Tiffany has announced it is to sue LVMH over the deliberate stalling of its takeover deal, worth $16bn, according to a report by the Financial Times.
LVMH North America has drafted in Corey Smith to boost diversity throughout the luxury goods group via the newly created role of Vice President of Diversity and Inclusion, according to a report published by WWD.
L’Oréal Paris Elvive has announced that it will deliver bottles that can not only be recycled but will be made from 100 percent recycled plastic also, saving 7000 tonnes of plastic globally every year.
Geka has been awarded a Platinum grade by prestigious business sustainability rating provider EcoVadis, placing the brush manufacturer among the top 1 percent of companies assessed worldwide.
Unilever has announced a rethink of the chemistry behind its cleaning ranges. The new strategy, named Clean Future will see its most popular cleaning and laundry brands become lower carbon and lower waste, without compromising on performance.
Unilever has unveiled a study that showcases how blue light from tech devices can damage the skin to a similar extent as standing in the midday sun without protection for 25 minutes.
L’Occitane has announced key changes to its travel retail leadership changes, with Ekaterina Ievleva having been appointed L’Occitane Group General Manager TR EMEA & Americas.
Rapper Cardi B has been unveilved as the new face of Balenciaga, with the first image from the fashion house’s winter 2020 campaign being displayed on the side of the Louve, Paris.
British TV channel the BBC has announced a new series, set to launch on BBC Three, which aims to debunk misconceptions about popular skin conditions such as eczema and acne.
L’Oréal has announced the launch of its second Employee Share Ownership Plan, with the share purchase price being set on 14th September, 2020.
Spanish singer Rosalía has been named as MAC’s newest Viva Glam Ambassador.
Estée Lauder workers at Dublin Airport are said to be planning to ballot for industrial action following news that the company aims to enforce compulsory redundancies and ask staff to reapply for fewer jobs, according to the independent.ie.
Following unprecedented demand for hair colorants during COVID-19 quarantine, L’Oréal Paris has announced the launch of its new Haircolor Concierge service.
Givaudan has announced that a continued focus on China, acquisitions, and smaller and local customers will enable it to grow 4-5 percent on average until 2025, according to a report by Reuters.
Budget fashion and beauty retailer Primark has introduced new energy efficient delivery trucks, which are said to help drastically reduce its carbon footprint in the UK.
The Hut Group Founder set to receive one of the largest windfalls in corporate history as company floats
The Hut Group’s (THG) Founder is set to receive some £700 million in shares thanks to a share-based incentive scheme based on the company’s valuation in 2022, two years post its planned flotation, according to a report published by The Times.
The resilience of luxury London property is about to be put to the test as the owner of Chanel’s Bond Street store lists the space for sale, according to a report published by The Times.
Inglot Cosmetics has become the latest victim of the COVID-19 pandemic as its owners announced that it would place the Irish holding company into liquidation, according to a report published by the Irish Times.
Era Zero Waste is set to become the first company in the DACH and Scandinavia regions to launch an e-commerce system inspired by the traditional milkman model. Era’s products can be refilled at the customer’s home via a bike refill station or carbon-neutral mail.
Nobu Hospitality has announced that it will cut the ribbon on its latest London project this winter, after having its planned summer opening postponed due to COVID-19.
The UK government has committed to setting legally binding targets for biodiversity, air quality, water and waste, according to a report published by Edie.
Unilever has announced that it is set to launch a pilot with Orbital Insight, a US tech company that specialises in geospatial analytics, to help monitor its palm oil supply.
Douglas has announced that its sales have stabilised following a weeks-long period in which the GVC has significantly impacted the retail industry.
Therme Group has unveiled plans to develop its wellbeing resort concept in several cities across the UK. The roll out from its initial Manchester-based hub will create more than 3,000 jobs.
British Airways is looking to offer consumers pre-flight COVID-19 testing in a bid to boost consumer confidence, with UK personal care and beauty retailer Boots said to be a potential partner, according to Business Traveller.
Beiersdorf-owned Nivea is trialling a refill station for its popular shower gel, according to a report published by Design Boom.
Perfume and taste company Firmenich has announced a 2.8 percent year-on-year growth for the 52 weeks ended 30th June, 2020.
