Pre-Christmas retail sales exceed forecast to hit $52.89 billion; L Brands business splits - Victoria's Secret heads private and Bath & Body Works becomes a standalone; travel retail: Lotte to debut Sydney store and Heinemann retains key airport duty-free concession; and L'Oréal see uplift in online sales in China for February.
KKR emerges as frontrunner to buy Coty Professional Beauty Division; Edgewell exits US$1.37 billion acquisition of Harry's; Kering Group sales reach US$17.32 billion; and Brazil's Grupo Boticario announces major expansion.
Beiersdorf buys sustainable skincare brand; L'Oréal's sales growth in 2019 breaks another record; Estée Lauder delivers double-digit growth in Q2; and Roger & Gallet on the block.