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Galderma raises full-year outlook after sales beat, commits to US expansion

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2 months ago

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Reuters

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October 23, 2025

Switzerland’s Galderma raised its full-year guidance on Thursday after third-quarter sales beat expectations despite pressure from US tariffs, sending shares in the skincare company up around 7%.
Third-quarter net sales came in at $1.29 billion compared with the $1.24 billion provided in a company-compiled consensus.

Cetaphil, Alastin and Restylane skin care products, owned by Galderma, are pictured in the company’s offices in Lausanne, Switzerland, March 13, 2024 – REUTERS/ Denis Balibouse

Galderma, which listed in March 2024, now expects full-year net sales to increase by between 17% and 17.7% year-on-year at constant currency, up from 12% to 14% previously.

The firm highlighted strong growth in its Nemluvio dermatology portfolio and said it has committed to spend more than $650 million on US manufacturing through 2030.

“We’ve overall shifted a lot of focus to the US also because the growth is incredibly strong in the US,” CEO Flemming Ornskov told Reuters.

Galderma’s third-quarter net sales in the United States grew by 17.5% from the same quarter last year. US President Donald Trump in August imposed 39% import duties on Switzerland, and Ornskov described the tariff situation as a moving target that the firm was watching closely.

So robust had Galderma’s performance been that the company was increasing employment not only in the US, but also Europe and Asia, Ornskov said. “And given the very strong growth in Europe, I expect that to continue,” he said.

The company also specified its forecast core EBITDA margin, expecting between 23.1% and 23.6% at constant currency, from about 23% previously.

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Ex-Levi Americas president buys Dr Martens shares

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7 minutes ago

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December 8, 2025

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December 8, 2025

Share purchases in key companies are always interesting but we wouldn’t normally mention anyone buying a relatively small amount of shares, especially not an amount adding out to ‘only’ £75,000.

Image: Dr Martens

But given that the company concerned saw fit to announce the purchase itself and given that the company is in the middle of a major turnaround, it’s of more interest than it might usually be.

Dr Martens announced on Monday that Robert Hanson, who joined the board as an independent non-executive director in March, has purchased 96,000 shares in Dr Martens – worth over £75,000.

Share purchases by insiders are particularly significant given that those insiders tend to have the best view of how the company is faring with its turnaround and an individual committing a significant sum of their own money is particularly interesting.

Hanson currently serves as CEO of The Duckhorn Portfolio. His previous roles include EVP and president of Constellation Brands’ Wine & Spirits, president of Americas at Levi’s as well as CEO roles at American Eagle Outfitters and John Hardy. 

He purchased 96,000 ordinary shares at a price of £0.7886 per share. The buy suggests he believes that the shares, which are much lower than their all-time high of £5+, represent good value and should rise. 

Dr Martens is currently working through a recovery from a major period of weakness and it seems to be yielding results. Its first half update in November showed progress, with America recovering in particular even though EMEA still showed weakness.

A week later, it also announced the opening of its new Soho, London flagship and that’s a key development. The store “represents the most elevated expression of the… brand to date”. The first-ever ‘beacon’ store is on Brewer Street with its two floors spanning 3,400 sq ft to make it the brand’s biggest UK flagship – “built to bring the people and product of Dr Martens together”.

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Boss presents inaugural ‘Boss Award’ in Miami Beach

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38 minutes ago

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December 8, 2025

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December 8, 2025

Boss is further deepening its role as a patron of the international art scene and as a partner of Art Basel. At the inaugural Art Basel Awards Night in Miami Beach last week, the fashion house presented the Boss Award for Outstanding Achievement for the first time. The 2025 award goes to the artist Meriem Bennani, whose multimedia practice is renowned for its innovative, humorous, and critically engaged storytelling.

Meriem Bennani is known for weaving humour, pop-cultural aesthetics, and digital language into her storytelling. – BOSS

The Moroccan-born New Yorker works across a variety of artistic media, including video, sound, animation, sculpture, and large-scale installations. She is known for combining humour, pop-cultural aesthetics, and digital language in her narratives to create immersive, playful yet incisive works that resonate with audiences.

The prize was presented by CEO Daniel Grieder and creative director Marco Falcioni. The award will continue to recognise artistic practices that open up new perspectives and spark relevant social dialogue.

“I am deeply honoured to have my work recognised by such an iconic brand that has long championed innovative art that speaks to a wider public. This award inspires me to continue creating works that challenge perspectives and celebrate the beauty of collective experiences,” said Meriem Bennani at the award ceremony.

