H&M Q2 sales up 62 percent YOY; failed to reach pre-pandemic heights
Fashion and beauty retailer H&M has seen Q2 sales rise 62 percent between March and May, citing the easing of pandemic restrictions in many markets and the increased online demand, according to a report by Reuters.
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Chanel revenue down 18 percent year on year; invests record capital in long-term value
Chanel has reported revenue of US$10.1 billion, down 18 percent year on year compared to 2019, citing a ‘highly disrupted environment’ that led to the closure of its boutique and manufacture network, and the suspension of international travel.
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Unilever to scale up refillable packaging trials across the UK
Unilever is expanding its refillable packaging trials across the UK, which will include the first ‘return on the go’ refill trial at Asda and Co-op stores.
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Unilever snaps up digital-led skin care brand Paula’s Choice
Unilever has signed an agreement to acquire DTC skin care brand Paula’s Choice from TA Associates.
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Henkel closes sale of deodorant brands to Thriving Brands
Henkel has closed the sale of two deodorant brands, Right Guard and Dry Idea to Thriving Brands, effective immediately.
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Zara owner reports May sales above 2019 levels as store traffic bounces back
Inditex has reported a sales increase of some 50 percent in 1Q21 to €4.9 billion versus the prior year quarter with May sales above 2019 levels, indicating that consumption has bounced back after the pandemic shuttered stores.
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Boots named as beauty partner to ITV’s Love Island
Boots has been named as the first official ‘feel good’ partner and exclusive beauty partner of ITV hit show Love Island.
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YSL Beauty re-commits to ecosystem restoration in Ourika Valley, Morocco
YSL Beauty has reconfirmed its commitment to regenerative agriculture and ecosystem restoration in the Ourika Valley, home of its Ourika Community Gardens in Morocco.
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Lush signs up to fashion retailer ASOS
Bath and body brand Lush has signed up to sell products on UK e-tail site, ASOS.com.
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Kate Winslet named as Global Ambassador for L’Oréal Paris
L’Oréal Paris has named Kate Winslet as Global Ambassador. The Mare of Easttown star joins a diverse roster of A-listers, including Eva Longoria, Viola Davis and Gemma Chan.
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Luxury with a heart: LVMH launches emergency fund for employees
LVMH is ramping up its CSR activity with the launch of an unprecedented fund aimed at supporting its staff across the globe. The LVMH Heart Fund is designed to help employees faced with a serious personal situation via emergency financial aid and dedicated social and psychological support.
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LVMH partners with Canopy to protect the world’s forests
LVMH has announced that it has partnered with Canopy to ensure that its paper, packaging and fabric supply chains are free of fiber from the world’s most vital forests and to support the development of Next Generation Solutions.
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Zalando thanks staff for pandemic performance with extra holiday
Zalando has gifted all staff an additional five days of paid annual leave in recognition of their hard work over the course of the pandemic, according to a report published by Reuters.
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Unilever’s Dove launches forest restoration project in fight against climate change
Unilever-owned brand Dove has announced the launch of its €8.5 million Forest Restoration Project, which is designed to protect and restore forests, protect the habitats of endangered species and improve the livelihoods of residents of North Sumatra.
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El Corte Inglés and L’Oréal roll out virtual mirror for try-before-you-buy online purchasing
El Corte Inglés and L’Oréal have rolled out a ‘virtual mirror’ to allow consumers to try on products online before purchasing.
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Malala Yousafzai unveiled as Vogue’s July cover girl
Malala Yousafzai has been unveiled as the July cover girl for Vogue magazine.
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LVMH launches share repurchase program
LVMH has released further details of its share repurchase program, approved at its OGM at the end of May.
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La Perla to relaunch into beauty space
La Perla is set to relaunch its beauty line, according to a report published by WWD. The Italian lingerie brand called time on its licensing deal with Revlon last year, having launched its own beauty subsidiary in 2019 and the fruits of its labor are poised to hit shelves this summer.
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Beiersdorf and Nussbaum to launch first 100 percent recycled aluminum aerosol can
Beiersdorf and Nussbaum are producing aerosol cans made entirely from recycled aluminum, which the duo plan to roll out to market by the end of 2021.
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The Body Shop to become fully vegan by 2023
Natura &Co’s The Body Shop has announced that its entire formulations portfolio will be certified by The Vegan Society by the end of 2023.
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Kering sells part of Puma stake for €805 million
Kering has announced the completion of the sale of part of its stake in Puma for €805 million. The owner of Gucci offloaded shares equivalent to 5.9 percent of the sportswear brand’s share capital.
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DSM repurchases shares as part of buy-back program
Royal DSM has repurchased 126,930 of its own shares in the period from 17 May 2021 up to and including 21 May 2021 at an average price of €148.27.
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Ever/Body med-spa raises $38 million in Series B funding
Med-spa Ever/Body has raised $38 million in a Series B funding round, led by Tiger Global Management, as consultations, botox and male clients all experience huge growth during the pandemic.
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Bernard Arnault tops world’s richest person list as LVMH sales buck pandemic downturn
LVMH CEO Bernard Arnault has this week topped the Forbes’ world’s richest person list, worth an estimated net $186.3 billion, according to a report by the Financial Times.
