Debut and L’Oreal bolster sustainable beauty partnership
Debut and L’Oreal have signed an agreement to develop more than a dozen bio-identical ingredients to replace conventionally sourced ingredients used in the French beauty giant’s global beauty and personal care brands across skin, hair, color cosmetics and fragrances.
Oriflame named and shamed for allegedly continuing operations in Russia
Oriflame has been singled out by Kyiv’s School of Economics leave-russia.org portal for continuing to collect ‘significant profits’ from the Russian market, despite having issued a public statement about ceasing its activities in the country.
Thailand to close inbound duty free stores to encourage domestic spend
Thailand’s government has announced that it intends to shut down duty free stores in international arrivals zones in airports in a bid to encourage tourists to spend in local retail stores instead.
P&G Ukraine names General Manager
Procter & Gamble Ukraine has named Olga Kosinova as General Manager for its Ukraine division. Kosinova will have overall responsibility for the US FMCG manufacturer’s business and operations in the country.
TFWA World Conference announces Hillary Rodham Clinton as keynote speaker
TFWA has announced that former US Secretary of State, Hillary Clinton will take to the stage for a keynote conversation at its 2024 TFWA World Conference. She will explore the ever-evolving global political landscape and the trends impacting the geopolitical environment, and in turn, travel retail.
Revolution Beauty FY2024: return to growth as sales inch up 2 percent
Revolution Beauty has announced its results for the financial year ended February 29, 2024. The UK-based mass make-up brand saw sales inch up a modest 2 percent in FY2024 versus the prior year, to £191.3 million.
Croda names CFO and Executive Director
Croda has announced the appointment of Stephen Oxley as Chief Financial Officer and Executive Director, effective April 1, 2025 at the latest. Oxley joins from Johnson Matthey where he holds the role of CFO.
Saudi FDA seizes huge counterfeit haul
Saudi Arabia’s Food and Drug Authority has seized from 365,000 unregistered cosmetics and food items from a facility in Qatif after tracing an unlicensed product sold online to a residential property.
TerraCycle to reduce salon waste with launch of SalonCycle in UK
TerraCycle has announced the launch of a UK-wide solution to help hairdressers and beauty salons to reduce their waste. SalonCycle, as the new initiative has been dubbed, is a convenient and simple-to-implement solution to divert recyclable waste from landfill or incineration.
Kose to build CO2-free manufacturing facility
Kose has announced plans to build a facility using hydro-electric power, said to be the first of its kind in Japan. During its operational phase, the factory will draw on locally produced green hydrogen, and will be carbon neutral by 2040.
Natalia Vodianova Becomes Key Shareholder in Niance
Swiss Health & bioBeauty AG, the owner of luxury beauty and longevity brand Niance, has announced that internationally renowned supermodel, philanthropist, and investor Natalia Vodianova has become a key shareholder.
Eucerin Partners with Mandy Moore for ‘Expect More’ Campaign
Beiersdorf-owned Eucerin has partnered with actress, singer-songwriter, and mom Mandy Moore to launch their new ‘Expect More with Eucerin’ campaign.
Ren Clean Skincare CEO Michelle Brett to Step Down
Ren Clean Skincare’s chief executive officer, Michelle Brett, has stepped down.
SK-II Launches First Concept Store in Kuala Lumpur
Skincare brand SK-II has launched its first concept store in Malaysia’s Kuala Lumpur, located in the Mid Valley Megamall.
Avon Achieves Full Leaping Bunny Approval for All Products
Avon has proudly announced that it has received approval under Cruelty Free International’s Leaping Bunny Programme for all its products, including cosmetics and personal care items.
Boots CEO Sebastian James to Depart Amidst Stalled Sale Plans
Sebastian James, CEO of Boots, the UK’s largest high street pharmacy chain, is set to leave the company in November.
Bernard Arnault Invests in Richemont
Bernard Arnault, the billionaire founder of LVMH, has acquired shares in Richemont, the Swiss luxury conglomerate known for its high-end jeweller Cartier.
Kering Beauté Appoints Stéphane Perrault as CFO
Kering Beauté has appointed Stéphane Perrault as its new chief financial officer (CFO).
Estée Lauder and TikTok Launch ‘The Catalysts’ Program
The Estée Lauder Companies has introduced The Catalysts program, a global initiative created by its New Incubation Ventures (NIV) and supported by TikTok.
Amazon Introduces Temu-Inspired Section for Budget-Friendly Chinese Products
Amazon plans to launch a dedicated section on its main website, mimicking the style of Chinese cross-border bargain app Temu.
Function Health raises US$53 million in Series A funding round as longevity movement gains momentum
Function Health has closed a US$53 million Series A funding round led by Andreessen Horowitz Bio + Health. A slew of celebrities and prominent wellness personnel also participated, including Matt Damon, Kevin Hart, Zac Efron, Pedro Pascal and Jay Shetty, among others.
Estee Lauder unveils Skin Longevity Institute in China
The Estee Lauder Companies’ flagship brand is opening a new retail concept in China’s Hainan province this weekend. The Skin Longevity Institute, as the new space has been named, will offer a series of facial treatments, skin analysis services and stock the Re-Nutriv line.
Dsm-firmenich issues €800 million long-term bond
DSM-Firmenich has announced the launch of its inaugural €800 million bond with a 10-year maturity due in 2034 at a coupon of 3.625 percent. The bond will be issued by DSM and guaranteed by DSM-Firmenich under the cross-gurantee structure.
Walgreens Boots Alliance lowers guidance as Q3 EPS drops
Walgreens Boots Alliance has lowered its guidance for fiscal 2024 amid a ‘continued challenging environment’. The drug store conglomerate saw adjusted EPS drop 36.6 percent in the third quarter versus the prior year period, while sales inched up 2.6 percent to US$36.4 billion.
Personal Trainer Tracy Anderson debuts fragrance
Trainer to the stars, Tracy Anderson has announced the launch of a dedicated fragrance line under her Heartstone fitness banner. The Heartstone Rose & Vanilla fragrance and candle are designed to ‘uplift and amplify’.
LATEST NEWS
