Natura &Co Q1 2022: revenue dips 4.6 percent as inflation bites
Natura &Co has reported its results for the first quarter of fiscal 2022. The Brazilian owner of Aesop and The Body Shop saw revenue drop 4.6 percent in constant currency top R$8.3 billion.
Is Good Glamm poised to buy Raymond Group’s consumer care business?
Good Glamm is said to be poised to strike a deal for Raymond Group’s consumer care unit, according to a report published by Silicon India, quoting anonymous sources familiar with the matter, the Indian e-commerce giant is in ‘advanced talks’ to acquire the owner of Park Avenue and KamaSutra.
Gucci to accept cryptocurrencies in select US stores
Gucci is gearing up to accept payments in cryptocurrencies in US stores, according to a report published by Bloomberg. The Kering-owned brand’s New York, Los Angeles, Miami, Atlanta and Las Vegas stores will adopt digital tokens from the end of the month.
Russia publishes list of ‘parallel imports’
With several western brands eschewing the Russian market in the wake of the country’s invasion of Ukraine, the government has been seeking out a workaround to shield shoppers from its increasing isolation, according to a report published by Reuters.
Too Faced Founders cut ties with brand
The Estee Lauder Companies has announced that the Co-founders of Too Faced Cosmetics, Jerrod Blandino and Jeremy Johnson, have departed the brand. The make-up marque will therefore be headed up by Tara Simon, who has been promoted to the role of Global President, Too Faced, effective July 1, 2022.
Wella acquires ethical hair care brand, Briogeo
Wella Company has announced that it has reached a definitive agreement to acquire Briogeo. Terms of the deal have not been disclosed.
Dr Barbara Sturm eyes Gen Z market with launch of microbiotic range
Dr Barbara Sturm is set to launch a skin care range designed to hook shoppers aged 12 to 25 years with microbiotic formulas to prevent hormonal break outs, according to a report published by Vogue Business.
Nivea and Sun Bum sunscreens recalled over benzene concerns
A recall has been issued in New Zealand for products from two sunscreen brands: Nivea and Sun Bum, according to a report published by the New Zealand Herald.
Henkel Q1 2022: group sales up 7.1 percent despite beauty’s lackluster performance
Henkel has reported its results for the first quarter of fiscal 2022. The German manufacturer of Schwarzkopf saw group sales rise a respectable 7.1 percent to €5.3 billion versus the same three-month period a year ago.
TRESemme x SimpleeBEAUTIFUL launch textured hair certification program
Unilever-owned TRESemme has teamed up with textured hair expert and educator Diane Da Costa of SimpleeBEAUTIFUL CurlyTextured Academy to launch a Texture Certification Program to train and certify licensed hair professionals in treating, cutting, and styling textured hair.
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