Nestlé has reduced its stake in L’Oréal by selling €8.9 billion (US$10 billion) worth of shares to L’Oréal for €400 a share.
Facetheory has announced that it has raised £10 million in Series A funding from Active partners.
Walgreens Boots Alliance is mulling the sale of its namesake Boots business, according to a report published by Sky News.
Chanel has come under fire from consumers after its first ever advent calendar failed to meet expectations, according to a report published by Fox Business.
L’Oréal has announced a new multi-year partnership with one of the world’s most innovative and accurate climate tech companies, BreezoMeter. The Israel-based firm is a leader in the sphere of environmental insights around air quality, pollen and fire.
Thanks to its partnerships with the Salford Valve Company and Nussbaum Matzingen, Beiersdorf is rolling out a more climate-friendly aerosol valve system for its Nivea Ecodeo product line, as well as a range of 100 percent recycled aluminum cans.
Evonik has announced that it has invested in a Singaporean start-up in a bid to advance alternatives to animal testing. Revivo BioSystems has developed a technology that uses a realistic 4D model of human skin for the testing of chemical, cosmetic and pharmaceutical compounds.
Unilever has announced a shake-up of its leadership team, with Marc Engel, Chief Supply Chain Officer, stepping down from his position following a 30-year career with the company.
Beauty and wellness appointment booking app Booksy is set to expand its presence in the EMEA region via the acquisition of French salon management and booking software, Kiute.
Italian health and beauty provider Sodalis has acquired the German-based Lornamead company and brands Brisk, Rapid White and Triple Dry brands in the UK from Meiyume, a member of the Fung Group.
L’Occitane delivers record profit for H12022; ‘strong set of results’ despite ongoing challenges of pandemic
L’Occitane International has announced its results for the six months ended September 30, 2021. The French natural cosmetics manufacturer said that its performance in the first half continued to be affected by COVID-19, however, sales growth rose to 7 percent above pre-pandemic levels in the second quarter and its operating profit and net profit reached new heights.
Architect India Mahdavi has unveiled her redesign of Dior’s iconic J’adore perfume bottle, according to a report published by Wallpaper and the LVMH brand’s Instagram page.
Dyson has upped the ante in the home shopping experience with a VR-enabled testing facility for its hairdryers, straighteners and stylers, according to a report published by Reuters.
LVMH has announced the death of Louis Vuitton Men’s Artistic Director, Virgil Abloh. Abloh had suffered from cancer for several years.
BASF has signed an agreement to sell its kaolin minerals business to KaMin for an undisclosed sum. The transaction is expected to close in the second half of 2022.
P&G-owned Head & Shoulders and FC Barcelona have renewed their partnership agreement for another season. The hair care brand will remain a Partner of the Club with exclusivity as the Official Shampoo of FC Barcelona in Indonesia until June 30, 2022.
BASF Personal Care Europe has implemented a price increase of RSPO-certified oleoderivative.
Lush Cosmetics is to deactivate its global social media accounts effective 26 November, in a move to protect users’ mental health challenges.
TerraCycle has settled a lawsuit bought by the Last Beach Cleanup alleging that the label recyclability claims made by the waste management firm and several major brand owners were ‘deceptive to a reasonable consumer’, according to a report published by Resource Recycling.
BASF and Orsted have signed a 25-year fixed price corporate power purchase agreement, under which BASF will offtake the output of 186 megawatts from Orsted’s planned wind farm in the North Sea. With its 25-year term, it’s said to be the longest CPPA for offshore wind ever announced.
Beiersdorf-owned Nivea has ushered in a refillable hand soap system. The Nivea Ecorefill includes a bottle made from recycled material, designed expressly to be reused, as well as a refill tab.
Givaudan has announced that it has reached an agreement to acquire Custom Essence. Terms of the deal were not disclosed.
Harry Styles has unveiled his new beauty brand, Pleasing. The brand’s mission is to ‘bring joyful experiences and products… and dispel the myth of a binary existence’, and launches with a handful of products including serums and nail polish.
L’Occitane has acquired a majority stake in Brazilian premium beauty brand Sol de Janeiro, taking an indirect equity interest of 83 percent.
