Rabanne names Troye Sivan as Global Makeup Brand Ambassador
Rabanne has announced Troye Sivan as Global Makeup Brand Ambassador for its recently launched Beauty collection. The singer will front a new campaign for NUDES, a next-generation beauty collection inspired by the Maison’s fashion fabrics.
Puig to join Spain’s IBEX 35
Just two months after its IPO, Puig is set to join Spain’s IBEX 35 index. The fragrance firm will replace Melia Hotels on the blue-chip equities index; shares in the manufacturer of Carolina Herrera and Rabanne perfumes have risen 3 percent since its debut.
Superdrug Reports Robust Financial Performance for 2023
Superdrug, the leading high street pharmacy chain, has reported strong financial results for 2023.
Sara Davies Appointed as Avon UK’s Chief Inspiration Officer
Entrepreneur and Dragons’ Den star Sara Davies MBE has been appointed as Avon UK’s Chief Inspiration Officer.
Huddled Acquires Surplus Beauty Seller Boop Beauty
ircular economy specialist Huddled has acquired Boop Beauty, a surplus beauty and cosmetics seller founded by former L’Oreal lawyer Yasmine Amr.
EU Targets China’s Temu and Shein with Proposed Import Duty Reform
The European Union is drafting plans to impose customs duties on inexpensive goods bought from Chinese online retailers, including Temu, Shein, and AliExpress.
Dove CMO and ‘Real Beauty’ Visionary Alessandro Manfredi Departs Unilever
Alessandro Manfredi, Dove’s global chief marketing officer (CMO), is leaving Unilever after a notable 28-year tenure.
Luna Daily Secures Investment from Unilever Ventures to Expand Body Care Range
una Daily, the microbiome-balancing body care brand, has announced a new investment from Unilever Ventures to support its product range expansion.
Manzanita Capital announces C-suite reshuffle; new Diptyque CEO and Deputy named
Manzanita Capital has named Laurence Semichon as CEO of Diptyque. Semichon succeeds Fabienne Mauny, who has been appointed Operating Partner and Brand President at Manzanita.
Jo Malone unveils Paddington collab
Jo Malone London has announced a collaboration with Paddington. The Estee Lauder Companies-owned brand has unveiled a series of limited-edition scented gifts inspired by the beloved bear.
Celine to grow cosmetics offer with further bath and body care launches
Celine is set to expand its beauty offer with the addition of a liquid soap, hand cream, body milk and hair mist in the fall. The designer label debuted its first bath and body care products last year with the launch of solid soaps, perfumed body oil and bath milk.
Debut and L’Oreal bolster sustainable beauty partnership
Debut and L’Oreal have signed an agreement to develop more than a dozen bio-identical ingredients to replace conventionally sourced ingredients used in the French beauty giant’s global beauty and personal care brands across skin, hair, color cosmetics and fragrances.
Oriflame named and shamed for allegedly continuing operations in Russia
Oriflame has been singled out by Kyiv’s School of Economics leave-russia.org portal for continuing to collect ‘significant profits’ from the Russian market, despite having issued a public statement about ceasing its activities in the country.
P&G Ukraine names General Manager
Procter & Gamble Ukraine has named Olga Kosinova as General Manager for its Ukraine division. Kosinova will have overall responsibility for the US FMCG manufacturer’s business and operations in the country.
TFWA World Conference announces Hillary Rodham Clinton as keynote speaker
TFWA has announced that former US Secretary of State, Hillary Clinton will take to the stage for a keynote conversation at its 2024 TFWA World Conference. She will explore the ever-evolving global political landscape and the trends impacting the geopolitical environment, and in turn, travel retail.
Revolution Beauty FY2024: return to growth as sales inch up 2 percent
Revolution Beauty has announced its results for the financial year ended February 29, 2024. The UK-based mass make-up brand saw sales inch up a modest 2 percent in FY2024 versus the prior year, to £191.3 million.
Croda names CFO and Executive Director
Croda has announced the appointment of Stephen Oxley as Chief Financial Officer and Executive Director, effective April 1, 2025 at the latest. Oxley joins from Johnson Matthey where he holds the role of CFO.
TerraCycle to reduce salon waste with launch of SalonCycle in UK
TerraCycle has announced the launch of a UK-wide solution to help hairdressers and beauty salons to reduce their waste. SalonCycle, as the new initiative has been dubbed, is a convenient and simple-to-implement solution to divert recyclable waste from landfill or incineration.
Natalia Vodianova Becomes Key Shareholder in Niance
Swiss Health & bioBeauty AG, the owner of luxury beauty and longevity brand Niance, has announced that internationally renowned supermodel, philanthropist, and investor Natalia Vodianova has become a key shareholder.
Ren Clean Skincare CEO Michelle Brett to Step Down
Ren Clean Skincare’s chief executive officer, Michelle Brett, has stepped down.
Avon Achieves Full Leaping Bunny Approval for All Products
Avon has proudly announced that it has received approval under Cruelty Free International’s Leaping Bunny Programme for all its products, including cosmetics and personal care items.
Boots CEO Sebastian James to Depart Amidst Stalled Sale Plans
Sebastian James, CEO of Boots, the UK’s largest high street pharmacy chain, is set to leave the company in November.
Bernard Arnault Invests in Richemont
Bernard Arnault, the billionaire founder of LVMH, has acquired shares in Richemont, the Swiss luxury conglomerate known for its high-end jeweller Cartier.
Kering Beauté Appoints Stéphane Perrault as CFO
Kering Beauté has appointed Stéphane Perrault as its new chief financial officer (CFO).
Dsm-firmenich issues €800 million long-term bond
DSM-Firmenich has announced the launch of its inaugural €800 million bond with a 10-year maturity due in 2034 at a coupon of 3.625 percent. The bond will be issued by DSM and guaranteed by DSM-Firmenich under the cross-gurantee structure.
