Last week in beauty Douglas cuts again its annual forecast while Nykaa wants to triple its GMV by 2030.
DOUGLAS CUTS ANNUAL FORECAST PLANNING NEARLY FLAT SALES
Douglas has once again lowered its annual revenue forecast, now expecting growth between 0% and 1% for fiscal 2025/26, down from the previous target of 4.65–4.80 billion euros, citing weaker-than-expected trading in the third quarter. The German perfumery chain, which owns Nocibé, also reduced its adjusted EBITDA margin outlook to approximately 15%, sending shares down over 7%.
NYKAA TARGETS $5 BILLION GMV BY FISCAL 2030
Indian beauty and fashion retailer Nykaa has set a goal to exceed $5 billion in gross merchandise value by fiscal 2030, aiming to triple its beauty business GMV from fiscal 2026 levels and expand its store network from 313 to over 600 locations. The company expects revenue to increase two to three times and EBITDA to grow four to five times, with margins expanding into the low-to-mid teens, supported by rising consumer spending in India.
CHANEL OPENS NEW €150 MILLION FRAGRANCE FACILITY IN FRANCE
Chanel has officially opened its new state-of-the-art fragrance manufacturing facility in Venette, France, representing a €150 million investment and capable of producing up to 50 million perfume bottles annually. The 30,000-square-meter site consolidates all Chanel fragrance production under one roof, creates 250–300 jobs, and allows the existing Compiègne facility to focus exclusively on beauty products, as luxury fragrance continues to drive growth.
EU AGREES ON SIMPLIFIED COSMETICS AND CHEMICALS REGULATIONS
The European Parliament and Council have reached a political agreement on the “Omnibus VI” package, accelerating the phase-out of cosmetics containing prohibited CMR substances, with companies given six months to stop placing affected products on the market and 12 months to remove them from sale. The package also reintroduces mandatory notification for products containing nanomaterials and introduces more flexible chemical labelling requirements, including expanded digital label options, with the European Commission estimating annual industry savings of at least €363 million.
FLIPKART LAUNCHES GLOBAL BEAUTY LUXE STORE
Flipkart Beauty has launched its Global Beauty Luxe Store, offering Indian consumers access to more than 100 international beauty brands including Eucerin, CeraVe, Gucci and Beauty of Joseon, as the platform reports 50% year-on-year category growth. The move targets growing demand for premium and science-backed beauty products, with Gen Z accounting for nearly 60% of beauty purchases and two-thirds of searches coming from non-metro cities.
LVMH UNIFIES BEAUTY STRATEGY FOR PARISIAN STORES
La Samaritaine and Le Bon Marché are pooling their beauty market intelligence while maintaining distinct identities: La Samaritaine targets a global audience with a 3,400-square-meter beauty section featuring 124 brands, while Le Bon Marché focuses on local loyalty with nearly half of its 130 brands exclusive to the store. The collaboration, under unified governance since spring 2025, includes shared competitive intelligence and sourcing, with niche perfumery emerging as a key growth driver for both department stores.
AS WATSON LAUNCHES BRAND LAB PLATFORM
AS Watson has launched a data-driven platform called AS Watson brand lab to identify, develop and scale beauty brands across its global network of more than 17,000 stores and 180 million loyalty members. The platform focuses on high-growth categories including K-Beauty, ingredient-led skincare and premium personal care, and has already introduced over 4,800 brands and extensions in the past two years.
L’ORÉAL ISSUES FIRST CHF500M BOND OFFERING
L’Oréal has completed its first bond issuance in the Swiss franc market, raising CHF500 million through a dual-tranche offering to diversify its funding sources and strengthen financial flexibility. The debut in the Swiss debt market forms part of the company’s broader financing strategy to support long-term investment, acquisition and growth objectives.
GLOSSIER SECURES $45 MILLION DEBT FINANCING
Glossier has secured a $45 million revolving credit facility from Tiger Finance to support its next phase of growth, deepening customer engagement and creating new brand experiences. The financing comes as the company continues its turnaround strategy, having shifted from a direct-to-consumer model toward wholesale distribution through Sephora while focusing on improving profitability.
