Emmanual Goulin appointed CEO of L’Oréal Italian business
L’Oréal has appointed Emmanual Goulin as the new Chief Executive Officer of its Italian business, effective 1st July, according to Nasdaq.
Boots bid deadline extended
Walgreens Boots Alliance has extended the deadline for bidders to submit their final offer for its UK pharmacy chain, Boots, according to a report published by Bloomberg.
Zara cans free returns for online shoppers
Zara has ushered in a charge for returning goods bought via its website, according to a report published by the BBC. The fast fashion retailer will levy a £1.95 fee for returned items, with the cost deducted from refunds.
Could real-time price tags be the future for crypto payments after slump?
A London fashion store has adopted real-time price tags, recalculated every 10 minutes, in order to accept payment in crypto currencies, according to a video report posted by Reuters.
EQT postpones Galderma IPO
EQT has pushed back the planned IPO of its skin care line, Galderma, over fears of recession and market volatility, according to a report published by Reuters.
The Body Shop establishes a Youth Collective to advise its Executive Leadership team
The Body Shop has established a Youth Collective, which comprises 12 young people who will advise the company’s executive leadership team.
Russia publishes list of ‘parallel imports’
With several western brands eschewing the Russian market in the wake of the country’s invasion of Ukraine, the government has been seeking out a workaround to shield shoppers from its increasing isolation, according to a report published by Reuters.
Wella acquires ethical hair care brand, Briogeo
Wella Company has announced that it has reached a definitive agreement to acquire Briogeo. Terms of the deal have not been disclosed.
Dr Barbara Sturm eyes Gen Z market with launch of microbiotic range
Dr Barbara Sturm is set to launch a skin care range designed to hook shoppers aged 12 to 25 years with microbiotic formulas to prevent hormonal break outs, according to a report published by Vogue Business.
Henkel Q1 2022: group sales up 7.1 percent despite beauty’s lackluster performance
Henkel has reported its results for the first quarter of fiscal 2022. The German manufacturer of Schwarzkopf saw group sales rise a respectable 7.1 percent to €5.3 billion versus the same three-month period a year ago.
Nivea Men raises awareness of mental health crisis for young boys in its debut campaign with Digitas
Beiersdorf-owned Nivea Men has raised awareness about the mental health crisis with young men in its debut campaign with Digitas, according to the Drum.
Unilever promotes Samir Singh to Chief Marketing Officer role, personal care
Unilever has announced the promotion of Samir Singh to the role of Chief Marketing Officer, Personal Care.
L’Oréal retains title as world’s most valuable brand; Estée Lauder and Natura remain strong on Brand Finance Cosmetics 50 report
L’Oréal has retained its title as the world’s most valuable brand, topping the Brand Finance Cosmetics 50 report.
Research by Unilever, IBM Research and Science and Technology Facilities Council show vitamin B3 can help boost natural skin defences
New research by Unilever, IBM Research and the Science and Technology Facilities Council (STFC) show that vitamin B3 can help boost the skin’s natural defences against skin conditions.
Beiersdorf Supervisory Board appoints Nicola Lafrentz
The Beiersdorf Supervisory Board has appointed Nicola Lafrentz to the Executive Board, succeeding Zhengrong Liu as Chief Human Resources Officer following a transition phase.
Coty to pull out of Russia
Coty has announced that it is calling time on its Russian operations, almost three months after the country invaded Ukraine, according to a report published by Reuters.
UK Government to tweak Cosmetics Products Regulation
The UK Government has announced that it is planning to update the technical annexes to Regulation (EC) No 1223/2009 on Cosmetics Products in order to either prohibit the use of specific chemicals or reduce the permitted level.
European Commission publishes Restrictions Roadmap
The European Commission has published a Restrictions Roadmap, detailing all ongoing work on future restrictions under the EU chemical legislation.
Final call: UK FSA to close CBD public list on May 26
The UK Food Standards Authority (FSA) has given businesses until May 26, 2022 to submit evidence that their products are linked to a credible application and were on the market before February, 2020.
Sederma to launch consumer website dedicated to Matrixyl
Sederma has announced the launch of a website dedicated to Matrixyl. The site is designed to help consumers, individuals and professionals discover the ingredient and its wrinkle-busting powers.
Unilever Q1 2022: sales rise 7.3 percent as prices soar
Unilever has announced its results for the first quarter of fiscal 2022. The manufacturer of Dove reported underlying sales growth of 7.3 percent, with 8.3 percent from price and volume down 1 percent. All divisions grew strongly, the UK-based FMCG manufacturer said. Turnover increased 11.8 percent to €13.8 billion.
Oriflame impacted by Russia’s Ukraine invasion as Poland gas supply interrupted
Oriflame is being hit by the repercussions of Russia’s invasion of Ukraine, with Russia cutting of gas to Poland, said to have a large impact on cashflow generation, according to IFR.com.
On the up: Symrise reports Q1 sales rise of 14.9 percent, confirms FY target
Symrise has reported a Q1 sales rise of 14.9 percent to €1.09 billion, up from 949.6 million euros in the prior year, according to Nasdaq.
Charlotte Tilbury Beauty announces three-year partnership to support The Prince’s Trust Enterprise Programme
Charlotte Tilbury Beauty has announced a three-year partnership with The Prince’s Trust to to provide significant funding to create a multi layered programme of support for The Prince’s Trust Enterprise Programme.
Reliance Industries and Apollo to partner on joint bid for Boots says sources
U.S. buyout firm Apollo Global and India’s second-richest man Mukesh Ambani’s Reliance Industries firm are said to be joining forces to place a bid for Boots, according to the Financial Times.
