Coronavirus continues to bite as UK retailers John Lewis and Boots announce 5,300 job Cuts
UK retailers John Lewis and Boots have announced 5,300 job cuts as the retail sector continues to feel the bite of the COVID-19 pandemic, according to a report by BBC.
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Beiersdorf and Werner Mertz collaborate on cosmetic packaging innovation project; supported by Fraunhofer
Personal care giant Beiersdorf has teamed up with Werner Mertz and the Fraunhofer Institute for Process Engineering and Packaging (IVV), to develop a standard for the use of mechanically recycled waste plastic, which is obtained from the German ‘Grüner Punkt’ waste collection system, for cosmetics packaging.
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Beiersdorf feels impact of COVID-19 as it reports first-half sales fall of 10.7%
Beiersdorf has announced a first-half sales fall of 10.7 percent, according to a report by Reuters, with the fall put down to both its consumer and adhesives unit being hit by fallout of the COVID-19 pandemic.
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Gucci Beauty’s newest face Ellie Goldstein highlights need for better representation of disabilities in the media
Gucci Beauty has announced model Ellie Goldstein as its newest face, with the star, who has down’s syndrome, stating that it’s time for more models with disabilities to be recognised.
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Inter Parfums to acquire a 25 percent stake in Origines-parfums e-commerce platform
Inter Parfums (IPSA) has announced that it has signed a deal with Divabox to acquire a 25 percent stake in the owner of the Origines-parfums e-commerce platform. Terms of the deal were not disclosed.
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Eucerin axes product leaflets and commits to ambitious sustainability targets
Beiersdorf-owned Eucerin has announced a significant expansion of its commitment to sustainability, as part of the German manufacturer’s wider CARE BEYOND SKIN sustainability agenda, which was launched at the start of 2020.
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Lidl apes The Body Shop with The Pure Olive Collection
Lidl has announced the launch of a new olive oil-based beauty line that is a close copy of a similar range sold by The Body Shop, according to a report published by The Sun.
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Sustainable finance first: Henkel concludes a plastic waste reduction bond
Henkel has taken a further step in combining attractive corporate financing instruments with progress in sustainability becoming the first company globally to conclude a plastic waste reduction bond with a total volume of US$70 million and a maturity of 5 years.
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Khiron teams up with Red Yellow Red to bring its CBD range to Spain
Khiron Life Sciences has announced that it has signed a distribution deal with leading EU distributor, Red Yellow Red, to stock its Kuida skin and body care range through four major multinational health and beauty retail groups across Spain.
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Hema to be taken over by noteholders
Netherlands-based high street chain Hema is set to be taken over by its senior secured noteholders, according to a report published by Reuters.
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Garnier goes green: L’Oréal-owned brand announces ambitious sustainability plan
Garnier has announced the launch of a green beauty initiative that will see the brand produce all of its products with zero virgin plastic, use only reusable, recyclable or compostable packaging and ensure all industrial sites are carbon neutral.
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L’Occitane announces improved FY2020 net sales growth despite COVID-19 impact
THE WHAT? French beauty brand L’Occitane has announced a FY2020 net sales growth of 15.2 percent at reported rates and an operating profit rise of 24.2 percent to €187.3 million, despite the ongoing impact caused by COVID-19. THE DETAILS The company...
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Victoria’s Secret: Is British retailer Marks and Spencer set to snap up the ailing brand?
British retailer Marks and Spencer is said to be eyeing the acquisition of troubled brand Victoria’s Secret, according to a report by the Financial Times.
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L’Oréal to propose new CEO candidate by Autumn, says Agon
L’Oréal’s current CEO and Chairman Jean-Paul Agon has said that he expects the group’s nomination committee to have announced a new candidate to succeed him by this Autumn, according to a report by Reuters.
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Unilever and Henkel to boycott Facebook over hate speech concerns
Unilever and Henkel have announced that they will cancel advertising across Facebook in support of the Stop Hate for Profit campaign, according to a series of reports published by Reuters.
