Category Beauty

Cosmed explores the future of AI in cosmetic laboratories

The next edition of the Cosmed Scientific Congress will take place on September 27, 2024 in Montpellier, France, under the theme: “AI in cosmetics laboratories”</strong>. Around 200 experts from the cosmetics industry are expected to attend the event that will…

Sephora to cut jobs in China, as market slowdown deepens

In a challenging Chinese market where demand has fallen, the beauty retailer is downsizing its workforce. According to the subsidiary of the LVMH group, “less than 3%” of its 4,000 employees in China would be concerned. Bloomberg has earlier reported…

Coty’s annual sales surge but profits crumble

The New York-headquartered cosmetics and perfume group announced on August 20 a 10% increase in sales for its staggered 2023/2024 financial year, even though its net profit was divided by 6.5 due to an unfavorable comparison basis. Sales reached USD…