Despite reporting buoyant sales and record operating margins for fiscal 2016, L’Oréal CEO Jean-Paul Agon has warned that the year ahead will prove challenging, according to a report published by The Standard Examiner.

Gucci is gearing up to launch a new fragrance in the second half of the year, according to Kering Chairman and CEO Francois-Henri Pinault, who revealed the news during a press conference last week.

Influential has announced a partnership with Condé Nast to implement its IBM Watson-enabled platform. The publisher will use the platform to offer a new service to advertisers: helping them to improve their reach via social media and measure the performance of their campaigns.

Boots has appointed Ogilvy to lead on its £80 million UK creative account, ending a 13-year relationship with independent agency Mother, according to a report published by Campaign.

Shares in AmorePacific hit a two-year low last week as the K-beauty behemoth released its financial results for the fourth quarter of fiscal 2016, according to a report published by The Korea Herald.

Revlon has announced the appointment of Linda Wells to the new role of Chief Creative Officer, effective today.

Elementis is set to buy SummitReheis in a bid to grow its personal care business, according to a report published by Reuters.

With its buoyant Chinese market under threat of sanctions, the K-beauty camp is looking elsewhere for growth, according to a report published by The Korea Times.

L’Oréal is celebrating a record operating margin for fiscal 2016 as the French beauty giant released its results for the financial year. Operating profit reached €4.54 billion, representing 17.6 percent of sales for fiscal 2016.

Coty has reported its financial results for the second quarter of fiscal 2017. The newly amalgamated US beauty giant saw revenues fall 4 percent at constant currency to US$3,376.9 million for the first six months of the year, down 4 percent in the second quarter to US$2,296.7 million.

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