Unilever to sell off Impulse, Timotei and St Ives?
Unilever is said to be reviving a plan to auction off its non-core personal care brands. The portfolio, which includes Timotei, St Ives and Impulse is known as Elida Beauty and generated US$760 million in revenue last year.
Inter Parfums elects new Board Member
Inter Parfums has announced that it has elected Gerard Kappauf to its Board of Directors. The company has also announced the retirement of Michel Dyens and Parick Choel, bringing the total number of board members to nine.
L’Oréal named as official sponsor of Orient Express Americas Cup team
L’Oreal has announced its official sponsorship of the Orient Express Racing Team, the French challenger for the 37th America’s Cup sailing competition.
Warpaint hails record first half as sales soar 46 percent
Warpaint has achieved record first half sales of £36.7 million in the six months to June 30, 2023. The London-based color cosmetics supplier reported a 46 percent rise yoy, with UK revenue up 28 percent and international revenue climbing 58 percent versus the prior-year period.
L’Oréal announces new executive hires; creates new role for L’Oréal China
L’Oréal has announced a number of important moves within its executive committee. Fabrice Megarbane will take on the Chief Global Growth Officer role following the retirement of Frederic Roze, while Vincent Boinay will step into Megarbane’s shoes as President of the North Asia Zone and CEO for L’Oréal China.
Waterstones owner rumored to be in the running for The Body Shop
The owner of Barnes & Noble and Waterstones, Elliott Advisors is said to have submitted a bid for Natura &Co’s The Body Shop.
The Perfume Shop scores Top Employers Institute certification
The Perfume Shop has successfully secured certification as a Top Employer from the Top Employers Institute.
Puig Eyes Stock Market Entry
Puig, a leading Spanish cosmetics conglomerate, is reportedly in discussions with investment giants Goldman Sachs and JPMorgan, seeking advice on a potential stock market debut.
THG’s Share Decline: Challenges Mount Amid Revised Sales Projections
THG witnessed a significant drop in its share value, with a decline of up to 20% last week, following the company’s decision to lower its annual sales projection due to challenges like rising inflation and underwhelming performance in its beauty segment.
L’Oréal’s EUR15 Million Climate Fund
L’Oréal has launched a EUR15 million Climate Emergency Fund. This initiative aims to bolster vulnerable communities’ resilience against climate disasters.
Beiersdorf Champions Sustainability: Recycled Aluminum and CO2e-Neutral Production in Europe
THE WHAT? Beiersdorf unveils its latest initiative advancing sustainability, climate defence, and circularity. THE DETAILS Starting from 2023/24, Beiersdorf's European deodorant lineup, encompassing brands like NIVEA, 8X4, Hidrofugal, and Hansaplast, will integrate...
Prada Blooms Worldwide: Star-Studded Campaign Pairs with Global Seed Initiative
Italian luxury fashion house Prada, is bringing its fall ad campaign to life, prominently featuring Benedict Cumberbatch alongside stars like Li Xian and Letitia Wright, with a unique worldwide gesture involving flowers.
Douglas forges ahead with planned IPO; chooses banks as global coordinators
It’s full steam ahead for Douglas as it prepares to list. The German pharmacy chain is said to have selected a series of banking partners as global coordinators for its planned IPO.
Monat enters the color cosmetics sector with ‘no make-up look’ range
Monat has launched its first color cosmetics collection. The direct sales brand is making its debut into the category with a skin care-infused line designed to create a barely-there look.
Beiersdorf cuts ribbon on new corporate HQ
Beiersdorf has cut the ribbon on its new corporate headquarters, located on the newly renamed Beiersdorfstrasse in Hamburg. The Campus, as the new site has been dubbed, is described as the ‘foundation for long-term success and further growth’.
L’Occitane unveils Aria Mia Loverti as Global Brand Ambassador
L’Occitane has named Aria Mia Loberti as Global Brand Ambassador for its L’Occitane en Provence brand.
Maria Nila Joins Forces with L Catterton for Global Expansion
Maria Nila, has partnered with global investment firm L Catterton.
Garnier Names New President
Marc Baland has been named the new president of Garnier, succeeding Adrien Koskas.
Richemont names CEO of newly created Laboratoire de Haute Parfumerie et Beaute
Richemont has announced the appointment of Boet Brinkgreve to the newly created role of CEO of Laboratoire de Haute Parfumerie et Beaute.
Mercedes-Benz debuts fragrance trio
Mercedes-Benz has unveiled a new men’s fragrance trio The eau de parfums Land, Sea and Air form a fragrance trilogy, inspired by the car manufacturer’s logo – a three-pointed star.
Nice Cote d’Azur to renew entire retail offer
Nice Cote d’Azur Airport has issued a call for tenders covering its entire commercial offer, split between its three terminals dedicated to scheduled and business flights.
Sephora and Zalando to terminate partnership
Sephora and Zalando’s partnership will not be renewed following its two-year pilot. The move was described by a spokesperson for the perfumery chain as a ‘mutual and amicable decision’.
Estee Lauder Fragrance to hit shelves at M&S
Marks & Spencer has announced that some 30 Estee Lauder Fragrances, including the Beautiful, Pleasures and Bronze Goddess collections, will hit its website and shelves at selected stores across the UK next month.
The Body Shop removes gender segmentation from UK stores
The Body Shop has rejigged its UK stores to emphasize the gender neutrality of its range. The ethical beauty retailer will no longer feature a dedicated men’s area.
Kama Ayurveda poised to open London store this fall
Kama Ayurveda has announced that it will launch its first standalone store outside of India in London’s Notting Hill this fall. The multi-storey space will offer a full immersion into the world of Ayurveda.
