The Hut Group to spin off beauty business next year
The Hut Group has announced plans to separate its THG Beauty division and list it on a public share trading exchange in 2022.
Buy less to end supply crisis, says Maersk executive
The CEO of Maersk-owned APM Terminals has warned that elevated consumer demand is exacerbating the supply chain crisis, according to a report published by the Financial Times.
Is kratom the new CBD? Thailand sees sales boom after legalisation
Could the beauty and wellness industry be about to unveil 2021’s answer to CBD? Thailand has seen domestic sales of opioid alternative, kratom boom after the drug was legalized in late August, according to a report published by Bloomberg. The country is now poised to green-light exports to the US, the world’s largest market.
Avon revamps digital sales model as clicks replace calls
As part of its 135th anniversary celebrations, Avon has unveiled a series of new features for its Avon On platform as well as a new compensation model for Representatives, dubbed Avon Rewards and a beefed up CSR fund of US$1.35 million for women’s causes around the world.
L’Occitane unveils social selling platform
L’Occitane has announced the launch of its social selling platform, MyL’Occitane. The company said that its goal is to empower its eco-conscious community by providing them with the opportunity to start their own entrepreneurial journey.
Procter & Gamble aims for net zero by 2040
Procter & Gamble has announced a comprehensive plan to accelerate its fight against climate change and set a new ambition to achieve net zero greenhouse gas emissions across its operations and supply chain, from raw material to retailer, by 2040.
Could do better: beauty left behind in Refinitiv’s Diversity and Inclusion ranking
Refinitiv has released its annual ranking of firms’ performance in Diversity & Inclusion. The industry with the highest D&I score is software and IT services; Kering, South Africa’s Woolworths and GlaxoSmithKline were the only beauty-related companies to secure a top 25 spot, ranked 9th, 12th and 21st respectively.
China declares war on plastics; microbeads to be banned and retailers encouraged to reduce plastic packaging
China has unveiled a five-year plan aimed at promoting more eco-friendly plastics, reducing the amount of plastic used in packaging and upping its recycling and incineration capabilities, according to a report published by Reuters.
Merit raises US$20 million in Series A funding round
Minimalist beauty brand Merit has announced a US$20 million Series A funding round led by L Catterton. Macy Venture Partners and Sonoma Brands also participated in the round.
PZ Cussons’ Camel brand launches CSR campaign
PZ Cussons-owned antiseptic brand, Camel, has launched the second tranche of its current CSR program, Because We Care, according to a report published by Peace FM.
L’Occitane appoints André J. Hoffmann as new CEO
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Men’s health brand Numan raises US$40 million in Series B funding round
Men’s health brand Numan has raised $40 million in a Series B funding round, led by White Star Capital.
Beiersdorf increases production network with new plant for Central Europe; lays cornerstone
Beiersdorf is set to expand its production network, with the personal care giant having laid the cornerstone for a new plant in Leipzig, Germany.
Head & Shoulders Philippines launches refill pouches; made with 50 percent less plastic than bottles
Procter & Gamble-owned Head & Shoulders Philippines has launched new refill pouches for its Cool Menthol and Smooth & Silky variants.
Resonate Blends to acquire Lemon and Grass cannabis brand
Resonate Blends, a cannabis and hemp holding company, has signed a letter of intent to acquire Florida-based cannabis wellness brand Lemon and Grass.
Sephora looks to Mexican expansion
Sephora is set to allocate an investment of more than 150 million pesos (US$7.5 million) to open five news stores in Mexico by 2022.
Function of Beauty appoints Alexandra Papazian as CEO
Customizable beauty, skin and hair care brand Function of Beauty has announced the appointment of Alexandra Papazian as CEO.
Clarins expands live video shopping via long-term agreement with Bambuser
Clarins has entered into a new long-term agreement with Stockholm-based software company Bambuser to expand its live video shopping concept to its subsidiaries worldwide.
Fair Trade Commission fines LG Household & Healthcare over store cheating
The Fair Trade Commission (FTC) has fined LG Household & Healthcare 307 million won (US$262,400) over allegedly failing to keep commitments at discount events held at franchise branches of The Face Shop, according to a report by Korea JoongAng Daily.
British supermarket Tesco launches in-store refillable trial
British supermarket Tesco has launched an in-store trial that will allow consumers to purchase beauty, household and food and drink products in reusable packaging as part of its strategy to cut down on single use plastic waste.
MAC names Saweetie Global Ambassador
The Estee Lauder Companies-owned MAC has named Saweetie as its new global ambassador.
3M to close Swansea factory; 89 jobs lost
3M has announced the closure of its manufacturing facility in Swansea, Wales, according to a report published by The Herald.
Nestle predicts price hikes as inflation rises
Nestle is expecting the cost of raw materials and labor to soar over the next 12 months, and expects to pass on any input cost inflation to consumers via price hikes, according to a report published by Fox Business.
Australian fashion brands pledge to support Afghan refugees
A consortium of Australian fashion brands is calling on the government to up its quota of Afghan refugees, according to a report published by The Guardian, promising to support incomers to find employment in the industry.
Amazon ups the ante in employee perks; offers to cover college tuition for 750,000 US workers
In the ongoing battle to recruit and retain staff, Amazon has played the ace card. The US e-commerce behemoth is offering to pay college tuition for front-line employees as part of a US$1.2 billion investment in education and skills training.
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