Coty Q3 2024: Sales beat expectations, up 10 percent LFL
Coty has announced its results for the third quarter of fiscal 2024. The US beauty manufacturer said its performance was in-line to ahead of expectations with strong above-market sales growth, reported and adjusted operating income growth and gross and operating margin expansion.
Kenvue to lay off 4 percent of global workforce
Kenvue has announced that it is set to reduce its global headcount by 4 percent as part of a wider efficiency plan. Restructuring costs have been pegged as US$275 million per year for the next two years.
MAC names TikTok star Sabrina Bahsoon as Global Brand Ambassador
MAC has named Sabrina Bahsoon as its newest Global Brand Ambassador. Known for posting TikTok videos of her performing dance routines on the London Underground, the social media sensation has racked up more than 2 billion views on the app.
Mary Kay expands Scandinavian presence with Denmark debut
Mary Kay has announced that its products will be sold in Denmark. With this launch, Mary Kay products are now available in all the Scandinavian and Nordic markets in partnership with Lesley Cosmetics, the direct sales brand’s authorized distributor in Scandinavia.
Shiseido Hong Kong unveils innovative AI-based campaign
Shiseido has collaborated with Hong Kong-based Narrow Door, iProspect and Innocept to create a novel campaign designed to promote its signature skin care range. The campaign stars pop group Mirror and fuses artificial intelligence with creativity.
Henkel ups forecast on back of ‘very good’ business performance
Henkel has announced that, based on the ‘very good’ business performance in the year to date, it is raising the outlook for the current financial year. Organic sales growth is now expected to be between 2.5 percent and 4.5 percent (up from the previous 2 to 4 percent range).
Unilever apologises after ‘mistaken’ discharge into watercourse
Unilever has issued an apology after a foam discharge was mistakenly pumped into a brook near Liverpool. The incident has been reported to the Environmental Agency.
Godrej Q4 ‘24: strong performance despite challenging conditions
Godrej has reported its results for the final quarter of the 2024 financial year. The Indian consumer goods giant saw consolidated EBITDA rise 18 percent versus the same period in the prior year.
Edgewell Personal Care holds competition for educators to design limited edition Schick pack
Edgewell Personal Care and the Dollar General Literacy Foundation have announced the second annual Emerging Artist Contest. Middle and High School art teachers are being encouraged to enter their original piece of artwork to win a one-time prize.
Johnson & Johnson hopes to put the talc scandal to bed with third bankruptcy filing
Will it be third time lucky for Johnson & Johnson in its attempt to settle multiple lawsuits that challenge the safety of its talc-based baby powder. The US health care manufacturer’s proposed US$6.475 billion settlement is said to be close to a resolution.
Greenpeace Disrupts Unilever AGM, Calls for Action on Plastic Pollution
Greenpeace UK has significantly escalated its campaign against Unilever, targeting the conglomerate’s plastic usage policies at its Annual General Meeting (AGM) held at the Hilton London Bankside.
David Greenberg Elected as New Chair of the Personal Care Products Council
The Personal Care Products Council (PCPC) has announced the election of David Greenberg as the new board chair, effective May 2024.
FDA Delays Proposal to Ban Formaldehyde in Hair Relaxers Amid Rising Health Concerns
The U.S. Food and Drug Administration (FDA) has missed its own deadline to propose a ban on formaldehyde in hair relaxers, a decision that was initially set for April 2024.
Olaplex Reports Continued Sales Decline in Q1 Amid Distribution Strategy Shift
Olaplex has reported a continued downturn in its sales, with a 13.1 percent decrease in net sales down to $98.9 million in the first quarter of 2024.
Dabur India Surpasses Q4 Profit Expectations Amidst Robust Domestic Demand and Lower Costs
Dabur India, a prominent player in the consumer goods sector, has reported a notable 16.2% increase in fourth-quarter profit, exceeding analyst expectations due to strong domestic demand and decreased operational costs.
Inter Parfums Reports Strong First Quarter, Eyes Continued Growth Amidst Market Challenges
Inter Parfums, Inc. (NASDAQ: IPAR) has announced a positive start to the year with first-quarter net sales reaching $324 million, a 4% increase from $312 million in the first quarter of 2023.
AmorePacific Reports Strong Q1 Results; Sparks Rally in Cosmetics Stocks Amid Chinese Market Recovery
AmorePacific, a leading player in the cosmetics industry, reported an unexpected operating profit for the first quarter of the year, prompting a surge in domestic cosmetics stocks as optimism grows over a rebound in Chinese consumer spending.
Puig Unveils New Company Logo Symbolizing a Fusion of Heritage and Innovation
Puig, a venerable name in the beauty and fashion industry, has introduced a new company logo that honors its storied past while looking forward to a vibrant future.
Bella Hadid Launches ‘Ôrəbella, A New Era of Fragrance, Exclusively at Ulta Beauty
Model, activist, and entrepreneur Bella Hadid has officially introduced her innovative fragrance brand, ‘Ôrəbella, to the beauty market.
Kate Moss Launches Cosmoss at London’s Liberty Beauty Hall
Supermodel and entrepreneur Kate Moss has officially launched her wellness brand, Cosmoss, at the renowned Beauty Hall of Liberty department store in London.
We’re revolutionising the cleansing category: Olay debuts water-activated cleanser
Olay has broken into the minimal beauty category with a new 3-in-1 cleansing pad that it is describing as ‘a new way to wash your face’ and promises to cleanse, tone and refresh in one simple step.
Augustinus Bader unveils Sofia Coppola Collab
Augustinus Bader has teamed up with Sofia Coppola to launch a line of tinted lip balms, the brand’s first foray into lip color. The Tinted Balm, as the range has been named, is available in three shades.
Safety of invasive beauty treatments called into question as three women contract HIV following vampire facials
The Centers for Disease Control and Prevention have published a report revealing that three women contracted HIV following a vampire facial at a spa in New Mexico. The cases are thought to be the first documented HIV transmissions from a cosmetic procedure.
L’Oreal Paris China partners with McCann to reinterpret famous slogan
L’Oreal Paris China has partnered with McCann China and a series of celebrities to narrate the story behind the brand’s infamous slogan. The brand has also invited a series of ordinary Chinese women to share their interpretation of the ‘I’m Worth It’ tagline.
Mother Science closes US$3.5 million funding round
Mother Science has closed a US$3.5 million funding round, led by Greycroft. Under the terms of the deal, Greycroft Partner, Katherine Power will join the skin care brand’s Board of Directors. The funds will be invested in R&D, further innovation, product launches and team growth.
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