Elf Beauty class action over biometric data to proceed
District Judge Lashonda Hunt has ruled on the viability of a class action lawsuit launched against Elf Cosmetics in the District Court for the Northern District of Illinois Eastern Division, which alleges that the US beauty brand has violated the state’s Biometric Information Privacy Act via its Virtual Try-On tool.
Estée Lauder Completes Acquisition of DECIEM
The Estée Lauder Companies Inc. has completed its acquisition of DECIEM Beauty Group Inc., a Canadian-based, multi-brand company known for its innovative approach to skincare.
Kohl’s Plummets After Huge Earnings Miss and Guidance Cut
Kohl’s Corp. reported dismal first-quarter results, missing expectations across the board and leading to a drastic cut in its full-year guidance.
Tanger Expands Partnership with Sephora
Tanger, a leading owner and operator of outlet and open-air retail shopping destinations, is expanding its partnership with Sephora, the world’s largest prestige beauty retailer.
Walgreens Boots Alliance’s Executive Chair Faces Significant Financial Loss Amid Market Decline
Walgreens Boots Alliance’s Executive Chair, Stefano Pessina, has allegedly experienced a substantial financial hit, with US$2.2 billion wiped from his fortune following a sharp decline in the company’s market value.
Ulta Beauty Lowers Full-Year Forecast Amid Slowed Growth and Competitive Pressure
Ulta Beauty has cut its full-year forecasts, expecting fiscal 2024 net sales to range between $11.5 billion and $11.6 billion, down from the previous forecast of $11.7 billion to $11.8 billion.
Walgreens Unveils New Savings Opportunities and Promotional Campaigns for Summer
Walgreens has announced new initiatives to help consumers save money throughout the summer season and beyond.
P&G Faces Class Action Lawsuit Over Allegedly Misleading “Free of Dyes” Tampax Claims
The Procter & Gamble Company (P&G) is facing a class action lawsuit alleging that it falsely advertises Tampax tampons as “Free of Dyes.” The lawsuit.
Mary Kay awards STEM grants to high-school students
Mary Kay has announced that it has awarded three grants totaling almost US$10,000 to five standout high-school science students. The winners were chosen from some 2,000 applications from 70 countries.
Ulta expands DoorDash partnership to offer one-hour delivery to all US shoppers
Ulta has announced an expanded partnership with DoorDash to offer on-demand delivery from more than 1,350 stores across all 50 US states. Customers throughout the US will now be able to order their favourite beauty products and receive them within an hour, on average.
Kiehl’s Expands Reach with Amazon Premium Beauty Store Launch
Kiehl’s Since 1851 has officially launched a storefront on Amazon Premium Beauty, marking a significant step in making its premium skincare products more accessible.
Schwarzkopf Names Dove Cameron as New Brand Ambassador
Schwarzkopf is expanding its “What Story Will You Tell?” campaign by introducing Dove Cameron as the new brand ambassador.
Allegations Surface Against Oddity Tech by Short Seller Ningi Research
Short seller Ningi Research has alleged that Oddity Tech, the parent company of Il Makiage and Spoiled Child, has misled investors by not being a purely online retailer and engaging in deceptive billing practices.
Dow and Freepoint Eco-Systems Partner to Transform Plastic Waste into Circular Products
Dow and Freepoint Eco-Systems have signed a supply agreement to transform 65,000 metric tons of plastic waste into circular feedstock annually, aiming to support a circular economy for plastics in North America.
e.l.f Beauty becomes billion dollar brand as FY24 sales rise 77 percent
Elf Beauty has reported its results for the final quarter and full year of fiscal 2024. The mass market make-up brand said that sales soared a massive 77 percent in the twelve months to March 31, 2024 versus the prior year period – breaching the billion barrier.
Macy’s Inc Q12024: Sales down 2.7 percent but earnings exceed outlook
Macy’s revealed that its transformation plan, a Bold New Chapter, is ‘gaining traction’ as it reported its first quarter results for the current financial year. The US retailer saw sales dip 2.7 percent yoy to US$4.8 billion.
Revlon names Chief People Officer
Revlon has announced the appointment of Tchernavia Rocker as Chief People Officer, effective June 3, 2024. Rocker will also play an advisory role in building Revlon’s ethnic hair care portfolio and report directly to CEO Elizabeth Smith.
