Sephora NZ accumulated $25m in losses before dropping Queen Street store

Sephora NZ accumulated $25m in losses before dropping Queen Street store
Sephora's now-closed Queen St store opened in 2019 to great fanfare. (Image: Chloe Paul)
Gregor Thompson
Since incorporating a New Zealand subsidiary in May 2018, French multinational beauty product retailer Sephora has racked up $25 million in losses.  In annual earnings lodged with the Companies Office on Tuesday, Sephora NZ said it made a net loss after tax of $3.9m in the year to Dec 31 last year, down 63% from a $10.6m loss the year prior.  The company has accumulated losses of $25m and a total asset deficiency of $20.1m, as recorded by the accounts.Sephora NZ is a subsidiary of French luxury giant LVMH Moet Hennessy Louis Vuitton S...

More Retail

Morrison family trust ups stake in Yu Mei handbags
Retail

Morrison family trust ups stake in Yu Mei handbags

A Morrison family trust now owns over 15% of the luxury bag maker.

Gregor Thompson 08 Sep 2025
Will Sharesies investors still support Me Today?
Retail

Stock & Trade: Will Sharesies investors still support Me Today?

Me Today is launching its fifth capital raise since March 2020.

Stock & Trade 05 Sep 2025
KMD Brands announces $25m ‘cost reset’
Retail

KMD Brands announces $25m ‘cost reset’

KMD Brands said it will take out $25 million in costs as part of a “Next Level” transformation plan aimed at restoring profitability.     In materials released alongside its 2025 Investor Day on Thursday, the outdoor retail group said the strategy is designed to "unlock the full...

Staff reporters 04 Sep 2025