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LVMH backs Bella Hadid as she speaks up for Palestine
LVMH is said to be backing Bella Hadid following her activism in support of Palestine during the ongoing conflict with Israel, according to a report by Instagram watchdog account Diet Prada.
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BASF and Evonik join forces in supply chain blockchain project with Commerzbank
BASF and Evonik are taking part in a blockchain project in partnership with Commerzbank, testing blockchain programmable money for supply chain payments.
CLICK HEREGlass half full: Zalando debuts summer campaign, Activists of Optimism
Zalando has launched its new campaign, Activists of Optimism. After a year of global lockdowns and restrictions, the new marketing drive is aimed at celebrating positivity and spreading smiles.
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G7 poised to endorse 15 percent multinational tax
The G7 looks set to endorse a proposal to impose a global minimum tax on the world’s largest corporations, according to a report published by Reuters.
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Beiersdorf invests in bespoke skin care start-up Routinely
Beiersdorf’s venture capital unit, Oscar&Paul has invested in skin care start-up, Routinely.
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Unilever’s TRESemme gains PETA approval
TRESemme has been approved by PETA as ‘not tested on animals’. The hair care label is the 24th brand in Unilever’s portfolio to join the animal rights advocate’s Beauty without Bunnies list.
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Oatly Group raises US$1.4 billion via IPO
Oatly Group announced the pricing of its initial public offering on May 19, 2021, with trading commencing the following day. Some 84.376,000 American Depositary Shares were offered at US$17 a-piece.
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ASOS looks to diversity beyond fashion; eyes buyout of Cult Beauty or Feelunique
SOS is said to be among the interested parties in Cult Beauty and Feelunique as it looks to expand and diversify beyond fashion, according to Sky News
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Switzerland follows EU lead with E171 ban
Switzerland’s Federal Food Safety and Veterinary Office has announced a plan to ban the use of titanium dioxide in food products, according to a report published by Le News.
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Clarins signs up for responsible freight with Neoline
Clarins has signed a letter of commitment to maritime transport with Neoline, a new French shipowner pioneering a merchant fleet that uses sails as its main propulsion system.
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Boohoo earmarks 200 beauty brands ahead of Debenhams online relaunch this fall
Internet fashion giant Boohoo has lined up 200 cosmetic brands to showcase on the major relaunch of the beleaguered Debenhams online business this fall, according to a report by This is Money.
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Henkel raises guidance for fiscal 2021 as sales surge 7.7 percent in Q1
Henkel has hailed its first quarter of fiscal 2021 as ‘a very good start’ with organic sales growth of 7.7 percent (nominal +0.8 percent), for a total of €4,968 million, despite the continuing coronavirus crisis.
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Croda embarks on strategic review of PTIC unit
Croda has announced a strategic review of its Performance Technologies and Industrial Chemicals (PTIC) businesses.
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Unilever to buyback up to €3 billion of shares
Unilever has announced the commencement of its program to buy back shares with an aggregate market value of up to €3 billion, to be completed by the end of this year.
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Avon awarded Edison prize for skin care technology Protinol
Avon’s Protinol technology has been awarded silver in the advanced skin care category at the Edison Awards.
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Rimmel London names Adwoa Aboah as Global Activist for the brand
Coty-owned Rimmel London has announced the appointment of model and mental health advocate, Adwoa Aboah, as Global Brand Activist, fronting major campaigns and product launches throughout 2021 and beyond.
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Berlin Packaging acquires UK’s Raepak
Berlin Packaging has announced the acquisition of Raepak Limited for an undisclosed sum.
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L’Occitane reports accelerated Q4 growth; China becomes largest market
L’Occitane has reported a sales surge of 12.5 percent in Q4 2021, with sales in China up a huge 60 percent, making it the group’s largest international market.
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Degree creates inclusive deodorant for visually impaired and disabled consumers
Unilever-owned Degree Deodorant has launched its first ‘inclusive’ product, aimed at people with visual impairment and upper limb motor disabilities.
CLICK HEREUnilever supports South African Athlete Caster Semenya as part of Lux campaign
Unilever has thrown its support behind South African Athlete Caster Semenya, who was banned from defending her 800-metre gold medal at this year’s Olympic Games in Tokyo, as part of a campaign for its Lux brand.
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Seppic snaps up nutricosmetics business EPI France
Seppic has announced the acquisition of nutricosmetics ingredients supplier EPI France for an undisclosed sum.
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Zara debuts refillable make-up range
Zara-owned Inditex has announced the imminent launch of Zara Beauty, a full range of products for eyes, lips, face and nails.
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Unilever Q1 2021: sales up 5.7 percent but turnover flat
Unilever has announced its results for the first quarter of fiscal 2021. The UK-based FMCG giant saw sales increase 5.7 percent versus the same period in 2020, although turnover decreased 0.9 percent, attributed to a negative currency-related impact of 8 percent.
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Lagardere bows to activist investor pressure with concessions
Lagardere has announced a series of structural changes designed to appease activist investors ahead of the company’s AGM this week, according to a report published by Reuters.
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British Airways to discontinue Elemis spas
British Airways has made the closure of its in-lounge Elemis spas permanent, according to a report published by The Points Guy, quoting Turning Left for Less.
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Unilever acquires wellness and lifestyle company Onnit
Unilever has moved further into the wellness world with the acquisition of the holistic U.S. based Onnit.
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