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Ulta Beauty names new CFO

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2 months ago

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October 16, 2025

Ulta Beauty on Thursday announced the appointment of Christopher DelOrefice to the role of chief financial officer, effective December 5. 

Christopher DelOrefice – Becton Dickinson

DelOrefice succeeds Chris Lialios who was serving a interim chief financial officer until a replacement was found.

The beauty retail chain’s new CFO joins from Becton Dickinson & Company, where he has served as executive vice president and chief financial officer since September 2021.

Prior to Becton Dickinson, DelOrefice spent more than 20 years with Johnson & Johnson, where he held financial leadership roles of increasing responsibility including vice president, investor relations, vice president finance and CFO, North America hospital medical devices, and vice president finance and CFO, North America consumer.

He has also held leadership positions in accounting, financial reporting, global audit, and supply chain finance at Astra Zeneca Pharmaceuticals, AET Films, Inc. and Ametek, Inc, earlier in his career.

“We are thrilled to welcome Chris to the Ulta Beauty family. Chris brings deep financial expertise and a proven track record of delivering leading financial performance and building high performing, engaged teams across global organizations,” said Kecia Steelman, president and chief executive officer, who took on the top spot at the U.S. retailer in January.

“With demonstrated experience leading core finance functions, global operations, strategy, corporate development, and enterprise transformation for public companies, Chris will be a great partner to our team as we continue to execute our Ulta Beauty Unleashed strategy and deliver long-term value for all our stakeholders.”

DelOrefice is the latest in a string of new appointments at Ulta Beauty. In the prior year, it has recruited a new CMO and chief merchandising and digital officer, in addition to a new CEO.

Earlier this month, the company also revealed a new marketplace dedicated to beauty and wellness, located on the retailer’s website and app.

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Kering announces ‘phased’ acquisition of jewellery components manufacturer Raselli Franco Group

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22 minutes ago

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December 18, 2025

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December 18, 2025

“This acquisition marks a strategic step for Kering and illustrates our ambition in the jewellery sector”: for his first acquisition at the helm of Kering, Luca de Meo, CEO of the French luxury group since September, has opted for an Italian player. On Thursday, the group announced the “phased” acquisition of Raselli Franco Group, an Italian company specialising in the manufacture of jewellery, with the aim of taking full ownership by 2032.

Kering to gradually increase its stake in the Raselli Franco Group – Raselli Franco

The first stage of this progressive acquisition will take place in 2026, in a transaction that values the company— a long-standing Kering partner based in Valenza, between Milan and Turin, with offices in Paris, the United States, Canada, China and Hong Kong— at around 575 million euros.

“The acquisition will be carried out in several stages, starting with an initial stake of 20% in the first quarter of 2026, for an amount of 115 million euros,” the group said in a statement, stressing that the agreement envisages full ownership by 2032.

“By securing essential production capacity for our jewellery business, this partnership will strengthen our value chain and accelerate the growth of our Houses,” said de Meo in the press release. Kering owns the Boucheron, Pomellato, DoDo and Qeelin jewellery brands.

Founded in 1969, Raselli Franco Group is internationally recognised for its expertise and capacity for innovation in jewellery prototyping and manufacturing, according to Kering.

The company spans the entire value chain, from sourcing raw materials and precious stones to research and development, design, component creation, assembly and quality control, the luxury group said.

In the first nine months of the year, Kering’s sales fell by 14% to 11 billion euros, but in the third quarter, the jewellery brands posted “very solid momentum, with double-digit revenue growth”, the group said when presenting its results. The segment recorded double-digit growth, with Boucheron cited as the growth driver, performing particularly well in the United States and Asia-Pacific. As for Pomellato and Qeelin, commentary was positive on the development of both brands.

With AFP

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OVS sees sales rise 6% in the first nine months, EBITDA up 9.4%

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4 hours ago

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December 18, 2025

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December 18, 2025

In the nine months from February 1 to October 31, 2025, OVS Spa reported net sales of 1,244.7 million euros, up 5.8% on the first nine months of 2024. Pro-forma growth, excluding Goldenpoint’s contribution, was 2.9%, four percentage points ahead of the market.

Stefano Beraldo, OVS Group CEO

By sales channel, direct store sales totalled 1,004 million euros (+7.6% versus 2024; pro-forma growth +4.0%). The franchising and B2B channel posted revenues of 241 million euros, down 0.9% year on year due to lower sales to off-price marketplaces, while business with franchise partners edged up slightly.

During the period, adjusted EBITDA reached 152.3 million euros, up 17.1 million on the same period of 2024, with a positive contribution from Goldenpoint. Breaking this down, OVS’s EBITDA rose by 11.6 million to 122.8 million euros; Upim‘s EBITDA was 30.5 million, compared with 29.3 million last year; and Stefanel‘s EBITDA increased by around 2 million euros.

The third quarter confirmed the group’s positive momentum, with net sales of 452 million euros (+9%; +4.1% excluding Goldenpoint). Adjusted EBITDA was 50.6 million euros, up 9.4%.

“The growth in the third quarter was particularly significant given the challenging basis for comparison with the same period last year, which recorded an exceptional +13%. (…) This performance reflects the effectiveness of the strategic choices made, particularly in the womenswear segment, with an assortment structured around collections with distinct and complementary identities. The Piombo, Les Copains, and B.Angel collections are therefore delivering significantly better sales per square metre than the rest of the range. The beauty segment also continued to deliver excellent results, with double-digit growth,” commented CEO Stefano Beraldo.

“In terms of performance by banner, the strongest growth was achieved by OVS, while Upim consolidated the exceptional +8% posted in the first nine months of 2024. Stefanel also performed very well, with like-for-like growth of around 10% in the quarter. Finally, our approach to managing Goldenpoint is beginning to deliver its first results: overall sales are up by around 10% on the comparable period, driven by the success of the product categories developed by our design studios,” he said. 

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Puma secures more than €600 million in additional financing facilities

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5 hours ago

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December 18, 2025

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DPA

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December 18, 2025

Sportswear business Puma has secured additional financing of more than €600 million. It comprises a €500 million facility and a further €108 million in committed credit lines, according to a statement on Thursday. The aim is to reduce utilisation of the existing €1.2 billion revolving credit facility while increasing the company’s financial flexibility.

Reuters

The new €500 million facility is fully guaranteed by Santander Corporate & Investment Banking (Santander CIB). Both new financing instruments have maturities of up to two years.

Markus Neubrand, CFO of Puma SE, said: “While our existing syndicated credit facility and promissory notes remain available, today’s announcement will enhance our financial flexibility as we work to finalise our long-term financing structure. The fact that our banking partners have further expanded their commitment and business relationship underlines the confidence in our future business model and strategic direction. This will enable us to realise our strategic priorities and our goal of establishing Puma as a top-three sports brand worldwide.”

FashionNetwork.com with dpa

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