Henkel-owned Zotos Professional teams up with children’s art organization Art Feeds to foster creative expression
Henkel-owned brand Zokos Professional has teamed up with children’s art organization Art Feeds in an effort to support the positive connection between art and mental health.
EU manufacturers could be paid to curb gas use
Manufacturers in the European Union could be offered financial incentives to reduce their use of natural gas as part of a wider strategy to mitigate a potential energy crisis, according to a report published by the Financial Times.
The Fragrance Shop announces store expansion plan across the UK and Ireland
The Fragrance Shop has announced a store expansion plan across the UK and Ireland, having appointed global real estate advisor, CBRE, to help with the roll out.
L’Oréal receives award for ESG Purpose and Commitments at the 2022 General Meeting and Gender Balance Awards ceremony
L’Oréal has received the award for ESG Purpose and Commitments at the 2022 General Meeting and Gender Balance Awards ceremony, organised by the Institut du Capitalisme Responsible.
Duty-free retailer Dufry agrees to purchase Italian airport caterer Autogrill
Duty-free retailer Dufry has agreed to acquire Italian airport and motorway caterer Autogrill, with Italy’s Benetton family, Autogrill’s largest investor, transferring its 50.3 percent stake to Dufry, according to Reuters.
UK beauty retailer Superdrug runs in-store and on-platform TikTok talent competition
UK health and beauty retailer Superdrug collaborated with entertainment platform TikTok to run the #SuperShow talent competition, where entrants completed three challenges inspired by products available at Superdrug.
Sephora to sell Russian arm
LVMH-owned Sephora has announced that it is planning to sell its Russian subsidiary to the current local GM, according to a report published by Reuters.
Klarna loses some of its gloss for investors as regulation looms
Klarna’s valuation has plummeted from US$46 billion to US$6.7 billion as a result of a funding round that saw the buy now, pay later platform struggle to persuade investors of its worth, according to a report published by the Financial Times.
AkzoNobel announces new CEO
AkzoNobel has named Gregoire Poux-Guillaume as its next CEO, effective November 1, 2022, succeeding Thierry Vanlancker whose term is coming to an end.
Superdrug FY2021: Profit up 141.3 percent as revenue rises 5.1 percent
AS Watson-owned Superdrug has reported its results for fiscal 2021, revealing a healthy increase in profit and revenue despite challenging trading conditions.
GEKA releases its first sustainability report
Medmix-owned Geka has announced that it is releasing its first sustainability report, outlining its commitment to and progress towards its environmental goals.
Competition and Markets Authority investigates Amazon over suspected anti-competitive practices
The Competition and Markets Authority (CMA) is investigating Amazon over concerns that practices affecting sellers on its UK Marketplace may be anti-competitive and could result in a worse deal for customers.
Coty-owned Bourjois makes return to UK market following 2019 departure
French beauty brand Bourjois is set to return to the UK market after parent company Coty pulled it in 2019 as it streamlined its brands.
Look Fantastic launches scholarship programme named Fantastic Futures for emerging and independent beauty brands
THG-owned Look Fantastic has launched its new scholarship program, named Fantastic Futures, aimed at emerging and independent beauty brands.
Unilever and Boots join forces to help tackle hygiene poverty in the UK
Unilever has joined forces with Boots for the second year running to support The Hygiene Bank and help tackle hygiene poverty in the UK.
Parfums Christian Dior unveils ambitious sustainability strategy
LVMH-owned Parfums Christian Dior has published a roadmap outlining its plan to mitigate its impact on the planet and communities by 2030 by investing in regenerative flower cultivation as well as operating more sustainably throughout its value chain.
BASF opens first Baby Care Competence Center in Turkey
BASF’s Care Creations unit opened its inaugural Baby Care Competence Center in Turkey in June. Integrated into the ingredients supplier’s Innovation Center Turkey, the center will develop effective solutions with special ingredients for a wide range of baby care products.
Society of Cosmetic Scientists names Superdrug employee Vice President
The Society of Cosmetics Scientists (SCS) has announced the appointment of Shona Bear, Quality and Technical Manager at AS Watson-owned Superdrug, as its Vice President.
Function of Beauty names new Chief Marketing Officer
Function of Beauty has announced that it has appointed Marianna Trofimova Chief Marketing Officer. In her new role, Trofimova will be responsible for strengthening the brand, building its product portfolio and go-to market strategies as well as global expansion.
BYBI secures £1.9 million funding to help it become world’s first carbon-negative beauty brand
BYBI has announced that it has secured an £1.9 million asset-based lending facility from Independent Growth Finance in order to accelerate its push in to the US market and expand its range of sustainable beauty products.
H&M 1H 2022: sales soar 20 percent thanks to ‘well-received collections’
H&M Group has reported its results for the first half of fiscal 2022. The Swedish fast fashion brand saw sales increase 20 percent in the six months to May 31, 2022, while gross profit rose to SEK54.106 million.
Biotherm launches a brand-wide sustainability commitment to become Ocean Positive by 2030
L’Oréal-owned Biotherm has launched a brand-wide sustainability commitment to become ocean positive by 2030.
PZ Cussons Q4 performance in line with expectations; FY222 guidance remains unchanged
PZ Cussons has reported that trading in Q4 has remained in line with expectations, with the company anticipating reporting Group revenue for the year to approximately £590 million, with full year like for like (LFL) revenue growth of 3% and Q4 LFL growth of 7%.
Croda receives support from US government for expansion of lipid systems capability
Croda has entered into a cooperative agreement with the United States government in which the government will provide up to US$75 million to expand the company’s US manufacturing capacity of ingredients for lipid systems used in novel therapeutic drugs, such as mRNA vaccines.
