Unilever names Global VP of technology
Unilever has promoted Alessandro Ventura to Global Vice President of Technology Transformation, according to a report published by CIO Dive.
L’Oréal seeks to have ‘vague’ hair relaxer suit thrown out
L’Oréal has submitted a request to have a case that charges the French beauty giant with manufacturing and marketing ‘toxic’ hair relaxing products thrown out, according to a report published by Reuters.
L’Oréal unveils new research on hormonal variations’ impact on skin
At the World Congress of Dermatology in Singapore, L’Oréal has unveiled new research into hormonal variations’ impact on skin and pigmentation conducted by its Vichy and La Roche Posay brands respectively.
Cult Beauty pledges to never retouch imagery as part of Summer of Self Love
Cult Beauty is hoping to spread body positivity among shoppers this summer with the launch of its Summer of (Self) Love and Can’t (Re) Touch This campaigns.
Childs Farm: we’ll triple revenue over next five years
Childs Farm has hosted a Capital Markets Event, revealing it expects to triple revenue by 2028, leveraging PZ Cussons’ brand-building capabilities.
Dries Van Noten destroys silos with new Paris boutique
Dries Van Noten’s latest retail concept is designed to showcase the interplay between the designer’s beauty, fragrance and accessories ranges, according to a report published by WWD.
Symrise seeks annulment of anti-trust commission raids
Symrise is petitioning the European Union’s General Court to annul the European Commission’s decision to raid fragrance companies in the pursuit of information that would inform any anti-trust case brought against the industry, according to a report published by Reuters.
Ukrainian government brands Unilever, P&G and Yves Rocher ‘International Sponsors of War’
Ukraine’s National Agency on Corruption Prevention has labelled Unilever, P&G and Yves Rocher as international sponsors of war. The classification follows a Russian mandate that all big firms operating in the country contribute directly to its war chest, according to a report published by The Guardian.
Evonik one step closer to becoming actives leader with acquisition of Novachem
Evonik has announced the acquisition of Novachem. The Buenos Aires-based sustainable cosmetic actives producer will strengthen the German ingredients supplier’s System Solutions portfolio in the Americas and beyond.
Boots No 7 maker to close Nottingham factory; hundreds of jobs at risk
The manufacturer of Boots No 7, Fareva, has initiated a consultation with staff at its Nottingham plant, according to a report published by BBC News. The cosmetics manufacturer is considering transferring all production to its other site in Wales.
Beiersdorf sets up Joint Innovation Lab with the German Cancer Research Center
Beiersdorf has established a Joint Innovation Lab with the German Cancer Research Center (DKFZ) aimed at preventing skin cancer and rejuvenating the skin.
L’Oréal, P&G and Unilever to trial ISBA’s cross-media measurement tool
L’Oréal, Procter & Gamble and Unilever are among the first firms to trial a cross-media measurement tool that has been described as ‘revolutionary’, according to a report published by Marketing Week.
Beiersdorf to review US$800 million ad spend
Beiersdorf has launched a global review of its media agencies, according to a report published by Ad Age quoting ‘sources’. The manufacturer of Nivea is thought to have spent US$800 million on measured media last year, and has four agencies of record globally.
Matas Group to create Nordic beauty leader with acquisition of Kicks Group
Matas Group has announced that it has signed an agreement with Axel Johnson to acquire Kicks Group for DKK1.366 million. The acquisition is expected to close in the third quarter of 2023 and will be fully debt financed.
LVMH emerges as ESG fund favourite
LVMH has become a popular buy for ESG funds, according to a report published by Bloomberg. More than 1,200 funds hold shares in the French luxury conglomerate, and some 500 more are indirectly exposed, putting the owner of Dior and Louis Vuitton ahead of high-profile ‘green’ names such as Tesla.
Dior’s spa cruise is back for Paris fashion week
Dior’s Cheval Blanc Paris spa experience has set sail along the Seine once again. The LVMH-owned designer brand’s Spa Cruise 2023 made a splash in the French capital yesterday for Haute Couture Week and will be moored at Port Henri IV through 14th July.
