Spanish Amazon workers encouraged to strike on cyber Monday
Spain’s CCOO union, which represents warehouse and delivery workers, is calling on Amazon staff to stage a one-hour protest per shift on November 27, 2023 – otherwise known as cyber Monday.
L’Oreal prices €1.5 billion dual tranche bond
L’Oreal has announced that it has priced a public bond offering for €1.5 billion. The offering comprises two tranches: a €800 million, three-year fixed rate bond paying 3.375 percent per annum; and a €700 million, six-year fixed rate bond paying 3.375 percent per annum.
Tesco unveils huge beauty drop online
Tesco is following in the footsteps of the likes of Amazon and upping its beauty game. The UK-based supermarket has added some 300 beauty products to its website, from well known brands such as Rimmel and Sally Hansen.
Walgreens Pays to Offload Boots Pension
Walgreens is set to pay £1 billion to offload the Boots pension scheme, a move reported by The Sunday Times
Haut.AI Secures Funding for AI-Driven Skincare
Haut.AI, a European company at the forefront of generative AI in the beauty and skincare industry, has raised €2 million in seed funding from LongeVC and the venture capital arm of Grupo Boticário shareholders.
Reckitt Benckiser Chair to retire; successor announced
Reckitt Benckiser has announced that Chris Sinclair will retire as Chair and step down from the board, having completed full 9-year term next year following the AGM in May. Sir Jeremy Darroch has been named as his successor.
Natura &Co agrees to sell The Body Shop to Aurelius
Natura &Co has announced that it has agree to sell The Body Shop to private equity firm, Aurelius for an enterprise value of £207 million – a far cry from the £880 million purchase price the Brazilian firm is rumored to have paid L’Oreal in 2017.
The end of Avon calling? Direct sales brand moves to Bricks and Mortar
Avon has announced an ‘exciting new chapter’ in its 137-year history. The Natura &Co-owned direct sales brand is set to open a series of bricks and mortar stores in the UK, Brazil and South Africa.
Decree closes financing round led by Natalia Vodianova
Decree has announced the completion of a financing round led by Natalia Vodianova, Timon Afinsky and Harry Blain. Vodianova will also take a seat on the Board of the doctor-led skin care brand.
Zegna signs licensing agreement with Give Back Beauty
Zegna has announced a long-term licensing agreement with Give Back Beauty covering the creation, production, marketing and distribution of fragrances and cosmetic products under the designer label.
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