Natura beats market expectations as Q2 profit doubles
Brazilian direct sales giant Natura has announced a bolstered Q2 net profit, which more than doubled year on year, with the strong growth beating market expectations. The company reported revenue growth for all three brands, with quarterly net income growing by 109.4...
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Selena Gomez files trademark for new beauty range
Selena Gomez is set to launch a new beauty range having filed paperwork at the U.S. Patent and Trademark Office to create a line of ‘Selena Gomez’ products. The pop star will join the likes of musicians Lada Gaga and Rihanna in the cosmetics space, with a range of...
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MatsumotoKiyoshi Holdings in talks with rival Cocokara Fine to form Japan’s largest chain of discount pharmacies
MatsumotoKiyoshi Holdings has announced it is in merger talks with competitor Cocokara Fine in a move that would form Japan’s largest chain of discount pharmacies, according to a report by Reuters. Shares in Cocokara Fine jumped 9 percent following the news of the...
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Kohl’s partners with Facebook to give niche online brands space in retail store
U.S. retailer Kohl's has teamed up with Facebook in a bid to find trendy online brands and give them space in its retail store, according to a report by The Drum. The new initiative will see Kohl's pay Facebook an undisclosed sum in order to sift through brands on its...
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NHS under fire for tripling spend on Jennifer Anniston-promoted hair and skincare brand Aveeno
The National Health Service (NHS) has come under fire after it emerged it had tripled its spend on Aveeno shampoos and bodywash. Last year the NHS spent £2million on prescriptions of the product, which is promoted by movie star Jennifer Anniston, up from £595,000 four...
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Herbivore secures $15 million in Series A funding as it looks to outside investment for the first time
Skincare brand Herbivore has secured $15 million in Series A funding led by Silas Capital, a venture and growth equity firm, with participation by Stage 1 fund, a newly formed consumer-focussed venture capital firm. The move signals the first time the company has...
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Japanese brewer Kirin looks to expand past beer industry with purchase of stake in cosmetics firm Fancl
Japanese brewer Kirin has acquired a 30.3 percent stake in cosmetics company Fancl for $1.2 billion, a move which is said to help the company expand past the beer market as it shrinks worldwide. Fancl, which sells preservative-free cosmetics and supplements, is set to...
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Cruelty Free International applauds Illinois on becoming third state to ban sale of animal-tested cosmetics
Animal welfare charity Cruelty Free International has welcomed the news that Illinois has become the third U.S. state to ban the sale of cosmetics tested on animals. The new law was signed this week by Governor J.B. Pritzker and bans the ‘import or sale of any...
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AMA Laboratories owner charged with manipulating sunscreen test results
Gabriel Letizia Jr., the owner and Executive Director of New York-based testing company AMA Laboratories has been charged with falsifying test results on sunscreen and other products over a period of 30 years, according to a report by Daily Voice Plus. Letizia was...
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PZ Cussons Africa rebrands soap brand to Premier Cool
The African arm of PZ Cussons has announced the rebrand of its soap brand to Premier Cool, according to Punch Nigeria. As part of the rebrand there is a range of alternatives such as Odour Defence, Ultimate and Sport, with a ceremony having been held in Lagos to mark...
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Henkel Q2: first sales drop in a decade as beauty disappoints
Henkel has announced its results for the second quarter of the financial year. The German manufacturer of Schwarzkopf saw sales fall for the first time in a decade (-0.4 percent to €5,12 million), which it attributed to a disappointing performance by its beauty care...
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Grupo Boticario buys Beleza na Web
Grupo Boticario has snapped up Brazilian e-commerce platform Beleza na Web for an undisclosed sum, according to a report published by Reuters. The move was likely prompted by rival Natura’s acquisition of Avon, intensifying competition. Grupo Boticario said the...
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If Nars set out to be provocative with its latest Instagram video, then mission accomplished. The Shiseido-owned make-up brand has long used a little sexual frisson to market its products, with lipstick names such as G Spot and Orgasm but the latest wheeze moves its...
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Kolmar Korea Chairman resigns as Japan row escalates
Kolmar Korea’s Chairman Yoon Dong-han has stepped down from his role after he showed employees a video praising Japan’s prime minister and criticizing the South Korean government, according to various reports. The Kolmar executive issued a formal apology on Friday but...
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Olaplex triumphs in L’Oréal suit
Olaplex has prevailed in a lawsuit bought against L’Oréal some three years ago, according to a report published by WWD. A US jury ruled in Olaplex’s favor in this David-versus-Goliath battle, in which Olaplex accused the French beauty giant of staging a buyout...
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Lauder-Charlotte Tilbury deal back on for US$1 billion?
Charlotte Tilbury is said to be mulling a US$1 billion bid from The Estee Lauder Companies, according to a report published by the Financial Mail on Sunday. The prestige make-up brand is said to have appointed Goldman Sachs as its advisor during talks. Both companies...