Paco Rabanne to rebrand; launch make-up line
Paco Rabanne is poised to launch a make-up line, according to a report published by WWD. The Puig-owned fashion house’s move into cosmetics is part and parcel of a rebrand, with a new shortened name and visual identity.
Is WBA preparing to put Boots back up for sale?
Walgreens Boots Alliance has announced the planned closure of some 300 Boots UK stores, triggering speculation that the drug store giant is preparing to put the British pharmacy chain up for sale once again, according to a report published by The Guardian.
Zalando challenges EU over DSA classification
Zalando will challenge its classification under the European Union’s Digital Services Act in the Court of Justice; the first legal dispute to arise from the new legislation, according to a report published by Reuters.
TikTok moves into logistics ahead of social commerce push
TikTok is said to be partnering with a series of logistics firms in the UK and US, according to a report published by WWD. The Chinese social media giant is working with third-party fulfilment centers to offer merchants that sell on its platform the chance to store inventory and ship orders from a dedicated warehouse.
Kering hints at future fragrance launches; announces acquisition of Creed
Kering Beaute has announced that it has signed an agreement to acquire Creed from funds controlled by BlackRock and Chairman Javier Ferran. Financial terms of the all-cash transaction were not disclosed; Creed generated revenue of more than €250 million in the full year ended March 31, 2023.
L’Occitane FY2023: sales breach €2 billion thanks to double digit growth
L’Occitane has reported its results for the 12 months ended March 31, 2023 (FY2023). The French natural cosmetics group delivered strong double-digit growth with net sales soaring 19.8 percent to €2,134.7 million – breaching the €2 billion mark for the first time.
Alexander McQueen enters home fragrance arena
Alexander McQueen has launched a collection of scented candles, according to a report published by WWD.
Chanel named and shamed for failing to pay minimum wage
Chanel, Lloyds Pharmacy and Marks and Spencer are among the 202 employers that have been named by the UK government for failing to pay their lowest paid staff the minimum wage.
Albania to greenlight cannabis for medical and industrial use
Albania is poised to legalise cannabis for medical and industrial use, according to a report published by Balkan Insight.
L’Oréal CEO joins Fragrance Hall of Fame
L’Oréal Groupe CEO, Nicolas Hieronimus has been welcomed into the Fragrance Foundation’s Hall of Fame. The French beauty giant’s head honcho was recognized for his ‘visionary leadership and outstanding contributions’ to the global fragrance industry.
France steps up attempt to regulate CBD; proposes Europe-wide ban
France is attempting to ban the use of CBD in cosmetic products across the European Union, according to a report published by Business of Cannabis.
Matt Moulding opens door to THG takeover; surrenders ‘golden share’
Founder and CEO of THG, Matthew Moulding has surrendered his ‘golden share’ – a mechanism allowing him to block takeover attempts, according to a report published by The Guardian.
Revolution Beauty poised to sue Co-founder over breach of fiduciary duty
Revolution Beauty is preparing to sue former CEO and Co-founder, Adam Minto for breach of fiduciary duty, according to a report published by the Financial Times.
Kiko names new Chief Marketing Officer
Kiko has announced the appointment of Cecilia Schena to its global leadership team as Chief Marketing Officer. Schena will report directly to CEO, Simone Dominici, according to a report published by Fashion United.
Frasers snaps up stakes in Boohoo
Frasers has disclosed an 8.9 percent stake in Currys and 5.01 percent stake in Boohoo, according to a report published by Reuters.
Boohoo seeks to oust management at Revolution Beauty
Boohoo has turned activist shareholder as it attempts to oust Revolution Beauty’s C-suite and replace them with its own candidates, according to a report published by the Financial Times.
Which? ranks Asda private label as best sunscreen; Avon marked ‘don’t buy’
Which? has conducted a series of tests on sunscreens in order to produce its annual recommendations of the best and worst on the market, according to a report published by Sky. The consumer group awarded Asda’s Kids Sun Lotion Spray top ranking in the SPF50 category.
