Belcorp embraces AI to streamline operations
Belcorp has deployed a Spanish-language chatbot named Jessica on What’sApp to help its sales force access key company information, complete training courses and stay abreast of offers, and is now expanding its use of AI across multiple business processes.
L’Oreal Paris appoints footballer Mary Fowler brand ambassador
As Paris gears up to host the Olympic Games this summer, L’Oreal Paris has made a timely appointment; the French beauty brand has named Mary Fowler as its latest brand ambassador.
Huda Kattan is back as CEO of Huda Beauty; announces a redesign for her brand
Huda Kattan has revealed that she has taken back the role of CEO of her eponymous beauty brand and is poised to unveil a new logo, packaging and products in the coming months.
Oddity FY2023: record breaking revenue, income and EBITDA
Oddity has announced its results for the full year ended December 31, 2023. The consumer tech company reported record revenue of US$509 million, up 57 percent versus the prior year; record net income and record adjusted EBITDA.
Henkel FY2023: ‘very strong’ sales growth and significant earnings improvement
Henkel has announced its results for FY2023. The German manufacturer of Schwarzkopf pronounced its sales growth as ‘very strong’, with organic sales up 4.2 percent to €21.5 billion. Operating profit also saw a significant increase, rising 10.2 percent to €2.6 million.
Estee Lauder unveils collab with Indian designer Sabyasachi Mukherjee
The Estee Lauder Companies’ signature brand has teamed up with Indian bridalwear designer Sabyasachi Mukherjee to create a limited edition line of lipsticks; a launch that may well tease a full-blown beauty offer for the fashion brand.
Symrise CEO hands baton to successor
Symrise boss Dr Heinz-Jurgen Bertram has announced that he is handing over the role of CEO to Dr Jean-Yves Parisot at the end of the month. Parisot currently heads up the Taste, Nutrition & Health unit.
Olaplex CEO: we’re facing ‘tough decisions’
New Olaplex CEO, Amanda Baldwin has shared the company’s plans for future growth following a ‘challenging’ 2023. Indeed, FY2023 net sales dropped 34.9 percent to US$458.3 million versus the prior year.
Target Q42023 and FY2023: earnings up but sales decline
Target has announced its results for the fourth quarter of fiscal 2024. The US retailer saw comparable sales drop 4.4 percent in the fourth quarter, although revenue rose 1.7 percent to US$31.9 billion and adjusted earnings per share were US$2.98 compared with 2022’s US$1.89.
Douglas Seeks €1.1 Billion in Frankfurt IPO to Fuel Growth and Reduce Debt
Douglas, a European perfume retailer, aims to raise up to €1.1 billion ($1.2 billion) through an IPO in Frankfurt, backed by its private equity owner CVC Capital Partners.
Dove joins call to protect tweens from adult skin care concerns
Dove has joined the call to protect tweens from premature appearance anxiety, caused by exposure to adult skin care content on social media, which is harming their self-esteem. The brand has teamed up with Dr Phillippa Diedrichs and Dr Marisa Garshick to create The Gen A Anti-Ageing Talk, a free resource on how to talk to young people about anti-ageing.
Arkhouse and Brigade Increase Offer to Acquire Macy’s, Revealing Major Equity Partners
Arkhouse Management, in collaboration with Brigade Capital Management, has made an increased all-cash offer to acquire Macy’s at US$24.00 per share, revealing Fortress Investment Group LLC and One Investment Management US as equity partners.
Amorepacific and KORA Launch Initiative to Recycle Cosmetic Glass Bottles
Amorepacific Group has partnered with the Korea Resource Circulation Service Agency (KORA).
Sarah Akram Joins Dior Beauty as U.S. Skincare Expert and Ambassador
Dior Beauty has appointed Sarah Akram, a Washington, D.C.-based aesthetician, as its skincare expert and ambassador for the U.S. market.
Clinical Skin Acquires Glytone, Expanding its Footprint in Cosmeceutical Skincare
Clinical Skin has acquired Glytone from Pierre Fabre Laboratories, expanding its portfolio in the cosmeceutical skincare industry.
Aesop Unveils Women’s Literature Event Across China
Aesop is set to host the Aesop Women’s Literature Library event from March 1 to March 17, featuring the theme “A Tale of Two Cities”.
Aurezzi: Luxury Oral Care Meets Celebrity Endorsement
luxury oral care brand founded by Noel Abdayem, has launched as a direct-to-consumer brand with DJ Khaled as a stakeholder and ambassador.
Boots Appoints Preyash Thakrar as New Strategy and Transformation Director
Boots has appointed Preyash Thakrar, a former Asda executive, as its new strategy and transformation director, starting March 1.
Superdrug Cuts Oral Care Prices Amid UK Dental Crisis
Superdrug announced a 20% price reduction on its Own Brand Oral Care range, ProCare, equating to the removal of VAT, to address the UK’s dental crisis and lack of NHS dentists.
Bath & Body Works Outperforms Forecasts but Faces Challenges Ahead
Bath & Body Works surpassed Wall Street forecasts in its Q4 fiscal 2023 earnings, reporting net sales of US$2.9 billion, a 0.8% increase year-over-year, and net income of US$579 million, up from US$428 million.
Beiersdorf predicts slowing sales growth for FY2024
Beiersdorf has warned that sales growth is expected to slow over the course of FY2024 and is forecasting mid-single-digit percentage growth this year, after reporting a 10.8 percent increase for FY2023.
RMS Beauty steps into skin care arena
RMS Beauty has launched its first skin care line. The clean beauty brand makes its debut into the category with three products: a moisturiser, face oil and serum mist.
Croda issues profit warning as demand dips
Croda has warned that it expects profits and margins to fall over the course of the year as demand dwindles across its two of its core businesses: crop protection and industrial specialties. Shares dipped 2 percent in response to the news.
Shiseido announces new transformation plan for Japan business
Shiseido has announced another new business transformation plan. Mirai Shift Nippon 2025 is part of a process led by President and COO, Kentaro Fujiwara, to review and carry out a structural reform of the Japan business.
YSL Beauty extends Dua Lipa role to cover make-up pillar
YSL Beauty has named Dua Lipa as the global face of its new cosmetics campaign. The singer has fronted the L’Oreal-owned brand’s Libre fragrance campaign for the past five years.
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