L’Oréal has become the latest cosmetics company to face a class action lawsuit over its use of biometric identifiers via a try-on tool featured on its website, according to a report published by Legal Newsline.
Evonik substitutes up to 40 percent natural gas at German sites; safeguards against Russian gas stop
Evonik is making energy supply at its German sites less dependent on natural gas, with the substitution of alternative energy sources set to replace up to 40 percent of Germany’s natural gas supply.
Russia has revealed plans to open a series of duty-free stores where diplomats will be able to purchase products from western brands using foreign currency, according to a report published by The Guardian.
Beiersdorf has reported its results for the first half of the current financial year. The manufacturer of Nivea continued its strong growth course in the first six months of fiscal 2022 despite a ‘challenging market environment’.
Symrise has reported a first half 2022 sales growth of 18.5 percent to €2.3 billion, with an organic growth of 10.2 percent.
Henkel is progressing its sustainability and digitalisation strategy with the expansion of a supply chain partnership with DHL in the UK.
Henkel has strategically evolved and redesigned its global corporate brand identity, together with MetaDesign, the brand consultancy of Publicis Groupe Germany.
Unilever contends that its second quarter and first-half results prove that its strategic choices, known collectively as Unilever Compass, are paying dividends.
Coty-owned Kylie Cosmetics is poised to install an interactive Kylie Jenner Glam Park in London’s Covent Garden to mark the brand’s latest skin care and cosmetics drop.
L’Oréal has reported Q2 sales of 9.31 billion euros (US$9.46 billion), a 13.4 percent rise on a like-to-like basis.
Dior has teamed up with French innovation lighting company Lucibel to commercialize a LED mask technology, according to WWD.com.
L’Occitane announced sales growth of 15.8 percent in the three months ended 30 June 2022, reaching reaching €416.0 million, with the Americas rising 55.5 percent, benefitting from new brands and markets reopening.
LVMH has reported better-than-expected Q2 revenue that was attributed to boost in tourism in Europe and resilient US sales, which helped the luxury company ride out the fall in its Chinese business as it endured COVID lockdowns.
Chanel has missed an interim renewable target for 2021, reaching just 92 percent of its electricity needs from renewable sources as opposed to the target of 97 percent, according to Bloomberg.
Unilever has raised prices by 11.2 percent over the past few months, and is expecting to do so again throughout 2022 due to ‘uncertain and volatile’ global economy and cost inflation.
Interparfums has closed an agreement with G-III Apparel Group to become the exclusive worldwide licensee for the Donna Karan and DKNY fragrance brands.
PZ Cusson’s Child’s Farm brand has become B Corporation certified, said to be the first brand in children’s personal care to achieve the status.
Beiersdorf-owned Nivea has relaunched its female and universal shower gels as climate-friendler versions, which will be rolled out this year with a significant reduction in CO2 emissions at production sites and throughout the value chain, as well as the neutralization of the remaining CO2 emissions of the sustainably improved products.
UK beauty and personal care retailer Superdrug has signed more than 200 brands to the upcoming launch of its new marketplace platform, which includes premium brands and start-ups.
The International Fragrance Association (IFRA) has published a set of policy recommendations, called Green Deal, highlighting the fragrance industry’s value and role in supporting the EU’s sustainability transition.
Primark has announced a global partnership with Fairtrade with the launch of a new beauty collection across all 14 markets.
Things are looking up for GSK after it listed its consumer health care business on the London stock exchange yesterday. Trading for Haleon, as the demerged firm has been named, opened at 330p, placing the company’s value at £30.5 billion.
Smashbox has become the latest The Estee Lauder Companies-owned brand to exit the UK and Ireland market, according to a report published by WWD.
Henkel-owned Zotos Professional teams up with children’s art organization Art Feeds to foster creative expression
Henkel-owned brand Zokos Professional has teamed up with children’s art organization Art Feeds in an effort to support the positive connection between art and mental health.
Manufacturers in the European Union could be offered financial incentives to reduce their use of natural gas as part of a wider strategy to mitigate a potential energy crisis, according to a report published by the Financial Times.
The Fragrance Shop has announced a store expansion plan across the UK and Ireland, having appointed global real estate advisor, CBRE, to help with the roll out.
