Pfizer to sell stake in GSK consumer health
Pfizer intends to offload its minority stake in GSK Consumer Health arm, Haleon, according to a report published by Reuters.
Unilever to extend Transform initiative until 2025
Unilever has announced that it is extending its Transform program – a joint initiative between the UK-based FMCG giant and the UK’s Foreign, Commonwealth & Development Office, until at least 2025 with up to £40 million in cash and in-kind support.
UN unveils digital art installation ahead of Stockholm+50
Ahead of Stockholm+50, experiential artist John Munro unveiled a major digital art installation titled 50/50. Created in partnership with the UN Science-Policy-Business Forum, and art patron Jonathan Lett, the artwork was displayed between June 1 and 3 in Stockholm’s Kungstradgarden.
L’Oréal launches L’Oréal Bold Female Founders initiative to support female-led start-ups
L’Oréal has launched the new L’Oréal Bold Female Founders initiative, which is designed to support female-led startups.
Gong Jun is named as Charlotte Tilbury Global Ambassador
Puig-owned Charlotte Tilbury has named Gong Jun as its newest Global Ambassador.
Puig snaps up Scandi-cool fragrance brand Byredo
Puig has announced that it has acquired a majority stake in Swedish luxury fragrance brand Byredo, according to a report published by Reuters.
DSM and Firmenich announce merger
DSM and Firmenich have announced that they have entered into a business combination agreement to establish a leading creation and innovation partner in nutrition, beauty and well-being.
Peninsula acquires ISEM Bramucci in €90 million deal
Peninsula Capital has announced the acquisition of ISEM Bramucci in a deal valued at €90 million, according to a report published by Reuters.
Unilever names Nelson Peltz as Non-Executive Director
Unilever has announced the appointment of notorious activist investor, Nelson Peltz, as Non-Executive Director and as a member of its compensation committee, effective July 20, 2022 subject to regulatory approvals.
Unilever is set to acquire majority stake in hair wellness brand Nutrafol
Unilever is set to acquire a majority stake in hair wellness brand Nutrafol, which provides hair wellness products.
European fashion group Mango has added Ritual Cosmetics to its online offering
European fashion group Mango has added Ritual Cosmetics to its online offering, and will open a new wellness line on its online platform to include the brand.
UK TV show Love Island teams up with Revolution Beauty to launch exclusive collection
UK TV show Love Island has teamed up with British-based cosmetics and skincare brand Revolution Beauty to launch an exclusive make-up collection.
L’Oréal CEO: Inflation isn’t affecting our sales
Chief Executive Officer of L’Oréal Groupe, Nicolas Hieronimus has revealed that the French beauty giant has seen ‘no impact’ of inflation and price on beauty consumption so far, according to a report published by Reuters.
Bring back tax-free shopping pleads luxury alliance
A group of some 250 luxury British brands is petitioning the UK government to bring back tax-free shopping, according to a report published by Bloomberg.
Drop the price or we’re out: Issa-TDR consortium considers backing out of Boots bid
A consortium of TDR Capital and the Issa brothers is considering quitting the race to acquire WBA’s Boots chain after failing to reach an agreement on price, according to a report published by Bloomberg quoting sources familiar with the matter.
L’Oréal unveils UVA filter, UVMune 400
L’Oréal has unveiled its breakthrough sun filtering technology that is said to protect skin from ultra-long UVA rays. The French beauty giant has dubbed the new innovation UVMune 400.
The Body Shop showcases its Sanctuary Garden at The RHS Chelsea Flower Show to send a climate change message
The Body Shop has showcased its Sanctuary Garden at the RHS Chelsea Flower Show, with the aim of sending a powerful message about climate change.
L’Oréal BOLD acquires minority stake in Japanese start-up Sparty
L’Oréal’s venture capital arm, BOLD has announced a minority investment in personalized J-beauty firm, Sparty. The deal is the French beauty giant’s first venture capital investment in Japan.
Boots hopes for soaring sales; signs on for second run as Love Island sponsor
Boots has revealed that its run as sponsor of reality TV show, Love Island saw sales of Fenty rise 61 percent, while Boots Glow experienced a 34 percent uplift as a result of its stint on the show.
Procter & Gamble sells remaining Irish plant
Procter & Gamble has waved goodbye to its last remaining manufacturing facility in Ireland, according to a repot published by the Irish Times.
Nu Skin joins EcoBeauty Score Consortium
Nu Skin has announced that it has joined the EcoBeautyScore Consortium, in order to help craft an industry-wide environmental impact assessment and scoring system for beauty products.
Henkel’s supply chain financing to be linked to ESG performance
Henkel’s latest round of supply-chain financing has been linked to its ESG rating, according to a report published by Reuters. A move the news outlet is hailing as a first of its kind in Europe.
Henkel-owned Authentic Beauty Concept launches new generation of Refill Bar
Henkel-owned Authentic Beauty Concept is set to launch a ‘new generation’ of its Refill Bar, a system that aims to create a more circular economy.
Symrise Cosmetics Ingredients launches brand accelerator Brand Activations
Symrise Cosmetics Ingredients has launched a new brand accelerator called Beauty Activations, aimed at driving innovation.
Emmanual Goulin appointed CEO of L’Oréal Italian business
L’Oréal has appointed Emmanual Goulin as the new Chief Executive Officer of its Italian business, effective 1st July, according to Nasdaq.
Boots bid deadline extended
Walgreens Boots Alliance has extended the deadline for bidders to submit their final offer for its UK pharmacy chain, Boots, according to a report published by Bloomberg.
