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Revitalized Listing Efforts: Eternal Beauty Secures Major Financial Backing
Eternal Beauty, a beauty distributor with exclusive licensing rights for around 60 global brands, has enlisted BNP Paribas and CITIC Securities as joint sponsors for its revived main board listing application. Following its initial IPO filing in July last year, the company reported revenues of RMB1.064 billion for the six months ending September 30, 2024, marking a 14.2% increase. Profits surged by 202.2% to RMB115 million. According to Eternal Beauty’s prospectus, China's perfume market is entering a 'high-quality development stage,' with per capita spending projected to grow at a CAGR of 14% until 2027. The capital raised from the listing will support the expansion of its Perfume Box concept stores.
Enchanting Aromas Unite with Timeless Tales: Bath & Body Works and Disney Princesses
Bath & Body Works launches an extensive collaboration with Disney Princess, featuring six scents inspired by Ariel, Belle, Cinderella, Jasmine, Moana, and Tiana. This 85-product collection, available in stores and online, includes fine fragrance mists, body washes, creams, lip gloss, candles, hand soap, and sanitizers. Described as the retailer’s most expansive collaboration to date, the line aims to evoke emotional connections through fragrance. Maurice Cooper, chief customer officer, highlights scent's transformative power, inviting consumers to experience beloved Disney characters in a new way. This partnership underscores Bath & Body Works' commitment to innovation and cultural relevance, engaging customers through meaningful brand collaborations.
Shopify Reports Impressive Financial Growth and Optimistic Outlook for 2025
Shopify reported strong financial results for Q4 and the full year 2024, with Q4 revenue increasing by 31% and full-year revenue up 26%. Free cash flow margin improved to 18%. The company anticipates this momentum will continue into 2025, forecasting first-quarter revenue growth in the mid-twenties percentage range and a free cash flow margin in the mid-teens. President Harley Finkelstein highlighted 2024 as a standout year, attributing success to strategic growth opportunities. Shopify remains committed to supporting entrepreneurship and solidifying its position as the leading commerce platform for businesses of all sizes, leveraging its agile technology and focus on merchant success.