L’Oréal celebrates 25 years as official partner of the Festival de Cannes; reinforces commitment to supporting women who make cinema
L’Oréal has celebrated 25 years as the official partner of Festival de Cannes, returning to the festival to reaffirm its commitment to supporting women who make cinema.
Lancôme cuts ribbon on biodiverse rose farm
L’Oréal-owned Lancôme has inaugurated Le Domaine de la Rose, an ecological horticultural site. Spanning 9.8 acres, the site is designed to cultivate roses and perfume plants for the brand using sustainable, traceable, organic methods.
LVMH Beauty teams up with Origin Materials to develop sustainable packaging
LVMH Beauty has announced a strategic partnership with Origin Materials to develop low-carbon footprint packaging for the perfume and cosmetics industry.
L’Oréal launches Circular Innovation Fund
To mark Earth Day, L’Oréal announced the creation of a €150 million Circular Innovation Fund. As an anchor investor, the French beauty giant is contributing €50 million to this fund as part of its sustainability program.
Kering Founder set to buy Deezer via I2PO
Kering Founder, Francois Pinault has struck a deal to acquire Deezer for an enterprise value of €1.075 billion, according to a report published by Bloomberg.
Spanish police destroy CBD plantation
Spanish police have razed some 415,000 hemp plants, valued at €100 million, according to a report published by Reuters.
Inter Parfums’ to let Dunhill fragrance license expire
Inter Parfums has announced that its Dunhill fragrance license will expire at the end of September this year, and will not be renewed.
Luxury division drives L’Oréal Q1 sales rise
L’Oréal has reported a 19 percent rise in sales to 9.06 billion euros (US $9.8 billion) in Q1, driven by strong sales for its Luxe division.
Lush opens 24-hour automated shopping experience
Lush has opened its first 24-hour, automated retail experience in the Coal Drops Yard at King’s Cross, London.
Boots bans all plastic wipes as it moves to eliminate unnecessary plastic
Boots has written to its suppliers across the UK and the Republic of Ireland to remove all wet wipes that contain plastic fibres from its shelves and boots.com by the end of 2022.
Cult Beauty co-founder Alexia Inge resigns amidst fresh blow for beleaguered THG
Cult Beauty – owned by THG – co-founder Alexia Inge has resigned from the company, having emailed staff to say that she was ‘exhausted to the bone,’ …
Beiersdorf halts investments in Russia; will sell basic products to serve essential consumer needs
Beiersdorf has halted investments in marketing and promoting in Russia in response to the invasion of the Ukraine, however, will continue its business in the country due to the products service essential consumers needs, according to Chief Executive Vincent Warnery.
Shiseido UK suffers data breach, exposing personal details of hundreds of current and former employees
Shiseido UK is reported to have fallen victim to a data break involving personal details of hundreds of current and former employees.
Symrise places €750 million ESG-linked promissory loan notes
Symrise has successfully completed its first Environment, Social, Governance (ESG)-linked promissory loan notes transaction, secured at €750 million.
Reckitt initiates transfer of Russian business
Reckitt has announced that it has begun a process aimed at transferring ownership of its Russian business which may include a transfer to a third party or to local employees.
Givaudan says prices will keep on rising
Givaudan said that it will continue to implement price increases in collaboration with its customers to fully compensate for the increase in input costs it is experiencing this year. The flavors and fragrances manufacturer branded its performance in the first three months of the financial year ‘a good start’.
Beiersdorf Q1 2022: provisional figures show sales growth above expectations
Beiersdorf said that it has started fiscal 2022 ‘well’, with provisional figures indicating that the German manufacturer of Nivea’s sales increased substantially by 10.3 percent in the first three months of the financial year.
L’Occitane keeps Russian stores open
L’Occitane is resisting pressure to close its Russian stores, maintaining that it is protecting ‘staff from potential retaliation’, according to a report published by the BBC.
Unilever digital chief calls on advertising industry to tread carefully in Web3
Unilever Chief Digital & Commercial Officer and WFA Deputy President, Conny Braams has called for collective action from regulators, governments, advertisers, tech companies and people to create a truly decentralised, safe and trusted environment online that puts people first in the next iteration of the web.
Treatwell launches Treatwell Pro in the UK
Treatwell has launched a new SaaS system in the UK, which will include free SMS reminders to avoid no-shows and the integration of Reserve With Google, Facebook, Instagram and Apple Maps to boost salons’ online visibility.
Charlotte Tilbury debuts Charlotte’s 3D volumetric avatar
Charlotte Tilbury is claiming to break new ground in the beauty industry as the first brand to launch a 3D volumetric avatar – in this case of the make-up line’s eponymous founder.
LVMH reports ‘good start to the year’ despite China lockdowns
LVMH has reported a ‘good start’ to the year despite COVID-19 lockdowns in China, with the luxury group achieving recorded revenue of 14 billion euros for the first quarter of 2021, up 32 percent compared to the same period in 2020 and up 30 percent on an organic basis.
Walgreens could lose billions on Boots sale as previous potential buyers CVC and Bain lower valuation of the company
Walgreens may be set to lose billions in the sale of Boots as previous suitors CVC and Bailn suggest a valuation of £4 billion, a huge drop from the £7 billion price tag it was hoping to command.
Greenrise acquires majority stake in CannaCare Health
Greenrise Global Brands has announced the acquisition of a 51 percent interest in CannaCare Health from its Co-founders, Frank Otto and the Oplesch family.
Galeries Lafayette Haussmann launches Europe’s first wellness floor
Galeries Lafayette Haussman is gearing up to unveil what it claims to be Europe’s first space to be dedicated entirely to wellness.
