Latest news with #SueNabi
Yahoo
6 days ago
- Business
- Yahoo
Marc Jacobs Celebrates Anniversary at Maison Orveda
NEW YORK, June 04, 2025--(BUSINESS WIRE)--Maison Orveda on Madison Avenue, the wellness sanctuary of the French multi-award-winning biotech skincare brand, hosted an intimate conversation between Marc Jacobs, one of the most recognized names in design, fashion, and beauty, and Bridget Foley, fashion journalist and author. The evening also commemorated the 20th anniversary of Marc Jacobs, the designer's landmark book published by Assouline, celebrating two decades of cultural influence and creative vision. Reflecting on his career spanning fashion and beauty, Marc Jacobs said, "When I first saw my name on a bottle of perfume, I thought to myself, I am a legitimate designer. It was such a landmark." The conversation, introduced by Andrea DiNunzio, Coty General Manager, Ultra-Luxury Skincare & Fragrance USA, explored Marc Jacobs' enduring influence across eras and aesthetics, the emotional clarity of his work and the cultural impact of Marc Jacobs Fragrance. Guests were also given a quiet preview of what's to come: the return of Marc Jacobs Beauty – the next chapter of his iconic makeup line developed in collaboration with Coty. "Marc Jacobs is a cultural force, and we are proud to partner with him to celebrate 20 years of fashion and beauty innovation," said Sue Nabi, CEO of Coty and co-founder of Orveda. "As an absolute skincare expert, he values Orveda's cutting edge science with highly concentrated, yet gentle formulas." Nicolas Vu, co-founder of Orveda, said: "Marc's presence at Maison Orveda celebrates our shared belief in beauty as emotion, reinvention, and connection. His passion for longevity science deeply resonates with Orveda's philosophy — a commitment to healing the skin's past, present, and future." Part of Orveda's Cultural Tastemakers Series, the event brought together artistry, intention, and innovation in a space designed to ignite the mind, spirit, and skin. As a symbol of Orveda's evolving vision for wellness-centered luxury, the Maison– like Marc Jacobs – stands at the vanguard: where trendsetting meets trailblazing, and where beauty is constantly being reimagined through purpose, progress, and poetic expression. ABOUT ORVEDA Awarded with the most prestigious beauty awards and recommended by surgeons and aesthetic doctors for pre- and post-procedure care, Orveda is a premium skincare brand that redefines skincare with its highly concentrated active ingredients through biotechnology – working with your skin, not against it. Orveda pushes the boundaries of traditional cosmetics, setting a benchmark for clean, green, and vegan skincare. Founded by beauty visionaries Nicolas Vu and Sue Nabi, and under license with Coty since 2021, Orveda reconciles the wisdom of ancient medicine with the virtues of futuristic science. ABOUT COTY Founded in Paris in 1904, Coty (NYSE: COTY) (Paris: COTY) is one of the world's largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care. Coty serves consumers around the world, selling prestige and mass market products in over 120 countries and territories. Coty and our brands empower people to express themselves freely, creating their own visions of beauty; and we are committed to protecting the planet. Learn more at or on LinkedIn and Instagram. View source version on Contacts For more information: Miriam MahlowMiriam_Mahlow@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
7 days ago
- Business
- Business Wire
Marc Jacobs Celebrates Anniversary at Maison Orveda
NEW YORK--(BUSINESS WIRE)--Maison Orveda on Madison Avenue, the wellness sanctuary of the French multi-award-winning biotech skincare brand, hosted an intimate conversation between Marc Jacobs, one of the most recognized names in design, fashion, and beauty, and Bridget Foley, fashion journalist and author. The evening also commemorated the 20th anniversary of, the designer's landmark book published by Assouline, celebrating two decades of cultural influence and creative vision. Reflecting on his career spanning fashion and beauty, Marc Jacobs said, 'When I first saw my name on a bottle of perfume, I thought to myself, I am a legitimate designer. It was such a landmark.' The conversation, introduced by Andrea DiNunzio, Coty General Manager, Ultra-Luxury Skincare & Fragrance USA, explored Marc Jacobs' enduring influence across eras and aesthetics, the emotional clarity of his work and the cultural impact of Marc Jacobs Fragrance. Guests were also given a quiet preview of what's to come: the return of Marc Jacobs Beauty – the next chapter of his iconic makeup line developed in collaboration with Coty. 