Chemicals company BASF has announced that it is to increase the prices of polyalcohols Neopentyl Glycol (NPG) and 1,6-Hexanediol (HDO) in Europe by 4 euros a metre and 1.000 a metre respectively.
Louis Vuitton is said to be looking to open its first duty free store in the luxury island hub of Hainan, according to a report by Reuters.
UK supermarket Morrisons has acquired a significant stake in a new recycling site in Fife, which will reprocess ‘hard-to-recycle’ soft plastics.
The CEO of Kiko Milano, Cristina Scocchia has resigned to take up a Chief Executive role at Illy, according to a report published by WWD. Her departure is effective December 31, 2021.
Weleda has announced its B Corp Certification. The German natural cosmetics company scored 106.8 points, some way above the 80 required for B Corp status.
Russian search engine, Yandex has branched out into fashion retail, according to a report published by Reuters.
The Anti-Defamation League has honored L’Oréal Chairman, Jean-Paul Agon with its Courage Against Hate Award in recognition of his longstanding commitment to advancing diversity, equity and inclusion within the French beauty company.
The UK’s supply of fake-tan products is at risk due to a shortage in supply of ingredient solvent ethoxydiglycol, according to the Guardian.
THG Founder, Matthew Moulding has admitted that he regrets floating on the London stock exchange last year and is tempted to reverse his decision, according to a report published by Bloomberg quoting an interview run by GQ Magazine.
Chanel has announced Emmanuelle Walle, Head of Global PR and Influence at Chanel Fragrance and Beauty as its next International Director of Press Relations and Public Relations for the fashion unit, according to a report published by WWD.
Henkel reports organic sales growth of 3.7 percent; trims full year forecast due to raw material price hike and logistics costs
Henkel has reported a Q3 organic sales growth of 3.7 percent YOY and 7.5 percent vs 2019, with the rise driven mainly by emerging markets.
n a bid to help combat climate change, the Estée Lauder Companies (ELC) UK & Ireland has pledged £500,000 over five years to fund nature restoration projects in the UK.
Gebr. Heinemann champions sustainability in travel retail with new ‘future friendly: Great for you. Better for the planet’ concept
Duty free owner Gebr. Heinemann has launched a new concept ‘‘future friendly: Great for you. Better for the planet,’ which aims to address sustainability within travel retail.
Monday Haircare has revealed plans to expand into further European markets next year, according to a report published by Beauty Inc.
Firmenich and MG International Fragrance are set to build a new regional perfumery production hub on the MG International campus near Istanbul, Turkey.
UK department store chain, The John Lewis Partnership has signed a new £420 million, five-year revolving credit facility linked to environmental targets.
L’Oréal has been awarded the Terra Carta 2021 Seal, which recognises global companies driving innovation and demonstrating their commitment to the creation of genuinely sustainable markets.
Speciality chemicals company Evonik has announced the acquisition of Swiss plant extract producer Botanica, which will expand its presence in botanical cosmetic ingredients.
Chanel has launched a new No 5 Spaceship activation in the departure lounge at Heathrow Airport Terminal 5 to celebrate the 100th anniversary of the Chanel No 5 fragrance.
L’Oréal has announced the ten changemakers for its 2021 L’Oréal Paris Women of Worth class, which recognizes the philanthropic achievements of ten non-profit leaders from across the nation.
Valentina Sampaio has been named as the newest face of Armani Beauty, and will feature in the brand’s 2022 beauty campaigns.
Specialty chemicals business Arxada has announced it is to combine with Troy Corporation, a leader in microbial control solutions and performance additives.
The L’Oréal Fund for Nature Regeneration has announced its inaugural investment. The French beauty giant has taken an equity stake in the Real Wild Estates Company, a UK-based rewilding business offering sustainable long-term financial returns.
Beiersdorf has reported its results for the third quarter and first nine months of financial 2021. The German manufacturer of Nivea saw ‘strong sales improvement’ with sales growth of 12 percent to €5.8 billion exceeding the pre-COVID levels of 2019.
The French Ministry for Gender Equality, Diversity and Equal Opportunities has handed its Parite du Top 100 Special Award for the Feminization of Governing Bodies to L’Oréal.
Buy now, pay later deals are proving attractive to UK shoppers, according to a report published by The Guardian, with outstanding debt for the year to date pegged at £4 billion.