P&G’s Old Spice opens first barbershop; doubles as content studio
Procter & Gamble-owned Old Spice has opened its first barbershop and retail location in Ohio, U.S., with the space also acting as a content studio.
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Kao merges Kanebo and Sofina to strengthen brand communications
Kao has announced that it is creating a new beauty consulting business via the merger of its Kanebo and Sofina Beauty Consulting Companies. Kao Beauty Brands Counseling Co, as the new company will be known, will offer professional counselling conducted by beauty consultants.
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L’Oréal USA unveils inclusive beauty fund
L’Oréal USA has partnered with NAACP to present a new grant program, named the Inclusive Beauty Fund. The US branch of the French beauty giant will award 30 one-time grants of US$10,000 to Black-owned small businesses, entrepreneurs and professional services across the US beauty industry.
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Booksy raises US$70 million in Series C funding round
Beauty and wellness appointment booking app Booksy has raised US$70 million in a Series C funding round, according to a report published by Tech Crunch.
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Lose: Lose – Federal judge rejects Olaplex and L’Oréal patent appeal
The US Court of Appeals for the Federal Circuit has rejected an appeal against a decision in the ongoing battle between Olaplex and L’Oréal, which was challenged by both parties, according to a report published by the World Intellectual Property Review.
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Dermalogica offers online course to strengthen ‘human connection’
Dermalogica has launched a new online course aimed at skincare professionals, named Meaningful Connections, which looks to strengthen Emotional Intelligence (EI), according to American Salon.
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L’Occitane launches first spa at sea on World Navigator cruise ship
L’Occitane is set to feature its first SeaSpa by L’Occitane on Ocean Voyages’ new expedition cruise ship World Navigator upon its launch in July 2021.
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L’Oréal targets both salon and at-home hair care markets with new Water Saver beauty tech
L’Oréal has unveiled its new L’Oréal Water Saver sustainable hair care system at CES 2021, which is targeted at both the salon and at-home haircare markets.
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Pat McGrath becomes first make-up artist to receive a damehood
Make-up artist Pat McGrath has become the first of her profession to receive a damehood, according to a report published by Vogue.
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L’Oréal Caribe to pilot salon recycling scheme in Puerto Rico
L’Oréal Caribe is set to pilot a recycling scheme that will enable beauty salons in Puerto Rico to dispose of plastic responsibly, according to a report published by News is my Business.
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Coty names Laurent Mercier Chief Financial Officer
Coty has promoted Laurent Mercier to Chief Financial Officer, effective February 15, 2021. The Deputy CFO will take over from Pierre-Andre Terisse from February next year, with the latter assisting in the transition until February 2021 when he will serve as a Coty-designated member of the Board of Wella.
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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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