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Elf Beauty bets big on rural market with Dollar General partnership

Elf Beauty bets big on rural market with Dollar General partnership Elf CEO: partnership will help reach consumers in rural areas Co raises annual sales and profit forecasts Shares up 8% in premarket trading By Ananya Mariam Rajesh Nov 7 (Reuters) - Elf Beauty ELF.N , a maker of affordable cosmetics, is betting on rural markets and a tie-up with Dollar General to fuel its expansion as it hedges against a slowdown in the U.S.
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Coty sees annual profit at low end of forecast as mass beauty demand slows

Coty sees annual profit at low end of forecast as mass beauty demand slows Nov 6 (Reuters) - Coty COTY.N on Wednesday said it expects annual profit to come in at the low end of its forecast, as weak demand for beauty products in major markets such as the United States and Australia offset gains in the fragrance segment. The beauty industry, mainly in the United States, is witnessing a slowdown in demand even for mass market makeup and cosmetics as lower- and middle-income consumers continue to p
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Elf Beauty lifts annual forecasts on resilient cosmetics demand, shares up

UPDATE 2-Elf Beauty lifts annual forecasts on resilient cosmetics demand, shares up Adds CEO comment in paragraph 6; updates shares in paragraph 1 By Anuja Bharat Mistry Nov 6 (Reuters) - Elf Beauty ELF.N raised its forecasts for annual sales and profit on Wednesday, betting on its efforts to sell cosmetics such as lip oil and liquid blush at affordable price points in the U.S.
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Elf Beauty lifts annual forecasts on resilient cosmetics demand

Elf Beauty lifts annual forecasts on resilient cosmetics demand By Anuja Bharat Mistry Nov 6 (Reuters) - Elf Beauty ELF.N raised its forecasts for annual sales and profit on Wednesday, betting on its efforts to sell cosmetics such as lip oil and liquid blush at affordable price points in the U.S. and abroad. Customers, who have been hunting for lower-priced makeup and skincare products, have helped in boosting Elf's sales in a challenging market where major beauty brands like Estee Lauder EL.N a
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Elf Beauty sales to rise as demand for mass market beauty products grow

PREVIEW-Elf Beauty sales to rise as demand for mass market beauty products grow By Ananya Mariam Rajesh Nov 4 (Reuters) - Elf Beauty ELF.N is likely to report revenue growth of nearly 33% for the second quarter, bucking weak demand in the industry as its inexpensive cosmetics edged out competition. Expectations of strong sales from Elf are in stark contrast with legacy industry players such as Estee Lauder EL.N and L'Oreal OREP.PA that have reported declining sales, as consumers are shying away
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China must open up further to combat rising unilateralism, premier says

UPDATE 1-China must open up further to combat rising unilateralism, premier says Writes through with quotes and background By Casey Hall SHANGHAI, Nov 5 (Reuters) - China will upgrade its free trade zones and explore investment agreements with other countries, Chinese Premier Li Qiang said on Tuesday, adding that opening up was a "must" to combat rising unilateralism globally.
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Estee Lauder pulls annual forecasts on uneven China recovery, new CEO

UPDATE 6-Estee Lauder pulls annual forecasts on uneven China recovery, new CEO Company does not expect China stimulus boost in Q2 Cuts quarterly dividend by nearly half Sees Q2 EPS of 20-35 cents vs. est of $1.06 Shares set for worst day on record, last down 19% Adds CEO comment in paragraph 5 By Ananya Mariam Rajesh Oct 31 (Reuters) - Estee Lauder EL.N shares slumped as much as 27% on Thursday, after it pulled its annual sales and profit forecasts and cut its dividend as it faces an uncertain o
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Estee Lauder names insider de La Faverie as new CEO to kickstart turnaround

UPDATE 3-Estee Lauder names insider de La Faverie as new CEO to kickstart turnaround Adds analyst comments in paragraphs 7 & 10 and updates shares in paragraph 9 Oct 30 (Reuters) - Estee Lauder EL.N named insider Stephane de La Faverie its new CEO on Wednesday, as the company looks to revamp its business amid falling demand for cosmetics and premium fragrances with consumers getting picky with their spending.
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STOXX 600 hits one-month low as bleak earnings weigh, tech stocks slump

UPDATE 2-STOXX 600 hits one-month low as bleak earnings weigh, tech stocks slump For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Europe's blue chips dragged by Melexis, Qorvo, AMD's downbeat updates Hazy capital outlook weighs on UBS shares ASMI jumps as guidance hike, Q3 beat suggest no slowdown Euro zone economy grows quicker than expected, but outlook remains weak Updates with closing levels By Ankika Biswas and Pranav Kashyap Oct 30
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Spain's Puig posts 11% rise in Q3 sales, beats expectations

UPDATE 1-Spain's Puig posts 11% rise in Q3 sales, beats expectations Adds sales details, CEO comment By Corina Pons MADRID, Oct 29 (Reuters) - Spanish fashion and perfumes company Puig reported an 11% rise in third-quarter sales on Tuesday, beating analysts' expectations after sector rivals posted disappointing results due to lower demand in China.
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Estee Lauder names insider Stéphane de La Faverie as new CEO, WSJ reports

