P&G Q3 2020: Sales up 5 percent, net earnings soar 8 percent
The Procter & Gamble Company has reported its results for the third quarter of fiscal 2020. The US FMCG giant saw net sales swell an impressive 5 percent over the period to reach US$17.2 billion, while net earnings grew an impressive 8 percent to US$1.12 per share.
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Feeling confident: L’Oréal 1H 2020 sales down 11.7 percent but there’s hope on the horizon as growth continues in China
L’Oréal has reported its results for the first half of fiscal 2020. The French beauty giant saw sales dive 11.4 percent (like-for-like) overall but said it was confident that consumer appetite for beauty remains intact.
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Estee Lauder signs up to be The Times Social Studio’s first client
News UK’s commercial division, The Bridge has launched a branded social video product, The Times Social Studio aimed at brands looking to reach The Times and The Sunday Times’ off-platform digital audiences – and Estee Lauder is set to be its first client.
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Nivea India sets a virtual Guinness World Record
Nivea Men India now holds a Guinness World Record for the ‘Most People Washing Their Face Online Simultaneously’, according to a report published by Afaqs!.
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Henkel adds new materials to recyclability assessment tool
Henkel has added new functionality to its EasyD4R software tool, now allowing it to not only assess the recyclability of plastic packaging but also paper/cardboard, glass, aluminium and tinplate too.
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Clean sweep: RB sees profit and revenue soar in 1H 2020
Reckitt Benckiser has reported a double-digit uptick in both profit and revenue for the first half of fiscal 2020. The manufacturer of Dettol saw net revenue swell 10.8 percent to £6,911 million thanks to increased demand for its health and hygiene products.
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L’Oréal: if you want to work from home, we need your medical records
L’Oréal is said to be ordering its staff back to the office, despite widespread advice to work from home where possible to reduce the spread of the coronavirus, according to a report published by Page Six, quoting Estee Laundry as its source.
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AS Watson opens up Moneyback scheme to stimulate spending
AS Watson has announced that it will open up its Moneyback loyalty scheme to help other retailers promote their businesses.
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Masked beauty: Mask wearing spurs on matching manicure trend
Matching your mask to your manicure is ‘peak 2020’, Refinery 29 is claiming. Indeed, the digital lifestyle publication has rounded up a series of mask-mani combinations it’s spotted on social channels.
CLICK HEREThe Look: P&G prompts discussion of racial bias with new ad
Procter & Gamble is airing a new ad in the US to help raise awareness of the daily microaggressions experienced by Black people, according to a report published by Indy 100.
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Parfums Givenchy launches make-up looks on Nintendo’s Animal Crossing
Parfums Givenchy has entered the world of Nintendo’s Animal Crossing: New Horizons, having teamed up with Nook Street Market to launch make-up creations on the game, according to a report by WWD.com.
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Revlon seeks to swap bonds to delay debt repayment as it looks to recover from COVID-19 blow
Revlon is looking to delay repayments due to bondholders next year as it looks to recover from the blow to the business felt from COVID-19, according to a report by Bloomberg
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Lotte Duty Free diversifies with live shopping channel LDF Live
Korean duty-free retailer Lotte has launched a new live shopping, LDF Live, which hosted its first show yesterday, as it looks to diversify the sales channel for duty free goods.
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Magic Johnson offers $100 million in loans to minority-owned businesses left out of government PPP loans scheme
Former basketball player Magic Johnson has collaborated with MBE Capital partners to offer $100 million in loans to minority- and women-owned companies set to be impacted by the quarantining legislation in the U.S.
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Croda gives dividend despite COVID-19 impacted fall for skincare and cosmetics
Croda has maintained its dividend payout despite falling demand for its skincare and cosmetics arm due to COVID-19.
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MAC Cosmetics debuts on ASOS US
The Estee Lauder Companies-owned MAC Cosmetics is to be sold via ASOS’ US site, according to a report published by WWD.
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Victoria Beckham Beauty makes China debut on Tmall Global
Victoria Beckham Beauty has launched on Alibaba-owned Tmall Global this week – marking the clean beauty brand’s official entry onto the Chinese market.
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Good resilience? LVMH revenue plunges 27 percent in first half
LVMH has published its results for the second quarter and first half of fiscal 2020. The luxury goods behemoth saw revenue plummet 38 percent over the second quarter compared to the same period in 2019, contributing to a 27 percent drop in revenue year-on-year over the first six months of the year. Profit also took a nose dive falling 68 percent yoy to €1,671 million.
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New Avon partners with Gyrl Wonder
New Avon has partnered with a professional pipeline initiative aimed at young women of color, known as Gyrl Wonder.
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Walgreens Boots Alliance hunts for new CEO as Pessina steps down
Walgreens Boots Alliance has announced plans for a transition of leadership after Stefano Pessina informed the Board of his intention to step down from his role of CEO in favor of a role as Executive Chairman.
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High demand for hygiene products offsets Unilever’s first-half sales slump
High demand for hygiene products has softened Unilever’s first-half sales fall, helped by Q2 underlying sales dropping 0.3 percent as opposed to analyst forecasts of 3.4 percent.
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Major global Retailers end partnerships with coconut milk providers Aroy-D and Chaokoh following PETA Asia animal cruelty investigation
A slew of major global supermarkets have ended partnerships with coconut milk suppliers Aroy-D and Chaokoh following a PETA Asia investigation highlighting that the coconuts were picked by ‘enslaved’ monkeys.
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Gabrielle Union relaunches Flawless haircare line as all-Black owned and marketed brand
American Actress Gabrielle Union has relaunched her Flawless haircare range with hair stylist Larry J Sims, with the range now being ‘100% black.’
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MAC to launch into Boots; 48,000 sign up to the waiting list
Cult beauty brand MAC cosmetics is set to launch into Boots stores and online in the UK and Ireland from 29th July, with the retailer having amassed a 48,000-waiting list for the products in just 24 hours.
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Caudalie opens first flagship spa in Toronto
French skincare brand Caudalie has announced the opening of its first flagship spa in Toronto, Canada.
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