'Marc Jacobs is a cultural force, and we are proud to partner with him to celebrate 20 years of fashion and beauty innovation,' said Sue Nabi, CEO of Coty and co-founder of Orveda. 'As an absolute skincare expert, he values Orveda's cutting edge science with highly concentrated, yet gentle formulas.' Nicolas Vu, co-founder of Orveda, said: 'Marc's presence at Maison Orveda celebrates our shared belief in beauty as emotion, reinvention, and connection. His passion for longevity science deeply resonates with Orveda's philosophy — a commitment to healing the skin's past, present, and future.' Part of Orveda's Cultural Tastemakers Series, the event brought together artistry, intention, and innovation in a space designed to ignite the mind, spirit, and skin. As a symbol of Orveda's evolving vision for wellness-centered luxury, the Maison– like Marc Jacobs – stands at the vanguard: where trendsetting meets trailblazing, and where beauty is constantly being reimagined through purpose, progress, and poetic expression. ABOUT ORVEDA Awarded with the most prestigious beauty awards and recommended by surgeons and aesthetic doctors for pre- and post-procedure care, Orveda is a premium skincare brand that redefines skincare with its highly concentrated active ingredients through biotechnology – working with your skin, not against it. Orveda pushes the boundaries of traditional cosmetics, setting a benchmark for clean, green, and vegan skincare. Founded by beauty visionaries Nicolas Vu and Sue Nabi, and under license with Coty since 2021, Orveda reconciles the wisdom of ancient medicine with the virtues of futuristic science. ABOUT COTY Founded in Paris in 1904, Coty (NYSE: COTY) (Paris: COTY) is one of the world's largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care. Coty serves consumers around the world, selling prestige and mass market products in over 120 countries and territories. Coty and our brands empower people to express themselves freely, creating their own visions of beauty; and we are committed to protecting the planet. Learn more at or on LinkedIn and Instagram.
Yahoo
7 days ago
- Business
- Yahoo
Marc Jacobs Celebrates Anniversary at Maison Orveda
NEW YORK, June 04, 2025--(BUSINESS WIRE)--Maison Orveda on Madison Avenue, the wellness sanctuary of the French multi-award-winning biotech skincare brand, hosted an intimate conversation between Marc Jacobs, one of the most recognized names in design, fashion, and beauty, and Bridget Foley, fashion journalist and author. The evening also commemorated the 20th anniversary of Marc Jacobs, the designer's landmark book published by Assouline, celebrating two decades of cultural influence and creative vision. Reflecting on his career spanning fashion and beauty, Marc Jacobs said, "When I first saw my name on a bottle of perfume, I thought to myself, I am a legitimate designer. It was such a landmark." The conversation, introduced by Andrea DiNunzio, Coty General Manager, Ultra-Luxury Skincare & Fragrance USA, explored Marc Jacobs' enduring influence across eras and aesthetics, the emotional clarity of his work and the cultural impact of Marc Jacobs Fragrance. Guests were also given a quiet preview of what's to come: the return of Marc Jacobs Beauty – the next chapter of his iconic makeup line developed in collaboration with Coty. "Marc Jacobs is a cultural force, and we are proud to partner with him to celebrate 20 years of fashion and beauty innovation," said Sue Nabi, CEO of Coty and co-founder of Orveda. "As an absolute skincare expert, he values Orveda's cutting edge science with highly concentrated, yet gentle formulas." Nicolas Vu, co-founder of Orveda, said: "Marc's presence at Maison Orveda celebrates our shared belief in beauty as emotion, reinvention, and connection. His passion for longevity science deeply resonates with Orveda's philosophy — a commitment to healing the skin's past, present, and future." Part of Orveda's Cultural Tastemakers Series, the event brought together