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INEOS to acquire BP’s global aromatics & acetyls business
INEOS has announced its intention to acquire BP’s global Aromatics and Acetyls business for US$5 billion.
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Now L’Oréal to drop ‘whitening’ from products
L’Oréal has followed in the footsteps of the likes of Johnson & Johnson and Unilever, pledging to address the troubling connotations of products that purport to lighten or whiten skin, according to a report published by Reuters.
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The Hut Group ups fundraising efforts in advance of possible IPO
The Hut Group has ramped up its fundraising efforts as it mulls a possible flotation, according to a report published by Sky News.
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They’ll be back: L’Oréal says business is on the rebound
L’Oréal CEO jean-Paul Agon has revealed that shoppers have returned in their droves as lockdown is lifted across Asia and Europe, according to a report published by Reuters.
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Sephora launches Instagram checkout for 80 brands
Sephora has announced a new digital collaboration with Instagram. The LVMH-owned beauty retailer and social media platform will build a seamless shopping experience for Sephora’s 20 million followers with a digital storefront and secure checkout enabled in feeds and stories.
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The choice is yours: L’Oréal publishes 2030 sustainability targets and helps consumers sift through sustainability measures
L’Oréal has unveiled its new sustainability program, labelled ‘L’Oréal for the future’. The French beauty giant said it is ‘accelerating its transformation towards a model respecting planetary boundaries’ and reinforcing its commitments to both sustainability and inclusion.
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Solvay warns of non-cash impairment of €1.5 billion
Solvay has released a trading update for the second quarter of the current financial year, warning that ‘market headwinds increased sharply’ over the three-month period, leading to a 20 percent drop in group sales across April and May versus 2019 levels.
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THG Ingenuity signs beauty partnerships worth more than £100 million
The Hut Group’s tech arm, THG Ingenuity, has announced that it has signed a series of major partnership agreements with global beauty brands, including PZ Cussons, Burt’s Bees, Nuxe, By Terry and Elemis, valued at more than £100 million.
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Christian Dior to stage Cruise 2021 Show live with no audience
Christian Dior has announced it will be going full steam ahead with its Cruise 2021 Show, set to take place at the Piazza del Duomo in Lecce, Italy, on July 22nd. However, while there will be no audience, the show will be live streamed online.
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Beiersdorf commits to new ‘science based’ climate targets for 2025; achieves SBTi endorsement
Beiersdorf has announced its new Science Based Targets initiative for 2025, in a bid to help contribute to limit global warming to 1.5c.
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We’ll reach net zero by 2039: Unilever to invest €1 billion in Climate & Nature Fund
Unilever has set out a new range of measures and commitments designed to improve the health of the planet, including a €1 billion investment in a Climate & Nature Fund as well as committing to achieving net zero emissions for all products by 2039, 11 years before the 2050 Paris Agreement deadline.
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Shiseido EMEA announces key management appointments
Shiseido has announced key managerial changes, with Yaël Tuil appointed as the newly created position of VP Global Fragrance Business Excellence for Shiseido EMEA (Europe, Middle East and Africa), while Audrey Briotet has been announced as the new VP Global Fragrance Brands.
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NARS teams up with Spotify on voice-activated ad campaign
Nars has teamed up with music service Spotify on a voice-activated advertising campaign that allows consumers to order cosmetic samples via smart speakers such as Alexa and Google Assistant, according to a report by AdWeek.
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Social media #VogueChallenge goes viral – promotes diversity in fashion
A new trend has gathered momentum online with consumers flocking to social media to re-create Vogue covers in the #VogueChallenge, in a bid to promote diversity in the fashion industry, according to a report by CNN.
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Interparfums signs licensing agreement for first Moncler fragrance
Perfume creator Interparfums has signed an exclusive and worldwide license agreement with Moncler.
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Half of our sales will be digital thanks to lockdown, says L’Oréal CDO
L’Oréal’s Chief Digital Officer Lubomira Rochet has revealed that lockdowns around the globe have accelerated the shift to digital and could have fundamentally changed the way consumers shop for beauty forever, according to a report published by the Financial Times.
