LVMH CEO ups stake in Lagardere
The Chairman and CEO of LVMH, Bernard Arnault has upped his stake in French publishing company Lagardere to 15.01 percent, via his Group Arnault firm, according to a report published by WWD.
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LVMH Q3: cosmetics slump continues as group sales drop 7 percent
LVMH says it has seen a significant improvement in trends in the third quarter of 2020 however, the owner of Louis Vuitton and Givenchy still experienced a 7 percent drop in revenue in Q3 versus the same period in 2019.
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COVID-19 could wipe US$35 billion brand value from top brands but cosmetics unscathed
The GVC could wipe brand value equivalent to US$35 billion from the world’s 50 top luxury and premium brands, according to a report released by Brand Finance.
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Givaudan cuts the ribbon on Changzhou fragrance production facility
Givaudan has opened its newest state-of-the-art fragrance production facility in Changzhou, China. The fragrance and flavor supplier said that China remains a key growth market for innovative and consumer-preferred fragranced products.
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Hudson’s Bay names first Vice President for Diversity and Inclusion
Hudson’s Bay has announced the landmark appointment of its first Diversity and Inclusion executive, effective November 23, according to a report published by WWD.
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Henkel endorses UN treaty on plastic pollution
Henkel has joined 28 global businesses to endorse a business manifesto calling on governments to negotiate and agree on a United Nations (UN) treaty on plastic pollution.
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Loop Industries shares fall as short-seller report disregards technology claims as ‘fiction’
Recycling company Loop Industries has seen shares fall 33 percent on Tuesday this week following a report by short-seller Hindenberg Research that states Loop’s recycling technology capabilities are ‘fiction’.
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Croda enters partnership with Entekno Materials; will deliver range of mineral suncreens
Croda has entered into a partnership with Entekno Materials, with the speciality chemicals company having invested £1.5 million to become a minority shareholder in the Turkish company.
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MAC showcases new collaboration with Nadine Nassib Njeim
Nadine Nassib Njeim has showcased her new collection with cult beauty brand MAC, the Mosaic Masterpiece Collection.
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Japanese brand POLA opens flagship store in Hong Kong
Japanese beauty brand POLA has opened its flagship store at Harbour City in Hong Kong.
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Unilever shareholders vote to unify headquarters in the UK
Unilever shareholders have voted in an overwhelming majority in favor of unifying its headquarters in the UK, according to a report by Bloomberg.
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L’Oréal announces Nicolas Hieronimus as Jean-Paul Agon replacement
L’Oréal has announced the appointment of Nicholas Hieronimus as the new Chief Executive Officer, replacing outgoing chief Jean-Paul Agon.
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Shiseido achieves 3D visualization of facial capillaries; technology to aid advancement in skincare offering
Shiseido has achieved successful 3D visualization of facial capillaries of the whole face using technology that will be used to help develop more specific skincare and offer ‘great leaps in vascular research.’
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BASF to close Germany-based plant after chemical leak
German chemicals company BASF is set to close its Ludwigshafen-based imidazole plant after it discovered that a small amount of the material had leaked into nearby River Rhine, according to a report by Reuters.
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EXO boyband member Kai rumored to be first male muse for Bobbi Brown
K-pop boyband member Kai is said to have become the first male must for Estee Lauder Companies-owned beauty brand Bobbi Brown.
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Procter & Gamble not phased by US TikTok ban
Procter & Gamble remains committed to advertising on TikTok, despite the fact that the Chinese video sharing app is facing a ban in the US, the US FMCG giant told Reuters.
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Chanel and Tribeca take Through Her Lens filmmaker program online
Tribeca and Chanel have reaffirmed their commitment to creating new opportunities for women filmmakers, announcing a virtual gathering for the sixth annual Through Her Lens: The Tribeca Chanel Women’s Filmmaker Program.
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Cle de Peau Beaute announces 2020 honorees for second annual Power of Radiance Awards.
Shiseido-owned Cle de Peau Beaute is reaffirming its commitment to advocating for girls’ education through the 2020 edition of its Power of Radiance Awards.
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Kanebo’s Kate names anime character as face of new lipstick
Kanebo-owned Kate Tokyo has named popular anime character, Rei Ayanami as the face of its latest lipstick launch, according to a report published by Sora News 24.
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The Estee Lauder Companies appoints Andre Branch to SVP, GM, MAC North America
The Estee Lauder Companies has announced the appointment of Andre Branch to Senior Vice President, General Manager, MAC Cosmetics – North America, effective immediately.
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Don’t lockdown again: Henkel boss pleads with politicians to avoid second strict shutdown
In an interview with the Financial Times, Henkel Chief Executive Officer Carsten Knobel warned that few companies would be able to survive a second lockdown.
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BASF sees EBIT fall as it faces impairments of €2.8 billion
BASF is set to register a loss of some -€2,637 million in the third quarter of 2020 due to non-cash-effective impairments and provisions for restructuring, below analyst consensus and the figure for the prior-year quarter.
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Unilever to escape levy as Dutch lawyers warn exit tax won’t wash
The Netherlands’ Council of State has advised that an ‘Exit Tax’ bill proposed by the Dutch parliament would be ‘irresponsible’, according to a report published by Reuters.
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Luxury brands take to social selling to Thai shoppers via Japan’s Line app
A series of luxury brands, including Chanel and Louis Vuitton, have opened accounts on the Thai incantation of social messaging app Line, according to a report published by Reuters.
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Natura &Co raises R$5.61 billion in equity sale
Natura &Co has sold some 121.4 million voting shares, priced at R$46.25 each, according to a report published by Bloomberg, quoting a filing.
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