European Commission calls for data on CBD safety
The European Commission is calling for data on the safety of Cannabidiol (CBD) in cosmetic products.
Meghan rubbishes rumors that she’s Dior’s next face
Rumors are swirling around Meghan Markle’s next project and several media outlets, including The Daily Mail, have reported that the Duchess of Sussex is poised to become the next face of Dior.
L’Oréal crowns Caring 4 Beauty as Brandstorm 2023 winner
L’Oréal has announced Caring 4 Beauty as the winner of its Brandstorm 2023 contest. The French team’s URMODEL concept scooped the top prize in the global, immersive learning competition for youth aged under 30.
Chanel pops up in Edinburgh
Chanel has opened a pop-up boutique in Edinburgh for the summer months, according to a report published by Wallpaper. The three-storey townhouse will house the luxury French fashion brand’s watch, jewelry, fragrance and beauty ranges as well as its Metier d’art 2023 collection in style.
Aesop brings its Queer Library back to Soho
Aesop is bringing its Queer Library back to London this summer from June 29 to July 5. The collection of stories by LGBTQIA+ authors and allies will be readily accessible with visitors to Aesop’s Soho store invited to pick up a complimentary title, no purchase required.
Charlotte Tilbury launches dedicated app
Charlotte Tilbury has launched an app designed to use the power of technology to bring products from her eponymous beauty brand to a wider audience at the click of a button.
Scarlett Johansson’s The Outset brand to launch in UK
Scarlett Johansson is preparing to bring her cosmetics line, The Outset to the UK, according to a report published by WWD.
L’Oréal’s BOLD participates in Rembrand’s US$8 million seed round
AI start-up, Rembrand has closed an US$8 million seed round led by Greycroft and UTA Ventures with participation by L’Oréal’s BOLD venture capital fund, according to a report published by Ad Exchanger.
Lush to participate in first Metaverse Beauty Week
Lush is among the brands signed up to take part in the inaugural Metaverse Beauty Week. Pioneered in Decentraland, Spatial and Roblox, MBW2023 is dedicated to connecting leading digital designers with established beauty brands.
Essity sells Russian assets
Essity has agreed the sale of its operations in Russia. The transaction has been approved by the Russian authorities and is expected to complete before the current quarter’s close.
Beauty International snaps up Henkel’s Diadermine
Henkel has sold its Diadermine skin care brand to Beauty International, according to a report published by Fashion Network. The sale is valued at €16.32 million, the publication reports, quoting documents filed in France.
Boots CFO jumps ship
The Chief Financial Officer of WBA-owned Boots, Michael Snape has tendered his resignation, according to a report published by Sky News. The pharmacy chain is promoting Sam Hunter to step into his shoes.
Prai Beauty opens neck bar at Marks & Spencer
Prai Beauty has opened a Neck Bar at Marks & Spencer’s Leeds White Rose store, according to a report published by WWD. The specialist skin care brand will offer complimentary services to shoppers such as consultations and ‘neckcials’.
Fussy unveils beer-inspired deodorant in Brewdog collab
Fussy has teamed up with Brewdog to launch a refillable natural ‘Beer-odorant’ dubbed ‘a pint for your pits’ the vegan deodorant promises to be both cruelty-free and planet-saving.
M&S launches Beauty Takeback Scheme
Marks & Spencer has partnered with Handle to usher in a store-based Beauty Takeback Scheme. The UK high street stalwart will accept any form of plastic or aluminium empty beauty product packaging at 40 of its stores across the UK.
Lush brings ethical beauty offer to Vietnam
Lush has partnered with Maison Retail Management to launch its first store in Vietnam, according to a report published by Inside Retail Asia.
Clarins ushers in Alipay+ at European merchants
As Chinese tourists return to European shores, Clarins has introduced Alipay+ to locations in Madrid and Barcelona, enabling Asian shoppers to pay via QR code, according to a report published by ATM Marketplace.
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