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.
Wild makes debut at Tesco with new hair care range
Wild has launched in Tesco stores across the UK. The sustainable personal care brand’s range of deodorants, hair care and body washes will be sold in 744 locations with 69 featuring the fully branded standalone bay and 675 with shelf trays.
e.l.f Beauty opens London office
Elf Beauty has cut the ribbon on its first European office. The London base furthers the brand’s commitment to growing its international business. The 10,000 square-foot space in Islington houses 40 employees and will act as a global hub for the brand.
Is Next poised to sweep up The Body Shop?
Next is rumored to be in talks to acquire The Body Shop after new owner, Aurelius, announced that the UK chain would be placed in administration.
Oriflame Debt Dives Amid Challenges
Oriflame Holding AG’s debt is worsening, with its $550 million bonds due in 2026 falling to 26 cents on the dollar after reporting a significant drop in fourth-quarter revenue and profit, with adjusted EBITDA decreasing by 84% to €6.2 million ($6.7 million).
Unilever in marketing shake-up as Chief Brand Officer departs
Unilever’s Chief Brand Officer and Chief Equity, Diversity and Inclusion Officer, Aline Santos Farhat is set to depart the UK-based FMCG giant after a 35-year career at the company.
Planity raises US$50 million in Series C round
Planity has raised US$50 million in a Series C funding round led by InfraVia Capital Partners. Existing investors, Credit Mutuel Innovation, Revaia and BPI France Digital Venture also participated in the round.
Give Me Cosmetics targets £100 million turnover after acquisition
Give Me Cosmetics has announced an ambitious growth target following its acquisition by eComplete. One of the UK’s fastest-growing beauty brands on TikTok, the brand is hoping to grow its turnover to £100 million by 2028.
Fair Trade Suppliers Face Uncertainty as The Body Shop Enters Administration
The Body Shop’s fairtrade suppliers, working with communities from the Amazon to Africa, are left with over US$1 million in potentially unpaid and unordered beauty ingredients due to the company’s UK arm entering administration.
Now L’Oreal scoops Miu Miu licence
L’Oreal has announced that it has signed a worldwide long-term license agreement with Prada for the creation, development and distribution of luxury beauty products for the Miu Miu brand.
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