Target pledges to spend more than US$2 billion with Black-owned businesses by 2025
Target has announced that it will spend more than US$2 billion with Black-owned businesses by the end of 2025. The US retailer has committed to add products across its multi-category assortment from more than 500 Black-owned companies.
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Unilever to partner with Universities of Liverpool and Oxford to reduce carbon footprint of personal care products
UK Business Secretary Kwasi Kwarteng has announced nine innovative business-led research partnerships to develop new technologies, backed with more than £75 million in joint investment from government, business and academia.
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Aekung department store to produce bespoke beauty
AK Plaza, the department store unit of K-beauty giant Aekung, has unveiled a prototype store that will produce bespoke cosmetics in house, according to a report published by Aju Daily.
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Revlon lenders petition judge to release frozen funds
The Revlon lenders battling with Citigroup to retain some US$500 million paid over in error have argued that they should be free to use the money as they see fit, according to a report published by Reuters.
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The Estee Lauder Companies announces retirement of EVP, Global Communications
The Estee Lauder Companies has announced the planned retirement of Alexandra Trower, Executive Vice President, Global Communications, on July 1, 2021. Her successor is yet to be announced.
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Beiersdorf Q1: sales up 6.3 percent thanks to tesa boom
Beiersdorf has reported its results for the first quarter of fiscal 2021. The German manufacturer of Nivea saw organic sales grow 6.3 percent, beating expectations, courtesy of an impressive 23.6 percent sales growth of its tesa business unit.
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Sally Beauty to stock all four Cultivate Cohort brands
Sally Beauty has announced that all four brands selected for its accelerator program, Cultivate, will be stocked on its website and CosmoProfBeauty.com.
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Amyris names Reese Witherspoon Global Brand Ambassador for Biossance
Amyris has announced a five-year partnership with Reese Witherspoon as Global Brand Ambassador for its Biossance brand.
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Shu Uemura to open global flagship in Tokyo
Shu Uemura is preparing to unveil a global flagship in Tokyo, Japan. The store will boast a façade inspired by the make-up brand Founder’s original make-up case with a ridged black front, according to a report published by Retail & Leisure International.
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Forsythe Cosmetics President charged for violating Iran sanctions
The President of Forsythe Cosmetics Group, Michael Rose has been charged for his supposed involvement in a plan to skirt US economic sanctions on Iran, according to a report published by Reuters.
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