IFF SECURES $1 BILLION LOAN TO REFINANCE DEBT
IFF has secured a $1 billion senior unsecured term loan to refinance its €800 million senior notes due in 2026, with proceeds from the planned sale of its Food Ingredients business earmarked to repay the facility. The financing supports IFF’s balance sheet strategy ahead of the divestment, which is expected to generate approximately $3.8 billion in net proceeds.
PARFUMS DE MARLY OPENS THIRD PARIS BOUTIQUE IN LE MARAIS
Parfums de Marly has inaugurated its third Paris boutique at 45 rue Vieille du Temple in the Marais, designed by architect Hubert de Malherbe to evoke the spirit of the Château de Marly with artisanal craftsmanship and a virtual reality tour of the historic palace. The store features an olfactorium for discovering the house’s raw materials and offers a curated gifting experience with embossed cards and ceramic scent stones.
CHANEL OPENS ROUGE COCO POP-UP AT SELFRIDGES
Chanel has opened an outdoor kiosk at Selfridges’ Duke Street entrance to promote its Rouge Coco Hydra Gloss, offering shade matching, themed refreshments and a limited-edition beauty magazine. The immersive pop-up runs until June 29 only.
PREQUEL SKINCARE LAUNCHES IN THE UK AT SPACE NK
Prequel, the US skincare brand founded by board-certified dermatologist Dr Samantha Ellis, is launching exclusively at Space NK in the UK on 14 July. The core collection features barrier-supporting, fragrance-free formulas including the hero Gleanser, with the brand already available in the US at Target.
BATH & BODY WORKS LAUNCHES AT ULTA BEAUTY
Bath & Body Works is expanding its reach through a new strategic partnership with Ulta Beauty, bringing a curated assortment of body care and home fragrance products to more than 600 stores nationwide and Ulta.com starting July 12, 2026. The launch includes iconic signature scents, a White Barn Neutrals candle collection, and the exclusive return of nostalgic favorite Juniper Breeze, as the company seeks to reposition itself from a specialty retailer into a category-leading global brand.
HALO RAISES $7M FOR AUTOMATED BRAIDING ASSISTANT
Halo, a hair-tech startup founded by Harvard bioengineering graduate Yinka Ogunbiyi, has raised a $7 million seed round led by Alexis Ohanian’s 776 to launch HaloBraid, an automated assistant that helps stylists complete braids in half the time. The product, set to debut in salons this fall, aims to address the pain points of lengthy braiding sessions for both customers and stylists.
LA ROCHE-POSAY NAMED EXCLUSIVE SUNCARE SUPPLIER FOR WIMBLEDON
L’Oréal-owned La Roche-Posay has been appointed the exclusive suncare supplier for Wimbledon, distributing over 500,000 sunscreen samples and offering skin health education with dermatologist consultations to attendees. The partnership, supported by world No.1 tennis player Jannik Sinner, aims to promote sun protection awareness as UK melanoma rates have risen approximately 30% over the past decade.
NIVEA MEN RENEWS REAL MADRID PARTNERSHIP WITH FOCUS ON INDIA
NIVEA MEN and Real Madrid have extended their long-standing partnership with an increased focus on fan engagement in India, launching consumer activations that offer trips to Spain and official club merchandise. The campaign leverages football’s growing popularity in India to strengthen brand relevance among younger male consumers through experiential marketing and passion-point engagement.
VIETNAMESE BEAUTY BRANDS COCOVIE TARGETS CHINA EXPANSION
Vietnamese cosmetics start-up Cocovie is preparing to enter China’s beauty market with coconut-based skincare and haircare products, targeting $1 million in first-year sales across major cities like Shanghai and Guangzhou. The already-profitable company, which sources coconuts from the Mekong Delta, aims to compete with both global and domestic beauty brands by offering natural, clean formulations and allocating one yuan per product sold in China to environmental and social initiatives.
