P&G CEO awarded 44 percent pay rise in first year of office
The CEO of Procter & Gamble, Jon Moeller was awarded a 44 percent increase in his total pay package after a year in the role, according to a report published by the Cincinnati Business Courier.
Johnson & Johnson names Non-Executive Chair Designate for new Consumer Health Company
Johnson & Johnson has announced the appointment of Larry Merlo as Non-Executive Chair Designate for its future New Consumer Health Company’s Board of Directors.
Maybelline makes eyes at casual gamers with Zynga partnership to promote mascara
Maybelline has become the first beauty brand to partner with gaming platform Zynga, according to a report published by Glossy. The L’Oréal-owned make-up brand is hoping to reach ‘hyper casual’ gamers with a game titled Maybelline Mascara Merge, which will be available across Zynga’s games.
Ulta Beauty Q2 2022: outlook raised as net sales jump 16.8 percent
Ulta Beauty has announced its results for the second quarter of the current financial year. The US retailer saw net sales rise 16.8 percent to US$2.3 billion in the three months to July 30, 2022 versus the equivalent period last year.
Coty FY22: ‘robust sales growth’ sends profit ahead of expectations
Coty has announced its results for the final quarter and full year of fiscal 2022. The company saw sales rise 10 percent (as reported) in the three months ended June 30, 2022, compared to the same period in 2021, beating expectations.
Elizabeth Arden to launch in all Ulta stores
Revlon-owned Elizabeth Arden is set to expand its distribution via Ulta Beauty stores, according to a press release issued by the brand.
Yves Saint Laurent Beauté names Lil Nas X as US Brand Ambassador
L’Oréal-owned Yves Saint Laurent Beauté has named rapper Lil Nas X as its latest US Brand Ambassador. Lil Nas X will first feature in a campaign for the brand’s newest lip product, Rouge Pur Couture: The Bold.
Sephora settles for US$1.2 million in Californian privacy case
LVMH-owned Sephora has agreed to pay out US$1.2 million and agree to an injunction to settle a lawsuit that charges the beauty retailer with selling customers’ data without their consent, according to a report published by NBC News.
L’Oréal USA cuts ribbon on new HQ
L’Oréal USA has cut the ribbon on its new West Coast headquarters, according to a report published by WWD. The French beauty giant’s American branch welcomed NYX Professional, Urban Decay, Pulp Riot and Youth to the People into their new offices last week.
Prada launches new female fragrance Prada Paradoxe; Emma Watson stars in and directs marketing campaign
Prada has announced the launch of its new female fragrance Prada Paradoxe, with the campaign featuring Actress Emma Watson.
L’Oréal hit with class action lawsuit over website being inaccessible to blind users
Plaintiff Marina Iskhakova has filed a class action suit against L’Oréal, stating that the company’s Saloncentric website is not accessible to visually impaired people using a screen reader.
Bobbi Brown-owned Jones Road enters hair care market with new Universal Hair Balm
Bobbi Brown-owned Jones Road has entered the hair care market for the first time with the launch of the Universal Hair Balm in partnership with stylist Hervé Claude, according to WWD.com.
The Good Face Project raises US$5.65m via a Series Seed funding round to scale beauty innovation platform
The Good Face Project has raised US$5.6 million to scale its beauty innovation platform, which was led by VMG Catalyst.
Macy’s Q2 2022 results exceed expectations; lowers future outlook due to ‘weakening macroenvironment’
Macy’s has exceeded analyst expectations for Q2 2022, with comparable sales down 1.5 percent on an owned basis and down 1.6 percent on an owned-plus-licensed basis.
Kohl’s and Sephora announce planned expansion of partnership; Sephora entering into all Kohl’s stores
Kohl’s and Sephora have expanded their year-old partnership, with Sephora expanding into all Kohl’s stores.
Johnson & Johnson to test limit of ‘Texas two step’ in new court case
Having successfully convinced the courts to stay some 38,000 personal injury claims using the Chapter 11 bankruptcy process, Johnson & Johnson is now attempting to convince a New Jersey judge that it also has grounds to dodge two cases alleging violation of state consumer protection regulations, according to a report published by the Financial Times.
