Aurelius Group rumored to be in the running to buy The Body Shop
Aurelius Group has been named as the latest suitor for Natura &Co’s The Body Shop. The Brazilian beauty behemoth is said to be working with Morgan Stanley on a potential sale and could reach a provisional agreement with one of the interested parties by the end of the month.
L’Oreal cuts ribbon on UK HQ
L’Oreal has cut the ribbon on its new, purpose-built UK headquarters in London’s White City. The French beauty giant has moved al 1000+ head office employees into the new space.
MAV Beauty Brands adds Beattie to its Board
MAV Beauty Brands has announced that Scott Beattie has joined its Board of Directors as an Independent Director, effective immediately. Following his appointment, Jeffrey Barber and Kathy Mayor have resigned from the Board.
Kao to sell a third of beauty portfolio as profits continue to fall
Kao is mulling the sale of several non-core cosmetics brands in a bid to return to profit. The Japanese owner of Molton Brown is forecasting a further drop in net profit for 2023.
Is Dr Barbara Sturm’s eponymous brand up for sale?
Just months after an investment from Oprah Winfrey, Dr Barbara Sturm’s eponymous skin care brand is said to be up for sale.
LVMH CEO Investigated for Money Laundering
French prosecutors are currently investigating a transaction between Bernard Arnault, the CEO of LVMH, and a Russian businessman over suspicions of possible money laundering.
Executive Pay Cut at Estée Lauder in 2023
Estée Lauder has unveiled the executive pay for 2023, revealing a significant cut.
John Lewis Partnership Chairman Initiates Successor Search
Sharon White, Chairman of the John Lewis Partnership, has informed the Partnership Board that it is time to begin searching for her successor as her term nears its end.
Walmart Alters Corporate Staff Compensation
Walmart is changing titles and pay for many of its corporate employees.
P&G India Announces New Fund
Procter & Gamble India (P&G India) is setting up a ‘P&G Supply Chain Catalyst Fund’ worth 300 crore.
Estée Lauder Announces New Paris Atelier to Boost Fragrance Innovation
The Estée Lauder Companies (ELC) is opening an Atelier in Paris following a 40% increase in fragrance sales since 2019.
Fenty Beauty to Launch at Ulta Beauty at Target
Fenty Beauty is set to launch at Ulta Beauty within Target stores on October 1, 2023, offering a selected range of products from Rihanna’s beauty brand.
Shinsegae Secures Exclusive Deal with Dolce & Gabbana Beauty in South Korea
Shinsegae International has entered into an exclusive deal with Dolce & Gabbana to distribute its beauty products in South Korea.
Tesco Trials Sensitive Skin Section
Tesco has started a new sensitive skin section trial in some of its stores. This section is intended to make it easier for customers to find products suitable for sensitive skin.
Maybelline New York Enters Roblox: A New Realm for Makeup Enthusiasts
Maybelline New York has joined forces with the game Splash on Roblox, aiming to attract a new group of makeup enthusiasts within the platform’s music community.
Coty to list on Paris stock exchange
Coty has announced the launch of a global offering of 33 million shares of Class A common stock and that it has applied for the listing and trading of its Class A Common Stock on the professional segment of Euronext Paris.
Did Kylie Jenner just tease her next launch?
Kylie Jenner has set the internet alight with her Dolce & Gabbana TikTok diary, which appears to show her using an eyeliner that isn’t from her own make-up collection. So far, so controversial.
MAC names Danna Paola as Global Brand Ambassador
MAC has named Danna Paola as its latest Global Brand Ambassador. The Estee Lauder Companies-owned brand said that the pop star’s make-up style reflected its brand values.
LG H&H snaps up K-beauty’s Hince
LG H&H has announced that it has agreed to acquire Vivawave for KRW42.5 billion. Vivawave’s make-up brand Hince is a millennial favourite, particularly popular in Japan.
Elf Beauty to restock as Jennifer Coolidge collab sells out
Elf Beauty has announced a restock after a limited edition collab with White Lotus star Jennifer Coolidge sold out in hours. The Dirty Pillows Lip Kit made its debut on the Elf US site on Wednesday but was sold out a day later.
US FTC files major antitrust lawsuit against Amazon
The US Federal Trade Commission, together with 17 states is taking Amazon to task over its alleged use of anti-competitive practices. Amazon has denied all allegations.
Sale of THG headquarters falls through
The sale of Icon Business Park, home to THG’s headquarters, to ICG Real Estate has fallen through. Owner, THG Co-founder Matthew Moulding, had agreed to sell the property for £200 million in a sale/leaseback deal.
PZ Cussons announces preliminary results for FY23; LFL sales up 6.1 percent
PZ Cussons has announced its preliminary results for FY2023. The manufacturer of St Tropez said that it has delivered its third year of like-for-like revenue growth and made continued strategic progress, despite a challenging external backdrop.
CDFI launches shopper reward program
China Duty Free International has teamed up with UnionPay International to launch a shopper reward program. The All-in-One Shopping Rewards scheme is a cross-border promotion available in Hong Kong, Macau and Cambodian stores.
Target cuts its losses; closes nine stores over skyrocketing shrink
Target has announced that it will close nine of its stores in four states to curtail losses from persistent theft and organized retail crime. Staff will be offered transfers to other locations.
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