Revlon Q3 2020: Sales tumble 20.1 percent
Revlon has announced its results for the third quarter of the current financial year. The US beauty giant saw sales plummet 20.1 percent yoy to US$477.1 million in the three months to September 30, 2020 versus US$596.8 million in the prior-year period.
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Coty: we expect Wella sale to complete by the end of the month
Coty has announced the anticipated completion of the sale of its Wella unit to KKR by November 30, 2020, according to a report published by Yahoo! Finance.
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L’Oréal teams up with Facebook to offer free workshops to entrepreneurs in Mexico
L’Oréal has teamed up with Facebook to offer entrepreneurs in Mexico free workshops in order to bolster the digital reach of their businesses, according to a report by Stamford Advocate.
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Revlon owner Ronald Perelman sells assets to aid cash flow
Revlon owner Ronald Perelman has sold a series of artworks worth some US$350 million in total, according to a report published by The Value.
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Henkel relaunches brands with sustainable packaging focus
Henkel has announced the re-launch of major retail brands Nature Box, Gliss Kur and Syoss, adding enhanced sustainability features in the packaging.
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L’Occitane Q2 2021: sales decline slows as lockdowns lifted
L’Occitane has reported its results for the second quarter of FY2021 (three months ended September 30, 2020). The natural beauty group’s sales momentum improved significantly in the second quarter, with the sales decline narrowing to 4.5 percent, compared to the 22.2 percent drop reported in the first quarter of the financial year (three months ended June 30, 2020).
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ELC and Aveda to pilot blockchain tech to track vanilla
The Estee Lauder Companies-owned Aveda has partnered with LMR Naturals by IFF, Biovanilla, BSR and Wholechain to launch a pilot program to leverage blockchain technology in its Madagascan vanilla supply chain.
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L’Oréal celebrates return to growth as sales up 1.6 percent in Q3
L’Oréal has announced its return to growth as it unveiled its results for the third quarter of fiscal 2020. While sales dropped 7.4 percent like-for-like over the year to September 30, the French beauty giant is celebrating a small but significant growth (+1.6 percent like-for-like) in the latest three-month period.
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KKR names Annie Young-Scrivner as Wella Company CEO
KKR has named Annie Young-Scrivner as Chief Executive Officer of Wella Company, effective upon the close of the previously announced transaction by which KKR will acquire a 60 percent stake in the firm from current owner Coty.
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Sally Beauty to acquire La Maison Ami-Co
Sally Beauty has announced the acquisition of Canadian professional beauty product distributor, La Maison Ami-Co via its subsidiary BSG.
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L’Oréal Paris Professional cuts ribbon on first flagship Shanghai salon
L’Oréal Paris Professional celebrated the launch of its first flagship hair salon in China last week, according to a report published by Shine. The French beauty brand chose Shanghai to make its debut.
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TRESemmé launches scholarship program to support aspiring Black female hair stylists
Hair care brand TRESemmé has launched a new scholarship program that aims to support Black female hair stylists, dedicating $100,000 to the first TRESemmé Future Stylists Fund, according to a report by WWD.com.
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Henkel signals intent with new gender-free grooming range, STMNT
Henkel North America’s Beauty Care Professional unit has announced the launch of a new unisex grooming brand, named STMNT.
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Sally Beauty launches first rewards-focussed credit card program
Sally Beauty has launched its first rewards-driven credit card, which is said to give consumers more ways to unlock rewards.
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L’Oréal Paris launches at-home hair color service, Haircolor Concierge
Following unprecedented demand for hair colorants during COVID-19 quarantine, L’Oréal Paris has announced the launch of its new Haircolor Concierge service.
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Sally Beauty Supply and CosmoProf kick off second Cultivate accelerator
Sally Beauty Supply and CosmoProf have announced the launch of the second Cultivate accelerator program.
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NYX Professional Makeup exits Hong Kong as part of ‘business strategy readjustment’
L’Oréal-owned NYX Professional Makeup has announced its impending departure from Hong Kong and Macau, a move which is said to be part of a ‘business strategy readjustment.’
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L’Oréal Paris brings Kalki Koechlin on board for hair color campaign
L’Oréal Paris has drafted in actor Kalki Koechlin for its latest hair color campaign, according to a report published by Exchange4Media.
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Henkel 1H2020: Shuttered salons sent sales down 6 percent
Henkel recorded sales of €9,485 million In the first half of 2020, some 6 percent below 2019 levels. Operating profit also plummeted 27.5 percent, hitting €1,191 million with an EBIT margin of 12.6 percent, some 370 basis points below the prior-year period.
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Elemis debuts no-touch facial
Elemis has ushered in a new low-contact treatment experience that it is planning to debut at its Mayfair salon, government restrictions allowing, this month.
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Lashify launches IP lawsuit against Kiss Nail Products
Lashify is suing Kiss Nail Products for infringing on two of its patents, according to a report published by WWD.
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Sally Beauty Holdings reports Q3 net sales decline; online sales soar 278 percent
Sally Beauty Holdings has reported a Q3 net sales decline of 27.7 percent to $705.3 million, driven by retail closures at almost all of its global operations due to the pandemic.
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Masked beauty: Mask wearing spurs on matching manicure trend
Matching your mask to your manicure is ‘peak 2020’, Refinery 29 is claiming. Indeed, the digital lifestyle publication has rounded up a series of mask-mani combinations it’s spotted on social channels.
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Caudalie opens first flagship spa in Toronto
French skincare brand Caudalie has announced the opening of its first flagship spa in Toronto, Canada.
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Mindbody names new CEO as Co-Founder transitions to Executive Chair
As Mindbody Co-founder Rick Stollmeyer transitions from CEO to Executive Chair, the wellness industry’s cloud-based business management solution has named current Mindbody President Josh McCarter CEO, effective August 1, 2020.
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