L’Oréal USA ushers in own impact labeling system
In the absence of a consensus on environmental impact labeling, L’Oréal USA is going it alone. The French beauty giant’s US arm has announced that it is following in the footsteps of its French counterpart and ushering in a ranking on product labels, which will score products on a scale from A to E based on their planetary impact.
Kenya’s Uncover Skincare raises US$1 million in seed round
Kenyan start-up, Uncover Skincare has raised US$1 million in a seed round, with FirstCheck Africa, Samata Capital, Future Africa and IgniteXL named as participants, according to a report published by Tech Crunch.
Kao announces leadership reshuffle
Kao has announced a series of changes to its leadership, effective January 1, 2023. The Japanese FMCG manufacturer is promoting Masakazu Negoro to Senior Managing Executive Officer, responsible for management finance and Toru Nishiguchi to Senior Managing Executive Officer, Vice President Consumer Products Global.
Wella FY22: profit and sales above expectations in second year as standalone firm
Wella Company is celebrating a second successful year as a standalone company. The hair styling giant surpassed targets, delivering year-on-year double-digit profit and growth ahead of expectations in fiscal 2022.
Procter & Gamble settles benzene class action for US$8 million
Procter & Gamble has settled a class action suit for US$8 million dollars, according to a report published by Top Class Actions. The US FMCG manufacturer stood charged with selling aerosol products contaminated with benzene.
Notpla wins The Earthshot Prize 2022
A London-based start-up, Notpla has been named a winner of the 2022 Earthshot Prize in the Build a Waste-Free World category. Notpla has developed an alternative to plastic made from seaweed and plants, which can be used to create a range of packaging materials.
AmorePacific signs VPPA with Bukchon Seomo Wind Power
AmorePacific has signed what it is claiming to be Korea’s first Virtual Power Purchase Agreement (VPPA) with Jeju-based Bukchon Seomo Wind Power.
Citigroup in talks over retrieval of mistaken Revlon payout
Citigroup is said to be in talks with a view to recouping the US$500 million it paid over to Revlon creditors in error in 2020, according to a report published by Reuters.
P&G shareholders revolt over deforestation progress
Holders of Procter & Gamble stock are calling on the US FMCG giant to name an independent chair, according to a report published by Investment Week.
L’Oréal USA names first Chief Transformation Officer for North America
L’Oréal USA has announced the appointment of COO Rahquel Purcell as the first Chief Transformation Officer for the French beauty giant’s North America region. Purcell will lead the newly formed North America Transformation Office.
Enter the Magentaverse: Pantone unveils Color of the Year 2023
Pantone has announced its Color of the Year 2023: Viba Magenta 18-1750. The shade is said to ‘vibrate with vim and vigor’, a shade rooted in nature and descended form the red family and expressive of a new signal of strength.
UK WILL get Sephora store; retailer names Managing Director for UK market
Sephora has appointed Sarah Boyd as Managing Director, UK, according to a report published by WWD. Boyd will take over from Sarah Miles, who is leaving the LVMH-owned specialty retailer to pursue an opportunity outside the company.
The Detox Market teams up with Faces to launch in the Middle East
The Detox Market has teamed up with Faces to launch in to the Middle East. The clean beauty marketplace will launch on the Faces website before expanding into bricks and mortar in the second half of next year, according to a report published by WWD.
Amway India relaunches Artistry as Artistry Skin Nutrition
Amway India has announced that it is rebranding its premium skin care line, Artistry, as Artistry Skin Nutrition, according to a report published by the Business Standard.
What recession? Ulta reports sales rise of 4.6 percent in Q3 2022
Ulta Beauty has announced its results for the third quarter of fiscal 2022. The US retailer saw comparable sales increase 14.6 percent in the 13 weeks to October 29, 2022 compared to the same period in 2021 and increased its outlook for fiscal 2022 accordingly.
Avon partners with Perfect Corp on personalised product recommendations and AR virtual try-on
Avon has partnered with Perfect Corp to launch a virtual try-on (VTO) online shopping experience in nine initial markets, including the UK.
Medical skincare clinic Sk:n Clinic renews partnership with Joint Council for Cosmetic Practitioners
UK-based medical skincare clinic group Sk:n Clinics has renewed its contract with the Joint Council for Cosmetic Practitioners, which they have partnered with since 2016.
Schwarzkopf launches new sustainable haircare range
Schwarzkopf has launched a new sustainable haircare range, promoting the range via a company by media company Connecting Plots.
Treatwell launches beauty and wellness booking system direct via Apple Maps
European online beauty and wellness booking company Treatwell has launched the ability for consumers to book appointments directly in Apple Maps.
L’Oréal India to focus on premium hair care over the next few years
L’Oréal India is said to be focusing on bringing premium hair care products to the Indian market, according to Omar Hajeri, President, L’Oréal Professional Products division, who spoke to the Mint.
Boohoo more than doubles stake in Revolution Beauty to become largest shareholder amidst accountancy probe
Boohoo has more than doubled its stake in Revolution Beauty to become the cosmetic brand’s largest shareholder.
Natura &Co works with Bank of America Corp and Morgan Stanley to sell stake in Aesop
Natura &Co is said to be working with the Bank of America Corp and Morgan Stanley in order to sell a stake in the Aesop brand, according to a report by Bloomberg.
L’Oréal issues apology over marketing promotion for new brand Shihyo; faces backlash from Chinese consumers
L’Oréal has issued an apology over the marketing promotions of its new brand Shihyo through third party JV Loshian, which called the 24 solar terms of the traditional lunar Chinese calendar as ‘Asian’ wisdom, according to a report by Global Times.
L’Oréal delves further into green sciences with minority stake buy-out of French biotech Microphyt
L’Oréal has announced a strategic partnership with French biotech Microphyt, which sees L’Oréal’s venture capital fund, BOLD (Business Opportunities for L’Oréal Development) acquire a minority stake in the firm.
LVMH hosts Show Me event in Paris to promote and preserve the Métiers d’Excellence
LVMH has hosted its Show Me event in Paris, which is said to highlight a year of concrete initiatives that ‘bring generations together to pass on, celebrate and preserve the Group’s exceptional Métiers d’Excellence.’
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