Eurofins stock plunges as short-selling rumors swirl
Eurofins shares were sent into freefall after the testing firm was implicated in Carson Block’s Muddy Waters research. Stock plummeted in value by up to 25 percent, wiping some €2.3 billion from the company’s market value.
THG signs over luxury goods websites to Frasers in partnership deal
THG Ingenuity and Frasers Group have agreed a partnership across several areas. Under the terms of the deal, THG will sell its portfolio of luxury goods website to the Sport Direct owner, including coggles.com.
Shein files secret papers ahead of rumored London IPO
Shein is said to have filed confidential papers with UK regulatory bodies in advance of a possible IPO on the London Stock Exchange. The Chinese fast fashion firm is thought to be preparing to list in the second half of the year.
Augustinus Bader Sales to Top US$130 Million This Year
Ultra-premium skincare brand Augustinus Bader is projecting a 40% increase in sales for 2024, aiming to surpass US$130 million in revenue.
L’Occitane Reports Mixed Financial Results Amid Buyout Efforts
L’Occitane International SA, the Hong Kong-listed beauty group, released its financial results for the year ending March 2024.
EU Fines IFF for Obstructing Fragrance Cartel Investigation
The European Commission has levied a 15.9 million euro (US$17.05 million) fine against U.S. company International Flavors & Fragrances (IFF) and its French affiliate.
Tate & Lyle to Acquire CP Kelco in $1.8 Billion Deal to Enhance Plant-Based Product Portfolio
Tate & Lyle, the British sweetener maker, announced a $1.8 billion acquisition deal to buy U.S.-based CP Kelco.
Beiersdorf CEO: Our market share is growing in China but it’s tough out there
Beiersdorf CEO, Vincent Warnery warned investors that China’s luxury skin care market is declining strongly and that the company expects that the second quarter of the current financial year will be difficult for China’s prestige skin care sector after a tough first quarter.
Montblanc names John Legend face of Legend line
Montblanc has named John Legend the face of its aptly named Legend fragrance line. Legend will front campaign for all five fragrances in the franchise, including the latest scent to join the collection, Montblanc Blue.
Rihanna is the latest face of J’Adore fragrance
Parfums Christian Dior has announced Rihanna as the face of its J’Adore fragrance. The singer succeeds Charlize Theron who has fronted campaigns for the pillar scent for the past 20 years.
Campaigners call for Unilever’s Royal Warrant to be revoked over Russia
B4 Ukraine is calling to Unilever to be stripped of its Royal Warrant over its continued presence in Russia. The campaigners have written an open letter urging the Royal Family to stand in solidarity with Ukraine.
EU Nature Restoration Regulation passes by a whisker
The European Union Council has passed the Nature Restoration Regulation by a small majority. The new rules, which are effective immediately, provide for all terrestrial, lake, marine and river habitats in poor condition to be restored to 30 percent by 2030.
BASF and Vattenfall sign wind turbines contract with Vestas
BASF and Vattenfall have signed supply and service contracts with Vestas for 112 wind turbines. The turbines will be used in the Nordlicht 1 and 2 offshore wind projects owned by Vattenfall and BASF in the German North Sea.
L’Occitane Revises Privatization Bid, Offers Equity in New Company
L’Occitane has revised its privatization bid, providing shareholders an option to choose between HK $34 (US$4.35) per share in cash or 10 shares in the new private company for every share held.
Simple Skincare’s First UK Pop-Up to Open in London
Unilever-owned Simple skincare brand is launching its inaugural UK pop-up event in collaboration with Superdrug.
Rituals to Launch Its First Beach Club in Knokke, Belgium
Rituals, the Dutch luxury cosmetic brand, is launching its inaugural beach club in Knokke, Belgium.
Vasiliki Petrou to Depart Unilever Prestige as CEO
Vasiliki Petrou, the architect behind Unilever’s Prestige Division, is leaving her role as CEO after a decade of building the division into a €1.4 billion entity
Chanel Billionaire’s Son David Wertheimer Establishes US$110 Million Private Equity Firm
David Wertheimer, the son of one of Chanel’s billionaire owners, has launched a private equity firm named 1686 Partners, raising over US$110 million to invest in fashion, cosmetics, and lifestyle products.
Accor and LVMH Partner to Revitalize Orient Express
Accor and LVMH have entered into a strategic partnership to accelerate the development of Orient Express.
Administrators hope to seal The Body Shop deal ‘by the end of the month’
FRP Advisory, the firm that has been appointed to handle the insolvency of The Body Shop’s UK retail business, has set a deadline for indicative bids for the ethical cosmetics chain. The administrators are said to be keen to close the deal before the end of this month.
Matiere Premiere closes second funding round; Kering among investors
Matiere Premiere has closed a second funding round, with Kering Beaute named among the investors. The niche French fragrance brand did not disclose financial terms of the deal but Kering is said to have taken a minority stake in the company.
£1 Billion Damages Claim Filed Against Amazon by UK Retailers
A landmark £1 billion damages claim has been filed against Amazon on behalf of UK retailers.
Bernard Arnault Names Son Frédéric as Head of LVMH Family Holding Group
Bernard Arnault has named his son Frédéric as the new managing director of Financière Agache, a family holding company that controls LVMH.
Kering Appoints Laurent Claquin as Group Chief Brand Officer
Kering has announced the appointment of Laurent Claquin as Group Chief Brand Officer, effective July 1st, 2024.
Virginie Viard Exits Chanel, Leaving Top Fashion Job Open
Virginie Viard has exited her role as Chanel’s artistic director of fashion collections, a position she has held since Karl Lagerfeld’s death in 2019
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