Kao, L’Oréal and Natura &Co are named on World’s Most Ethical Companies list 
Kao, L’Oréal and Natura &Co are just some of the cosmetics companies named on the 2022 World’s Most Ethical Companies Honoree List
Dior reopens flagship boutique 30 Montaigne following two-year renovation 
LVMH-ownedDior has reopened its flagship boutique 30 Montaigne following a two-year renovation
LUSH stops supply of goods to Russia but is barred from closing stores
Lush has stopped all supplies from reaching Russia during the country’s invasion of Ukraine,
British businesses open doors to Ukrainian refugees
A coalition of British businesses including Marks & Spencer has formed in order to provide jobs and accommodation for Ukrainian refugees, according to a report by The Times.
Dufry announces strong FY21 results; reports 57 percent organic growth 
Travel retailer Dufry has reported strong recovery in FY21, reporting organic growth of 53.2 percent and adjusted operating profit of CHF 374.9 million.
UK Chancellor tells companies ‘to think carefully’ about investments that support ‘barbaric’ Putin regime
UK Chancellor Rishi Sunak has called on companies to ‘think very carefully’ about any investments that would in any way support the ‘barbaric’ Putin regime in the wake of his ‘illegal and unprovoked’ invasion of Ukraine.
Unilever’s Alan Jope handed 42 percent pay boost
Unilever CEO Alan Jope saw his pay packet swell by 42 percent last year, according to a report published by the Financial Times.
AkzoNobel: our Russian arm will fold by May
AkzoNobel has revealed that its operations in Russia are weeks away from folding, according to a report published by the Financial Times.
Bleach London to hit shelves in Walmart
Following the launch of its first US salon last year, Bleach London has secured a spot on the shelves of one of the world’s largest retailers. WWD reports that the UK hair color brand has signed an exclusive deal with Walmart.
The Estee Lauder Companies suspends all commercial activity in Russia
The Estee Lauder Companies has announced that it is suspending all commercial activity in Russia, including closing every store it owns as well as its brand sites and shipments to retailers based in the country.
Balenciaga Creative Director Demna Gvasalia showcases support for Ukraine at the brand’s winter show in Paris
Balenciaga Creative Director Demna Gvasalia has thrown the spotlight on Ukraine at the brand’s Autumn/Winter show at Paris Fashion Week.
Henkel to freeze future investments in Russia amidst ongoing attack on Ukraine
Henkel has made its stance on the Russian invasion of Ukraine clear, announcing that it will freeze future investment plans in Russia, stop all advertising in state-owned media and all sponsoring activities.
Ozon warns bond holders of impending delist
Russian e-commerce firm Ozon has warned that its US$750 million 1.875 percent senior unsecured convertible bonds, due 2026, became subject to a ‘delisting event’ at the close of play on March 8, 2022.
Lagardere hails ‘world-first’ as Aelia Duty Free eco responsible store opens at Geneva airport
Lagardere Travel Retail has announced the opening of what it is claiming is the world’s first eco-responsible store in the Aelia Duty Free network at Geneva International Airport.
Kiko Milano names new CEO
Kiko Milano has named Simone Dominici Chief Executive Officer, according to a report published by WWD. Dominici will takeover from Cristina Scocchia who departed the company for Illy at the end of last year.
Luxury stands with Ukraine as Chanel, Hermes, Kering, LVMH, Richemont close Russian stores
The owners of the world’s leading luxury brands Chanel, Hermes, LVMH and Richemont have announced that they have paused business operations in Russia in response to the invasion of Ukraine, according to a report published by Reuters.
Beiersdorf FY2021: sales up 9.7 percent to €7.6 billion
Beiersdorf is celebrating a ‘successful’ performance for fiscal 2021, reporting group sales increase of 9.7 percent to €7.6 billion, an improvement on 2019 figures.
Now L’Oréal faces class action over PFAS in mascara
L’Oréal is now facing a class action lawsuit over the alleged undisclosed presence of forever chemicals, aka PFAS, in its L’Oréal Paris and Maybelline waterproof mascaras, according to a report published by classaction.org.
L’Oréal unveils solidarity plan for Ukraine; donates €1 million to support refugees
L’Oréal has published a solidarity plan for Ukraine following the Russian invasion. The French beauty giant reports that it is in constant touch with its 326 Ukrainian employees, all of whom are safe at present.
Bain and CVC balk at Boots bid
The potential sale of Boots pharmacies by owner Walgreens Boots Alliance has hit a bump in the road, according to a report published by the Financial Times.
Zalando hails ‘exceptional’ FY2021 as revenue grows 29.7 percent
Zalando has reported ‘exceptional’ full-year results for fiscal 2021 with growth ‘significantly faster’ than expected.
Marks & Spencer partners with Clinique
Marks & Spencer has announced a new online and in store partnership with The Estee Lauder Companies-owned Clinique.
Oriflame reports a 12 percent sales decline in FY2021
THE WHAT? Direct sales company Oriflame has reported a 12 percent sales decline in FY2021, to €1,016.5 million. THE DETAILS All business areas experienced a decline in Euro sales, with Latin America, CIS, Europe, Turkey & Africa and Asia down 4,...
Selena Gomez launches Rare Beauty pop-up and coffee shop in London to mark second anniversary
Selena Gomez is marking the second anniversary of her Rare Beauty brand with the launch of a pop-up café and coffee shop in London.