Premium fashion website Net-a-Porter joins forces with online fine art platform AP8
Net-a-Porter is dipping its toe in the fine art world via a partnership with online platform AP8, with art being sold via Net’s homeware category beginning 2nd May, according to WWD.com.
L’Oréal celebrates 25 years as official partner of the Festival de Cannes; reinforces commitment to supporting women who make cinema
L’Oréal has celebrated 25 years as the official partner of Festival de Cannes, returning to the festival to reaffirm its commitment to supporting women who make cinema.
Lancôme cuts ribbon on biodiverse rose farm
L’Oréal-owned Lancôme has inaugurated Le Domaine de la Rose, an ecological horticultural site. Spanning 9.8 acres, the site is designed to cultivate roses and perfume plants for the brand using sustainable, traceable, organic methods.
LVMH Beauty teams up with Origin Materials to develop sustainable packaging
LVMH Beauty has announced a strategic partnership with Origin Materials to develop low-carbon footprint packaging for the perfume and cosmetics industry.
L’Oréal launches Circular Innovation Fund
To mark Earth Day, L’Oréal announced the creation of a €150 million Circular Innovation Fund. As an anchor investor, the French beauty giant is contributing €50 million to this fund as part of its sustainability program.
Kering Founder set to buy Deezer via I2PO
Kering Founder, Francois Pinault has struck a deal to acquire Deezer for an enterprise value of €1.075 billion, according to a report published by Bloomberg.
Spanish police destroy CBD plantation
Spanish police have razed some 415,000 hemp plants, valued at €100 million, according to a report published by Reuters.
Inter Parfums’ to let Dunhill fragrance license expire
Inter Parfums has announced that its Dunhill fragrance license will expire at the end of September this year, and will not be renewed.
Luxury division drives L’Oréal Q1 sales rise
L’Oréal has reported a 19 percent rise in sales to 9.06 billion euros (US $9.8 billion) in Q1, driven by strong sales for its Luxe division.
Lush opens 24-hour automated shopping experience
Lush has opened its first 24-hour, automated retail experience in the Coal Drops Yard at King’s Cross, London.
Boots bans all plastic wipes as it moves to eliminate unnecessary plastic
Boots has written to its suppliers across the UK and the Republic of Ireland to remove all wet wipes that contain plastic fibres from its shelves and boots.com by the end of 2022.
Cult Beauty co-founder Alexia Inge resigns amidst fresh blow for beleaguered THG
Cult Beauty – owned by THG – co-founder Alexia Inge has resigned from the company, having emailed staff to say that she was ‘exhausted to the bone,’ …
Beiersdorf halts investments in Russia; will sell basic products to serve essential consumer needs
Beiersdorf has halted investments in marketing and promoting in Russia in response to the invasion of the Ukraine, however, will continue its business in the country due to the products service essential consumers needs, according to Chief Executive Vincent Warnery.
Shiseido UK suffers data breach, exposing personal details of hundreds of current and former employees
Shiseido UK is reported to have fallen victim to a data break involving personal details of hundreds of current and former employees.
Symrise places €750 million ESG-linked promissory loan notes
Symrise has successfully completed its first Environment, Social, Governance (ESG)-linked promissory loan notes transaction, secured at €750 million.
Reckitt initiates transfer of Russian business
Reckitt has announced that it has begun a process aimed at transferring ownership of its Russian business which may include a transfer to a third party or to local employees.
Givaudan says prices will keep on rising
Givaudan said that it will continue to implement price increases in collaboration with its customers to fully compensate for the increase in input costs it is experiencing this year. The flavors and fragrances manufacturer branded its performance in the first three months of the financial year ‘a good start’.
Beiersdorf Q1 2022: provisional figures show sales growth above expectations
Beiersdorf said that it has started fiscal 2022 ‘well’, with provisional figures indicating that the German manufacturer of Nivea’s sales increased substantially by 10.3 percent in the first three months of the financial year.
L’Occitane keeps Russian stores open
L’Occitane is resisting pressure to close its Russian stores, maintaining that it is protecting ‘staff from potential retaliation’, according to a report published by the BBC.
Unilever digital chief calls on advertising industry to tread carefully in Web3
Unilever Chief Digital & Commercial Officer and WFA Deputy President, Conny Braams has called for collective action from regulators, governments, advertisers, tech companies and people to create a truly decentralised, safe and trusted environment online that puts people first in the next iteration of the web.
Treatwell launches Treatwell Pro in the UK
Treatwell has launched a new SaaS system in the UK, which will include free SMS reminders to avoid no-shows and the integration of Reserve With Google, Facebook, Instagram and Apple Maps to boost salons’ online visibility.
Charlotte Tilbury debuts Charlotte’s 3D volumetric avatar
Charlotte Tilbury is claiming to break new ground in the beauty industry as the first brand to launch a 3D volumetric avatar – in this case of the make-up line’s eponymous founder.
LVMH reports ‘good start to the year’ despite China lockdowns
LVMH has reported a ‘good start’ to the year despite COVID-19 lockdowns in China, with the luxury group achieving recorded revenue of 14 billion euros for the first quarter of 2021, up 32 percent compared to the same period in 2020 and up 30 percent on an organic basis.
Walgreens could lose billions on Boots sale as previous potential buyers CVC and Bain lower valuation of the company
Walgreens may be set to lose billions in the sale of Boots as previous suitors CVC and Bailn suggest a valuation of £4 billion, a huge drop from the £7 billion price tag it was hoping to command.
Greenrise acquires majority stake in CannaCare Health
Greenrise Global Brands has announced the acquisition of a 51 percent interest in CannaCare Health from its Co-founders, Frank Otto and the Oplesch family.
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