The US subsidiary of Italian cosmetics company Kiko filed for Chapter 11 bankruptcy last Thursday, and will be closing almost all of its remaining stores. The brand has blamed weak sales for its recent struggles.
The tech giant has compiled a list of ‘Styles and trends', revealing that the top search was for ‘Beauty Blender', the makeup sponge applicator that has become a must-have cosmetics tool over recent years.
Beauty specialty retailer Ulta Beauty reported on Thursday another positive third quarter that included a net income increase of 19.5 percent to $104.6 million despite its core makeup category slowing down.
In the hope of regaining market relevance, Avon's President, Miguel Fernandez, has directed the company to invest $120m to improve product, make technological updates, and to train its sales people to perform better.