BASF to buy 49 percent of Vattenfall’s Nordlicht wind farms
BASF has agreed to buy 49 percent of Vattenfall’s Nordlicht 1 and 2 wind farms for an undisclosed sum. The Nordlicht wind project is being built in the German North Sea without state subsidies and boasts a total installed capacity of 1.6 gigawatts – Vattenfall’s largest offshore wind farm to date.
Kiko Milano unveils Bridgerton Makeup Collection
Kiko Milano is marking the launch of series three of popular Netflix period drama, Bridgerton with a new limited edition collection, Kiko x Bridgerton. The range is said to bring Regency-era refinement to life.
Fazit debuts stick-on freckles
Fazit has unveiled a new addition to the colour cosmetics category; the brand, which is known for its acne patches has launched a line of ‘freckle patches’ – stick-on make-up patches available in a natural faux shade, silver or gold.
CBA Joins New Critical Imports Council to Strengthen UK Supply Chains Amid Global Disruptions
The Chemical Business Association (CBA), representing the chemical supply chain, has announced its membership in the newly established Critical Imports Council, an initiative by the Department for Business and Trade (DBT).
Beiersdorf Unveils Breakthrough Anti-Aging Ingredient ‘Glycostop™’ in Fight Against Sugar-Induced Skin Aging
Beiersdorf, the Hamburg-based skincare giant, has announced a significant breakthrough in anti-aging research with the introduction of ‘Glycostop™’, a patented active ingredient designed to combat glycation, a process that accelerates skin aging due to sugar. This innovation marks the culmination of a decade’s research involving the testing of
L’Oreal Surpasses Q1 Expectations: Robust Growth in US and Europe Bolsters Sales Amid Market Concerns
L’Oreal, the global leader in cosmetics, reported a robust 9.4% increase in first-quarter sales on a like-for-like basis, surpassing analyst expectations and alleviating concerns over potential slowdowns in its two largest markets, the United States and China.
Harvey Nichols Appoints Julia Goddard as CEO Amidst Strategic Reorganization and Market Challenges
.Harvey Nichols has appointed Julia Goddard as its new chief executive, succeeding Manju Malhotra who served the luxury retailer for 25 years
Puig Targets a Record-Breaking US$14.8 Billion Valuation in Spain’s Largest IPO in Nearly a Decade
Puig, the Barcelona-based company, is set to make a landmark debut on the public market with an anticipated valuation of up to 13.9 billion euros (US$14.8 billion)
Beiersdorf hails strong start to 2024: Q1 sales up 7.3 percent to €2.6 billion
Beiersdorf has announced its results for the first quarter of fiscal 2024. The manufacturer of Nivea said it achieved a ‘strong start’ to the year with group sales rising 7.3 percent yoy in organic terms to hit €2.6 billion.
The Body Shop proposes tax deal to free up cash for creditors
The Body Shop’s administrators are hoping that the ethical beauty brand can retain tax benefits worth up to £66 million in order to reduce its future tax liability, if it can trade profitably again once it exits the bankruptcy process.
Bath & Body Works opens first London store
Bath & Body Works has opened its first standalone store in the British capital. The 2,357 square-foot space is located in London’s Westfield White City shopping centre. An opening at Westfield Stratford is slated for the fall.
Is the luxury boom waning? LVMH reports organic revenue growth of 3 percent for Q1 2024
LVMH has reported its results for the first quarter of fiscal 2024. The luxury conglomerate delivered modest organic revenue growth of 3 percent, which it branded ‘a good start’ to the year.
Kering poaches LVMH executive to help boost growth at Gucci
Kering has announced the appointment of Stefano Cantino as Deputy CEO of its Gucci brand, effective May 2, 2024. Cantino joins from LVMH where he oversaw communication and image at Louis Vuitton.
Clarins acquires farmland to develop ‘field to skin’ model
You’ve heard of ‘field to plate’ but how about ‘field to skin’? That’s a new model of integrated and responsible sourcing that Clarins is hoping to achieve through its purchase of Domaine Sainte Colombe in France.
