Will Walgreens spin off Boots UK?
Walgreens Boots Alliance is said to be considering an initial public offering for its Boots UK business on the London Stock Exchange.
Straand raises US$2.6 million in funding round led by Unilever Ventures
Straand has closed a US$2.6 million funding round led by the Harvey Family Office and Unilever Ventures. The round brings the scalp care brand’s fundraising total to US$4.6 million.
Sephora to open third UK store in 2024
Sephora has announced that it is planning to open a further UK store next year. The LVMH-owned retailer will cut the ribbon on a 5,380 square foot space in Manchester’s Trafford Centre in summer 2024.
P&G names new Board Member
Procter & Gamble has named Ashley McEvoy to its Board of Directors. McEvoy is best known for her three-decade-long career with Johnson & Johnson, culminating as Executive Vice President, Worldwide Chairman of MedTech.
UK launches probe into Unilever’s ‘green’ claims
The UK’s Competition and Markets Authority (CMA) has announced that it will scrutinise ‘green’ claims made by Unilever via a formal investigation after an initial review uncovered some ‘concerning practices’.
Revolution CFO to step down
Revolution Beauty is bowing to pressure from shareholders to shape up its management team. The UK-based make-up firm has announced that CFO, Elizabeth Lake will step down at the end of this month.
Shein mulls London IPO
Shein is said to have met with the London Stock Exchange to explore the possibility of a listing in the UK.
Shiseido sets up new venture fund, LIFT Ventures
Shiseido has announced the launch of a new venture fund. Shiseido Long Term Investments for the Future (LIFT) Ventures, as the new fund has been named, will be a vehicle for investing in innovative early-stage companies within the beauty wellness space.
Sephora names 2024 cohort for Accelerate program
Sephora North America has announced the names of eight BIPOC brand founders who have been selected to join its 2024 Accelerate program. The cohort spans the hair care, make-up, skin care and fragrance categories.
LVMH cedes control of Starboard; sells majority stake
LVMH has sold a majority stake in Cruise Line Holdings Co, owner of Miami-based Starboard, to a group of investors headed up by Jim Gissy. Financial terms of the deal were not disclosed.
Christian Louboutin Beauty names Global Makeup Artist
Christian Louboutin has named Morgane Martini as Global Makeup Artist for its beauty arm. The brand noted on its Instagram page that Morgane will ‘bring her talent to express her interpretation of Christian Louboutin glamour’.
Claire’s opens Mexico City flagship
Claire’s has entered the Mexican market, cutting the ribbon on a 1,227 square foot flagship store in Mexico City. The new location will stock the brand’s jewelry, hair accessories, cosmetics and tech ranges.
Yoshitsu to take direct control of Hong Kong stores
Yoshitsu has announced that it is going to take over direct operating control of its stores in Hong Kong, mainland China, Japan, North America, and the UK from incumbent management agency, Excellent Wellbeing International.
Rare Beauty debuts body care range
Rare Beauty is set to unveil a new body care line. The brand has opened a waitlist for its Find Comfort Body Collection.
Major Bid to Privatise Macy’s
Arkhouse Management and Brigade Capital have put forward a significant proposition to acquire Macy’s for $5.8 billion,
Kuala Lumpur Hosts SEPHORA’s Debut 3D Interactive Show
SEPHORA Malaysia is introducing the ‘Unwrap Their Beautiful’ campaign for the holiday season, featuring an interactive 3D showcase on large screens in the capital city.
E.l.f. Launches Bitmoji Lipstick Promo
E.l.f. Cosmetics has partnered with Snapchat for a unique promotion, introducing the “Bitmoji Beauty Drop” for their O Face Satin Lipstick.
Gillette’s New Gaming-Focused Campaign
Gillette announced the launch of the “Hit Reset with Gillette” campaign, targeting the gaming community to promote grooming post-gaming.
Unilever, UEFA Announce EURO 2024 Sponsorship
Unilever and UEFA have announced a sponsorship deal for UEFA EURO 2024™, with Unilever’s Nutrition and Personal Care brands becoming Official Sponsors.
LVMH Expands Environmental Initiatives Globally
LVMH announced at COP 28 in Dubai the expansion of its environmental efforts under its LIFE 360 program, focusing on biodiversity conservation and climate change
Class Action Suit Hits Estee Lauder
A class action lawsuit has been filed against The Estee Lauder Companies Inc. in the U.S. District Court for the Southern District of New York.
P&G Halts Operations in Nigeria
Procter & Gamble (P&G) has decided to stop its on-ground operations in and move to an import-based model.
Sa Sa Reopens Store in Singapore
Sa Sa has reopened in Singapore with a new store at Jurong Point following the closure of its 22 outlets in 2019
Pantone Unveils 2024 Color: Peach Fuzz
Pantone has chosen Pantone 13-1023 Peach Fuzz as its color for 2024.
Backpeddling: Will Natura &Co sell Avon International next?
Natura &Co is rumored to be weighing the possibility of offloading its Avon International unit. The Brazilian beauty giant, which has already sold Aesop to L’Oreal and struck a deal for The Body Shop in the last year, is said to be keen to focus on its home market.
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