Consumer Division sales: €6.27 billion, This
That was driven by Estée Lauder’s Double Wear line, Tom Ford, Bobbi Brown and La Mer. essentially the current ‘health’ of the brand. The year was also marked by an improvement in the Professional Products division, which had been hampered by a lackluster salon market for several years, and growth within Consumer Products, notably thanks to the L’Oréal Paris brand. Meanwhile, challenger brands, as well as big labels from China proved a destabilising force, resulting in a lot of movement compared with 2018’s ranking. In a classic David and Goliath situation, popular new digital-first
With that handled, Coty turned to its other business units, and ultimately decided to sell the professional division, which has been relatively stable. WWD Beauty Inc ranks the world’s largest beauty manufacturers. First Aid Beauty, SK-II, Snowberry (skin care). Executives have expressed interest in expanding the brands in more channels and geographies. P&G’s hair portfolio posted its best sales growth in nearly a decade, with increases driven by the company’s largest market—the U.S. P&G also made gains in China, which it attributed to innovation and marketing efforts. Unilever Ventures, the company’s investment vehicle, took stakes in clean makeup start-up Saie Beauty and Australian skin-care brand Dr Roebuck’s, and contributed to an investment round in coconut-based beauty line Kopari. The firm also took a significant stake in South Korean data-driven skin-care and tech start-up LYCL Inc. via its venture fund. PROFESSIONAL PRODUCTS: L’Oréal Professionnel, Redken, Kérastase, Matrix, Pureology. The division’s operating profit was however impacted by expenses related to investment in product development under its younger brands. Subscribers sign-in (top right) to read the article. of schedule. In early February 2020, L’Oréal announced plans to divest the Roger & Gallet brand to French investment holding concern Impala after a strategic review. As for its beauty activity, Chanel registered growth in every category and region, with its strongest results coming from Asia and skin care. Garnier was driven by emerging markets and its Tissue Masks and Micellar Cleansing Water products, and enhanced its initiatives in the organic and naturals space. China: 14% +3.5% VS. 2018 (EST.). Non-U.S.-based firms’ sales are converted into dollars according to the 2019 average yearly exchange rate. In one of beauty’s buzziest M&A moves of the year, Shiseido Americas snapped up clean skin-care brand Drunk Elephant in November for $845 million. Unilever’s prestige brands—with total sales of approximately €600 million—continued to see double-digit growth, with Dermalogica, Hourglass and Living Proof performing particularly well, according to the company. Perfumes and Cosmetics Division profit from recurring operations:€683 million, +1%, Number of branded beauty stand-alone stores:426, +20.3%. different digital platforms,” Brown notes. was marked by the loss of its legendary longtime creative director, Karl Lagerfeld, who passed away in February after 36 years in the role. Several brands drove sales, including Estée Lauder, which has created a thriving franchise around Advanced Night Repair and also saw strong sales around Re-Nutriv and Micro Essence, and La Mer, which gained broadly. MAIN BRANDS:BEAUTY & PERSONAL CARE: AHC, Axe/Lynx, Clear, Dollar Shave Club, Dove, Dove Men+Care, Lifebuoy, Love Beauty and Planet, Lux, Nexxus, Pond’s, Rexona/Sure/Degree, Schmidt’s Naturals, Shea Moisture, Simple, Skinsei, St. Ives, Suave, Sunsilk/Seda/Sedal, TIGI, TRESemmé, Vaseline, The Right to Shower. P&G Beauty didn’t make any beauty acquisitions in 2019, but the larger organization clearly demonstrated interest in the wellness category with the acquisition of This is L, which makes organic tampons. By geographic zone, Asia-Pacific became the group’s biggest region in terms of sales, thanks to what L’Oréal described as “a remarkable end to the year in China,” reporting results before the coronavirus pandemic. Bruno Banani, Katy Perry, David Beckham, Nautica (mass fragrance). Maison Francis Kurkdjian saw success with Baccarat Rouge 540 and the launch of Gentle Fluidity. In an age of body positivity and diversity embraced by brands from Savage by Fenty to ThirdLove or Aerie, Victoria’s Secret stuck to sexy messaging—and it showed in terms of the company’s sales, which plummeted. During the year, Native, a direct-to-consumer deodorant and personal-care business that P&G bought in 2017, expanded within brick-and-mortar retail with Target, Walmart and Walgreens. Year-on-year percentage changes are in reported terms, not on a like-for-like or constant-currency basis. Adidas, Cenoura & Bronze, Paixão, Bozzano, Monage (body care). Beiersdorf; L'Oreal; Estée Lauder Companies; Colgate Palmolive; L'Occitane; Louis Vuitton Moet Hennessy; Johnson and Johnson; Natura; Chanel; COTY; Oriflame; Clarins SA; Amorepacific; Procter and Gamble; Shiseido; Unilever Group; Avon Products; Kose; Henkel; Revlon Group; Pola Orbis Holdings; Kao Corporation; Brand Finance plc; Pechoin The privately owned firm continued to ramp up its stand-alone retail and e-commerce footprints. Celebrations Erupt in New York City and Los Angeles Following the Announcement of a Biden Presidency. Sally Hansen, Risque (nail products). Things were much brighter at Bath & Body Works, which was slated to be spun into its own public company in the second quarter of 2020 before the global coronavirus pandemic. Miss Dior, J’Adore and Sauvage also grew, as did high-end line Maison Christian Dior. the lower rungs of the 2018 top 50 saw their revenues chipped away by
Alex Keith, who was already leading the beauty segment within P&G, was promoted to chief executive officer of P&G Beauty in mid-2019, making her the Les Beiges Eau de Teint, a patented innovative foundation with micro-droplet pigment technology, launched in early 2019. (+3% organic), North America: €497 million, +12.4% (+3.8% organic)Latin America:€648 million, +6.3% The company’s international business grew by about 20 percent during the year, L Brands executives said on a company earnings call, to about $400 million in retail sales. Calvin Klein, Hugo Boss, Marc Jacobs, Chloé, Balenciaga, Bottega Veneta, Alexander McQueen, Davidoff, Miu Miu, Lacoste, Stella McCartney, Tiffany & Co., Joop!, Jil Sander, Roberto Cavalli, Escada (prestige fragrance). In the U.S., new launch Retinol 24 has done well, as have Olay Whips moisturizers, introduced in 2018.
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