Henkel ushers in supplier engagement program
Henkel has launched an engagement program for its worldwide suppliers that aims to advance decarbonization along the value chain through the collection of emissions data, jointly defined actions for reduction and continuous upskilling.
EU Parliament passes ‘polluter pays’ legislation
The European Parliament has voted in favour of a legislative package that would make the cosmetics and pharmaceutical industries financially responsible for cleaning wastewater.
Charlotte Tilbury Launches Innovative Neuroscents Collection
Charlotte Tilbury, celebrated makeup artist and entrepreneur, is launching a new collection of fragrances designed to evoke a variety of emotions using IFF’s cutting-edge technology.
Kering Beauty Welcomes New Leadership
Kering has appointed Thibault Tétrel, a seasoned professional from L’Oréal, as the new sales director of Kering Beauty.
Galeria Karstadt Kaufhof Set for Ownership Change
Germany’s leading department store chain, Galeria Karstadt Kaufhof, is set for a change of ownership after entering bankruptcy protection for the third time in four years.
THG Reports Growth, Strategic Restructuring
THG, a British e-commerce firm, reported continued revenue improvement in 2024, building on growth from the final quarter of 2023, driven by strong demand for beauty products.
Remington teams up with Channel 4 to broadcast short-form series on hair
Channel 4 has announced a new branded entertainment partnership with Remington. GRWM: My Hair Journey was broadcast live across the television channel’s social channels last week.
Blackstone on brink of L’Occitane deal
Blackstone is said to be poised to sign on the dotted line in a deal that will take, L’Occitane Group into private ownership. Trading of the natural beauty brand was suspended on Tuesday, with stock closing at HK$29.50.
Milk Makeup launches in Boots’ stores
Milk Makeup has made its debut in Boots. The cosmetics brand is available to purchase via Boots’ online store as well as its Battersea Power Station flagship. It will roll out across the UK high-street stalwart’s store network this summer.
Superdrug Cuts VAT on Suncare, Boosting Accessibility and Protection
Superdrug has announced a price reduction on its Solait suncare range by absorbing the 20% VAT, leading to a £1 million saving for consumers.
Spanish Beauty Giant Puig Prepares for Landmark IPO Amid Market Uncertainties
The Puig Group SL, a Spanish cosmetics and beauty company, is reportedly planning to announce an initial public offering (IPO) in Madrid, aiming to raise between €2 billion and €3 billion.
Kering Expands Luxury Empire with Strategic Milan Real Estate Acquisition
Kering SA, the luxury conglomerate behind Gucci, has acquired a prime real estate asset for €1.3 billion on Milan’s elite Via Monte Napoleone from a Blackstone Property Partners Europe subsidiary.
Revolutionizing Retail: Lynx’s ‘Lift & Smell’ Activation Transforms Shopper Engagement
Lynx is unveiling an innovative “Lift & Smell” feature as part of its Fine Fragrance Collection promotion in the UK.
Is L’Oreal poised to buy stake in Amouage?
Rumors are swirling around L’Oreal and Omani perfume brand Amouage. The French beauty behemoth is said to be in private talks to acquire a minority stake in the luxury fragrance line.
Grown Alchemist goes private
Grown Alchemist has announced that it will no longer be part of the L’Occitane Group and will instead be privately owned. Andre Hoffmann, former L’Occitane Vice Chairman, CEO and existing Board Member, has acquired a majority stake in the brand.
900.care to take waterless beauty line international
French start-up, 900.care is taking its waterless, refillable beauty line across the border. The D2C firm raised €21 million in a funding round earlier this year and is now expanding internationally; it’s currently sold in France, Belgium and Switzerland.
International Paper ‘In Talks’ with DS Smith after Mondi Offer
DS Smith has confirmed that it is ‘in talks’ with International Paper, suggesting that Mondi’s in-principle agreement to buy the UK packaging firm could be in jeopardy.
