LVMH FY2022: revenue hits new records and profit soars 23 percent
LVMH has announced its results for the 2022 financial year. The luxury goods conglomerate saw revenue rise 23 percent to a record €79.2 billion and profit leap 23 percent to €21.1 billion.
Amazon debuts air freight service in India
Amazon is now offering a logistics service in the all-important Indian market. The e-commerce behemoth has partnered with Quikjet Cargo Airlines and will use its Boeing 737-800 aircraft to deliver to cities across the country such as Mumbai, Hyderabad, Delhi and Bengaluru, according to a report published by Nikkei Asia.
P&G to open central distribution center for Europe in Greece
Procter & Gamble is expanding its logistics heft in Europe with the opening of a supply chain and logistics hub in Greece serving the European market, according to a report published by Hellenic News.
Univar Solutions snaps up Kale Kimya
Univar Solutions has announced that it has signed an agreement to acquire Turkish specialty chemicals distributor, Kale Kimya.
Revolution Beauty names President for US market
Revolution Beauty has announced the promotion of Sara Staniford to the role of President of Revolution Beauty, USA. Staniford will make the leap from Group Retail Director of Revolution Beauty London.
Aptar wins awards for recyclable, mono-material lotion pump
Aptar has won two awards for its recyclable, mono-material lotion pump; the Worldstar 2023 in the Packaging Materials and Components category.
Elemis announces status as a Certified B Corp
L’Occitane-owned Elemis has announced its status as a Certified B Corp, which follows a two-year process.
Twinco Capital raises US$12 million: focus on expansion
Twinco Capital has announced it has closed a US$12 million equity and debt round in order to expand its supply chain finance platform.
Beiersdorf extends WWF partnership for more sustainable palm oil production in Indonesia until 2026
Beiersdorf has extended its partnership with the World Wildlife Fund for Nature (WWF) and will continue to support the nature conservation organization’s project in West Kalimantan, the Indonesian part of the island for the coming four years.
L’Oréal UK partners with Net Zero Now to support high street hair salons take climate action
L’Oréal UK has partnered with Net Zero Now on the initiative Net Zero Salons Programme, which enables hair salons across the UK and Ireland to achieve net zero.
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