Slowdown in China and India contribute to lower-than-expected Unilever Q3 sales
Unilever has reported lower-than-expected Q3 sales, attributed in part to a slowdown in its two biggest emerging markets, China and India, as well as the failed recovery of its Latin American activity. The Dove maker reported 2.9 percent organic sales growth, missing...
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RSPO introduces new green palm oil rules for Unilever, Procter & Gamble et al
Industry watchdog Roundtable on Sustainable Palm Oil (RSPO) is set to introduce new rules next month that will force companies such as Unilever and Procter & Gamble to buy greener palm oil or face penalty charges, according to a report by Reuters. The move aims to...
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Henkel partners with Alpa to create first chemically recycled plastic as part of BASF ChemCycling scheme
Henkel has teamed up with packaging manufacturer Alpa to create the first chemically recycled plastic bottles as part of the ChemCycling scheme led by BASF. Through chemical recycling and mixed plastic waste that was previously unrecyclable, the pilot project is said...
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NARS expands in Indonesia with first retail store
Shiseido-owned beauty company NARS has opened its first retail store in Jakarta, Indonesia, according to a report by the Jakarta post. The 88 square meter space, located at Senayan City shopping mall, is a collaboration between NARS Founder Francois Nars and New...
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The Kooples collaborates with Clarins on new moisturizing lip oil
French luxury brand The Kooples has teamed up with Clarins for the launch of two new moisturizing ‘lip comfort oils’, Dark Stone and Light Stone. The two products feature active plant ingredients, with Dark Stone being a plum shade, while Light Stone is a white oil...
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Johnson & Johnson Q3 earnings beat expectations despite mounting legal challenges
Johnson & Johnson reported a rise in its Q3 earnings and revenue, beating industry expectations. Adjusted earnings per share were $2.12 compared to $2.01 expected, with the company’s prescription drugs said to have bolstered the growth. Revenue achieved $20.73 as...
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EOS co-CEO’s in legal battle following ‘forced’ departure of Sanjiv Mehra
EOS Co-Founder and Co-CEO Sanjiv Mehra has filed a lawsuit in Delaware against his fellow Co-Founder and Co-CEO Jonathan Teller, in which he states the company striped him of his ‘economic rights.’ Within the suit Mehra, who owns 15 percent of the company, states that...
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Khiron set to expand Latin American CBD brand Kuida into UK
Cannabis company Khiron has completed the EU cosmetics regulatory process to bring seven Kuida CBD skincare products to the UK. The range, the first consumer brand under Khiron’s wellness business unit, is set to launch in Q4 2019, with an initial focus on the UK...
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Shiseido yeast research to help create collagen-boosting skincare products
Shiseido has discovered the potential for yeast extract to keep skin capillaries healthy, in turn boosting collagen and maintaining elasticity. By using original technology to visualize the 3D structure of capillaries in the skin, the Japanese multinational found that...
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Ardian preps $2.2billion DRT sale
Ardian is said to be preparing for a $2.2 billion sale of French chemicals maker Les Derives Resiniques et Terpeniques (DRT), according to a report by Reuters. The private investment company is working alongside banks Citi and Rothschild on the sale. Ardian and the...
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L’Oréal to relaunch Helena Rubinstein brand in the UK
Helena Rubinstein is set to return to UK beauty counters after a 16-year hiatus, according to a report published by WWD. The L’Oréal-owned brand is landing in Harrods later this month with a 330 sq ft space on the department store’s Fifth Floor, where shoppers will be...
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Clé de Peau Beauté signs multi-year global partnership with UNICEF
Shiseido-owned Clé de Peau Beauté has pledged the world’s largest contribution of US$8.7 million to support UNICEF’s Gender Equality Program, according to a press release issued by the company. The Japanese beauty giant’s multi-year global partnership with the charity...