WAAM Cosmetics closes second funding round for €5 million
Natural French beauty brand WAAM Cosmetics has closed a second round of funding of €5 million, according to a report by WWD.com.
Henkel honours female researchers with launch of Martha Schwarzkopf Award for Women in Science
Henkel has honored female researchers with the launch of its Martha Schwarzkopf Award for Women in Science, a new research award to support and recognize outstanding female scientists in the field of hair research.
L’Occitane reports record profit for FY2022
L’Occitane has reported its results for fiscal 2022. The French natural beauty brand branded its financial performance ‘outstanding’ with a record full-year operating profit and its highest operating profit margin since listing.
L’Oréal Foundation and UNESCO unveil winners of Women in Science award
UNESCO and the L’Oréal Foundation have unveiled the winners of this year’s International Prize for Women in Science.
Fillers to come under scope of MHRA as UK to revisit medical device regulation
The UK Medicines and Healthcare products regulatory Agency has announced that it intends to reform medical devices regulation to improve patient health and encourage innovation.
Unilever to supply IHG with full-size products in bid to eliminate single-use plastics
IHG Hotels and Resorts has teamed up with Unilever to stock bathrooms in more than 4,000 hotels with full-sized bathroom products.
Anchors away! Dior debuts well-being cruises on River Seine
LVMH-owned Dior is taking its Cheval Blanc Paris spa experience to the water, delivering treatments on board a cruise ship as it sails along the River Seine, according to a report published by WWD.
Fragrance industry identifies possible roadblocks to meet Green Deal objectives
A new study on the business impact of the EU Commission’s proposed Chemicals Strategy for Sustainability is said to have put the fragrance industry at crossroads, with ‘transformations needed to safeguard and promote prosperity of the sector in Europe.’
L’Occitane R&D lead to speak at 2022 World Perfumery Congress in Miami Beach
Pascal Portes, who leads the research & development (R&D) department of the fragrance and natural ingredients division at L’OCCITANE en Provence, will speak at the 2022 World Perfumery Congress in Miami Beach.
UK water provider calls for mandatory ‘do not flush’ label on wipes
Yorkshire Water is lobbying government to usher in mandatory labelling requirements for wet wipes warning users not to flush them down the toilet, according to a report published by The Independent.
Unilever and Genomatica team up to hunt for palm oil alternative
Unilever and Genomatica have launched a US$120 million venture to scale and commercialize alternatives to palm oil and fossil fuel-derived cleansing ingredients.
Robertet to split Chairman and CEO roles
The Robertet Group has announced a new corporate structure that will see the naturals supplier separate the roles of Chairman and Chief Executive Officer.
Firmenich secures living wage certification for ALL employees
Firmenich has announced that it has achieved living wage certification across all of its global operations, making it only the second company in the world, and the first in its industry to achieve this milestone.
Online fashion platform Zalando acquires majority stake in Highsnobiety
Online fashion platform Zalando has acquired a majority stake in global fashion and lifestyle media brand, Highsnobiety.
DSM and Firmenich announce leadership team for proposed combined company DSM-Firmenich
DSM and Firmenich have together announced the future leadership team for the proposed combined company DSM-Firmenich.
Pantene names Clara Amfo brand ambassador
Procter & Gamble-owned Pantene has named Clara Amfo as its newest ambassador. Amfo will front campaigns for the Pantene Gold Series Collection as well as work with the hair care brand on educational initiatives to celebrate and increase positive representation of Afro hair.
Douglas publishes sustainability report and global ESG goals
Douglas has announced that it is hoping to become a ‘driving force’ for greater sustainability in the beauty industry. To that end, the German beauty retailer has published a comprehensive sustainability report outlining four areas of action.
Mary Kay expands partnership with The Nature Conservancy
Mary Kay has announced its expanded partnership with The Nature Conservancy and European partners to support native oyster restoration projects in the UK and continental Europe.
Chanel family receive US$5 billion in dividends after storming fiscal 2021
The owners of Chanel, the Wertheimer family received some US$5 billion in dividends last year as the luxury label recorded record-breaking sales, according to a report published by Bloomberg.
Givenchy Parfums marks Pride with launch of NFT
LVMH-owned Givenchy has teamed up with the Rewind artist collective and London gallery owner Amar Singh to create a digital artwork, which will then be sold in order to raise money for Le MAG Jeunes association.
The Estee Lauder Companies cuts ribbon on new distribution center for travel retail channel
The Estee Lauder Companies has announced the opening of its new distribution center in Galgenen, Switzerland. The facility is designed to accommodate the dynamic and future growth of its global travel retail business.
Boots buy-out: Apollo, Reliance consortium set to make binding offer, says sources
A consortium of Apollo Global Management and Reliance Industries is said to be set to make a binding offer for UK beauty retailer Boots, according to a report by Bloomberg.
Grupo Boticário to open an innovation hub in Portugal to search for tech talent
Grupo Boticário is to open an innovation hub in Portugal in a bid to search for technology talent, according to a report by Forbes.
The European Union high court gives ban on cosmetics that look like food the green light
The European Union’s European Court of Justice has given the green light to the bloc’s consumer safety regulations, which will allow member states to ban cosmetics that look too similar to food.
Beiersdorf joins Dax; ousts Delivery Hero from Germany’s blue-chip index
Beiersdorf is set to replace Delivery Hero on Germany’s DAX index, according to a report published by Market Watch.
Sephora CEO makes sharp exit
CEO and President of Sephora, Martin Brok is set to leave the company at the end of the month, according to a report published by WWD.
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