PZ Cussons CEO ups stake in company by 102 percent
Jonathan Myers, CEO and Director of PZ Cussons has purchased £100,000-worth of shares in the company, upping his holding by 102 percent, according to a report published by Simply Wall Street.
UK Food Standards Authority regulates CBD products as Novel Foods
The Food Standards Authority for England and Wales has released a list of CBD food products which have a credible application for authorisation with the FSA. Any products not on the list should be removed from sale.
Save Earth’s Skin: Weleda launches global campaign to prevent soil degradation
Weleda has launched a multi-million-pound, purpose-led brand campaign highlighting the need to care for the soil.
Beiersdorf launches the world’s first beauty product with recycled CO2
Beiersdorf has hit a milestone for the cosmetics industry as it debuts its first beauty product to use an ingredient obtained from recycled carbon dioxide, reducing harmful emissions and contributing to a climate-positive future.
AkzoNobel makes new statement on Russian business
AkzoNobel has made a further statement regarding its continued presence in Russia. The specialty chemicals manufacturer said that it expects its operations to further slow down and most of its business to come to a halt in the next few months and that it will not carry out any new investments or marketing activities in Russia.
Lush to reinvest in British operations following US buyout; writes off businesses in Russia
Lush is set to reinvest in its British operations following the company’s buy-out of its North American partner, which would add more than 80 per cent to its revenues as its single largest market, according to the FT.com.
BASF and Henkel jointly commit to replace fossil carbon feedstock with renewable feedstock
BASF and Henkel have announced a joint commitment to replace fossil carbon feedstock with renewable feedstock for most products in Henkel’s European Laundry & Home Care and Beauty Care businesses over the next four years.
L’Oréal Paris collaborates with Dubai Duty Free Group to launch pop-up promoting Midnight Serum launch
L’Oréal Paris has collaborated with the Dubai Duty Free Group (DDF) on a pop-up store, open during March, to promote the new launch of the Age Perfect Cell Renew Midnight Serum.
Carrefour Group joins forces with Daphni to launch venture capital fund, Dastore
Carrefour Group has announced it is joining forces with European venture capital firm daphni to launch Dastore, a dedicated venture capital fund aimed at investing in early stage start-ups that are addressing the digital retail space.
Henkel continues operations in Russia despite war in Ukraine
THE WHAT? Henkel has reported that it will continue operations in Russia despite the ongoing industry-wide condemnation of its invasion of Ukraine.
Johnson & Johnson to become latest personal brand to halt sales in Russia
Johnson & Johnson (J&J) is to become the latest brand to halt sales in Russia following its invasion of the Ukraine, and will no longer sell personal care products in the country, according to a report by Reuters.
Beiersdorf enters into a strategic partnership with World Wide Fund for Nature
Beiersdorf has entered into a strategic partnership with World Wide Fund for Nature (WWF Germany) with the focus topics being climate protection, the regenerative use of water, the circularity of materials as well as sustainable use of land.
Book Salon raises €3 million in funding
Book Salon has announced that it has raised €3 million in funding in a round led by US-based Joint Effects, with participation by Big Bets VC.
EU to promote ‘repair don’t replace’ in new circular economy rules; greenwashing could be banned
The European Commission has proposed an update to EU consumer regulations which would require brands to label products with their average lifespan and include instructions on repair, as well as usher in a ban on ‘greenwashing’.
Russian shoppers look East after Western brand exodus
Brands from China, India, Iran and Turkey could soon enjoy a new found popularity among Russian consumers, according to a report published by Reuters, after a number of Western brands withdrew from the market.
Croda hosts seminar on accelerating growth in its Consumer Care unit
Croda has announced that it has hosted a seminar for investors and analysts on accelerating growth in its Consumer Care division.
Maybelline New York releases Pokémon Pikachu Collection exclusive to Japan
L’Oreal-owned Maybelline New York has released a Pokémon Pikachu Collection exclusive to the Japanese market.
Hamburg Airport becomes Germany’s first commercial airport to achieve CO2 neutrality
Hamburg Airport has become the first major commercial airport in Germany to achieve CO2-neutral operations, therefore satisfying the Airports Council International Europe (ACI) for certification of CO2 neutrality.
Walgreens Boots Alliance faces losses on beleaguered e-commerce platform T0day 
Walgreens Boots Alliance is said to be facing losses reaching into the millions on its investment into troubled e-commerce platform T0day, which has been hit by allegations of corporate espionage before folding this month, according to Sky News.
JD.com launches cargo flights from China to Brazil and Germany connecting sellers and buyers
JD.com has launched two charter cargo flights from China to Brazil and Germany this month, connecting sellers and buyers from the continents of Asia, Europe, North America and Latin America.
Elementis to put chromium unit up for sale?
UK-based specialty chemicals manufacturer, Elementis is said to be exploring a sale of its Chromium division, according to a report published by Bloomberg, quoting an anonymous source ‘familiar with the matter’.
Neal’s Yard Remedies unites brands in call for neonicotinoid ban
Neal’s Yard Remedies has published an open letter to the UK government calling for a total ban on the use of neonicotinoids in the UK.
L’Oréal partners with Emotiv to launch fragrance personalisation device
L’Oréal has announced a strategic partnership with Emotiv combining one of the neurotechnology company’s devices with the French beauty giant’s proprietary scents and algorithms to help consumers make accurate and personalised choices when selecting fragrance.
L’Oréal launches €3 billion bond offer with sustainability linked tranche
L’Oréal has announced that it has priced its inaugural public bond offer for an aggregate nominal amount of €3 billion.
Paco Rabanne to support up and coming musicians with dedicated fund
Puig’s Paco Rabanne has teamed up with Impero and NTS to launch a campaign designed to promote the fragrance house’s fund to support new independent musicians.
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