SheaMoisture UK announces £40,000 fund to help minority-owned salons during COVID-19
SheaMoisture UK has announced a £40,000 fund to help support minority-owned salons survive the coronavirus pandemic.
DIY Dream: demand for at-home treatments soars under lockdown says Shoprite
South Africa’s Shoprite has seen a surge in demand for DIY beauty treatments, according to a report published by Reuters.
Henkel escapes COVID-19 outbreak largely unscathed as sales dip a modest 0.8 percent
Henkel has been spared the nose-diving sales experienced by other cosmetics manufacturers over the first quarter of fiscal 2020. The German producer of Schwarzkopf reported a modest 0.8 percent drop in group sales over the first three months of the year to €4.9 billion.
Revlon Q1 2020: COVID-19 sends sales crashing
Revlon has reported its results for the first quarter of the current financial year. The US cosmetics firm saw sales dive 18.1 percent to US$453 million in the three months to March 31, 2020 compared to the prior year period.
KKR snaps up Coty’s Professional Beauty arm
Coty has announced a strategic partnership with KKR, which will see the global investment firm invest US$750 million through the purchase of convertible preferred shares in Coty. In addition, the duo signed a memorandum of understanding under which, KKR will acquire a majority stake in Coty’s Professional Beauty and Retail Hair Businesses at a contemplated enterprise value of US$4.3 billion.
Sally Beauty Q2 2020: sales down 7.1 percent, hit by COVID-19 closures
Sally Beauty has announced its financial results for the second quarter of the financial year, ended March 31, 2020.
L’Occitane Q4 2020: sales down a modest 1.6 percent to €338 million in 3 months to March 31
L’Occitane has announced an unaudited quarterly update for the period ended March 31, 2020. The group revealed that sales over the full year climbed 15.2 percent (reported; 12.8 percent constant), despite a lull in the last quarter.
Henkel Beauty Care Professional to debut digital hair festival
Henkel Beauty Care Professional is gearing up to debut a digital event that it’s describing as the first 24hr global online hair festival tomorrow.
Coty professional beauty sale hits snag; KKR and Henkel hold off on bids to assess COVID-19 impact on salon brands
Henkel and U.S. buyout fund KKR are said to be holding off on bids for Coty’s Professional Beauty division as they look to assess the damage caused by the coronavirus pandemic on brands such as Wella, Clairol, GHD and OPI, according to a report by Reuters.
L’Oréal implements program to support French salons ahead of easing lockdown rules
L’Oréal has announced further support to French salons ahead of their alleged reopening on 11th May as lockdown measures start to ease in the country.
Cosmoprof cancels 2020 show; launches digital format WeCosmoprof
Organisers of Cosmoprof Worldwide Bologna have announced the cancellation of the 2020 show, instead launching a digital edition to try and maintain relationships within the beauty industry.
Coty Professional sets up fund to help hairdressers
Coty’s Professional Beauty division has set up a fund of some US$200,000 to help beauty businesses affected by the COVID-19 crisis, according to a report published by Allure.
Coty: will drones be the key to tie up professional beauty sale?
Coty is thought to be looking to use drones to help complete the divestiture of its professional beauty division, according to a report by Bloomberg.
Victoria Beckham lodges appeal in Australian skincare trademark battle
Victoria Beckham has lodged an appeal in the Australian Federal Circuit Court after losing an initial trademark battle with Australian skincare brand Skinlab over the use of the initials ‘VB’ for marketing purposes.
L’Oréal predicts boom for hair salons post-lockdown
L’Oréal has predicted a boom for the professional hair care market following the lifting of lockdown measures, as the company reported a 4.8 percent YOY fall for Q1 sales, according to a report by Reuters.
Portugal green lights hairdressers as lockdown gradually lifts
Portugal has announced that it will allow small stores, beauty salons and hairdressers to reopen as early as next month as part of a ‘gradual, progressive return to normality’ after the country imposed strict quarantine measures in mid March, according to a report published by Bloomberg.
Revlon enters into refinancing agreement
As part of its recently announced transformation plan, Revlon has reached a refinancing agreement with Jefferies Finance.
Online hair dye sales soar in UK as coronavirus lockdown continues
Online sales of at-home hair dye kits have soared in the UK as coronavirus lockdown continues, according to a report by the Times.
The salon survival story – how hairdressers must weather the storm to enjoy the revival
The list of businesses being crippled by the coronavirus is seemingly endless. You just have to look at the furlough stats to know that – more than 9 million are expected to take up the government’s job retention scheme in the UK, according to the British Chambers of...
Space NK to offer digital consultations as make-up queries soar
Space NK is set to offer remote make-up advice via a new digital platform named #TogetherAtHome, according to a report published by WWD.
L’Oréal USA extends COVID-19 crisis package with new community commitments
L’Oréal USA has announced an extension to its recently announced L’Oréal USA Gives Back initiative, with the launch of new community commitments in partnership with the Professional Beauty Association (PBA).
Schwarzkopf Professional launches initiative to support professional hair care industry
Schwarzkopf Professional has launched the new HelpYourSalon.com Hairdresser Support Initiative, which aims to ‘inspire’ and ‘sustain’ the global hairdressing community.
Google announces $800 million coronavirus donation package
Google has announced a $800 million donation package that will help a range of charities and support initiatives that aim to lessen the impact of the COVID-19 pandemic.
L’Oréal postpones AGM and predicts a 5 percent fall in sales for Q1
L’Oréal has announced that it will postpone its Annual General Meeting, initially scheduled for the April 21, to June 30, 2020. The French beauty giant attributed the change to ‘exceptional circumstances linked to the COVID-19 epidemic’ and suspended its 2020 guidance.
Elizabeth Arden Red Door spa folds after COVID-19 closure
Mynd Spa & Salon has filed for bankruptcy after the COVID-19 crisis forced the closure of several of its branches, according to a report published by WWD.
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