United Kingdom

Praveen Paramasivam

Coty changes CEO again, hires former L'Oreal executive to revive sales

3:04pm BST

Coty Inc on Thursday named former L'Oreal executive Sue Nabi as chief executive officer, the cosmetics maker's fifth since its multi-billon dollar deal with Procter & Gamble nearly five years ago.

UPDATE 2-Kroger says demand easing after coronavirus stockpiling

18 Jun 2020

June 18 U.S. supermarket chain Kroger Co stopped short of raising its annual forecasts on Thursday, saying a coronavirus-driven surge in demand for essential goods was fading as American households reconsider what they have on their shelves.

Campbell Soup raises 2020 forecasts on strong sales in pandemic

03 Jun 2020

Campbell Soup Co raised its 2020 outlook after beating expectations for third-quarter results as consumers stocked up on soup and sauces during the pandemic.

UPDATE 4-Coty names Chairman Harf as CEO to oversee turnaround

01 Jun 2020

June 1 Coty Inc said on Monday Peter Harf, chairman of both the company and its top investor JAB Holdings, would return as chief executive officer after nearly two decades to help the cosmetics maker revive its business amid the coronavirus crisis.

KKR snaps up Coty's Wella as pandemic dulls beauty sales

11 May 2020

Coty Inc is selling a majority stake in its hair and nail care business to U.S. buyout firm KKR & Co Inc for $3 billion in cash, well below what it was valued before the coronavirus pandemic ravaged the beauty business.

Beyond Meat takes to grocery stores as lockdowns hit sales at restaurants

06 May 2020

Beyond Meat Inc beat quarterly profit and revenue estimates on Tuesday, benefiting from rising demand for its plant-based products at supermarkets and grocery chains and amid weak sales from restaurants due to COVID-19 lockdowns.

Estee Lauder warns of weak sales as most stores remain shut under lockdown

01 May 2020

Estee Lauder on Friday warned of weak quarterly sales due to COVID-19-led lockdowns in several markets, after it beat Wall Street's lowered estimates for third-quarter profit and sales on growth in China and higher online demand.

Beyond Meat posts profit miss, dragged by investment, marketing costs; shares fall

28 Feb 2020

Beyond Meat Inc on Thursday missed quarterly earnings expectations due to higher costs, and said Executive Chairman Seth Goldman would give up his executive status, while remaining chair of the board, sending shares down 10% in after-hours trade. | Video

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