Unilever to partner with Universities of Liverpool and Oxford to reduce carbon footprint of personal care products
UK Business Secretary Kwasi Kwarteng has announced nine innovative business-led research partnerships to develop new technologies, backed with more than £75 million in joint investment from government, business and academia.
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Beiersdorf Q1: sales up 6.3 percent thanks to tesa boom
Beiersdorf has reported its results for the first quarter of fiscal 2021. The German manufacturer of Nivea saw organic sales grow 6.3 percent, beating expectations, courtesy of an impressive 23.6 percent sales growth of its tesa business unit.
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It’s on us: Dove incentivises other brands to make diverse ads by picking up the tab for models
Dove is offering to pay its models to appear in advertisements for other brands in a bid to encourage more inclusive marketing.
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Maybelline names K-pop’s ITZY as global spokesmodels
L’Oréal-owned Maybelline New York has announced K-pop band ITZY as its newest global spokesmodels and the first-ever musical group to be signed by the brand.
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Revolution launches global hunt for the next big TikTok name
Makeup Revolution and TikTok have joined forces to launch a global hunt to find the best beauty creators on the social media platform.
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Reckitt expands gender pay gap reporting
Reckitt has published its most comprehensive gender pay report to date, providing data for 10 of its major markets equating to 70 percent of its employees worldwide.
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Henkel: we expect ‘very strong’ sales growth in Q1 2021
Henkel has announced that it expects a strong start into fiscal 2021 with organic sales growth of around 7 percent, significantly above market expectations of 3.5 percent.
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Unilever HQ gets council greenlight
Unilever’s proposed new headquarters is one step closer to fruition after plans were given the go-ahead by the Royal London borough of Kingston upon Thames, according to a report published by City AM.
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Drew Barrymore enters publishing space with new lifestyle magazine launch
Actress Drew Barrymore is set to launch a new lifestyle magazine with Bauer Media Group, with the first issue being published in June 2021, according to a report by WWD.com.
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DSM acquires flavour & fragrance business from Amyris
DSM has acquired the flavors and fragrance portfolio from health and beauty biotech company Amyris.
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Elemis strengthens leadership team; promotes Marc Gallagher to Chief Brand and Digital Officer
Elemis has announced key changes to its leadership team, having promoted former SVP Global Brand and Digital Marc Gallagher to Chief Brand and Digital Officer.
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UK government called to introduce Arrivals duty free shops at British airports
A group of more than 60 MPs and peers are calling on the UK government to introduce Arrivals duty free shops in British airports, international rail and ferry terminals, according to Airport World.
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L’Oréal invests in environmental tech start-up Gjosa
L’Oréal has announced that it has made a minority investment in Swiss environmental tech start-up Gjosa via its corporate venture capital fund, BOLD (Business Opportunities for L’Oréal Development).
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Unilever forms JV with Seri Industrial
Seri Industrial subsidiary, Seri Plast has announced that it has formed a Joint Venture with Unilever.
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French circular beauty supplier Hub.cycle raises €1.5 million in Series A round
French by product beauty supplier Hub.cycle has raised €1.5 million in a Series A funding round led by Daphni, according to a report published by WWD.
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Reckitt Benckiser has announced that it has rebranded as Reckitt. The redevelopment of the corporate identity was hailed as a key milestone in the company’s ongoing journey of transformation towards sustainable growth.
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Lancôme launches global sustainability program
Lancôme has launched its first global sustainability program, named Caring Together for a Happier Tomorrow, with a focus on biodiversity and social inclusion.
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Dior’s launches refillable alternative for Sauvage fragrance
Dior has launched a refillable alternative for its masculine Sauvage fragrance, according to a report by Unreserved Media.
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Cartier parent company shares rise following Kering merger rejection
hares in Cartier parent company Richemont have risen this week following reports it rejected a merger offer from luxury goods company Kering, according to a report by Miss Tweed.
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Smart Hemp poised to expand prior to IPO
Russian hemp cultivator, Smart Hemp, is set to embark on an aggressive expansion policy, expanding domestic production to at least 12 regions as demand grows, according to a report published by Reuters.
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Chanel launches Global Culture Fund
Chanel has announced the launch of a new fund designed to support ‘cultural innovators’. The global program will work with international museums and institutions to advance greater representation in culture and society.
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BASF invests in biotech start-up Bota Bio
BASF Venture Capital has announced that it has invested in Bota Biosciences. The Chinese industrial synthetic biotech firm is developing a proprietary next-gen biotech platform which enables sustainable and economical production of high-value products for a broad array of industrial applications.
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Flexible payment provider Clearpay launches in Southern Europe
Flexible payment provider Clearpay has launched into Southern Europe, and is now in merchants across Spain and France.
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Gin for your skin: Full Circle debuts new upcycled ingredient
Circular beauty ingredients supplier Full Circle has teamed up with zero waste brewer and distiller Adnams to launch a new plant-based ingredient for beauty and personal care applications made from gin distillery waste.
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CVC to offload AR Packaging?
CVC is said to be mulling the sale of AR Packaging Holdings, according to a report published by Bloomberg quoting sources ‘close to the matter’.
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Perfect Corp partners with Better Natured to launch virtual hair color try-on experience
Beauty tech provider Perfect Corp has teamed up with Henkel’s DTC hair color brand Better Natured to offer a virtual try-on experience.