The highlight of the ceremony was the installation of an immersive catwalk entitled “1995–2025: 30 Years of Arts Sponsorship,” which spotlighted the brand’s arts patronage over the past three decades. Milestones included the “Paper Suit” by artist James Rosenquist from 1998, which marries the timeless craftsmanship of tailoring with the ephemerality of paper. Also featured were the Hugo Boss Prize, awarded for many years in collaboration with the Solomon R. Guggenheim Foundation and Museum, and a retrospective of the Hugo Boss Asia Art Award, launched jointly with the Rockbund Art Museum in Shanghai.

“Art has been an integral part of our DNA for over 30 years, and our partnership with Art Basel takes our commitment to a new level. We are proud to present the inaugural Boss Award for Outstanding Achievement to its first recipient, Meriem Bennani. This award marks the beginning of an exciting journey, and we look forward to shaping the future of art together,” said CEO Daniel Grieder.

The Art Basel Awards, launched in February, honoured 36 medallists from the contemporary art sector in nine categories. Bottom right, Meriem Bennani holds the Boss Award.
The Art Basel Awards, launched in February, honoured 36 medallists from the contemporary art sector in nine categories. Bottom right, Meriem Bennani holds the Boss Award. – HUGO BOSS

“Fashion is an integral part of our everyday lives and serves as a bridge between the individual and society, often blurring the line between functionality and art. From our beginnings to our latest fashion show, Hugo Boss has been committed to the dialogue between fashion and contemporary art, as it continues to inspire innovation, creativity, and forward-thinking ideas,” added creative director Marco Falcioni.

The Boss Award is endowed with $100,000 and supports both future projects and a charitable initiative of the laureate’s choice. The award is open to living artists working across all media, with a particular focus on emerging talents who are shaping discussions within and beyond the art world.
 

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Comité Colbert elects Hélène Poulit-Duquesne as new chair of luxury federation

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1 hour ago

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December 8, 2025

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December 8, 2025

The Comité Colbert has unanimously elected Hélène Poulit-Duquesne to be the new chair of the leading French luxury federation. Poulit-Duquesne, the CEO of Maison Boucheron, succeeds Laurent Boillot. She will take up her new responsibilities in June 2026, working alongside Bénédicte Épinay, general delegate of the Comité Colbert.

Hélène Poulit-Duquesne – Boucheron

 
Poulit-Duquesne has been a long-term active member of the Comité Colbert. As CEO of Maison Boucheron, she has served on the association’s board of directors since 2018 and became its vice president in May 2022.
 
“I am proud and happy for the trust placed in me today. My roadmap is to continue supporting the Comité Colbert’s major challenges: promoting our expertise and supporting our industries, collectively promoting our values and our Houses internationally, and placing sustainable development, a future challenge for the planet and our professions, at the heart of our strategies,” said the Boucheron CEO in a release.

The Comité Colbert’s membership includes a wide variety of French luxury labels such as fashion houses like Louis Vuitton, Balenciaga, Dior, Givenchy, Jean Paul Gaultier, and Balmain; fine wines like Château Lafitte Rothschild and Perrier Jouët champagne; perfume brands- Frédéric Malle, Guerlain, and Francis Kurkdjian; jewellers such as Van Cleef & Arpels and Messika; and master chefs and restaurants including Yannick Alléno, Taillevent, and Guy Savoy.
 
“Each Maison of the Comité Colbert, beyond its individual performance and regardless of its market share and size, has a greater role to play: that of defending values that are universal and cement the foundation of our collective: the values of art, culture, and craftsmanship, the hand of man. Because they have meaning, they give meaning. They enrich the lives of millions of people and inspire them to dream,” insisted Poulit-Duquesne.
 
A notably experienced executive, Poulit-Duquesne has held senior positions in three of the largest luxury groups in the world- LVMH, Richemont, and Kering.
 
Hélène Poulit-Duquesne is a graduate of ESSEC Business School in the Paris suburbs, who began her career at LVMH before joining Cartier International, the key brand in the Richemont Group, in 1998. In 2010, she joined its Executive Committee as director of international marketing, before joining the Kering Group at the end of 2015 as CEO of Maison Boucheron.
 
“I am delighted at the prospect of working with Hélène Poulit-Duquesne to serve, together with our collective, the influence of an industry whose excellence and creativity are one of the major jewels in the crown of the French economy. We are committed to supporting its development, honouring its expertise, and amplifying its international influence,” added Épinay.
 
Created in 1954 on the initiative of famed perfumer Jean-Jacques Guerlain, the Comité Colbert is a non-profit association recognised as being of public interest, bringing together 98 French luxury houses and 17 cultural institutions. The Comité Colbert’s goal is to work together to promote the French art of living internationally, as well as to preserve and pass on French expertise and creativity.

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