The Hut Group to spin off beauty business next year
The Hut Group has announced plans to separate its THG Beauty division and list it on a public share trading exchange in 2022.
Buy less to end supply crisis, says Maersk executive
The CEO of Maersk-owned APM Terminals has warned that elevated consumer demand is exacerbating the supply chain crisis, according to a report published by the Financial Times.
Is kratom the new CBD? Thailand sees sales boom after legalisation
Could the beauty and wellness industry be about to unveil 2021’s answer to CBD? Thailand has seen domestic sales of opioid alternative, kratom boom after the drug was legalized in late August, according to a report published by Bloomberg. The country is now poised to green-light exports to the US, the world’s largest market.
Avon revamps digital sales model as clicks replace calls
As part of its 135th anniversary celebrations, Avon has unveiled a series of new features for its Avon On platform as well as a new compensation model for Representatives, dubbed Avon Rewards and a beefed up CSR fund of US$1.35 million for women’s causes around the world.
L’Occitane unveils social selling platform
L’Occitane has announced the launch of its social selling platform, MyL’Occitane. The company said that its goal is to empower its eco-conscious community by providing them with the opportunity to start their own entrepreneurial journey.
Procter & Gamble aims for net zero by 2040
Procter & Gamble has announced a comprehensive plan to accelerate its fight against climate change and set a new ambition to achieve net zero greenhouse gas emissions across its operations and supply chain, from raw material to retailer, by 2040.
Could do better: beauty left behind in Refinitiv’s Diversity and Inclusion ranking
Refinitiv has released its annual ranking of firms’ performance in Diversity & Inclusion. The industry with the highest D&I score is software and IT services; Kering, South Africa’s Woolworths and GlaxoSmithKline were the only beauty-related companies to secure a top 25 spot, ranked 9th, 12th and 21st respectively.
China declares war on plastics; microbeads to be banned and retailers encouraged to reduce plastic packaging
China has unveiled a five-year plan aimed at promoting more eco-friendly plastics, reducing the amount of plastic used in packaging and upping its recycling and incineration capabilities, according to a report published by Reuters.
Merit raises US$20 million in Series A funding round
Minimalist beauty brand Merit has announced a US$20 million Series A funding round led by L Catterton. Macy Venture Partners and Sonoma Brands also participated in the round.
PZ Cussons’ Camel brand launches CSR campaign
PZ Cussons-owned antiseptic brand, Camel, has launched the second tranche of its current CSR program, Because We Care, according to a report published by Peace FM.
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