Clarins debuts AI-powered customer care bot
Clarins USA has added a customer care bot to its website, which it is claiming to be the first gen-AI powered customer care bot in the prestige beauty industry. Clara, as the conversational bot has been dubbed, enables customers to receive immediate responses after hours.
e.l.f Beauty launches controversial campaign to make boardrooms more diverse
Elf Beauty is going for the shock factor in a bid to draw attention to the lack of diversity in boardrooms across the US. The brand’s ‘So Many Dicks’ campaign centers around the fact that there are more men called Dick (Richard, Rich and Rick) on corporate boards than entire groups of underrepresented people.
ASA Announces 2024 Founders and Research Achievement Award Winners at SID Annual Meeting
The American Skin Association (ASA) announced the recipients of the 2024 Inaugural Founders Award and the 2024 Research Achievement Awards at the Society for Investigative Dermatology (SID) Annual Meeting.
NIVEA Launches “Proud In Your Skin” Campaign with PFLAG National
NIVEA has launched the “Proud In Your Skin” campaign, in partnership with PFLAG National. This initiative celebrates diversity, advocates for equity and inclusion, and fosters meaningful connections through the power of care.
Walmart Inc. Posts Strong Quarterly Results and Raises Full-Year Outlook
Walmart Inc. has posted robust quarterly results, reporting a 3.8% sales growth for U.S. stores open for at least a year for the quarter ended April 26, outperforming Wall Street expectations.
California Bill Targets ‘Sephora Kids’ with Skincare Ban for Children Under 13
A new bill, AB 2491, is under consideration in California that would ban the sale of certain anti-aging skincare products to children younger than 13.
CeraVe Expands Sun Safety Day Initiative to Major League Ballparks
CeraVe, the top dermatologist-recommended skincare brand in the United States, has announced the expansion of its annual Sun Safety Day initiative to four major league ballparks this summer.
JW Marriott partners with Flamingo Estate to create sensory journey for guests
JW Marriott and Flamingo Estate have unveiled a collaboration that will take guests on a sensory journey through taste, scent and sound. Specifically, the duo have launched a garden-infused signature scent inspired by the JW Garden – a space to connect with nature at JW Marriott properties around the world.
Phlur names CEO and CMO
Trending fragrance brand, Phlur has announced two executive appointments: Elizabeth Ashman has been named CEO while Linette Kim will take on the role of Chief Marketing Officer.
Walmart issues back to office mandate amid ‘hundreds’ of job cuts
Walmart has announced significant cuts to its corporate workforce as well as a sweeping ‘back to the office’ mandate for remote workers. The US’ largest private employer is also asking workers in smaller offices to relocate to central hubs.
Procter & Gamble to vacate Toronto office
Procter & Gamble is moving out of its Toronto offices. The LEED platinum-certified building, which is named for the US FMCG manufacturer, will be available to rent from February, 2025.
About Face and af94 name CEO
About face and af94 have announced the appointment of Francesca Raminella as CEO. Raminella joins the company from Beauty By Imagination, where she was also CEO. She has previously worked for industry giants such as Revlon, P&G, L’Oreal and ghd.
The Estee Lauder Companies brings Shane Wolf on board to boost hair care brands
The Estee Lauder Companies has named Shane Wolf as President, Global Brands, Aveda and Bumble and Bumble, effective July 1. Wolf joins from L’Oreal where he has built a wealth of hair care experience in GM positions spanning Pureology, Redken, Keratase and Shu Uemura.
Henry Rose Appoints Laure de Metz as CEO to Spearhead Global Expansion
Henry Rose, a pioneering genderless fine fragrance brand founded by Michelle Pfeiffer, has announced the appointment of Laure de Metz as its new Chief Executive Officer.
Maybelline New York Forms Global Partnership with WHO Foundation to Expand Access to Mental Health Services
Maybelline New York has announced a new, long-term global partnership with the WHO Foundation aimed at expanding access to mental health services worldwide.
Skinceuticals launches daily sunscreen for sensitive skin
Skinceuticals has announced the launch of Clear Daily Soothing UV Defense SPF50 – a hybrid-blend SPF offering both protection and hydrating and soothing benefits. The product is designed to protect those with sensitive skin from sun exposure, which is known to worsen symptoms.
