The business is cutting about 80 positions in the first quarter.
Prestige beauty manufacturers can take heart: Sales of beauty products hit a record $8.2 billion at retail last year, a 4 percent annual gain.
J.C. Penney’s announcement this week that it will open 1,500- to 1,800-square-foot Sephora departments in its stores marks a 360-degree turnaround in Penney’s beauty strategy.
Kathy Cullin, president of global beauty care at fragrance supplier Symrise, is headed to Clarins to become vice president of sales for Clarins Fragrance Group.
After several weeks of deliberation, The New Yorker’s fashion director, Michael Roberts, accepted an offer from Vanity Fair this week.
Miuccia Prada hasn’t been to New York in almost a year, so her trip to Gotham next week is naturally being feted with a big bang.