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.
L’Oréal to Nurture K-Beauty Startups
L’Oréal, in collaboration with the South Korean government, is launching the L’Oréal Big Bang Startup Fostering Program.
Gwyneth Paltrow Launches Goop’s First Mascara
Goop, the beauty brand founded by Gwyneth Paltrow, is launching its first mascara, FeatherLash Lifting Serum Mascara,.
Johnson & Johnson to pay out US$700 million to settle investigation by US states
Johnson & Johnson has reached a settlement with 42 US states and Washington DC. The health care manufacturer was under investigation for allegedly misleading shoppers into believing its talc products were harmless.
Lush UAE partners with The Waste Lab
Lush UAE has announced a partnership with The Waste Lab to manage compostable waste from its manufacturing plant in Dubai. The duo hope to set a new standard in sustainable practices within the cosmetics industry across the Middle East.
US chemical lobby sue to block federal drinking water standard
US manufacturing and chemical industry groups are hoping to block legislation that would usher in a federal drinking water standard. The National Association of Manufacturers and the American Chemistry Council have filed a lawsuit against the Environmental Protection Agency.
Nivea India celebrates sustainability milestone; 65 tons of MLP recycled
Nivea India is celebrating a significant milestone on its mission to reduce plastic waste. The Beiersdorf-owned brand has recycled 65 tons of multi-layer plastics (MLP) in the four and a half years of implementation.
JP Morgan extends Tap to Pay to Sephora Canada
JP Morgan has announced the expansion of Tap to Pay on iPhone for its clients in Canada. Sephora is the bank’s first client to enable the new feature, which allows merchants to accept contactless payments using only an iPhone.
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