Weleda names new CEO
Weleda has announced the appointment of Tina Muller as CEO, effective October 1, 2023. Muller joins from Douglas where she was Group CEO from 2017 to 2022 before moving to its supervisory board.
Glossier and Sephora Unite in the U.K.
Cult-favorite beauty brand Glossier is gearing up for a notable collaboration with industry titan Sephora in the U.K.
Revolution Beauty Group Ushers in a New Era
Revolution Beauty Group has made it official: Lauren Brindley, the previous vice president for beauty and personal care at Walgreens, is stepping in as the new chief executive.
La Bouche Rouge Faces Financial Challenges
The eco-luxury beauty brand from France, La Bouche Rouge, has entered receivership.
Beiersdorf Taps OMD: Pioneering Digital-First Media Strategy for Europe and North America
Beiersdorf selects OMD as its exclusive media agency and transformation collaborator for Europe and North America.
L’OCCITANE Blooms in Sustainability: Earns Coveted B Corporation™ Badge!
The L’OCCITANE Group announced that it is now a certified B Corporation™.
Lush to ‘revolutionise the hair industry’; opens first hair salon
Lush is poised to launch its first hair salon in Brighton. The ethical cosmetics brand’s HairLab will take a holistic approach to hairdressing and barbering, cater for all hair types, reduce salon waste and feature a ‘spa for your head’.
Chanel promotes launch of Chance Eau Fraiche with pop up diner
Chanel is bringing glamour to the classic American diner. The French luxury brand is opening a pop-up diner in Brooklyn’s Williamsburg neighbourhood.
Kering issues a four-tranche bond for €3.8 billion
Kering has issues a four-tranche bond for a total of €3.8 billion. The bond consists of two €750 million tranches, one with a two-year maturity and a 3.75 percent coupon and the other with a four-year maturity and a 3.625 percent coupon plus two further tranches.
Lancôme unveils unprecedented collab with Musee du Louvre
Lancôme has elevated the collab to a whole new level of artistry. The L’Oreal-owned prestige make-up brand has teamed up with Musee du Louvre to create a new skin care and make-up collection.
Boots to open beauty-only concept store
In a departure from its traditional pharmacy model, Boots is opening a destination store for beauty-lovers at London’s Battersea Power Station development. The Walgreens Boots Alliance-owned chain has described the 11,200 sq ft space as a ‘beauty playground’.
Reckitt Benckiser drafts in Nike exec as CFO to retire
Reckitt Benckiser has announced that its CFO, Jeff Carr is planning to retire in March next year. The UK-based health care manufacturer has named Shannon Eisenhardt as CFO Designate.
Harry Styles unveils fragrances inspired by intimate moments
Harry Styles’ Pleasing brand is set to launch a series of fragrances inspired by intimate moments.
Oriflame to reduce headcount by 20 percent in new cost efficiency program
Oriflame has announced that it will eliminate some 20 percent of its staffed positions, reducing its headcount from 4,450 to 3,600 as part of a wider cost efficiency program.
UK government calls for data on nanomaterials in cosmetics
The UK’s Office for Product Safety and Standards has invited interested parties to submit any scientific information relevant to the safety assessment of nanomaterials used in cosmetics.
Farfetch to bow out of beauty?
Farfetch is thought to be closing down its beauty division after less than 18 months in business. The online retailer created Farfetch Beauty last April, following its acquisition of Violet Grey.
Henkel raises sales and earnings guidance for 2023 following ‘significant’ growth in first half
Henkel has announced a ‘significant’ uptick in sales and earnings for the first half of 2023 and, as a result, is upping its outlook for fiscal 2023. The manufacturer of Schwarzkopf is now forecasting sales of 2.5 percent to 4.5 percent for FY2023.
Unilever boss defends Russian position but promises to review ‘with fresh eyes’
Unilever’s new CEO, Hein Schumacher has pledged to review its decision to continue operations in Russia after Ukraine named the FMCG manufacturer as a sponsor of war.
Rumors swirl as Harvey Nichols CEO makes shock exit
The CEO of Harvey Nichols, Manju Malhotra has resigned from her post. Malhotra has worked for the UK department store for some 25 years and was appointed CEO in 2020.
PZ Cussons names Chief Information Officer
PZ Cussons has announced the appointment of Jawaz Illavia as Chief Information Officer. Jawaz will join fellow new senior leadership hire, Chief People Officer Cath Bailey on the Executive Leadership Team.
Rumors swirl around potential Douglas IPO
Douglas is said to be preparing to list on the stock market. The German perfumery chain’s owner, CVC Capital Partners is rumored to be working with advisors to prepare an initial public offering (IPO).
Frasers ups stake in Asos
Frasers Group has announced that it is upping its stake in Asos. An official filing with the London Stock Exchange shows that the owner of Flannels has increased its share from 10.5 percent to 16.8 percent.
Geiger Eyes Privatizing L’Occitane Amid Market Shifts
Reinold Geiger, the controlling shareholder of L’Occitane International SA, is discussing potentially privatizing the skincare company at a roughly $6.5 billion valuation.
Yves Rocher Plays Digital Hide-and-Seek in DACH Region
French cosmetics brand Yves Rocher is closing its physical stores in Germany, Austria, and Switzerland due to unsustainable operations, though they will maintain their online sales in these regions.
Sniffing Out Gen Z: Austin Butler & The MYSLF Revolution
Austin Butler is the new global ambassador for Yves Saint Laurent Beauty’s men’s fragrance, MYSLF.
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