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Glossier to target global crowd with London pop up
Glossier is set to open a pop-up store in London this fall, according to a report published by The Independent quoting the Financial Times as its source. The US-based, digitally native brand launched in the UK last year, allowing shoppers to purchase direct from its...
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Wired Beauty appeals to International Chamber of Commerce to settle Lauder dispute once and for all
Wired Beauty has appealed to the International Chamber of Commerce to settle a long-running dispute between it and The Estee Lauder Companies, according to a report published by Sifted. The French start-up has been battling the US prestige giant since 2015 over the...
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South Korea to align cosmetics regulation with EU standard
South Korea is revisiting its cosmetics safety regulation, according to a report published by Chemical Watch. The country’s Ministry of Food and Drug Safety intends to align many of its rules on cosmetics ingredients with the European Union’s legislation. Allowable...
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Elf Beauty: sales ‘exceed expectations’; up 3 percent in transition period
Elf Beauty has announced its results for the transition period ended March 31, 2019. The company changed its fiscal year to run from April 1 to March 31, instead of January 1 to December 31 to better coincide with its annual shelf resets. “Our Transition Period...
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L’Oréal named one of Fast Company’s Best Workplaces for Innovators
L’Oréal has been named to Fast Company’s inaugural Best Workplaces for Innovators list. The unranked list highlights 50 workplaces that attract and retain the best talent by creating environments where employees are empowered to put forth bold ideas. More than 360...
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Shiseido 1H: Net profit up 10 percent; sales grow 6 percent
Shiseido has reported its results for the first half of the financial year (ended June 30, 2019). The Japanese cosmetics manufacturer saw sales grow 6 percent over the first six months to ¥546.6 billion, compared to the same period in 2018, while net profit was also...
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Debenhams to name new CEO?
Debenhams is set to name Stefaan Vansteenkiste CEO, according to a report published by Reuters quoting Sky News as its source. The UK-based department store has been seeking a replacement for Sergio Bucher, who resigned back in April after the retailer was placed in...
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Procter & Gamble’s US$50 million extension of Reading facility nears completion
Procter & Gamble is set to cut the ribbon on a US$50 million upgrade and extension of its UK R&D center in 2020, according to a report published by the Cincinnati Business Courier, as improvements to the US FMCG giant’s Reading facility are on track for...
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Ariana Grande to debut Thank U Next fragrance at Ulta
Ariana Grande is gearing up for the launch of a new fragrance, according to a report published by Allure magazine. The singer took to Instagram to announce the launch, revealing that the new scent would hit shelves at Ulta Beauty on August 18th and her post suggests,...
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Revlon reports Q2 net sales drop
Revlon has announced a net sales fall of 3.3 percent in Q2, a drop attributed to a fall in sales for its portfolio sector and fragrances. The decline was said to be partially offset by a strong quarter for its Elizabeth Arden brand. Reported net loss improved to $63.7...
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Kylie Skin hit with Notice of Suspension over trademark claim
Kylie Skin has this week been hit with a Notice of Suspension from the U.S. Patent & Trademark Office regarding a claim on the trademark of the skincare range’s name. The skincare brand, owned by self-made billionaire Kylie Jenner, is said to cause confusion with...
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Hong Kong-based pharma company Sanai signs CBD supply deal with CannAcubed
Asian cannabis company CannAcubed has announced a new supply deal with Hong Kong-based pharma company Sanai, with an undisclosed volume of pure pharmaceutical grade 99.9 percent CBD isolate delivered to the Sanai head office last week. The two parties now plan to work...
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MAC and John Lewis drop back-to-school make-up class following parent backlash
MAC cosmetics and UK retailer John Lewis have dropped a planned back-to-school make-up class following backlash from parents and campaigners, according to a report by The Times. Aimed at children as young as 12, the 'Mac back to school mini masterclass' was due to be...
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IFF investigates Frutarom over ‘improper payments’
International Flavors & Fragrances (IFF) has announced it is leading an investigation over Israeli ingredient and flavor subsidiary Frutarom after allegations were made that the company has made two improper payments. Following the integration of Frutarom into IFF...
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Barneys New York saved at final hour by multiple new financing offers as it files for bankruptcy
Barney’s New York was saved at the final hour by not one but two financing proposals, with the retailer securing a second offer of $218 million from lending arms B. Riley Financial Inc. and Brigade Capital Management just hours after the $75 million offered by...
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Shopify raises full year revenue forecast after reporting better-than-expected Q2 results
Shopify has announced a better-than-expected quarterly profit, and has raised its full year revenue forecast as a result. The Canadian e-commerce company has started to see its recent investments pay off, with its Toronto and U.S.-listed shares rising over 10 percent...
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Amazon Seller Services appeals against Delhi high court interim order
Amazon Seller Services has appealed against a Delhi high court interim order that has restrained platforms such as Amazon, Flipkart and Snapdeal from selling products from direct sales companies without their consent, according to a report by Live Mint. The court will...