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Irish salons: we need PPE to prepare for early reopening
The Irish Spa Association has called on the government to help salons and spas source adequate PPE should the date for reopening be bought forward, according to a report published by The Times.
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Unilever ditches dual-headed legal structure in favor of single entity based in London
Unilever has announced that it plans to unify its group legal structure under a single parent company, Unilever PLC, creating a simpler company with greater strategic flexibility that is ‘better positioned for future success’.
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Unilever renews strategic partnership with Ellen MacArthur Foundation
Unilever has renewed its strategic partnership with the Ellen MacArthur Foundation for a further three years.
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The Body Shop launches first 100% vegan bronzing range Coconut Bronze
The Body Shop has announced the launch of its first 100% vegan bronzing range, Coconut Bronze, capitalizing on the growing trend for animal-free products, according to Vegan Food and Living.
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Munroe Bergdorf makes amends with L’Oréal following race row; re-joins company on diversity board
L’Oréal has rehired Munroe Bergdorf to sit on its diversity board, three years after sacking the black transgender model for speaking out about racism.
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London’s Covent Garden to reopen next week
London’s Covent Garden district is set to reopen to shoppers next Monday, June 15, according to a press release issued by the retail and dining destination.
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Puig snaps up majority stake in Charlotte Tilbury
Puig has announced a partnership with British make-up brand Charlotte Tilbury. The Spanish fragrance manufacturer will acquire a majority stake in Charlotte Tilbury, with eponymous founder retaining a ‘significant’ minority stake.
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BASF named as biggest beneficiary of Bank of England loan scheme
BASF is set to borrow £1 billion from the Bank of England under its emergency coronavirus loan scheme, making the German chemicals firm the biggest beneficiary of the government-backed fund, according to a report published by The Guardian.
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LVMH Tiffany deal in doubt as U.S. market deteriorates
LVMH’s purchase of Tiffany & Co is said to be in doubt, with LVMH board members thought to have recently held a meeting regarding the matter, according to a report by WWD.com.
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CODE8 announces Alexa Chung as first brand ambassador
London-based luxury make-up brand CODE8 has announced British model Alexa Chung as its first Brand Ambassador.
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L’Occitane appoints Anomaly Global Agency of Record
L’Occitane has bought on Anomaly as its agency of record, according to a report published by Ad Week, thereby ending its relationship with DDB Paris.
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Givaudan snaps up bio-tech expert Alderys
Givaudan has announced that it is to acquire French biotech company Alderys. Terms of the deal were not disclosed but Alderys’ business would have represented €3 million of incremental revenues to Givaudan’s results in 2019 on a pro forma basis.
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Walgreens Boots Alliance announces first ever digital skincare launch for ‘next generation’ No7 product
Walgreens Boots Alliance (WBA) has announced its first ever digital skincare launch for the ‘next generation’ product, the No7 Advanced Retinol 1.5% Complex Night Concentrate.
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Fashion organization Reference Festival is set to host the world’s first Animal Crossing fashion show, with avatars dressed up in clothes inspired by the likes of Prada, Loewe and GmbH.
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Gucci goes ‘seasonless’ and slashes annual shows down to two in the wake of COVID-19
Gucci has announced it is to become ‘seasonless’ in the wake of the coronavirus pandemic and will streamline its annual shows down from five to two.
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Crayola partners with MOB Beauty CEO to inform skin color crayon range
Crayola called on the expertise of a former MAC chemist to help put together a collection of crayons designed to promote diversity.
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Dzintars’ creditors claim €16.96 million
Creditors of bankrupt firm Dzintars have submitted claims for some €16.96 million, according to a report published by Baltic News Network.
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Group Arnault acquires minority stake in Lagardère SCA
Bernaud Arnault has acquired a minority stake in publishing and retail group Lagardère SCA through his Group Arnault holding, according to a report by WWD.com.
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Kylie Skin launches in Europe in exclusive Douglas partnership
Kylie Skin has launched onto the European market today in an exclusive partnership with beauty retailer Douglas.
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