Coty Inc. stock soared Thursday, rising almost 14 percent, to 16.80, after the beauty company beat Wall Street expectations.
Coty’s sales for the first fiscal quarter of 2018 were boosted by some of its acquisitions, including social selling business Younique and hair tools brand Ghd. While Coty’s Luxury and Professional segments posted significant gains, the Consumer Beauty division, which contains brands like Cover Girl and Rimmel, “is still not where it should be,” said Camillo Pane, Coty chief executive officer, in an interview. “I’m not happy about it, but we are starting to see signs of stabilizing the business,” Pane said.
Ralph Lauren can add a new notch to his leather belt: Honorary Knighthood. A representative of Her Majesty Queen Elizabeth II will present the honor to the iconic American designer at a ceremony next year, reports @lisajlockwood . #wwdnews
Cosmetics entrepreneur Charlotte Tilbury came face to face with one of her inspirations when Queen Elizabeth handed her an MBE, or Member of the Most Excellent Order of the British Empire, at Buckingham Palace earlier today. #wwdbeauty
Stella McCartney has been designing wedding looks for customers, friends, family — and herself — for years.
And now, leveraging the success of the dress she designed for the Duchess of Sussex’s wedding reception in May, McCartney is launching, Made with Love, a bridal line including eight dresses and an ivory tuxedo, reports @natalietheodosi . “I feel very protective over the bride, because I know what it was like when I got married, and for me to do my own wedding dress. There are moments that are so personal and private, so emotional and loaded with many different issues,” McCartney told WWD in an interview in June. “I think we are really blessed to have the emotional trust with a woman. She’ll come in and feel the love that we put into everything. What she chooses can be conventional or unconventional. It’s a personal experience.” #wwdnews