artistry, intention, and innovation in a space designed to ignite the mind, spirit, and skin. As a symbol of Orveda's evolving vision for wellness-centered luxury, the Maison– like Marc Jacobs – stands at the vanguard: where trendsetting meets trailblazing, and where beauty is constantly being reimagined through purpose, progress, and poetic expression. ABOUT ORVEDA Awarded with the most prestigious beauty awards and recommended by surgeons and aesthetic doctors for pre- and post-procedure care, Orveda is a premium skincare brand that redefines skincare with its highly concentrated active ingredients through biotechnology – working with your skin, not against it. Orveda pushes the boundaries of traditional cosmetics, setting a benchmark for clean, green, and vegan skincare. Founded by beauty visionaries Nicolas Vu and Sue Nabi, and under license with Coty since 2021, Orveda reconciles the wisdom of ancient medicine with the virtues of futuristic science. ABOUT COTY Founded in Paris in 1904, Coty (NYSE: COTY) (Paris: COTY) is one of the world's largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care. Coty serves consumers around the world, selling prestige and mass market products in over 120 countries and territories. Coty and our brands empower people to express themselves freely, creating their own visions of beauty; and we are committed to protecting the planet. Learn more at or on LinkedIn and Instagram. View source version on Contacts For more information: Miriam MahlowMiriam_Mahlow@
Yahoo
07-05-2025
- Business
- Yahoo
Coty (NYSE:COTY) Misses Q1 Sales Targets
Beauty products company Coty (NYSE:COTY) fell short of the market's revenue expectations in Q1 CY2025, with sales falling 6.2% year on year to $1.30 billion. Its non-GAAP profit of $0.01 per share was 81% below analysts' consensus estimates. Is now the time to buy Coty? Find out in our full research report. Coty (COTY) Q1 CY2025 Highlights: Revenue: $1.30 billion vs analyst estimates of $1.31 billion (6.2% year-on-year decline, 1% miss) Adjusted EPS: $0.01 vs analyst expectations of $0.05 (81% miss) Adjusted EBITDA: $204.2 million vs analyst estimates of $188.4 million (15.7% margin, 8.4% beat) Operating Margin: 17.4%, up from 5.6% in the same quarter last year Free Cash Flow was -$168.4 million compared to -$234.3 million in the same quarter last year Organic Revenue was flat year on year Market Capitalization: $4.50 billion "Across economic cycles, beauty has remained resilient for decades. Even in this challenging landscape, we have significantly strengthened our strategic, operational, and financial fundamentals, driving margin expansion, stronger cash flow generation, and substantial deleveraging over the past four years,' said Sue Nabi, Coty's CEO. Company Overview With a portfolio boasting many household brands, Coty (NYSE:COTY) is a beauty products powerhouse spanning cosmetics, fragrances, and skincare. Sales Growth Examining a company's long-term performance can provide clues about its quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. With $6.00 billion in revenue over the past 12 months, Coty carries some recognizable products but is a mid-sized consumer staples company. Its size could bring disadvantages compared to larger competitors benefiting from better brand awareness and economies of scale. As you can see below, Coty's 4.9% annualized revenue growth over the last three years was tepid. This shows it failed to generate demand in any major way and is a rough starting point for our analysis. Coty Quarterly Revenue This quarter, Coty missed Wall Street's estimates and reported a rather uninspiring 6.2% year-on-year revenue decline, generating $1.30 billion of revenue. Looking ahead, sell-side analysts expect revenue to grow 1.6% over the next 12 months, a deceleration versus the last three years. This projection doesn't excite us and indicates its products will see some demand headwinds. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
Business Mayor
26-04-2025
- Business
- Business Mayor
The Weekly Closeout: Coty to cut 700 jobs, Adidas sports double-digit growth
