trending Market Intelligence /marketintelligence/en/news-insights/trending/boDQRpyJA_bDhZoAtkJj3A2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Sephora to close all US sites on June 5 for diversity training

Blog

Global M&A Infographic Q1 2021

Blog

COVID-19 Impact & Recovery: Private Equity

COVID-19 Impact & Recovery: Corporates

Blog

COVID-19 Impact & Recovery: Investment Banking


Sephora to close all US sites on June 5 for diversity training

French cosmetics and personal care retailer Sephora SA said it will close all of its stores, offices and distribution centers in the U.S. on June 5 for diversity training.

In a statement sent to S&P Global Market Intelligence, the retailer confirmed the plan to hold an inclusion workshop. Reuters first reported the move on June 2.

The development follows an incident in April at the company's Calabasas, Calif., store, where an employee called security on black singer SZA. In a tweet, the pop singer claimed she spoke to the employee after security was involved to "make sure I wasn't stealing."

"We are committed to ensuring every member of our community feels welcome and included at our stores," the LVMH Moët Hennessy Louis Vuitton SE unit responded in a tweet at the time.

Most recently, a Sephora spokeswoman told Market Intelligence that the planned closure is not "a response to any one event." The French beauty chain also had been planning the "inclusivity workshops" for several months, and its campaign called "We Belong to Something Beautiful" has been in the works for at least a year, according to the spokeswoman.

LVMH's shares in Paris fell more than 2% to €330.40 following the announcement.

The closures come weeks after Sephora CEO Chris de Lapuente reportedly said it plans to open up to 150 stores a year globally as part of its expansion plans.

On May 29, 2018, Starbucks Corp. closed 8,000 company-owned cafes in the U.S. to conduct a racial-bias education program after the arrest of two black men at one of the company's cafes in Philadelphia sparked racial profiling accusations at the coffee chain. The closure shaved 2 cents off Starbucks' fiscal 2018 third-quarter adjusted EPS, CEO Kevin Johnson said.