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Firmenich appoints VP Fine Fragrance Europe
Firmenich has announced the appointment of Francesco Riosa as Vice President, Fine Fragrance Europe. Riosa joins Firmenich from Richemont where he held the role of Vice President, Global Marketing for the Panerai watch brand. Prior to this, he has held numerous senior...
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Nivea continues to invest in African fashion; sponsors Accra Fashion Week 2019
Nivea has confirmed its commitment to supporting Africa’s fashion industry as title sponsor of the recent Accra Fashion Week, held earlier this month. Nivea’s sponsorship fits well with its parent company’s ambition to grow its business across the continent. The...
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MAC Cosmetics drops prices in Australia
Lauder-owned MAC Cosmetics has dropped the price of its lipsticks, eyeshadows and mascaras on the Australian market, according to a report published by 10 Daily. The brand revealed that it was lowering the price of set items in order to remain competitive as well as...
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MAC hires in America’s Top Model judge and Paper legend as Global Creative Director
The Estee Lauder Companies-owned MAC Cosmetics has named Drew Elliott as SVP, Global Creative Director, effective October 28, 2019. Elliott joins MAC from ENTtech Media Group, where he was Chief Creative Officer of Paper Communications. He has also sat as a judge on...
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Beiersdorf UK: turnover rose to £220 million at 2018’s close
Newly filed accounts for Beiersdorf’s UK arm reveal that the turnover across the territory rose to £220.6 million at 2018’s end, up from £214.8 million in the prior year, according to a report published by Insider Media. The UK branch of the manufacturer of Nivea’s...
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Ginkgo Bioworks raises US$350 million for ‘Ferment Fund’
Ginkgo Bioworks has raised US$350 million, which it intends to use to invest in spinout ventures, according to a report published by Reuters. The Ferment Fund, as the pot has been named, will invest in two to three companies per year, Jason Kelly, CEO and Co-founder,...
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AmorePacific issues KRW200 billion in new shares
AmorePacific Group is planning to issue a further KRW200 billion in shares in order to recapitalize its eponymous beauty subsidiary and Osulluc brand, according to a report published by Pulse News. The K-beauty behemoth revealed its intention to issue some 7 million...
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Ed Hardy extends licensing deal with Revlon
Iconix Brand Group has extended its licensing agreement with Revlon for its Ed Hardy brand. The new deal stretches Revlon’s reign for a further four years, taking the partnership to 2023. Revlon currently offers nine Ed Hardy fragrances, with a further two unisex...
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New Avon taps into LG stable; prepares to launch series of K-beauty collabs
The US arm of direct sales firm Avon is set to benefit from access to LG Household & Health’s world-class R&D capabilities. Indeed, New Avon is set to draw on its new owner’s impressive portfolio, unveiling a series of cross-brand partnerships later this year....
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Cult Beauty up for sale?
Cult Beauty is said to be exploring the possibility of a sale. The company has bought in JP Morgan to advise on its strategic options, according to a report published by City AM quoting Sky News as its source. If founders Jessica DeLuca and Alexia Inge do decide to...
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J-beauty ad spend in South Korea plummets 90 percent
Japanese companies have dramatically decreased the ad space they buy across South Korea’s media landscape, according to a report published by The Korea Bizwire. A survey conducted by Media Audit Korea revealed that Japanese companies spent KRW 7.2 billion on ad space...
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Aqua Bio Technology partners with DBK Pharmaceutical to take Moana Skincare to Egypt
Aqua Bio Technology has entered into an agreement with DBK Pharmaceutical for the latter to distribute the former’s Moana Skincare brand in Egypt. Egypt will be Aqua Bio Technology’s first foray into the African continent, the brand has already launched in Kuwait as...
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Sharing is caring: P&G launches #ActForWater campaign
Procter & Gamble is encouraging viewers of its Activate docu-series, made in partnership with the National Geographic, to share the last episode, Clean Water, with the hashtag, #ActForWater, on their social channels in order to trigger a donation of clean water to...
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