L’Oreal Paris Hosts Exuberant Catwalk Presentation at Fashion Week

Actor Kat Graham presents a creation during a public show organised by French cosmetics group L'Oreal as part of Paris Fashion Week, in Paris, France October 2, 2022. REUTERS/Johanna Geron
Actor Kat Graham presents a creation during a public show organised by French cosmetics group L'Oreal as part of Paris Fashion Week, in Paris, France October 2, 2022. REUTERS/Johanna Geron
TT
20

L’Oreal Paris Hosts Exuberant Catwalk Presentation at Fashion Week

Actor Kat Graham presents a creation during a public show organised by French cosmetics group L'Oreal as part of Paris Fashion Week, in Paris, France October 2, 2022. REUTERS/Johanna Geron
Actor Kat Graham presents a creation during a public show organised by French cosmetics group L'Oreal as part of Paris Fashion Week, in Paris, France October 2, 2022. REUTERS/Johanna Geron

L'Oreal Paris sent a pack of models and dancers down a giant runway in the center of the French capital on Sunday, throwing the spotlight on its hair and beauty products in a star-studded show that was beamed around the world on digital channels.

"A fashion show is a nice way to show what we know how to do with hair coloring and makeup," Delphine Viguier-Hovasse, global brand president of L'Oreal Paris (OREP.PA) told Reuters in an interview.

Models including Camille Emilie Razat, Nikolaj Coster-Waldau, Eva Longoria, Gemma Chan and Soo Joo Park sashayed down the catwalk, blowing kisses and twirling for photographers.

Andie MacDowell had sparkling eye makeup and a glittering, feather-lined dress, while Coco Rocha donned a slick, electric green mini-dress with matching boots, her bob cut straight.

Part of the L'Oreal group, which also owns Maybelline and Lancome, the label sits in the accessible luxury range, selling products spanning shampoo to more sophisticated skin treatments, costing from around 2.50 euros and to around 35 euros.

Members of the public were invited to the event, which was also shown on digital channels including Instagram, where it counts 10 million followers, and TikTok.

"It is obvious that TikTok is a digital platform that carries an enormous amount of weight with young people because it's a video platform – and we know that video is the format that is most watched," said Viguier-Hovasse.

The L'Oreal group has been benefitting from a strong, post-pandemic rebound in demand for beauty products.



Adidas Holds Back on Profit Upgrade Due to Tariff Uncertainty 

The logo of Adidas is seen on a Gazelle sneaker for sale at a shop in Berlin, Germany, May 2, 2024. (Reuters)
The logo of Adidas is seen on a Gazelle sneaker for sale at a shop in Berlin, Germany, May 2, 2024. (Reuters)
TT
20

Adidas Holds Back on Profit Upgrade Due to Tariff Uncertainty 

The logo of Adidas is seen on a Gazelle sneaker for sale at a shop in Berlin, Germany, May 2, 2024. (Reuters)
The logo of Adidas is seen on a Gazelle sneaker for sale at a shop in Berlin, Germany, May 2, 2024. (Reuters)

German sportswear maker Adidas on Tuesday said higher US import tariffs and broader uncertainty around trade were clouding its forecasts and making it difficult to plan.

CEO Bjorn Gulden said the company would have hiked its revenue and profit guidance for 2025 after strong first-quarter results, but tariff uncertainty meant it decided to hold back.

Adidas expects the blanket increase in US tariffs to eventually cause price increases across all its products, but said it was currently impossible to quantify those or to establish the likely impact on US consumer demand, highlighting the paralysis caused by trade uncertainty.

Adidas has already reduced exports of China-made goods to the US to a minimum but is still "somewhat exposed" to much higher US tariffs on Chinese goods, Gulden said, though it is unclear how long those might remain at the current level.

"Given the uncertainty around the negotiations between the US and the different exporting countries, we do not know what the final tariffs will be. Therefore, we cannot make any 'final' decisions on what to do," Gulden said.

Unexpectedly high US tariffs on Southeast Asian countries such as Vietnam and Indonesia, announced at the start of this month, but paused until July, blindsided sportswear brands, which make most of their sneakers and clothing there.

As tariffs raise the cost of doing business, Adidas said it would strive to ensure US retail partners and consumers get product "at the best possible price", adding it would try to compensate for uncertainty in the US by boosting its performance in the rest of the world.

First-quarter sales rose 14% in Europe and 13% in Greater China and were up 26% in Latin America. Sales in North America increased just 3%, which Adidas said was due to the phase-out of its Yeezy sneaker line.

While sticking to its full-year guidance, Adidas said uncertainties "could put negative pressure on this later in the year".