L’Occitane has reported its results for the first half of fiscal 2024. The French natural cosmetics company saw net sales surge 24.9 percent to tip its total over the €1 billion mark. Operating profit rose 11.8 percent.
Huda Kattan thinks that the beauty industry has a long way to go before it can consider itself inclusive. The owner of Huda Beauty said that representation is moving ‘at a snail’s pace’ and that the beauty industry is sexist.
L’Oreal CEO Nicolas Hieronimus has admitted that the French beauty giant continues to operate in Russia, albeit in a ‘limited’ capacity. The manufacturer of Maybelline operates a plant south of Moscow, which manufactures shampoos, hair dye, and hygiene and baby products.
Greenpeace has published a report claiming that Unilever’s plastic footprint has not decreased at all since it committed to using ‘less plastic, better plastic or no plastic’ and to cut virgin plastic use in half by 2025.
Marubeni has announced that it has sealed a capital allowance deal to underwrite a third-party allotment of new shares by Osaji. The Japanese firm will invest some ¥1 billion in Osaji, which was spun off from Nitto last month.
A US appeals court has found in favor of 3M, Corteva and DuPont et al in a class action lawsuit that sought to charge circa 10 chemicals manufacturers with contaminating the environment via the production and supply of PFAS.
Google has announced that it has appointed Vanessa Kingori as Managing Director of Tech, Media and Telecoms. Kingori joins from Conde Nast Britain, where she is Chief Business Officer and Vogue European Business Adviser.
Yatsen has announced its unaudited results for the third quarter of 2023. The Chinese beauty firm saw revenue fall 16.3 percent versus the prior-year period to RMB718.1 million, which it attributed primarily to its colour cosmetics brands.
Klarna has announced the expansion of its growth tools for retailers and creators to help them engage with their audiences in more effective wats and enhance the shopping experience for customers.
Men’s skin care brand, Disco has ceased trading and filed for Chapter 7 bankruptcy. The brand is said to have between 50 and 99 creditors and estimated liabilities of between US$1 million and US$10 million.
The Perfume Shop, in partnership with L’Oréal, has launched the UK’s first multi-brand fragrance refill station in its Nottingham store.
Inter Parfums, Inc. has announced its financial projections for 2024, expecting net sales to reach $1.45 billion and earnings per diluted share of $5.15.
Black Friday sales in the U.S. have shown consumers are spending cautiously, signalling a potentially subdued holiday shopping season.
Revolution Beauty, a London-listed cosmetics group, is in advanced discussions with its founder Adam Minto and former colleague Tom Allsworth regarding multimillion-pound payments.
Unilever India has recently announced the appointment of Gayatri Makhijani Ray as the head of its digital hub.
HeiQ, a leader in textile innovation, has developed HeiQ Skin Care, a 100% biobased textile finishing technology.
Biomel, a company specialising in plant-based gut health products, has received a £5.5 million investment from Iris Ventures, a venture capital firm.
Honasa Consumer, the parent company of beauty and personal care product maker Mamaearth, saw its shares rise by 20% following a report of increased quarterly profits.
Mary Kay Inc., a global beauty brand, has joined the Global Shea Alliance (GSA), a non-profit focused on creating a sustainable and competitive shea industry.
The General Court of the European Court of Justice ruled that Symrise AG, a German cosmetics manufacturer, must conduct animal testing on two ingredients used in sunscreens.
In collaboration with Chanel, Shinsegae Duty Free has announced the opening of the largest mega-beauty podium in Asia duty-free. Chanel Wonderland, as the stand has been named, made its debut at Incheon International Airport’s Terminal 2.
Balenciaga is extending its Balenciaga Music project from playlists to its fashion collections with some clever garment tech that allows an exclusive track to be played via a NFC chip embedded into limited edition T-shirts and hoodies.
Louis Vuitton has partnered with the well-known Cheng family to make its catwalk debut in Hong Kong. The LVMH-owned luxury brand will debut Pharrell Williams’ pre-fall men’s collection in its first fashion show in Hong Kong.
Japanese jewelry brand Mikimoto has signed a fragrance license agreement with Lalique Group covering a collection of perfumes and crystal editions, stretching through 2035.
Saks and Dior have cut the ribbon on their collaborative holiday campaign with the launch of an exclusive World of Dior digital pop-up on Saks.com and the unveiling of the department store’s New York flagship’s 10-storey-high light show.