Henkel reports 7.8 percent growth for FY2021; details purposeful growth agenda
Henkel has reported a 7.8 percent organic group sales growth for FY2021, to around 20.1 billion euros.
Lush closes Ukrainian stores as Russian invasion continues
Lush has closed 15 Ukrainian stores as the advancements of Russian troops on major cities continues, according to a report by the Independent.
Revolution Beauty Group acquires BH Cosmetics
The Revolution Beauty Group has acquired BH Cosmetics for US$3.9 million, financed through the Group’s existing cash resources.
Boots sale: drugstore chain expected to fetch £8 billion as bid deadline passes
Walgreens Boots Alliance is one step closer to selling its namesake drugstore chain, Boots, according to a report published by Reuters.
MAC expands recycling program to Germany, Norway, Greece and Czech Republic
MAC has rolled out its Back to MAC takeback program to four further European territories. Consumers in Germany, Norway, Greece and the Czech Republic will be able to return qualifying empties to participating MAC stores for recycling.
Carrots, milk, adult toys: Tesco becomes first UK supermarket to stock Lovehoney brand
Tesco has become the first UK supermarket to stock Lovehoney products, according to a report published by The Independent.
THG rubbishes rumors of restrictions following Dermalogica discounting
THG has issued a statement contradicting a report that was published in The Telegraph newspaper that claimed Unilever was withholding stock of its Dermalogica line over concerns about discounting on THG’s e-commerce sites, per a Reuters article.
The EcoBeautyScore Consortium goes live with 36 industry players
Some 36 cosmetics companies and industry bodies have joined forces to form The EcoBeautyScore Consortium, which aims to develop an industry-wide environmental impact assessment and scoring system for beauty products.
Clarins announces new governance structure; formalizes handover to third generation of family
Clarins has announced its new governance structure, which formalizes the handover of the company from the second to the third generation.
Wild Cosmetics closes £5 million funding round from existing investors
UK start-up Wild Cosmetics has closed a £5 million funding round, led by JamJar Investments – the venture fund led by the founders of Innocent drinks.
L’Oréal files trademarks NFTs and metaverse
L’Oréal has filed a series of trademark applications covering the NFT and metaverse arena…
Reckitt reports full year 2021 rise of 3.5 percent
Reckitt Benckiser (RB) has reported a FY2021 net revenue rise of 3.5 percent, which saw a share price lift of 10 percent.
BASF announces changes to the responsibilities on Board of Executive Directors
The BASF Board of Executive Directors has announced changes to the responsibilities in two Board Ressorts.
Dior names Emma Raducanu new face of Le Démaquillant S Au Nymphea Purifiant line 
Dior has named Emma Raducanu as the new face of the Le Démaquillant S Au Nymphea Purifiant line.
Henkel launches Martha Schwarzkopf Award for Women in Science to recognize and value female scientists
Henkel has launched a new research award, the Martha Schwarzkopf Award for Women in Science, which aims to recognize and value outstanding female scientists.
Kering reports stellar 2021; Gucci revenue up 31 percent
Kering has beat analyst expectations with its 2021 results, reporting annual revenues of €17.6bn, a 35 percent rise comparable to 2020, and 13 percent higher than pre-pandemic in 2019.
L’Oréal Professional Products champions hairdressers with new Hair the Love 2022 campaign
L’Oréal Professional Products new Hair the Love 2022 campaign, which aims to is championing hairdresser and how the positively help people’s mental health and wellbeing.
Clariant delays Q4/FY2021 results due to investigation into accounting matters
Clariant has delayed its Q4/FY2021 results due to an accounting probe, which results from the booking of “certain provisions and accruals” dating back to 2020.
The Estee Lauder Companies takes minority stake in sustainable brand Haeckels
Haeckels has announced a minority investment from The Estee Lauder Companies. The mircrobiome-friendly ocean skin care brand’s news met a mixed response on Instagram, prompting it to post a further justification.
PZ Cussons H1: sales dip but pre-tax profit up 8.3 percent
PZ Cussons has reported its results for the half year to November 30, 2021. The manufacturer of Carex saw revenue drop 2 percent like-for-like on the same period a year prior to £283.7 million.
Boots to bring back 17 brand
Boots is reviving its budget make-up line, 17, according to a report published by Good Housekeeping. The brand, which first hit shelves in 1968, was discontinued in 2018.
Unilever reports fastest sales growth in 9 years
Unilever has announced its results for fiscal 2021. The UK-based FMCG manufacturer reported underlying sales growth of 4.5 percent, its steepest incline in nine years.
L’Oréal reports historic year in 2021 with sales growth driven by ‘infinite appetite for beauty’
L’Oréal has reported a record-breaking year in 2021, with sales growth up 16 percent on a like-for-like basis to €32.2 billion.
Boohoo and Next launch own-brand beauty and skincare ranges
UK fashion brands Boohoo and Next have both entered the own-brand beauty and skincare markets with the launch of new vegan lines Boohoo Beauty and Woah respectively.
Dolce & Gabbana to branch out into skin care as cosmetics business taken in house
Fresh from its release from the Shiseido portfolio, Dolce & Gabbana is taking its cosmetics and fragrance business in house, according to a report published by Reuters quoting Corriere della Sera.
Firmenich teams up with Finlays to commercialize wellbeing teas in Europe
Firmenich has entered into an agreement with Finlays, granting the flavors and fragrances supplier full access to the tea and coffee producer’s full portfolio of extracts in Europe, effective immediately.
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