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.
Unilever signs multi-brand sponsorship deal for Copa America 2024
Unilever has signed a multi-brand partnership with Conmebol for the 2024 Copa America. The deal will see Axe, Degree, Dove and Dove Men+Care named official sponsors of the US tournament.
US FDA announces amendment to Food Drug and Cosmetic Act to include IVDs in scope
The US FDA has clarified that in-vitro diagnosis products (IVDs) are devices under the Food, Drug and Cosmetic Act, including when the manufacturer of the IVD is a laboratory.
P&G recognises suppliers with Partner of the Year awards
Procter & Gamble has awarded its Partner of the Year award to 12 companies and granted its 2024 Supplier Impact Award to five suppliers for their industry-leading efforts to create business value whole serving people and the planet.
Lush Korea to expand use of locally sourced beans
Lush Korea has struck a deal with the Ministry of Agriculture, Food and Rural Affairs to up its use of locally sourced ingredients. The pair signed a memorandum of understanding which will see the ethical cosmetics brand use locally grown beans and pulses in beauty products.
L Catterton acquires majority stake in Kiko Milano
L Catterton has announced that it has entered into a definitive agreement to acquire a majority stake in Kiko Milano from the Percassi Family for an undisclosed sum. The Italian founders will retain a significant stake in the make-up brand.
The Estee Lauder Companies and Microsoft debut AI Innovation Lab
The Estee Lauder Companies and Microsoft have announced the creation of an AI Innovation Lab as an expansion of their global strategic relationship. Leveraging cutting-edge generative AI capabilities in Microsoft Azure OpenAI Service, the companies will work together to develop solutions that further empower ELC’s brands.
Cosmetic Executive Women announces 2024 Achiever Awards honorees
Cosmetic Executive Women (CEW) held its annual Achiever Awards to acknowledge eight leaders who are shaping the industry. The Visionary Awards will follow with a live event in Santa Monica next week.
Kylie Cosmetics launches in India
Kylie Cosmetics has announced its launch in India. Partnering with House of Beauty, a first for the Coty-backed brand, Jenner’s famous lip kits will be sold in 25 Sephora India stores nationwide and online via Sephora’s dedicated e-commerce site.
Kering Beaute drafts in L’Oreal Executive to head up Americas region
Kering Beaute has announced the appointment of Alexandre Choueiri to the newly created role of President and CEO, Americas. Choueiri joined the company in October last year from L’Oreal Luxe as President at House of Creed Latin America.
Galderma Reports Strong First-Quarter Growth, Shares Climb on Positive Outlook
Swiss skincare giant Galderma has announced a robust first-quarter net sales figure of US$1.071 billion, marking a 12.4% increase year-on-year.
Unilever Agrees to US$2 Million Settlement Over Benzene-Contaminated Suave Deodorants
Unilever has agreed to a US$2 million settlement to resolve allegations that its Suave brand aerosol deodorants were contaminated with benzene, a known carcinogen.
European Parliament Moves to Ban Forced Labor Goods
In a significant legislative move, the European Parliament approved rules aimed at banning the sale, import, and export of goods within the EU that are made using forced labor.
L’Oréal Champions Age-Appropriate Skincare, Advocating Against Anti-Aging Products for Children
L’Oréal has reaffirmed its commitment to promoting only age-appropriate skincare products for children, emphasizing that the primary focus should be on basic hygiene, personal care, and specific skin conditions such as eczema and acne.
Laneige Appoints Travel Creator Won Ji as Brand Ambassador for Cream Skin
Laneige, a leader in functional beauty innovations, has announced the appointment of travel creator Won Ji as the new brand ambassador for its flagship product, the Cream Skin Cerapeptide™ Refiner.
L’Occitane’s Billionaire Owner Reinold Geiger Eyes Taking Company Private in a Potential US$7 Billion Deal
Reinold Geiger, billionaire owner of L’Occitane International SA, is reportedly nearing a bid to privatize the skin-care giant in a deal that could value the company at approximately US$7 billion, including debt.
Unilever Reports Robust Q1 Growth for 2024, Announces Strategic Business Changes
Unilever has announced its financial outcomes for the first quarter of 2024, showcasing an underlying sales growth of 4.4%, with a notable 2.2% increase in volume.
PZ Cussons to Divest St Tropez Brand and Reevaluate African Operations Amid Financial Strain
PZ Cussons, the multinational company behind Imperial Leather, has announced strategic shifts including the sale of its St Tropez self-tanning brand and a thorough review of its operations in Africa, particularly in response to economic challenges in Nigeria.
Australia Updates Sunscreen Standards to Align with Global Best Practices
Standards Australia has released an updated sunscreen standard, AS/NZS 2604:2021, setting new benchmarks for sunscreen testing and labeling to ensure products sold in Australia and New Zealand meet international quality guidelines.
Johnson & Johnson and Spinoff Kenvue Ordered to Pay US$45 Million in Talc Cancer Case
In a landmark ruling, Johnson & Johnson and its spinoff, Kenvue Inc., have been ordered to pay US$45 million to the family of Theresa Garcia, an Illinois woman who attributed her fatal cancer to the companies’ talcum-based baby powders.
L’Oreal USA names President for Luxe division
L’Oreal USA has announced the appointment of Silvia Galfo as President, L’Oreal Luxe. Galfo succeeds Megan Grant and will report to David Greenberg, CEO, L’Oreal USA.
Allergan Aesthetics announces open casting for new Botox campaign
Allergan Aesthetics is inviting consumers to put themselves forward as the next face of its Botox and Juvederm brands. Existing patients and those considering aesthetic treatment can apply for a chance to be included in future campaigns.
Saks launches Media Network
Saks has launched the Saks Media Network, a tech-driven program designed to help brands reach the e-commerce platform’s customer base through digital advertising throughout the shopping journey.
La Mer names King of Mandopop as first male ambassador
La Mer has named Jay Chou as its latest ambassador. The singer, dubbed the ‘King of Mandopop’ by his fans, is the Lauder-owned, luxury skin care brand’s first male ambassador.
Anastasia Beverly Hills opens pop-up in New York
Anastasia Beverly Hills is opening the doors of a pop-up in New York this weekend. The space is designed to showcase the brand’s latest launch, hybrid skin care-makeup product, Beauty Balm.
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