Despite global economic turmoil, businesses’ beauty sectors are delivering strong financial results. LVMH has released its 2024 fiscal results as chemicals company Ashland reports a decrease in overall sales in its first quarter of 2025 but a strong performance in personal care. LVMH’s Sephora delivered a “remarkable performance,” with double-digit revenue and profit growth. The cosmetics retailer operates within LVMH’s Selective Retailing business group, which posted organic revenue growth of 6% in 2024.
