Chinese private equity firm buys majority stake in Jason Wu; Luxury skincare boom: Estée Lauder raises full year guidance for the second time; sales up 90 per cent for daigou-focused AuMake; and 8.3 million Australians buy vitamins and supplements.
Described as “far from a war on makeup,” Makefree May asks participants to take a break from a “societal norm that many women participate in without question."
South Korea's LG buys Avon North America for US$125 million; Unilever Ventures invests in Australian skincare brand Dr Roebuck's; Aussie link to Kendall Jenner's first beauty venture; and growth in beauty sales fuels P&G's Q3 results.
The 86-year-old son of Estée Lauder is working on a book detailing the story of his parents’ company, as well as all of the business lessons he has learnt.