Coty scores Lena Gercke license
Coty has announced that it has signed a long-term license agreement with Lena Gerke to develop, produce and distribute LaGer’s debut fragrance. The German television presenter and model’s scent is expected to launch in the DACH region this summer.
Oddity Q1 2024: Outlook raised as net income breaks records
Oddity has announced its financial results for the first quarter of fiscal 2024. In the three months to March 31, the tech firm reported record net income, up 68 percent year-on-year and record first quarter adjusted EBITDA of US$48 million, an increase of 69 percent on the prior-year quarter.
Coty Q3 2024: Sales beat expectations, up 10 percent LFL
Coty has announced its results for the third quarter of fiscal 2024. The US beauty manufacturer said its performance was in-line to ahead of expectations with strong above-market sales growth, reported and adjusted operating income growth and gross and operating margin expansion.
Kenvue to lay off 4 percent of global workforce
Kenvue has announced that it is set to reduce its global headcount by 4 percent as part of a wider efficiency plan. Restructuring costs have been pegged as US$275 million per year for the next two years.
MAC names TikTok star Sabrina Bahsoon as Global Brand Ambassador
MAC has named Sabrina Bahsoon as its newest Global Brand Ambassador. Known for posting TikTok videos of her performing dance routines on the London Underground, the social media sensation has racked up more than 2 billion views on the app.
Henkel ups forecast on back of ‘very good’ business performance
Henkel has announced that, based on the ‘very good’ business performance in the year to date, it is raising the outlook for the current financial year. Organic sales growth is now expected to be between 2.5 percent and 4.5 percent (up from the previous 2 to 4 percent range).
Edgewell Personal Care holds competition for educators to design limited edition Schick pack
Edgewell Personal Care and the Dollar General Literacy Foundation have announced the second annual Emerging Artist Contest. Middle and High School art teachers are being encouraged to enter their original piece of artwork to win a one-time prize.
Johnson & Johnson hopes to put the talc scandal to bed with third bankruptcy filing
Will it be third time lucky for Johnson & Johnson in its attempt to settle multiple lawsuits that challenge the safety of its talc-based baby powder. The US health care manufacturer’s proposed US$6.475 billion settlement is said to be close to a resolution.
David Greenberg Elected as New Chair of the Personal Care Products Council
The Personal Care Products Council (PCPC) has announced the election of David Greenberg as the new board chair, effective May 2024.
FDA Delays Proposal to Ban Formaldehyde in Hair Relaxers Amid Rising Health Concerns
The U.S. Food and Drug Administration (FDA) has missed its own deadline to propose a ban on formaldehyde in hair relaxers, a decision that was initially set for April 2024.
Olaplex Reports Continued Sales Decline in Q1 Amid Distribution Strategy Shift
Olaplex has reported a continued downturn in its sales, with a 13.1 percent decrease in net sales down to $98.9 million in the first quarter of 2024.
Inter Parfums Reports Strong First Quarter, Eyes Continued Growth Amidst Market Challenges
Inter Parfums, Inc. (NASDAQ: IPAR) has announced a positive start to the year with first-quarter net sales reaching $324 million, a 4% increase from $312 million in the first quarter of 2023.
Bella Hadid Launches ‘Ôrəbella, A New Era of Fragrance, Exclusively at Ulta Beauty
Model, activist, and entrepreneur Bella Hadid has officially introduced her innovative fragrance brand, ‘Ôrəbella, to the beauty market.
We’re revolutionising the cleansing category: Olay debuts water-activated cleanser
Olay has broken into the minimal beauty category with a new 3-in-1 cleansing pad that it is describing as ‘a new way to wash your face’ and promises to cleanse, tone and refresh in one simple step.
Safety of invasive beauty treatments called into question as three women contract HIV following vampire facials
The Centers for Disease Control and Prevention have published a report revealing that three women contracted HIV following a vampire facial at a spa in New Mexico. The cases are thought to be the first documented HIV transmissions from a cosmetic procedure.
Mother Science closes US$3.5 million funding round
Mother Science has closed a US$3.5 million funding round, led by Greycroft. Under the terms of the deal, Greycroft Partner, Katherine Power will join the skin care brand’s Board of Directors. The funds will be invested in R&D, further innovation, product launches and team growth.
The Estee Lauder Companies Q3 2024: Net sales grow 5 percent as Asia travel retail returns to growth
The Estee Lauder Companies has reported its results for the third quarter of fiscal 2024.
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