Beiersdorf has reported a 2020 first half sales fall of 10.1 percent, reporting €3,449 million sales. However, the personal care giant’s derma brands remained steadfast in the wake of the pandemic, with the sector growing 6.2 percent.
UK supermarkets have been scaling back the number of beauty products they stock as customers are said to be opting for more natural looks during the Great Virus Crisis (GVC), according to a report by The Grocer.
The Netherlands’ proposed ‘exit tax’ could prompt Unilever to scrap plans to move lock, stock and barrel to London, according to a report published by Reuters.
Henkel recorded sales of €9,485 million In the first half of 2020, some 6 percent below 2019 levels. Operating profit also plummeted 27.5 percent, hitting €1,191 million with an EBIT margin of 12.6 percent, some 370 basis points below the prior-year period.
Elemis has ushered in a new low-contact treatment experience that it is planning to debut at its Mayfair salon, government restrictions allowing, this month.
Symrise has announced its results for the first half of fiscal 2020 and raised its outlook for the year after ‘very successfully’ continuing its profitable growth course over the first six months of the year.
Is Victoria Beckham attempting to build her own version of Goop? The former Spice Girl has filed an application to trademark the term ‘Victoria Beckham’ and her initials, VB, in the health and beauty arena, according to a report published by the Daily Star.
Unilever’s hygiene brand Lifebuoy brand is set to make a return to the UK market following its departure in the 1990s as consumer hygiene habits change for the better due to COVID-19.
Henkel has acquired a 75 percent stake in direct-to-consumer business, Invincible Brands Holding.
L’Oréal is said to be considering ad spend cuts on social media site TikTok, as privacy concerns are raised due to its link to China, according to a report by Bloomberg.
Feeling confident: L’Oréal 1H 2020 sales down 11.7 percent but there’s hope on the horizon as growth continues in China
L’Oréal has reported its results for the first half of fiscal 2020. The French beauty giant saw sales dive 11.4 percent (like-for-like) overall but said it was confident that consumer appetite for beauty remains intact.
News UK’s commercial division, The Bridge has launched a branded social video product, The Times Social Studio aimed at brands looking to reach The Times and The Sunday Times’ off-platform digital audiences – and Estee Lauder is set to be its first client.
Henkel has added new functionality to its EasyD4R software tool, now allowing it to not only assess the recyclability of plastic packaging but also paper/cardboard, glass, aluminium and tinplate too.
Reckitt Benckiser has reported a double-digit uptick in both profit and revenue for the first half of fiscal 2020. The manufacturer of Dettol saw net revenue swell 10.8 percent to £6,911 million thanks to increased demand for its health and hygiene products.
L’Oréal is said to be ordering its staff back to the office, despite widespread advice to work from home where possible to reduce the spread of the coronavirus, according to a report published by Page Six, quoting Estee Laundry as its source.
Parfums Givenchy has entered the world of Nintendo’s Animal Crossing: New Horizons, having teamed up with Nook Street Market to launch make-up creations on the game, according to a report by WWD.com.
Croda has maintained its dividend payout despite falling demand for its skincare and cosmetics arm due to COVID-19.
LVMH has published its results for the second quarter and first half of fiscal 2020. The luxury goods behemoth saw revenue plummet 38 percent over the second quarter compared to the same period in 2019, contributing to a 27 percent drop in revenue year-on-year over the first six months of the year. Profit also took a nose dive falling 68 percent yoy to €1,671 million.
High demand for hygiene products has softened Unilever’s first-half sales fall, helped by Q2 underlying sales dropping 0.3 percent as opposed to analyst forecasts of 3.4 percent.
Cult beauty brand MAC cosmetics is set to launch into Boots stores and online in the UK and Ireland from 29th July, with the retailer having amassed a 48,000-waiting list for the products in just 24 hours.
BASF and law firm Cahill, Gordon & Reindel have agreed to a joint settlement of US$72.5 million to end claims that they concealed evidence of talc products containing asbestos, according to a report published by Bloomberg.
Givaudan has reported a first-half 2020 sales growth of 4 percent on a like-for-like basis of 3.22 billion Swiss francs (2.71 billion pounds), with around 85 percent of the company’s activities said to have been resilient to the impact of COVID-19, according to a report by Reuters.
TikTok stars Charli D’Amelio and sister Dixie D’Amelio have teamed up with Morphe make-up to launch a new sub-brand, Morphe 2.