Bed, Bath & Beyond shares plummet 40 percent as Cohen sells stake
Shares in Bed, Bath & Beyond stock fell 40 percent in value on Friday, last week after it was revealed that investor Ryan Cohen had sold his 9.8 percent stake in the US retailer, walking away with a profit in the region of US$60 million, according to a report published by Reuters.
Target Q2 2022: Earnings fall despite increased sale as inventory reduced
Target has announced its results for the second quarter of fiscal 2022. The US retailer said that despite continued sales and traffic growth, profit was under pressure, driven by the company’s inventory reduction efforts.
JC Penney names new CFO
JC Penney has named Stephanie Plaines as its Chief Financial Officer, effective immediately. Plaines will lead all the US department store’s financial activities.
Estée Lauder Companies FY net sales increase 9 percent; decreases sales outlook due to negative impact of Russian invasion of Ukraine
The Estée Lauder Companies has reported net sales of US$17.74 billion for its fiscal year ended June 30, 2022, an increase of 9 percent from US$16.22 billion in the prior-year period.
Walmart Q2 FY23 revenue reaches US$152.9 billion, up 8.4 percent
Walgreens Q2 FY23 revenue has reached US$152.9 billion, up 8.4 percent, with the company said to have made good progress during the quarter operationally to improve costs in its supply chain.
Kohl’s appoints Christie Raymond as Chief Marketing Officer
Kohl’s has appointed Christie Raymond as its Chief Marketing Officer, who will be reporting directly to CEO Michelle Gass.
New men’s skincare brand Atwater launches with clean, non-toxic formulas
Founder Chris Salgardo has launched new men’s skincare range named Atwater in a bid to build consumer confidence with products that have clean, non-toxic formulas.
Inolex launches new cannabis-derived ingredient for sustainable conditioning and emulsification
Inolex has launched ProCondition Sativa (Cannabisamidopropyl Dimethylamine) – a new sustainable conditioning ingredient derived from Cannabis Sativa Seed Oil.
The Body Shop launches campaign to encourage US youth to vote
The Body Shop has launched an extension of its global Be Seen, Be Heard campaign designed to encourage young people in the US to register to vote in this year’s mid-term elections.
Talc toppled: Johnson & Johnson to transition global baby powder portfolio to cornstarch
Johnson & Johnson Consumer Health has announced that it has made the commercial decision to transition to an all-cornstarch baby powder portfolio.
Revlon CFO retires; new finance leadership announced
Revlon has announced that Victoria Dolan is set to retire as its Chief Financial Officer, effective September 30, 2022. Matt Kvarda will join the beauty brand as interim CFO, reporting directly to CEO, Debra Perelman.
Stila names Michelle Kluz as CEO
Stila Cosmetics has announced that it has appointed an independent manager. Kevin J Carey, Senior Counsel in Hogan Lovells’ Corporate and Finance division will serve as manager of Stila Styles and Michelle Kluz has been named as Chief Executive Officer of the make-up brand.
Sephora announces return of digital beauty event, Sephoria
Sephora has announced the return of its Sephoria: Virtual House of Beauty, digital event in September, which will expand globally for the first time, with beauty enthusiasts from Canada, France, Spain and Italy invited to participate.
Depp back with Dior? Actor said to have signed as face of Sauvage after court case
Johnny Depp is said to have signed a deal to become the face of Dior’s Sauvage fragrance once more following the close of his court battle with ex Amber Heard, according to a report published by TMZ.
Revlon shareholders appeal to bankruptcy judge for representation
A group of minority shareholders in Revlon has petitioned the US cosmetics firm’s bankruptcy judge seeking representation in the Chapter 11 proceedings, according to a report published by Reuters.
Miley Cyrus appears as avatar for Gucci Beauty on Roblox
The new face of Gucci Flora Gorgeous Jasmine, Miley Cyrus is set to become the first persona to appear as an avatar in Gucci Town on Roblox.