L’Oréal receives award for ESG Purpose and Commitments at the 2022 General Meeting and Gender Balance Awards ceremony
L’Oréal has received the award for ESG Purpose and Commitments at the 2022 General Meeting and Gender Balance Awards ceremony, organised by the Institut du Capitalisme Responsible.
Duty-free retailer Dufry has agreed to acquire Italian airport and motorway caterer Autogrill, with Italy’s Benetton family, Autogrill’s largest investor, transferring its 50.3 percent stake to Dufry, according to Reuters.
UK health and beauty retailer Superdrug collaborated with entertainment platform TikTok to run the #SuperShow talent competition, where entrants completed three challenges inspired by products available at Superdrug.
LVMH-owned Sephora has announced that it is planning to sell its Russian subsidiary to the current local GM, according to a report published by Reuters.
Klarna’s valuation has plummeted from US$46 billion to US$6.7 billion as a result of a funding round that saw the buy now, pay later platform struggle to persuade investors of its worth, according to a report published by the Financial Times.
AkzoNobel has named Gregoire Poux-Guillaume as its next CEO, effective November 1, 2022, succeeding Thierry Vanlancker whose term is coming to an end.
AS Watson-owned Superdrug has reported its results for fiscal 2021, revealing a healthy increase in profit and revenue despite challenging trading conditions.
Medmix-owned Geka has announced that it is releasing its first sustainability report, outlining its commitment to and progress towards its environmental goals.
The Competition and Markets Authority (CMA) is investigating Amazon over concerns that practices affecting sellers on its UK Marketplace may be anti-competitive and could result in a worse deal for customers.
French beauty brand Bourjois is set to return to the UK market after parent company Coty pulled it in 2019 as it streamlined its brands.
Look Fantastic launches scholarship programme named Fantastic Futures for emerging and independent beauty brands
THG-owned Look Fantastic has launched its new scholarship program, named Fantastic Futures, aimed at emerging and independent beauty brands.
Unilever has joined forces with Boots for the second year running to support The Hygiene Bank and help tackle hygiene poverty in the UK.
LVMH-owned Parfums Christian Dior has published a roadmap outlining its plan to mitigate its impact on the planet and communities by 2030 by investing in regenerative flower cultivation as well as operating more sustainably throughout its value chain.
BASF’s Care Creations unit opened its inaugural Baby Care Competence Center in Turkey in June. Integrated into the ingredients supplier’s Innovation Center Turkey, the center will develop effective solutions with special ingredients for a wide range of baby care products.
The Society of Cosmetics Scientists (SCS) has announced the appointment of Shona Bear, Quality and Technical Manager at AS Watson-owned Superdrug, as its Vice President.
Function of Beauty has announced that it has appointed Marianna Trofimova Chief Marketing Officer. In her new role, Trofimova will be responsible for strengthening the brand, building its product portfolio and go-to market strategies as well as global expansion.
BYBI has announced that it has secured an £1.9 million asset-based lending facility from Independent Growth Finance in order to accelerate its push in to the US market and expand its range of sustainable beauty products.
H&M Group has reported its results for the first half of fiscal 2022. The Swedish fast fashion brand saw sales increase 20 percent in the six months to May 31, 2022, while gross profit rose to SEK54.106 million.
L’Oréal-owned Biotherm has launched a brand-wide sustainability commitment to become ocean positive by 2030.
PZ Cussons has reported that trading in Q4 has remained in line with expectations, with the company anticipating reporting Group revenue for the year to approximately £590 million, with full year like for like (LFL) revenue growth of 3% and Q4 LFL growth of 7%.
Croda has entered into a cooperative agreement with the United States government in which the government will provide up to US$75 million to expand the company’s US manufacturing capacity of ingredients for lipid systems used in novel therapeutic drugs, such as mRNA vaccines.
Natural French beauty brand WAAM Cosmetics has closed a second round of funding of €5 million, according to a report by WWD.com.
Henkel has honored female researchers with the launch of its Martha Schwarzkopf Award for Women in Science, a new research award to support and recognize outstanding female scientists in the field of hair research.
L’Occitane has reported its results for fiscal 2022. The French natural beauty brand branded its financial performance ‘outstanding’ with a record full-year operating profit and its highest operating profit margin since listing.