IFRA and Cosmetics Europe welcome support from European Parliament for CLP revision
The International Fragrance Association and Cosmetics Europe have issued a statement welcoming the European Parliament’s support for the revision of the Regulation on the Classification, Labeling and Packaging of Chemical Substances and Mixtures (CLP).
DFS to open seven star luxury retail destination in Hainan
DFS has announced that it will open a seven-star retail and entertainment destination in Sanya, Hainan, China by 2026. DFS Yalong Bay, as the new 128,000 sq m site will be known will feature more than 1,000 luxury brands.
Qatar Duty Free announces two executive hires
Qatar Duty Free has named Grant Fleming as Vice President, Food & Beverage and Nuno Moreira as Vice President, Strategy & Commercial, effective immediately.
JLo Beauty launches at Macy’s
Jennifer Lopez’s beauty brand, JLo Beauty, has hit shelves at Macy’s. The skin and body care range will be available to buy at select stores as well as on the department store’s website and app.
New Unilever Philippines facility to increase production by 15 percent
Unilever Philippines has ramped up production by 15 percent thanks to an €80 million investment in a state-of-the-art facility.
L’Oreal offloads Sanoflore stake
L’Oreal has sold its stake in Sanoflore to Ekkio Capital and Sergio Calandri, Sanoflore’s CEO, for an undisclosed sum.
BASF cuts ribbon on offshore wind farm
BASF, Vattenfall and Allianz have inaugurated a jointly-owned 1.5 gigawatts wind farm in the North Sea. One of the largest in the world, the new offshore facility will supply renewable power to support BASF’s chemical production in sites across Europe.
Garnier partners with Great Barrier Reef Foundation
Garnier and the Great Barrier Reef Foundation have announced a multi-year partnership to support the survival of the world’s largest coral reef system.
Olaplex tackles dupes with viral social media campaign
Olaplex has been raising awareness of ‘dupe culture’ via a playful social media campaign. The hair care brand used social listening tools to identify how often it was being duped and launched Oladupe to demonstrate to shoppers that the only company that could recreate its patented formula is Olaplex itself.
Aurelius Group rumored to be in the running to buy The Body Shop
Aurelius Group has been named as the latest suitor for Natura &Co’s The Body Shop. The Brazilian beauty behemoth is said to be working with Morgan Stanley on a potential sale and could reach a provisional agreement with one of the interested parties by the end of the month.
L’Oreal cuts ribbon on UK HQ
L’Oreal has cut the ribbon on its new, purpose-built UK headquarters in London’s White City. The French beauty giant has moved al 1000+ head office employees into the new space.
MAV Beauty Brands adds Beattie to its Board
MAV Beauty Brands has announced that Scott Beattie has joined its Board of Directors as an Independent Director, effective immediately. Following his appointment, Jeffrey Barber and Kathy Mayor have resigned from the Board.
Kao to sell a third of beauty portfolio as profits continue to fall
Kao is mulling the sale of several non-core cosmetics brands in a bid to return to profit. The Japanese owner of Molton Brown is forecasting a further drop in net profit for 2023.
Is Dr Barbara Sturm’s eponymous brand up for sale?
Just months after an investment from Oprah Winfrey, Dr Barbara Sturm’s eponymous skin care brand is said to be up for sale.
LVMH CEO Investigated for Money Laundering
French prosecutors are currently investigating a transaction between Bernard Arnault, the CEO of LVMH, and a Russian businessman over suspicions of possible money laundering.
Executive Pay Cut at Estée Lauder in 2023
Estée Lauder has unveiled the executive pay for 2023, revealing a significant cut.
John Lewis Partnership Chairman Initiates Successor Search
Sharon White, Chairman of the John Lewis Partnership, has informed the Partnership Board that it is time to begin searching for her successor as her term nears its end.
Walmart Alters Corporate Staff Compensation
Walmart is changing titles and pay for many of its corporate employees.
P&G India Announces New Fund
Procter & Gamble India (P&G India) is setting up a ‘P&G Supply Chain Catalyst Fund’ worth 300 crore.
Estée Lauder Announces New Paris Atelier to Boost Fragrance Innovation
The Estée Lauder Companies (ELC) is opening an Atelier in Paris following a 40% increase in fragrance sales since 2019.
Fenty Beauty to Launch at Ulta Beauty at Target
Fenty Beauty is set to launch at Ulta Beauty within Target stores on October 1, 2023, offering a selected range of products from Rihanna’s beauty brand.
Shinsegae Secures Exclusive Deal with Dolce & Gabbana Beauty in South Korea
Shinsegae International has entered into an exclusive deal with Dolce & Gabbana to distribute its beauty products in South Korea.
Tesco Trials Sensitive Skin Section
Tesco has started a new sensitive skin section trial in some of its stores. This section is intended to make it easier for customers to find products suitable for sensitive skin.
Maybelline New York Enters Roblox: A New Realm for Makeup Enthusiasts
Maybelline New York has joined forces with the game Splash on Roblox, aiming to attract a new group of makeup enthusiasts within the platform’s music community.
Coty to list on Paris stock exchange
Coty has announced the launch of a global offering of 33 million shares of Class A common stock and that it has applied for the listing and trading of its Class A Common Stock on the professional segment of Euronext Paris.
LATEST NEWS