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Senior Merchant Tom Ott leaves Saks Off 5th following company restructure
Tom Ott will be leaving his role as Senior Merchant at Saks of 5th , following a restructure , according to a report by WWD.com. Having been with the company for 24 years, Ott is one of the most respected male merchants in the industry. He will be leaving his position...
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Avon looks to harness global capabilities in new Mexico-based R&D facility
Avon has announced the opening of a new R&D facility based in Mexico, according to a report by Direct Selling News. The research and development lab will operate as part of the company’s global R&D network and is said to help it explore further innovation...
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Beiersdorf 1H: La Prairie a highlight as group sales up 4.8 percent
Beiersdorf has released its results for the first six months of 2019, ended June 30. The German manufacturer of Nivea saw sales rise 4.8 percent (6.2 percent in nominal terms) to €3,837 million. The Consumer Business unit bettered overall sales growth, up 5.3 percent...
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‘This is the future of personal care’: Mother Dirt to become Harvey Nichols’ first microbiome brand
Mother Dirt has announced its launch into Harvey Nichols stores in the UK and Ireland in August. The Boston-based microbiome company will be the first probiotic skin care line to be stocked by the luxury department store. The launch will coincide with a pop-up in the...
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Drunk Elephant to land in China
Indie clean skin care brand Drunk Elephant has revealed that it is set to launch onto the Chinese market in September, according to a report published by WWD. The brand, which is currently on the hunt for a buyer, hired a General Manager for the country in January of...
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Reckitt Benckiser partners with Founders Factory to invest in start-ups
Reckitt Benckiser has announced the launch of a Joint Venture with Founders Factory aimed at discovering and developing start-ups in hygiene and home categories. Founders Factory Hygiene and Home will invest in a number of fast-growth start-ups sourced through...
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CVS Health names replacement as Chief Merchant retires
CVS Health has named George Coleman as Senior Vice President, Front Store Business and Chief Merchant, according to a report published by WWD. Coleman replaces Judy Sanson, who will retire from the role in September. Coleman has worked for CVS since 2012, joining from...
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L’Oréal USA named to Top 10 Percent of Diversity Best Practices Inclusion Index
L’Oréal USA has been named to the Diversity Best Practices Inclusion Index for the second consecutive year and the French beauty giant’s score qualifies it as a Top 10 Percent Inclusion Index Company, a new category added this year for the highest-scoring...
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Cosmopolitan magazine ‘serves’ luxury fragrance
Luxe Brands and Cosmopolitan magazine have announced the launch of a four-scent fragrance collection, named Eau de Juice. The perfume campaign will be fronted by Ashley Benson. "In the spirit of Cosmo and our 81 million strong audience of modern young women, Eau de...
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LG Household & Healthcare Q2: Double digit growth in sharp contrast to rival AmorePacific
LG Household & Healthcare has reported its results for the second quarter of the financial year and its double-digit rise in both sales and profit is in stark contrast to AmorePacific’s subdued performance, as reported on this platform yesterday. Indeed, according...
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Evonik acquisition of PeroxyChem delayed by FTC lawsuit
The US Federal Trade Commission is seeking to block Evonik’s proposed US$625 million acquisition of PeroxyChem in the belief that the deal will lead to price hikes, according to a report published by Reuters. The German specialty chemicals manufacturer said in a press...
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Dermstore to compete with Sephora and Ulta after rebrand
Dermstore is hoping to go head to head with Sephora and Ulta, launching a new mission statement and logo designed to capture millennial customers’ affections, according to a report published by Glossy. ‘Inclusive and educational’ is the thrust of Dermstore’s USP – the...
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The Estee Lauder Companies partners with Kode With Klossy
The Estee Lauder Companies is collaborating with Kode with Klossy, according to a report published by Glossy. As part of the partnership, students enrolled in the STEM-focused coding program will be taught Lauder’s coding curriculum before being challenged to design a...
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Qurate Retail Group creates President role for Disney exec
Qurate Retail Group has announced the appointment of Leslie Ferraro to the newly created role of President, QxH, effective September 16. Ferraro will be charged with advancing the company’s growth strategy (for both its QVC and HSN brands) by leveraging the power of...
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Cronos to buy US CBD beauty brand owner Redwood for US$300 million
Cronos Group has announced that it is set to purchase four operating subsidiaries from Redwood Holding Group for US$300 million. Redwood manufactures, markets and distributes CBD beauty products in the US under its Lord Jones brand. Under the terms of the deal,...
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AmorePacific’s profit plunges as it looks beyond China
AmorePacific saw its profit plunge 53.3 percent in the second quarter of the current financial year (compared to the previous quarter), according to a report published by Pulse News. The K-beauty giant attributed the drop to a sharp rise in marketing costs as it...
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Trump’s tariffs: 25 percent duty to be bought in for all Chinese imports
US Trade Representative Robert Lighthizer has initiated the process to usher in a 25 percent duty on all imports from China that are not already subject to a separate tariff, according to a report published by Reuters. The tariffs would apply to a wide range of...
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