Zara cans free returns for online shoppers
Zara has ushered in a charge for returning goods bought via its website, according to a report published by the BBC. The fast fashion retailer will levy a £1.95 fee for returned items, with the cost deducted from refunds.
Could real-time price tags be the future for crypto payments after slump?
A London fashion store has adopted real-time price tags, recalculated every 10 minutes, in order to accept payment in crypto currencies, according to a video report posted by Reuters.
EQT postpones Galderma IPO
EQT has pushed back the planned IPO of its skin care line, Galderma, over fears of recession and market volatility, according to a report published by Reuters.
The Body Shop establishes a Youth Collective to advise its Executive Leadership team
The Body Shop has established a Youth Collective, which comprises 12 young people who will advise the company’s executive leadership team.
Russia publishes list of ‘parallel imports’
With several western brands eschewing the Russian market in the wake of the country’s invasion of Ukraine, the government has been seeking out a workaround to shield shoppers from its increasing isolation, according to a report published by Reuters.
Wella acquires ethical hair care brand, Briogeo
Wella Company has announced that it has reached a definitive agreement to acquire Briogeo. Terms of the deal have not been disclosed.
Dr Barbara Sturm eyes Gen Z market with launch of microbiotic range
Dr Barbara Sturm is set to launch a skin care range designed to hook shoppers aged 12 to 25 years with microbiotic formulas to prevent hormonal break outs, according to a report published by Vogue Business.
Henkel Q1 2022: group sales up 7.1 percent despite beauty’s lackluster performance
Henkel has reported its results for the first quarter of fiscal 2022. The German manufacturer of Schwarzkopf saw group sales rise a respectable 7.1 percent to €5.3 billion versus the same three-month period a year ago.
Nivea Men raises awareness of mental health crisis for young boys in its debut campaign with Digitas
Beiersdorf-owned Nivea Men has raised awareness about the mental health crisis with young men in its debut campaign with Digitas, according to the Drum.
Unilever promotes Samir Singh to Chief Marketing Officer role, personal care
Unilever has announced the promotion of Samir Singh to the role of Chief Marketing Officer, Personal Care.
L’Oréal retains title as world’s most valuable brand; Estée Lauder and Natura remain strong on Brand Finance Cosmetics 50 report
L’Oréal has retained its title as the world’s most valuable brand, topping the Brand Finance Cosmetics 50 report.
Research by Unilever, IBM Research and Science and Technology Facilities Council show vitamin B3 can help boost natural skin defences
New research by Unilever, IBM Research and the Science and Technology Facilities Council (STFC) show that vitamin B3 can help boost the skin’s natural defences against skin conditions.
Beiersdorf Supervisory Board appoints Nicola Lafrentz
The Beiersdorf Supervisory Board has appointed Nicola Lafrentz to the Executive Board, succeeding Zhengrong Liu as Chief Human Resources Officer following a transition phase.
Coty to pull out of Russia
Coty has announced that it is calling time on its Russian operations, almost three months after the country invaded Ukraine, according to a report published by Reuters.
UK Government to tweak Cosmetics Products Regulation
The UK Government has announced that it is planning to update the technical annexes to Regulation (EC) No 1223/2009 on Cosmetics Products in order to either prohibit the use of specific chemicals or reduce the permitted level.
European Commission publishes Restrictions Roadmap
The European Commission has published a Restrictions Roadmap, detailing all ongoing work on future restrictions under the EU chemical legislation.
Final call: UK FSA to close CBD public list on May 26
The UK Food Standards Authority (FSA) has given businesses until May 26, 2022 to submit evidence that their products are linked to a credible application and were on the market before February, 2020.
Sederma to launch consumer website dedicated to Matrixyl
Sederma has announced the launch of a website dedicated to Matrixyl. The site is designed to help consumers, individuals and professionals discover the ingredient and its wrinkle-busting powers.
Unilever Q1 2022: sales rise 7.3 percent as prices soar
Unilever has announced its results for the first quarter of fiscal 2022. The manufacturer of Dove reported underlying sales growth of 7.3 percent, with 8.3 percent from price and volume down 1 percent. All divisions grew strongly, the UK-based FMCG manufacturer said. Turnover increased 11.8 percent to €13.8 billion.
Oriflame impacted by Russia’s Ukraine invasion as Poland gas supply interrupted
Oriflame is being hit by the repercussions of Russia’s invasion of Ukraine, with Russia cutting of gas to Poland, said to have a large impact on cashflow generation, according to IFR.com.
On the up: Symrise reports Q1 sales rise of 14.9 percent, confirms FY target
Symrise has reported a Q1 sales rise of 14.9 percent to €1.09 billion, up from 949.6 million euros in the prior year, according to Nasdaq.
Charlotte Tilbury Beauty announces three-year partnership to support The Prince’s Trust Enterprise Programme
Charlotte Tilbury Beauty has announced a three-year partnership with The Prince’s Trust to to provide significant funding to create a multi layered programme of support for The Prince’s Trust Enterprise Programme.
Reliance Industries and Apollo to partner on joint bid for Boots says sources
U.S. buyout firm Apollo Global and India’s second-richest man Mukesh Ambani’s Reliance Industries firm are said to be joining forces to place a bid for Boots, according to the Financial Times.
Premium fashion website Net-a-Porter joins forces with online fine art platform AP8
Net-a-Porter is dipping its toe in the fine art world via a partnership with online platform AP8, with art being sold via Net’s homeware category beginning 2nd May, according to WWD.com.
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