L’Oréal, Reckitt Benckiser and Essity team up to launch ‘Shop Responsibly’ campaign
L’Oréal, Reckitt Benckiser and Essity have joined forces to encourage shoppers to act with consideration for others, according to a report published by Campaign.
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Amazon prevails in Coty court battle
The European Court of Justice (ECJ) has found in favor of e-commerce behemoth Amazon in a battle with Coty over trademark rights, according to a report published by Reuters.
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PZ Cussons cuts Kanellis’ exit pay as whistle blower lifts lid on cash withdrawals
PZ Cussons has announced that its remuneration committee has decided to withdraw a settlement agreement between the company and former CEO Alex Kanellis following allegations levelled at the latter.
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L’Oréal closes on Azzaro and Mugler deal
L’Oréal has announced that it has finalized the acquisition of the Mugler brands and Azzaro fragrances from Clarins Group after obtaining the necessary authorizations from the relevant authorities.
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Victoria Beckham donates 20 percent of fashion and beauty sales to help in COVID-19 plight
Victoria Beckham has pledged 20 percent of fashion and beauty sales to help in the plight against COVID-19.
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Henkel launches global solidarity program to coronavirus support workers and affected communities
Henkel has launched a comprehensive global solidarity program that aims to support employees, customers and communities during the global COVID-19 pandemic.
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Hindustan Unilever, Reckitt Benckiser et al to slash sanitizer prices following government mandate
FMCG companies including Hindustan Unilever, Dabur, ITC and Reckitt Benckiser are to slash prices of hand sanitizer and face masks following a government mandate to cap rates of the sought-after items.
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L’Oréal postpones AGM and predicts a 5 percent fall in sales for Q1
L’Oréal has announced that it will postpone its Annual General Meeting, initially scheduled for the April 21, to June 30, 2020. The French beauty giant attributed the change to ‘exceptional circumstances linked to the COVID-19 epidemic’ and suspended its 2020 guidance.
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Beiersdorf restructures Communications and Sustainability department
Beiersdorf has announced a restructure of its Communications and Sustainability department.
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UK government to work with Unilever to fund a global hand-washing campaign
The UK government is working with Unilever to fund a global program to tackle the spread of coronavirus.
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Douglas opens its online marketplace to other retailers
Douglas has opened its online marketplace to significantly more new retailers during the coronavirus crisis.
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Now Chanel moves to mask production
Masks and scrubs are taking on a whole new meaning across the beauty and fashion industry. Chanel has become the latest luxury firm to announce that it is to produce surgical masks and gowns at its workshops.
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Unilever to protect staff salaries for three months
Unilever has announced a wide-ranging set of measures aimed at supporting global and national efforts to tackle the coronavirus pandemic.
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LVMH Chairman Bernard Arnault gains back $11bn following stock surge
LVMH Chairman Bernard Arnault has earned back $11bn as stocks surged following news of the huge U.S. stimulus package – the biggest trading-driven gain witnessed in the history of the Bloomberg Billionaires Index, according to Bloomberg.
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LVMH: We won’t buy Tiffany shares on open market
LVMH has confirmed it won’t buy Tiffany shares on the open market and will instead honour the terms of its takeover agreement implemented last year.
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Saint Laurent, Balenciaga adapt production to create face masks in wake of shortages
Kering-owned brands Saint Laurent and Balenciaga are set to adapt their production facilities to create face masks in a bid to alleviate the shortage within France following the coronavirus outbreak, according to Reuters.
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Hennes & Mauritz shutters stores and sheds staff as coronavirus closures bite
Hennes & Mauritz has closed thousands of stores around the world and has warned that its headcount will be reduced drastically as a result, according to a report published by Bloomberg.
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Could coronavirus closures foretell the end of fast fashion? John Lewis, Arcadia and Primark close stores
Several UK retailers have closed their stores to shoppers this week, with far-reaching implications for suppliers and landlords – and possibly entire industries – according to a report published by The Times.
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Beiersdorf ramps up production of medical-grade disinfectant in Europe
To support Europe’s fight against the coronavirus, Beiersdorf has ramped up production of medical-grade disinfectants within its European production network.
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PZ Cussons names former Avon executive as new CEO
PZ Cussons has announced the appointment of Jonathan Myers as Chief Executive Officer, effective May 1.
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Evonik acquires biotech firm innovativeHealth Group
Evonik has agreed to acquire innovativeHealth Group (innoHealth), for an undisclosed sum.
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L’Oréal launches a Europe-wide coronavirus solidarity program
L’Oréal has announced that it is launching a European solidarity programme to support the fight against coronavirus.
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PZ Cussons finds buyer for Nutricima and completes on Luksja sale
PZ Cussons has announced that it has made progress in the sale of Nigerian dairy business, Nutricima.
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Amazon reserves warehouses for vital supplies until April 5
Amazon is reserving its warehouse capacity for ‘vital supplies’ until April 5 in the US, UK and other European locations, according to a report published by Reuters.
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Easyfairs to make venues available to authorities free of charge
Easyfairs has announced that it will make venues available to local and national authorities free of charge, in a bid to help in the fight against the coronavirus.
