The Future of Coty

Can Express Be More Than a Mall Brand? Derek Lam Under New Ownership

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WHAT YOU NEED TO KNOW TODAY: FRIDAY, AUGUST 27, 2021 Coty plans to keep new sales momentum going by investing in its prestige and celebrity-fronted brands. Struggling mall brand Express is banking on e-commerce and a new focus on denim. Designer Derek Lam is preparing to present his first collection under new ownership. Kohl's and Target are betting that shoppers want to buy prestige beauty in a mass market environment with the debut of their in-store Sephora and Ulta boutiques this month. Gap Inc. beat estimates and raised its full-year sales forecast for the second time, betting on demand for its Old Navy and Athleta brands.

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BEAUTY Coty Is Banking Its Future on Prestige and Celebrity By Diana Pearl

As sales recover, the cosmetics company is investing in brands like Kylie Cosmetics and Gucci Beauty to keep momentum going. READ MORE

RETAIL Can Express Be More Than a Mall Brand? By Cathaleen Chen

The company is betting on e-commerce and a better product assortment to turn its fortunes around. READ MORE

RETAIL Derek Lam's Next Act By Joan Kennedy The designer lays out his plans to revive Derek Lam 10 Crosby with the backing of new owners, as he prepares to present his first collection since selling the company. READ MORE

BEAUTY Will Prestige Beauty Sell in a Big Box Store? By Chavie Lieber Kohl's and Target are launching shop-in-shop concepts with Sephora and Ulta this month. READ MORE

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NEWS BRIEFS Old Navy, Athleta Power Gap Sales Forecast, Shares Jump Coty Files for IPO of Brazilian Unit to Help Deleverage PrettyLittleThing Names Influencer Molly-Mae Hague as a Creative Director Matthew Williams Responds to Allegations He Copied Late Designer Benjamin Cho South African Retailer Woolworths' Annual Profits Surge 212% South Korea's July Retail Sales up 13% Mytheresa to Go Fur Free Sadashiv Nayak Appointed CEO of India's Future Retail Shiseido to Sell BareMinerals, Buxom & Laura Mercier to PE Firm

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