It's been another week with far more retail news than there is time in the day. Below, we break down some things you may have missed during the week, and what we're still thinking about. From the story of how Old Navy got its name to KFC's drumstick purse, here's our closeout for the week. Coty to cut 700 jobs in transformation initiative Coty is eliminating around 700 positions as part of the next phase of its strategic transformation, the beauty conglomerate announced Thursday. The 'All-in to Win' program aims to simplify and scale the company's operating model, reduce complexities across markets and functions, and focus on innovation. 'We are committed to building a stronger, more resilient Coty that is well-positioned for sustainable growth. When we first announced our All-in to Win Program in FY20, at the peak of COVID disruptions, our goal was to boost our margin profile and brand reinvestment firepower through a significantly lower fixed cost structure, supply chain simplification, procurement savings and strategic revenue management initiatives,' Coty CEO Sue Nabi said in a statement. The company generated over $700 million in savings between fiscal year 2021 and 2024, expanded gross margin by over 400 basis points and delivered over 130 basis points of EBITDA margin expansion. The next phase of its transformation, which should occur through the first half of fiscal 2027, is expected to generate annual fixed cost savings of about $130 million before taxes, which includes $80 million in 2026 and $50 million in 2027. Zales' latest tactic to dazzle Gen Z The jewelry retailer this week launched a campaign dubbed 'Own It,' which aims to court 'a new generation of confident, fashion-forward consumers who are redefining what it means to wear jewelry – no occasion needed.' Read More Bath & Body Works CFO stepping down this summer The campaign, directed by filmmaker Marie Schüller, highlights fine jewelry that can be worn every day. Coinciding with the campaign, Zales has revamped its assortment with trend-driven pieces that feature lab-grown diamonds at 'accessible price points.' 'Jewelry is for every occasion — morning coffee, dog walks, even the gym. We're here to make fine jewelry effortless, wearable, and unapologetically you,' Lionel Cipriano, Zales' creative director, said in a statement. 'No rules — just stunning pieces that fit your life. Diamonds with denim? Absolutely. Gold hoops for the morning commute? Why not! When you wear what makes you feel good, you shine. So, own it.' Charles and Colvard delisted from Nasdaq Fine jewelry company Charles and Colvard on Tuesday announced that it has been delisted from the Nasdaq. The company was out of compliance with the stock exchange for failure to file quarterly forms with the U.S. Securities and Exchange Commission, according to a company press release. Charles and Colvard could appeal the decision, but has determined not to take action. ' This decision was based on a careful review of numerous factors, including the potential for limiting the significant costs associated with remaining listed on Nasdaq and complying with Nasdaq listing standards,' the company said. Suspension of its stock will take place Friday. It's poultry in motion Funko brand Loungefly launched an accessories collection in collaboration with KFC. The Original Recipe inspired collection includes a sherpa drumstick crossbody bag for $75, a mini backpack for $80 and a Colonel Sanders wallet at $40. Image courtesy of Loungefly The collection is available at Loungefly's website starting Friday. Here's how Old Navy got its name If you ever wondered how Old Navy arrived at its name , Mickey Drexler solved the mystery this week. In a LinkedIn post, the former CEO of Gap Inc and Old Navy founder said that he 'borrowed' it. 'I was on my way to the airport in Paris ….daydreaming looking out the window – and there it was. A neon-lit marquee with the name 'Old Navy' – (it happened to be a dive bar).' Drexler said he registered the name as a trademark in the U.S. the next morning. 17% That's how much Adidas' sales grew on a currency-neutral basis in Q1, excluding Yeezy sales last year. With Yeezy sales included, the company's sales were still up 13% year over year, reaching 6.2 billion euros (about $7 billion), per a preliminary earnings report. The retailer sold off the last of its Yeezy inventory at the end of 2024, meaning the brand will no longer factor into Adidas' sales results. Adidas also saw an operating margin of 9.9% after operating profit nearly doubled, to 610 million euros.
