Unilever teams up with AXA and Tikehau Capital to create new impact fund
Unilever has announced that it has signed a memorandum of understanding with AXA and Tikehau Capital outlining their shared ambition to create an impact fund dedicated to accelerating and scaling the regenerative agriculture transition.
Carlyle to buy HCP for US$1 billion?
Carlyle Group is rumored to be poised to takeover Chinese packaging firm HCP this summer, according to a report published by Bloomberg quoting ‘sources familiar with the matter’.
Google unveils AI tool to address color bias
Google has launched a palette of 10 skin tones that it says will help facial recognition software providers to better represent people with darker skin tones, according to a report published by Reuters.
AmorePacific reopens Shanghai plant after restrictions relaxed
AmorePacific has reopened its Shanghai production center after the city lifted its month-long standstill order, according to a report published by Pulse News.
L’Oréal shakes up Americas leadership
L’Oréal has announced a series of leadership appointments for its Americas division. The French beauty giant named Susannah Greenberg, Chief Information Officer for the Americas; Nathalie Gerschtein as President of Consumer Products Division for North America Zone; and Leslie Marino as President of Professional Products Division for the US.
Rihanna launches Fenty Beauty and Fenty Skin into Africa
Singer and Actress Rihanna is set to launch her Fenty Beauty and Fenty Skin lines into the African market at the end of this month.
Target updates on commitment to spend US$2 billion with Black-owned businesses; announces new Media Fund initiative
Target has shared an update on the progress it has made toward its Racial Equity Action and Change (REACH) commitment to invest more than US$2 billion with Black-owned businesses by the end of 2025.
Procter & Gamble announces new DEI commitments and shares actions to strengthen equality & inclusion across Asia Pacific, the Middle East and Africa
Procter & Gamble (P&G) has announced new commitments aimed toward advancing Equality & Inclusion across Asia Pacific, the Middle East, and Africa, at its fourth annual #WeSeeEqual summit for the region.
Who What Wear digital fashion brand acquired by Future Publishing
Women’s fashion and lifestyle brand Who What Wear has been acquired by digital brand company Future Publishing.
Sally Beauty reports Q2 net sales decrease of 1.6 percent YOY
Sally Beauty has reported a Q2 net sales decrease of 1.6 percent YOY to US $911 million.
Coty reports 15 percent sales rise for Q3 FY22
Coty has reported a 15 percent sales rise for the third quarter in FY22, to US$1.8 billion on a reported basis.
L’Oréal Professional names Chinese Actor Xiao Zhan as its latest brand spokesperson
L’Oréal Professional has named Chinese Actor Xiao Zhan as its latest brand spokesperson.
The Body Shop establishes a Youth Collective to advise its Executive Leadership team
The Body Shop has established a Youth Collective, which comprises 12 young people who will advise the company’s executive leadership team.
The Estée Lauder Companies expands global renewable energy portfolio with first-ever Canadian solar array
The Estée Lauder Companies (ELC) has expanded its global renewable energy portfolio by recently completing an on-site solar array installation at its new fill and assembly manufacturing facility, Hillmount, in Markham, Ontario.
Walgreens announces changes to the Retail Products and Customer leadership team
Walgreens has announced personnel changes to its Retail Products and Customer leadership team, with Linh Peters named as Senior Vice President and Chief Marketing Officer; Luke Rauch, Senior Vice President and Chief Merchandising Officer; and Bala Visalatha, Senior Vice President and Chief Product Officer.
Colgate partners with Walmart to raise awareness of first recyclable toothpaste tubes
Colgate-Palmolive is dispatching its fleet of Bright Smiles, Bright Futures mobile dental vans to select Walmart stores to spread the news of its new recyclable toothpaste tubes.
Target announces leadership team shuffle
Target has announced a series of updates to its leadership, creating a new role for the company. Chief Guest Experience Officer as well as a series of changes to key positions such as EVP Chief Information Officer and General Counsel.
China extends deadline for cosmetics regulations data submissions as lockdowns persist
China has extended the deadline by which cosmetics manufacturers are required to submit data under its Cosmetics Supervision and Administration Regulation, according to a report published by Chemical Watch.
P&G faces further class action lawsuit over benzene in aerosols
Procter & Gamble is set to face yet another class action lawsuit over the discovery of benzene in a series of aerosol-based products, according to a report published by Classaction.org.
CVS Q1 2022: Revenue up 11.2 percent to US$76.8 billion
CVS Health has announced its operating results for the three months ended March 31, 2022. The US drugstore giant saw revenues rise 11.2 percent to US$76.83 million.
Natura &Co Q1 2022: revenue dips 4.6 percent as inflation bites
Natura &Co has reported its results for the first quarter of fiscal 2022. The Brazilian owner of Aesop and The Body Shop saw revenue drop 4.6 percent in constant currency top R$8.3 billion.
Is Good Glamm poised to buy Raymond Group’s consumer care business?
Good Glamm is said to be poised to strike a deal for Raymond Group’s consumer care unit, according to a report published by Silicon India, quoting anonymous sources familiar with the matter, the Indian e-commerce giant is in ‘advanced talks’ to acquire the owner of Park Avenue and KamaSutra.
Gucci to accept cryptocurrencies in select US stores
Gucci is gearing up to accept payments in cryptocurrencies in US stores, according to a report published by Bloomberg. The Kering-owned brand’s New York, Los Angeles, Miami, Atlanta and Las Vegas stores will adopt digital tokens from the end of the month.
Russia publishes list of ‘parallel imports’
With several western brands eschewing the Russian market in the wake of the country’s invasion of Ukraine, the government has been seeking out a workaround to shield shoppers from its increasing isolation, according to a report published by Reuters.
Too Faced Founders cut ties with brand
The Estee Lauder Companies has announced that the Co-founders of Too Faced Cosmetics, Jerrod Blandino and Jeremy Johnson, have departed the brand. The make-up marque will therefore be headed up by Tara Simon, who has been promoted to the role of Global President, Too Faced, effective July 1, 2022.
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