LG Household & Healthcare reports Q2 net profit drop of 44.3 percent
LG Household & Healthcare has reported a Q2 net profit drop of 44.3 percent, reporting 126 billion won (US$96.9 million) in the April-June period, compared with 226.4 billion won during the same period last year.
Estee Lauder Companies to buy-out Tom Ford beauty brand?
The Estee Lauder Companies (ELC) is said to be mulling a buy-out of beauty brand Tom Ford in a potential US$3 billion deal, according to a report by Reuters.
Henkel unveils new corporate branding identity
Henkel has strategically evolved and redesigned its global corporate brand identity, together with MetaDesign, the brand consultancy of Publicis Groupe Germany.
Revlon gets green light for US$1.4 billion bankruptcy loan
Revlon has been given permission by U.S. bankruptcy judge David Jones to proceed with a US$1.4 billion loan, following an objection filed by junior creditors, according to a report by Reuters.
Unilever reports progress on Compass strategy
Unilever contends that its second quarter and first-half results prove that its strategic choices, known collectively as Unilever Compass, are paying dividends.
L’Occitane cuts ribbon on first sustainability concept store in Hainan
L’Occitane’s Travel Retail Asia-Pacific division has launched its first sustainability concept store at Sanya International Duty-Free Shopping Complex in Haitang Bay.
AmorePacific Q2: profit shifts to loss as sales fall 19.6 percent
AmorePacific Group has reported its results for the second quarter of fiscal 2022. The K-beauty behemoth saw its Q2 2021 net profit of KRW59.2 billion wiped out for a net loss of KRW37.2 billion in Q2 2022 (-37.2 percent).
Kaya raises US$2.6 million in seed round
Beauty e-commerce platform, Kaya has raised some US$2.6 million in a seed round led by Revival Lab, according to a report published by Arab News.
Evonik offloads US betaine business
Evonik has announced the divestiture of its US betaine business, signing an agreement to sell the unit to Kensing for an undisclosed sum.
Procter & Gamble Q4 2022: Sales up 3 percent; EPS rises 7 percent
Procter & Gamble has published its results for the final quarter and full year of fiscal 2022. The US FMCG giant saw net sales rise 3 percent in the final quarter, giving rise to a 5 percent increase in net sales over fiscal 2022.
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