Unilever is said to be reviving a plan to auction off its non-core personal care brands. The portfolio, which includes Timotei, St Ives and Impulse is known as Elida Beauty and generated US$760 million in revenue last year.
Inter Parfums has announced that it has elected Gerard Kappauf to its Board of Directors. The company has also announced the retirement of Michel Dyens and Parick Choel, bringing the total number of board members to nine.
L’Oreal has announced its official sponsorship of the Orient Express Racing Team, the French challenger for the 37th America’s Cup sailing competition.
Warpaint has achieved record first half sales of £36.7 million in the six months to June 30, 2023. The London-based color cosmetics supplier reported a 46 percent rise yoy, with UK revenue up 28 percent and international revenue climbing 58 percent versus the prior-year period.
L’Oréal has announced a number of important moves within its executive committee. Fabrice Megarbane will take on the Chief Global Growth Officer role following the retirement of Frederic Roze, while Vincent Boinay will step into Megarbane’s shoes as President of the North Asia Zone and CEO for L’Oréal China.
The owner of Barnes & Noble and Waterstones, Elliott Advisors is said to have submitted a bid for Natura &Co’s The Body Shop.
The Perfume Shop has successfully secured certification as a Top Employer from the Top Employers Institute.
Puig, a leading Spanish cosmetics conglomerate, is reportedly in discussions with investment giants Goldman Sachs and JPMorgan, seeking advice on a potential stock market debut.
THG witnessed a significant drop in its share value, with a decline of up to 20% last week, following the company’s decision to lower its annual sales projection due to challenges like rising inflation and underwhelming performance in its beauty segment.
L’Oréal has launched a EUR15 million Climate Emergency Fund. This initiative aims to bolster vulnerable communities’ resilience against climate disasters.