UPDATE 2-Estee Lauder names insider Stéphane de La Faverie as new CEO, WSJ reports Adds details from the report throughout, adds context Oct 28 (Reuters) - Cosmetics giant Estee Lauder EL.N has picked senior executive Stéphane de La Faverie to take over as its CEO, the Wall Street Journal reported on Monday, citing people familiar with the matter. In August, the company said CEO Fabrizio Freda was retiring next year and would remain as an advisor to his successor in fiscal year 2026. La Faveri
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Some companies change tack in China with no recovery in sight

ANALYSIS-Some companies change tack in China with no recovery in sight Executives downbeat about China early in Q3 earnings season Property crisis, youth unemployment remain a problem Beijing has pledged stimulus, investors say may not be enough China Q3 GDP slowest since early 2023 By Bernadette Hogg, Ananya Mariam Rajesh and Helen Reid GDANSK/BENGALURU/LONDON, Oct 28 (Reuters) - Companies around the world are starting to cut prices and costs and scale back activity in China, as the world's sec
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Assa Abloy, Kering, L'Oréal

EUROPE RESEARCH ROUNDUP-Assa Abloy, Kering, L'Oréal Oct 24 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Assa Abloy, Kering and L'Oréal, on Thursday. HIGHLIGHTS * Assa Abloy ASSAb.ST : Deutsche Bank raises target price to SEK 305 from SEK 300 * Barratt Redrow Plc BTRW.L : Morgan Stanley cuts target price to 580p from 600p * Dowlais Group Plc DWL.L : Citigroup raises to neutral from sell * Kering PRTP.PA : JP Morgan cuts target
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Beiersdorf up on 9-month sales growth, upbeat Q4 outlook

BUZZ-Beiersdorf up on 9-month sales growth, upbeat Q4 outlook ** Shares in Nivea maker Beiersdorf BEIG.DE rise 1.5% in early Frankfurt trade after the company reported 9-month sales growth, stayed upbeat on Q4 despite China weakness ** Analysts at J.P. Morgan point to the confirmation of 2024 guidance and "importantly" to management's expectations
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Beiersdorf optimistic on future despite China challenges

UPDATE 3-Beiersdorf optimistic on future despite China challenges Nine-month sales up 6.5% on North America recovery, skincare Expects strong Q4 Shares up 4% Confirms 2024 guidance Adds shares in paragraph 2, CEO 4,7,9 and analyst 13 By Elizaveta Gladun and Linda Pasquini Oct 24 (Reuters) - Nivea maker Beiersdorf BEIG.DE reported on Thursday a rise in group sales for the first nine months of 2024, and said it expected a strong fourth quarter, despite persisting challenges in the Chinese luxury m
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Asia Morning Call-Global Markets

UPDATE 1-Asia Morning Call-Global Markets Oct 24 (Reuters) - Stock Markets closing level) Net Chng Stock Markets Net Chng S&P/ASX 200** 8216 10.3 NZX 50** 12787.6 -25.55 DJIA 42514.95 -409.94 NIKKEI** 38104.86 -307.1 Nasdaq 18276.654 -296.475 FTSE** 8258.64 -47.9 S&P 500 5797.42 -53.78 Hang Seng** 20760.15 261.2 SPI 200 Fut 8229 -16 STI** 3600.78 13.37 SSEC** 3302.8028 16.9359 KOSPI** 2599.62 28.92 ---------------------------------------------------------------------------------------- Bonds Bon
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Asia Morning Call-Global Markets

Asia Morning Call-Global Markets Oct 24 (Reuters) - Stock Markets closing level) Net Chng Stock Markets Net Chng S&P/ASX 200** 8216 10.3 NZX 50** 12787.6 -25.55 DJIA 42429.08 -495.81 NIKKEI** 38104.86 -307.1 Nasdaq 18199.198 -373.931 FTSE** 8258.64 -47.9 S&P 500 5779.09 -72.11 Hang Seng** 20760.15 261.2 SPI 200 Fut 8219 -26 STI** 3600.78 13.37 SSEC** 3302.8028 16.9359 KOSPI** 2599.62 28.92 ---------------------------------------------------------------------------------------- Bonds Bonds JP 10
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STOXX 600 ends lower with earnings season in full swing

UPDATE 2-STOXX 600 ends lower with earnings season in full swing For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Deutsche Bank falls as loan loss provisions weigh Volvo Cars slides after cutting forecast on market slowdown Weak growth data raises questions about recovery, Lane says Thule tops STOXX 600 index as Q3 beats estimates Updated at 1604 GMT By Paolo Laudani, Ankika Biswas and Johann M Cherian Oct 23 (Reuters) - European shares
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L'Oreal shares slide after China dents quarterly sales

UPDATE 2-L'Oreal shares slide after China dents quarterly sales Shares have fallen more than a fifth this year Analysts say results worse than expected Competitor companies also face headwinds Recasts throughout, adds chart, peer company reporting dates, analyst comment By Dominique Patton PARIS, Oct 23 (Reuters) - L'Oreal's OREP.PA shares on Wednesday extended a deep sell-off after the cosmetics giant reported quarterly sales below expectations, citing reduced beauty products demand in China an
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Reckitt CEO: China business is 'thriving', sees double-digit growth there

Reckitt CEO: China business is 'thriving', sees double-digit growth there LONDON, Oct 23 (Reuters) - Reckitt Benckiser RKT.L CEO Kris Licht said on Wednesday the consumer goods company's business in China was "thriving", with double-digit growth there year on year. The comments contrast with some other companies such as L'Oreal OREP.PA which on Tuesday blamed worsening demand in the world's No.
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