The Estée Lauder Companies issues $600 million of Senior Notes
The Estée Lauder Companies (ELC) has announced the offering and pricing of $600 million of 1.950 percent Senior Notes, due 2031.
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Instagram calls on fashion, beauty and Black businesses to promote launch of Live Rooms
Instagram has announced the launch of Live Rooms, which allows up to four users to live stream. The Facebook-owned social media site is using both fashion and Black businesses to promote the launch, according to a report by WWD.com.
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MAC teams up with Lebanese actress Nadine Njeim on new make-up range
MAC Cosmetics has teamed up with Lebanese actress and model Nadine Nassib Njeim to create a new make-up range, named The Black Cherry x Nadine N. Njeim, according to a report by Arab News.
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Croda acquires French beauty ingredient supplier Alban Muller in €25m deal
British specialty chemicals company Croda has acquired French beauty ingredient supplier Alban Muller in a €25m deal.
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Hindustan Unilever aims to be waste neutral by year end
Hindustan Unilever (HUL) has announced that it will achieve 100 percent plastic waste collection in 2020, meaning it will collect and process more packaging waste than it uses in its production.
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Kiehl’s partners with Gyrl Wonder
L’Oréal-owned Kiehl’s has announced that it has teamed up with Gyrl Wonder, a cross-cultural mentorship program that helps shape young women of color through social impact and career exploration.
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Estee Lauder names Ana de Armas Global Brand Ambassador
Estee Lauder has signed Ana de Armas as its new Global Brand Ambassador. The Golden Globe Award-nominated actor will feature in campaigns across digital, TV, in-store and print starting by fronting ads for a new fragrance set to make its debut this month.
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UCO Cosmetics mulls Hong Kong IPO
Chinese e-commerce servicing firm, UCO Cosmetics is mulling floating on the Hong Kong stock exchange, according to a report published by Bloomberg quoting sources ‘familiar with the matter’.
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Solvay to cut 500 jobs despite Q4 sales rise
Solvay has reported its results for the final quarter and full year 2020. For the full year, sales were down 10 percent organically, despite signs of recovery in Q4, with net sales up 5 percent sequentially versus Q3 (-4.1 percent yoy).
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TikTok to pay out US$92 million over facial recognition tech
TikTok will pay out some US$92 million to settle a class action suit which claims that the Chinese social media site has breached privacy laws through its use of facial recognition tech to identify a user’s gender, age and ethnicity, according to a report published by BBC News.
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