L’Oréal USA ushers in own impact labeling system
In the absence of a consensus on environmental impact labeling, L’Oréal USA is going it alone. The French beauty giant’s US arm has announced that it is following in the footsteps of its French counterpart and ushering in a ranking on product labels, which will score products on a scale from A to E based on their planetary impact.
Kenya’s Uncover Skincare raises US$1 million in seed round
Kenyan start-up, Uncover Skincare has raised US$1 million in a seed round, with FirstCheck Africa, Samata Capital, Future Africa and IgniteXL named as participants, according to a report published by Tech Crunch.
Kao announces leadership reshuffle
Kao has announced a series of changes to its leadership, effective January 1, 2023. The Japanese FMCG manufacturer is promoting Masakazu Negoro to Senior Managing Executive Officer, responsible for management finance and Toru Nishiguchi to Senior Managing Executive Officer, Vice President Consumer Products Global.
Wella FY22: profit and sales above expectations in second year as standalone firm
Wella Company is celebrating a second successful year as a standalone company. The hair styling giant surpassed targets, delivering year-on-year double-digit profit and growth ahead of expectations in fiscal 2022.
Procter & Gamble settles benzene class action for US$8 million
Procter & Gamble has settled a class action suit for US$8 million dollars, according to a report published by Top Class Actions. The US FMCG manufacturer stood charged with selling aerosol products contaminated with benzene.
Notpla wins The Earthshot Prize 2022
A London-based start-up, Notpla has been named a winner of the 2022 Earthshot Prize in the Build a Waste-Free World category. Notpla has developed an alternative to plastic made from seaweed and plants, which can be used to create a range of packaging materials.
AmorePacific signs VPPA with Bukchon Seomo Wind Power
AmorePacific has signed what it is claiming to be Korea’s first Virtual Power Purchase Agreement (VPPA) with Jeju-based Bukchon Seomo Wind Power.
Citigroup in talks over retrieval of mistaken Revlon payout
Citigroup is said to be in talks with a view to recouping the US$500 million it paid over to Revlon creditors in error in 2020, according to a report published by Reuters.
P&G shareholders revolt over deforestation progress
Holders of Procter & Gamble stock are calling on the US FMCG giant to name an independent chair, according to a report published by Investment Week.
L’Oréal USA names first Chief Transformation Officer for North America
L’Oréal USA has announced the appointment of COO Rahquel Purcell as the first Chief Transformation Officer for the French beauty giant’s North America region. Purcell will lead the newly formed North America Transformation Office.
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