John Lewis is branching out in the world of banking with the launch of its first investment products to customers.
Dior appears to continue to be unphased by the UK High Court’s ruling that a story alleging Johnny Depp hit his then-wife Amber Heard were ‘substantially true’; the actor is once again the star of the LVMH-owned brand’s latest fragrance campaign.
PETA has released a statement concerning a challenge to the European Chemicals Agency (ECHA) requirement that tests, in which animals are forced to ingest or inhale ingredients used exclusively in cosmetics, must be carried out under the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) Regulation.
Procter & Gamble has signed up as a supplier of the Netherlands’ top soccer league, the Eredivisie, according to a report published by Sports Business. The deal spans two seasons and will be headed up by the US FMCG manufacturer’s Gillette brand.
Employees at Russian beauty brand, Natura Siberica are rebelling against the company’s new management following the death of the brand’s Founder, according to a report published by RT.
Last week we reported on Nelson Peltz’ decision to step down from the Procter & Gamble board – and now it looks like the infamous activist investor could be poised to make waves at Unilever, at least if a report published by the Financial Times is to be believed.
L Catterton is set to acquire a majority stake in hair extension platform Beauty Industry Group. Terms of the transaction were not disclosed.
Unilever-owned deodorant brand, Sure has expanded its sponsorship of cricketing tournament The Hundred, according to a report published by Sport Business.
Cruelty Free International has raised the alert after being informed by the Home Office that the UK government could be reconsidering its policy on animal testing for cosmetics, according to a report published by The Guardian.
Dufry has reported a turnover of CHF1,187.2 million for the first half of 2021, 69.5 percent down on 2019 levels. The travel retail operator said that the resumption of travel in the US, Central America and parts of EMEA was driving a gradual recovery.
Lagardere has reported its results for the first half of the current financial year. The group saw revenue increase 5 percent like-for-like on the same period in 2020 thanks to an exceptional performance from its publishing arm.
L’Occitane reports 27.7 percent sales growth in FY2022 Q1; L’Occitane en Provence and Elemis drive growth
L’Occitane has reported a 27.7 percent sales rise in FY2022 Q1 to €337.2 million, with brands L’Occitane en Provence, Elemis and emerging brands said to be driving growth.
Campaign group Level Up is calling that ‘toxic’ hair care products aimed at Black women be removed from shelves, targeting hair care companies such as L’Oréal, Revlon and Motions.
Media agency Wavemaker has won a US$400 million media account to represent L’Oréal in the DACH region (Germany, Austria and Switzerland).
Beiersdorf has returned to pre-pandemic glory with sales in the six months ending 30th June growing 16.2 percent in organic terms to 3.87 billion euro.
Color cosmetics company Warpaint London has announced the appointment of John Collier as an Independent Non-Executive Director, according to stockmarketwire.com
The UK government has released a statement naming and shaming some 191 employers who have underpaid workers, including The Body Shop, John Lewis, numerous independent hair and beauty salons and media agency Grey London.
Richemont has announced the nominations of Jasmine Whitbread and Patrick Thomas for election to the Board of Directors. Their appointments are subject to the approval of shareholders at the 2021 AGM to be held on September 8, 2021.
LVMH chief Bernard Arnault usurps Jeff Bezos as world’s richest man as Amazon Q2 sales fall short of analyst expectations
VMH CEO Bernard Arnault has beaten Amazon’s Jeff Bezos to take the title as the world’s richest person, with Bezos’ net worth dropping US$13.9 billion last week following Amazon’s Q2 earnings falling short of analyst expectations.
L’Oréal partners with period tracking app Clue to advance knowledge on relationship between skin health and the menstrual cycle
’Oréal has announced a partnership with period tracking app Clue, which will see the two companies work towards better understanding the relationship between skin health and the menstrual cycle.
The Hut Group has announced the acquisition of online premium retailer Cult Beauty in a £275 million deal.
Dior Beauty has launched its fall make-up collection, according to a report published by CR Fashion Book. The LVMH-owned brand’s Birds of a Feather line plays with the concepts behind its whimsical title, with looks for both early birds and night owls and features a feather motif.
A year after attracting investment to the tune of €10 million, Planity has raised €30 million in a Series B funding round, according to a report published by WWD.