Ouai launches inclusive global brand campaign
Ouai has unveiled a new global brand campaign that aims to ‘encourage and remind’ customers to be their authentic selves, according to a report published by Yahoo!News.
Estée Lauder Companies commits to 100 percent global electric vehicle goal by 2030
The Estée Lauder Companies (ELC) announced its commitment to transition 100 percent of its global corporate fleet of vehicles to electric by 2030.
The Body Shop expands Uber delivery partnership to include almost all retail stores in the U.S.
The Body Shop has expanded its on-demand delivery partnership with Uber, which will now include almost all of the beauty company’s retail stores across the U.S.
Olaplex reports 38.6 per cent net sales growth in Q2
Hair care brand Olaplex has reported Q2 net sales growth of 38.6 percent to US$210.9 million.
E.l.f Beauty Q1 2023: sales outlook upped as sales soar 26 percent
E.l.f Beauty has announced its results for the three months ended June 30, 2022. The budget beauty brand saw net sales rise 26 percent on the prior year period to US$122.6 million while gross margin increased roughly 390 basis points to 68 percent.
TikTok user claims metal object found in Tampax
A TikTok user has posted a video claiming that she found a foreign object in a box of Tampax, according to a report published by Insider.
MAC Cosmetics to face class action over alleged keyboard monitoring
The Estee Lauder Companies-owned Mac Cosmetics is set to face a class action lawsuit which alleges that the make-up giant has illegally and secretly monitored and recorded its customers’ movements on its website, according to a report published by Top Class Actions.
BASF enters into VPPAs for clean energy supply for 20+ US sites
BASF has announced that it has entered into virtual power purchase agreements (VPPAs) for wind and solar power totalling 250 megawatts. The agreements are designed to offset the carbon-intensive grid-supplied electricity being used at more than 20 US sites.
Kylie Minogue relaunches Darling in the US
Kylie Minogue and Scent Beauty have announced the relaunch of the singer’s Darling EDP fragrance on the US market. The Eau de Parfum is a modern, longer-lasting version of the Aussie star’s signature scent with a vegan formula.
Procter & Gamble offers products and Tide Load of Hope laundry services to residents affected by flooding in eastern Kentucky
In partnership with Matthew 25: Ministries, Procter & Gamble has distributed free personal care kits with everyday essentials as well as cleaning products to meet basic hygiene and home care needs of those directly affected by the devastating floods in eastern Kentucky.
Ulta Beauty launches digital innovation fund named Prisma Ventures
Ulta Beauty has announced the launch of Prisma Ventures, a digital innovation fund set to invest US$20 million in emerging technology startups.
Banana Boat recalls sunscreen sprays due to Benzene contamination
Banana Boat sunscreen has recalled its sunscreen sprays due to contamination of the chemical Benzene.
Colgate-Palmolive appoints Stephan Habif as Chief Technology Officer
Colgate-Palmolive has named Stephan Habif as Chief Financial Officer, effective 1st September, 2022.
Olay announces Actress Quinta Brunson as the new face of Retinol 24 + Peptide Night collection
Procter & Gamble-owned Olay has announced Actress Quinta Brunson as its newest face.
Coty forms strategic partnership to support digital platforms such as Alipay in travel retail
Coty has signed the Global Travel Retail Joint Business Partnership with Ant Group to ‘enhance the cooperation in digitalization.’
Estee Lauder Companies to buy-out Tom Ford beauty brand?
The Estee Lauder Companies (ELC) is said to be mulling a buy-out of beauty brand Tom Ford in a potential US$3 billion deal, according to a report by Reuters.
Revlon gets green light for US$1.4 billion bankruptcy loan
Revlon has been given permission by U.S. bankruptcy judge David Jones to proceed with a US$1.4 billion loan, following an objection filed by junior creditors, according to a report by Reuters.
Evonik offloads US betaine business
Evonik has announced the divestiture of its US betaine business, signing an agreement to sell the unit to Kensing for an undisclosed sum.
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