Unilever has announced it is to simplify its organisation, to make a more category focused business, which result in thousands of job losses worldwide.
L’Occitane FY2022 Q3 sales grew 13.5 percent at reported rates and 9.5 percent at constant rates, bolstered by a strong holiday season.
THG saw some 20 percent shaved off its share price on Monday as the market continued to shy away from investing in ‘hyped’ technology firms, according to a report published by the Financial Times.
French President Emmanuel Macron has emphasized the importance of the French fashion industry to the country’s economy, according to a report published by Reuters.
L’Oréal and Verily have announced a strategic partnership, exclusive in beauty, to advance skin health.
Private equity firm Ardian has snapped up a majority stake in Italy’s Biofarma from White Bridge Investments.
Spectrum Brands Holdings and Manchester United have extended their global partnership, which will see Spectrum’s Remington brand continue as the soccer club’s Electrical Styling Partner.
Unilever-owned Ren Clean Skincare has named Michelle Brett as Chief Executive Officer, WWD reports. Brett replaces Arnaud Meysselle who has left the company to take up the role as CEO of toy company Jellycat, according to his LinkedIn profile.
London-based esports brand Fnatic has announced a partnership with L’Oréal Men Expert. As part of the deal, the duo will develop and deploy engaging and creative content as well as co-branded product activations.
Unilever has responded to rumors swirling around a potential purchase of GSK’s Consumer Healthcare unit. The UK-based FMCG giant confirmed that it has approached GSK and Pfizer about a potential acquisition of the business.