches On Amazon. “Amazon Premium Beauty will enable us to provide safe and effective delivery on our promise of science-driven beauty,” said Nicola Kilner, Co-Founder of The Ordinary. (MARKET SCREENER)
Milk Makeup Enters Ulta Beauty. The frequently viral color cosmetics range will go into more than 600 Ulta Beauty doors in March, and online. (WWD)
LVMH Shares Drop. This morning shares in the French luxury group fell after it reported revenues of 84.68 billion euros for 2024. (FASHION UNITED)
Stella McCartney Buys Back Minority Stake In Her Brand. The designer is now in full control of the business, after working with LVMH for the last five years. (COSMETICS BUSINESS)
DSM-Firmenich Beauty & Care Taps Brielle Baker As New Senior Account Manager. Baker was previously an account manager art Tri-K Industries. (HAPPI)
Sephora Premieres Beauty & Belonging Film At Sundance. Directed by Anastasia Mikova, it is described as an ‘immersive documentary’. (GLOBAL COSMETICS NEWS)
Jil Sander Drops New High End Scent Collection. Oil Sander Olfactory Series 1 collection debuted yesterday. (MARIE CLAIRE)
Kiehl’s Since 1851 Enters Second Year At Jackson Hole Mountain Resort (JHMR). The brand is now the resort’s Official Skincare and SPF Partner for 2025. (BEAUTY PACKAGING)