L’Oréal has reported its results for the first half of the current fiscal year. The French beauty giant saw sales soar 33.5 percent in the second quarter to push first half growth to +20.7 percent like-for-like (+16.2 percent reported).
Prada has reported a H1 revenues leap of 66 percent at constant exchange rates to €1.5 billion euros ($1.78 billion), joining its luxury peers in seeing a return to growth following pandemic downturns.
Hindustan Unilever (HUL) has debuted its new in-store vending model ‘Smart Fill’ at Mumbai’s Reliance Smart Acme Mall, in a pilot project via a partnership with Reliance Retail.
Harrods continues to expand into beauty space with launch of revamped hair and beauty salon in Knightsbridge store
UK luxury department store Harrods has opened a new Hair and Beauty Salon on the fifth floor of its Knightsbridge store, according to a report by WWD.com.
French luxury group Kering has reported Q2 sales of €4.16bn, beating analyst expectations of €3.8bn, marking an 11 percent rise comparable to 2019.
enkel has joined the LGBTQ+ business advisory Out Leadership as it looks to evolve its diversity and inclusivity agenda.
LVMH has reported a net profit leap of 62 percent in H12021 as opposed to 2019, which was bolstered by record sales for its key fashion and leathers goods division, driven by Louis Vuitton and Dior.
UK department store Selfridges has been put up for sale by its owners, the Weston family, giving the luxury retail space a £4 billion price tag.
rug delivery and consumer dispensing company AptarGroup has signed a share purchase agreement for the majority stake in French digital therapeutics (DTx) developer Voluntis.
UK department store John Lewis is set to build 10,000 rental homes over the next decade as it looks to boost flagging retail sales.
Walgreens Boots Alliance has released part of its Nottingham site for residential development, according to a report published by The Construction Index
Sephora will usher in a new subcategory of its Clean at Sephora collection, according to a report published by Glossy.
Unilever has reported its results for the first half of the current financial year. The UK-based FMCG giant reported underlying sales growth of 5.4 percent to €25.8 billion, with a 4 percent volume increase and 1.3 price uptick.
Beiersdorf has donated €1 million to the affected flood region in Europe, including Germany, Austria, Belgium and the Netherlands.
LVMH has become a majority investor in Virgil Abloh’s Off White label, having jointly agreed to pursue new projects across luxury categories.
Dolce & Gabbana is set to launch a new and exclusive non-fungible token (NFT) collection in collaboration with luxury digital marketplace UNXD, powered by the Polygon Network, according to a report by Crypto Daily.
The former President of Coty’s Professional Beauty Unit, Sylvie Moreau has been named President for Europe and the Middle East at Sephora, according to a report published by WWD.
Revolution Beauty has commenced trading on AIM. The cosmetics brand placed 69 million shares priced at 160p each, according to a report published by Proactive Investors.
Sephora is said to have agreed to acquire Feelunique from Palamon Capital in a deal that values the UK ecommerce platform at £132 million, according to a report published by The Times.
YouTube star Violette Serrat is said to be the next Creative Director of Make-up at LVMH-owned Guerlain, according to a report published by WWD, quoting industry sources.
Unilever has been named as the 11th and final Principal Partner for the UN climate change summit, COP26, which is due to take place in Glasgow this November.
PZ Cussons has poached Diageo Global Consumer Planning Director, Andrew Geoghegan to fill the newly created role of Chief Marketing Transformation Officer, according to a report published by Marketing Week.
Westfield London has created a 4000sq ft pop up shop dedicated to social media platform TikTok, according to a report by the Drum.
The Estée Lauder Companies continues leadership shake up; promotes Sue Fox to President UK and Ireland
The Estée Lauder Companies (ELC) has continued its leadership shake up, promoting Sue Fox to the position of President, United Kingdom, Ireland, effective immediately.
Environmentally-conscious personal care brand 900.care has raised €10 million in funding from a seed round led by White Star Capital, Founders Future, 360 Capital and business angels.
LVMH-owned Benefit has teamed up with footwear brand Crocs on a new limited edition collection, named Benefit x Crocs.
Henkel Turkey has named Guray Yildiz Chairman of the Executive Board. Yildiz will take on the new role on top of his current position as GM of Turkish Henkel Laundry and Home Care.