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Planet Organic acquires As Nature Intended
Planet Organic has announced the acquisition of London-based organic and natural food stores As Nature Intended
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BASF ups polyalcohol prices in Europe
BASF has announced that it is increasing the prices of polyalcohols Neooentylglycol (NPG) and 1,6-Hexanediol (HDO) with immediate effect or as existing contracts permit.
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LVMH to produce hand sanitizer to help alleviate nationwide shortages in France
LVMH has announced it is to start production of hand disinfectant gel in a bid to help alleviate nationwide shortages in the wake of the coronavirus outbreak in France.
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L’Oréal signs multiyear supply agreement with Loop Industries
L’Oréal has entered into a multi-year offtake agreement with Loop Industries, with the plastic technology company set to supply the beauty giant with polyethylene terephthalate (PET) resin made of 100 percent recycled materials.
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M.A.C Cosmetics introduces ‘no-touch’ policy and cancels makeover appointments in UK amidst coronavirus crackdown
M.A.C Cosmetics has introduced a ‘no touch’ policy across its UK stores and has cancelled all makeover appointments as part of preventative measures in the crackdown on the coronavirus.
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Henkel announces new ambitious targets for sustainable packaging and climate protection
Henkel has set new ambitious targets for sustainable packaging and climate protection, announced as part of its 29th Sustainability Report.
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Henkel and KKR proceed to second round of bidding for Coty’s professional hair and nail product business
Henkel and buyout firm KKR have joined a small group of interested parties moving on to the second round of bidding for Coty Inc’s professional hair and nail products business, according to Bloomberg.com.
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Symrise fiscal 2019 earnings grow as organic sales hit 5.7 percent
Symrise has reported a full year 2019 earnings increase of 12.2% to 707.2 million euros, before interest, taxes, depreciation and amortization, normalized for the one-off effects of the ADF/IDF acquisition, according to Nasdaq.
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Parental leave: L’Occitane and Unilever expand entitlement to paid leave
Both Unilever and L’Occitane have implemented generous paid leave policies for new parents.
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Unilever achieves gender balance across global management teams
Unilever has announced that it has achieved gender balance across management globally, a year ahead of its target for the same.
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Firmenich strikes deal for Les Derives Resiniques et Terpeniques
Firmenich has announced that it has entered into exclusivity with Ardfian, Tikehau Capital and family shareholders to acquire Les Derives Resiniques et Terpeniques (DRT).
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German anti-aging brand offers US$1 million per second for Meghan Markle to appear in Suits
German anti-aging brand Biotulin has offered to pay US television network NBC US$5 million for a five-second appearance from the Duchess of Sussex in drama series suits, according to a report published by Extra.
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Givaudan shuts down Zurich facility as employee tests positive for coronavirus
Givaudan has shut down a Kemptthal-based facility after one of its employees tested positive for coronavirus, according to a report published by Reuters.
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in-cosmetics Global 2020 postponed due to ongoing coronavirus concerns
Reed Exhibitions has announced it is to postpone in-cosmetics Global 2020 until 30th June to 2nd July due to ongoing concerns surrounding the coronavirus outbreak.
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Beiersdorf: New business investment to mitigate coronavirus impact for 2020
Beiersdorf is predicting similar growth for 2020 in line with 2019, with investment into new business said to offset the negative effects of the coronavirus, according to a report by Reuters.
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Estée Lauder Companies UK media account up for review
Estée Lauder Companies (ELC) is due to put its UK media planning and buying account up for review, according to a report by Campaign Live.
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No more fatbergs: Andrex gains ‘Fine to Flush’ certification
Andrex has become the first major brand in the UK to gain Water UK’s Fine to Flush certification for its Washlets range.
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L’Oréal, Unilever et usher in travel bans as coronavirus takes hold
Several companies have ushered in restrictions or even bans on business travel in a bid to limit the spread of coronavirus, according to a report published by CNN.
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Firmenich is now powered by 100 percent renewable electricity
Firmenich has announced that it has achieved its goal to power its global operations entirely with renewable electricity. An industry first, the group’s transition to green power is supported by RE100.
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Creed Fragrances sells business to BlackRock Long Term Private Capital and Javier Ferrán
Creed Fragrances has sold its business to BlackRock Long Term Private Capital and Javier Ferrán, Chairman of Diageo, according to a report by WWD.com.
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Beiersdorf joins AAK sustainability program
Beiersdorf has been announced as the latest member of the AAK Sustainability Partner Program.
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Parfums Christian Dior names Claudia Marcocci new Brand General Director
Parfums Chrisitan Dior has announced the appointment of Claudia Marcocci as its new Brand General Manager, according to a report by WWD.com.
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Croda profit hit by Chinese trade war, change in Chinese sales laws, Coronavirus
Croda has reported a drop in annual profit, put down to the ongoing trade war between the U.S. and Beijing, as well as a change in Chinese trade laws and the ongoing threat of the Coronavirus.
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Tesco is first UK supermarket to sell band aids in different skin tones
Tesco has become the first UK supermarket to offer band aids in a range of different skin tones, according to a report published by the BBC.
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BolognaFiere Cosmoprof postpones Cosmoprof Worldwide as coronavirus sweeps across Italy
BolognaFiere Cosmoprof has announced that the 2020 edition of its Cosmoprof Worldwide Bologna show will be postponed.
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