Natura &Co reports slight Q3 decline; strong growth in first nine months
Aesop and The Body Shop parent company Natura has reported a slight sales decline in Q3, with consolidated net revenue in at R$9.5 billion, down 4.2 percent in BRL and 4.5 percent at constant currency.
Louis Vuitton said to be eyeing strategy shift; considering travel retail presence in China
Louis Vuitton is said to be looking to open its first duty free store in the luxury island hub of Hainan, according to a report by Reuters.
Waldencast acquires beauty brands Obagi and Milk Makeup in three-way US$1.2 billion deal
Beauty and wellness operating platform Waldencast has acquired skin care brand Obagi and make-up and skin care company Milk Makeup in a three-way deal valued at US$1.2 billion.
Johnson & Johnson CEO Alex Gorsky joins Apple’s board of directors
Alex Gorsky, CEO of Johnson & Johnson, has joined the Apple board of directors, which comes ahead of his plan to leave J&J in January 2022.
UK supermarket Morrisons invests in leading soft plastic recycling site
UK supermarket Morrisons has acquired a significant stake in a new recycling site in Fife, which will reprocess ‘hard-to-recycle’ soft plastics.
Johnson & Johnson to separate consumer business
Johnson & Johnson has announced a plan to spin off its consumer health business, creating a new publicly traded company.
Kiko Milano CEO quits for role at Illy
The CEO of Kiko Milano, Cristina Scocchia has resigned to take up a Chief Executive role at Illy, according to a report published by WWD. Her departure is effective December 31, 2021.
Melvin Capital ups stake in Coty as KKR retreats
Melvin Capital Management has upped its stake in Coty two-fold, bringing its total share to 5 percent, according to a report published by Bloomberg. The move follows on from KKR’s sale of roughly 20 million shares in Coty, although is said to be unrelated.
AmorePacific named CES 2022 Innovation Award Honoree
AmorePacific has been named CES Innovation Award Honoree for the third consecutive year thanks to its bespoke beauty innovations, the Bathbot and Myskin Recovery Platform.
Procter & Gamble to acquire Farmacy
Procter & Gamble has struck a deal to purchase Indie skin care brand Farmacy Beauty, according to a report published by WWD.
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