Sparxell raises US$3.2 million in seed round
Sparxell has raised US$3.2 million in a seed round to accelerate the development and commercialization of sustainable pigments.
Elemis Unveils First Standalone London Store in Covent Garden’s Beauty Hub
Shaftesbury Capital has announced that Elemis will open its first standalone store in London’s Covent Garden.
Revolution Beauty Reports Strong Fiscal 2024 Outlook
Revolution Beauty has announced its fiscal year update for 2024, revealing a strong operational performance and improved profitability.
Haus Labs by Lady Gaga and Sephora Forge European Expansion
Haus Labs by Lady Gaga, a clean and science-driven beauty brand, is set to expand its presence across Europe.
Hanni Named Gucci Beauty’s Latest Global Ambassador
Hanni, from K-pop group NewJeans, has been announced as Gucci Beauty’s latest global brand ambassador
Apotek Hjartat bans sale of anti-ageing products to under 15s
Swedish pharmacy chain, Apotek Hjartat has announced that it will usher in age restrictions on skin care products containing ‘advanced’ anti-ageing ingredients such as AHA and BHA acid, vitamin A and vitamin C.
IFRA signs Antwerp Declaration
The International Fragrance Association has joined more than 700 signatories to the Antwerp Declaration for a European Industrial Deal, which calls for an EU industrial strategy to complete the EU Green Deal.
Henkel extends Adobe partnership
Henkel and Adobe have expanded their partnership with a view to delivering personalization at scale across the German manufacturer’s global brand portfolio via the power of generative AI.
In-person events bounce back: exhibitors numbers rise 4 percent for Cosmoprof 2024
Cosmoprof 2024 closed with ‘excellent results’; a sign that in-person events are well and truly back on the agenda following the pandemic. Some 3,012 exhibitors attended the exhibition, up 4 percent on last year’s show.
YSL Beauty celebrates Dua Lipa partnership with Loveshine pop-up
To kick off their partnership, YSL Beauty and Dua Lipa unveiled a pop-up factory in Paris, which will be open to consumers today. The immersive experience is designed to provide a glimpse into the L’Oreal-owned brand’s new direction.
Sephora Launches Global Sustainability Seals
Sephora announced the launch of two global sustainability seals, “Clean at Sephora” and “Planet Aware at Sephora,” during the ChangeNow summit in Paris,
La Prairie Names New CEO
The La Prairie Group AG has announced Estelle Létang as its new CEO, effective April 1, 2024
Galderma’s IPO Success Signals Growth
Galderma’s shares jumped 20.75 percent on their first trading day on the SIX Swiss Exchange, closing significantly higher than their IPO price, marking one of Europe’s largest IPOs this year.
Lush Launches Shrek-Themed Collection
Lush has unveiled a collaboration with the Shrek franchise.
UK’s Divergence from EU’s Pollution Standards Raises Concerns
England has opted out of adopting these new EU pollution regulations.
DSM-Firmenich and Interstellar Lab Forge Innovative Partnership
DSM-Firmenich has partnered with Interstellar Lab to revolutionize botanical ingredients production.
Has Next Beauty’s CEO resigned?
The CEO of Next Beauty, Amanda Scott is said to have resigned from her role. Scott has led the UK high street stalwart’s beauty business for almost half a decade and is thought to have accepted advisory roles with other beauty brands.
LVMH expands two key beauty leadership roles
LVMH has allocated new responsibilities to two of its senior executives. Romain Spitzer, CEO of LVMH Fragrance Brands will have New Ventures added to his role while Stephanie Medioni, Executive President, LVMH Perfumes & Cosmetics, will now lead on CMI, Media, Retail and Omnichannel too.
Caudalie Founders invest €1.5 million in Skin and Out
The Founders of Caudalie, Mathilde and Bertrand Thomas have invested €1.5 million in French acne care brand Skin and Out. The deal follows a similar investment made by the Thomas’ in Talm last year.
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