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L’Oréal adopts Green Sciences approach to business
L’Oréal has announced that its adopting a ‘Green Sciences’ approach to business and has committed to a transformation of its Research & Innovation, while also stating that by 2030, 95 percent of its ingredients will be derived from renewable plant sources, abundant minerals, or circular processes.
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Siemens Energy is set to take Beiersdorf’s place in Germany’s DAX index, according to a report published by Reuters.
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L’Oréal-backed Slick raises £1.2 million in funding round
Salon software start-up, Slick has raised some £1.2 million in a funding round, according to a report published by This is Money.
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No more normal: Unilever unveils Positive Beauty mission
As part of a new Positive Beauty vision and strategy, Unilever has announced that it will eliminate the word ‘normal’ from all beauty and personal care brands’ packaging and advertising.
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LVMH tops European Stock Exchange as highest valued company
LVMH has seen its stock rise by some 65 percent over the last 10 months bringing its market value to €264.55 billion, placing it ahead of Nestle at €242 billion to become the European Stock Exchange’s highest valued company, according to a report published by Fibre2Fashion.com quoting research conducted by Finaria.
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P&G launches shampoo refills in UK
Procter & Gamble has launched its hotly anticipated refill system across the UK, according to a report published by Edie.net. The initiative, announced last October, will be rolled out across all its European markets by the year’s close.
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MEDIK8 receives investment from private equity firm Inflexion
Medik8 parent company Pangaea Laboratories has received investment from private equity firm Inflexion.
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L’Oreal-owned IT Cosmetics has launched its new campaign ‘Go For It’, in a bid to inspire women to live their daily lives with confidence.
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Augustinus Bader reformulates The Rich Cream as vegan
Augustinus Bader has reformulated its best-selling The Rich Cream, with the product now fully vegan, according to a report by WWD.com.
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Croda acquires French beauty ingredient supplier Alban Muller in €25m deal
British specialty chemicals company Croda has acquired French beauty ingredient supplier Alban Muller in a €25m deal.
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Solvay to cut 500 jobs despite Q4 sales rise
Solvay has reported its results for the final quarter and full year 2020. For the full year, sales were down 10 percent organically, despite signs of recovery in Q4, with net sales up 5 percent sequentially versus Q3 (-4.1 percent yoy).
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Douglas hails record online holiday sales
Douglas has announced that its e-commerce sales soared more than 74 percent in the first quarter of fiscal 2020/1. The three months ended December 31 saw group sales hit €1.2 billion despite a hard lockdown in its core markets in the run up to Christmas, down 7.1 percent on the prior year.
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Bottega Veneta eschews social media; deletes Weibo and disables Instagram presence
Bottega Veneta is taking a step back from social, according to a report published by Bloomberg. The luxury leather goods brand has wiped its Weibo account, says Bloomberg, just a month after it disabled its Instagram feed.
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Eucerin launches first medical sunscreen with SPF100
Beiersdorf-owned Eucerin is expanding its sun protection portfolio with a brand-first – a medical sunscreen said to help prevent actinic keratosis and non-melanoma skin cancer.
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Pandemic power; Reckitt Benckiser reports best ever growth thanks to disinfectant surge
Reckitt Benckiser (RB) has announced a sales rise of 11.8 percent last year the strongest in its history, thanks to the increased demand for disinfectant in the wake of COVID-19, according to a report by the Financial Times.
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Resale service Reflaunt raises $2.7 million in pre-series A funding round
Resale platform Reflaunt has raised $2.7 million in a pre-series A funding round from luxury investors, led by SLS Journey, the investment arm of luxury fashion distributor MadaLuxe Group.
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L’Oréal launches Modiface virtual try-on tool for Essie brand
L’Oréal has utilized AR reality developer Modiface to launch a new virtual try-on tool for its Essie nail brand, named Essie On Hand.
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IFF appoints Dirk Lauvsen as Master Perfumer
Flavors and fragrance company IFF has named Dirk Lauvsen as Master Perfumer.
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Chanel debuts Lipscanner app to help shoppers match a shade
Chanel has launched an app designed to help shoppers find a lipstick to match any given shade. Whether they spot their perfect color on a poster, in a magazine or on a friend, they can use the AI-powered application to identify the nearest match from Chanel’s range.
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L’Oréal Paris names Nidhi Sunil Global Ambassador
L’Oréal Paris has announced the appointment of Indian model and actor, Nidhi Sunil, as International Spokesperson.
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Hermes sees sales soar 16 percent in Q4 thanks to strong Chinese demand
Hermes has beaten expectations to deliver sales growth of 16 percent in the final quarter of fiscal 2020, bringing consolidated revenue to €6,389 million for the year, a decrease of 6 percent at constant exchange rates.
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Westminster Council unveils regeneration plans for London’s Oxford Street
A central London local authority has unveiled plans to reboot one of the capital’s most popular shopping districts. Westminster City Council’s Oxford Street District framework promises to help the nation’s favourite high street bounce back after the pandemic stripped it of some of its most prized stores and reduced visitor numbers to virtually nil.
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Beiersdorf goes digital with launch of personalised skin care concept O.W.N
Beiersdorf has announced the launch of its new digital-first personalised skincare brand, named O.W.N.
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LVMH Chief Bernard Arnault teams up with ex-UniCredit CEO Jean Pierre Mustier to form SPAC for financial deals
LVMH head Bernard Arnault is teaming up with former UniCredit CEO Jean Pierre Mustier to launch a special purpose acquisition company (SPAC) in order to invest in European financial companies.
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