Unilever’s Lifebuoy brand to make a return to the UK
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 inks deal for majority stake in Invincible Brands Holding
Henkel has acquired a 75 percent stake in direct-to-consumer business, Invincible Brands Holding.
L’Oréal mulls TikTok ad spend cut due to privacy concerns
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.
Estee Lauder signs up to be The Times Social Studio’s first client
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 adds new materials to recyclability assessment tool
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.
Clean sweep: RB sees profit and revenue soar in 1H 2020
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: if you want to work from home, we need your medical records
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 launches make-up looks on Nintendo’s Animal Crossing
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 gives dividend despite COVID-19 impacted fall for skincare and cosmetics
Croda has maintained its dividend payout despite falling demand for its skincare and cosmetics arm due to COVID-19.
Good resilience? LVMH revenue plunges 27 percent in first half
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 offsets Unilever’s first-half sales slump
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.
MAC to launch into Boots; 48,000 sign up to the waiting list
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 Cahill settle talc scandal for US$72.5 million
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 confirms full year guidance as COVID-19 bolsters first-half results
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 and Dixie D’Amelio collaborate on Morphe 2 sub brand
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.
Online and Asia outperform as L’Occitane reports 22.2% overall sales decline for Q1
L’Occitane has reported a 22.2 percent sales decline for the three months ending 30 June, with the company hit by retail closures during the ongoing COVID-19 pandemic.
Chanel cements foothold in male beauty market with expansion of Boy de Chanel make-up line
Chanel has announced the expansion of its Boy de Chanel make-up line, which first launched in 2018.
Less is more? Lush slashes product line up
Lush has announced that it is set to discontinue a plethora of products after Founder Mark Constantine had the chance to reflect on the ethical beauty chain’s range during lockdown.
RB invests US$25 million in new Reckitt Global Hygiene Institute
Reckitt Benckiser has announced the launch of a global initiative to generate high-quality scientific research-based evidence to inform public health and promote global hygiene.
Has Next pipped M&S to Victoria’s Secret prize?
Sky News is reporting that Next has prevailed in the battle to become the UK franchise partner for ailing US lingerie brand Victoria’s Secret.
Damian Hurley and Irina Shayk star in new Pat McGrath Labs mascara campaign
Damian Hurley and Irina Shayk have featured in a new campaign for Pat McGrath Labs’ new Dark Star Mascara.
Avon reports 114% surge in representative sign ups amidst COVID-19 pandemic
Avon has reported a 114 percent surge in representative sign ups due to women looking for ‘new, flexible and digital earning opportunities’ as job losses surge amidst the COVID-19 crisis.
Alès Groupe hit by COVID-19; enters administration
The Alès Groupe has entered administration, having being hit hard by the effects of the COVID-19 pandemic, according to a report by WWD.com.
Clarisonic shuts up shop following falling demand
Clarisonic is shutting up shop as of 30th September, 2020, due to falling demand following L’Oréal’s acquisition of the skincare device brand in 2011, according to a report by WWD.com.
BASF Q2 2020: sales down but operating income beats expectations
BASF has released preliminary figures on business development in the second quarter of 2020 which appear to show that the specialty chemicals manufacturer has beaten expectations, despite the automotive industry’s GVC-related woes.
Walgreens Boots Alliance reports flat sales for Q3 2020 as COVID-19 closures bite at Boots
Walgreens Boots Alliance has announced its financial results for the third quarter of fiscal 2020. Sales increased just 0.1 percent to US$34.6 billion, and a cash impairment charge of US$2 billion led to an operating loss of US$1.6 billion, compared to operating income of US$1.2 billion a year ago.
Lady Gaga announced as face of new Valentino scent
Lady Gaga is set to front the campaign for Valentino’s latest scent, according to a report published by WWD.
Coronavirus continues to bite as UK retailers John Lewis and Boots announce 5,300 job Cuts
UK retailers John Lewis and Boots have announced 5,300 job cuts as the retail sector continues to feel the bite of the COVID-19 pandemic, according to a report by BBC.
Beiersdorf and Werner Mertz collaborate on cosmetic packaging innovation project; supported by Fraunhofer
Personal care giant Beiersdorf has teamed up with Werner Mertz and the Fraunhofer Institute for Process Engineering and Packaging (IVV), to develop a standard for the use of mechanically recycled waste plastic, which is obtained from the German ‘Grüner Punkt’ waste collection system, for cosmetics packaging.
Beiersdorf feels impact of COVID-19 as it reports first-half sales fall of 10.7%
Beiersdorf has announced a first-half sales fall of 10.7 percent, according to a report by Reuters, with the fall put down to both its consumer and adhesives unit being hit by fallout of the COVID-19 pandemic.
Gucci Beauty’s newest face Ellie Goldstein highlights need for better representation of disabilities in the media
Gucci Beauty has announced model Ellie Goldstein as its newest face, with the star, who has down’s syndrome, stating that it’s time for more models with disabilities to be recognised.
Inter Parfums to acquire a 25 percent stake in Origines-parfums e-commerce platform
Inter Parfums (IPSA) has announced that it has signed a deal with Divabox to acquire a 25 percent stake in the owner of the Origines-parfums e-commerce platform. Terms of the deal were not disclosed.
Eucerin axes product leaflets and commits to ambitious sustainability targets
Beiersdorf-owned Eucerin has announced a significant expansion of its commitment to sustainability, as part of the German manufacturer’s wider CARE BEYOND SKIN sustainability agenda, which was launched at the start of 2020.
Lidl apes The Body Shop with The Pure Olive Collection
Lidl has announced the launch of a new olive oil-based beauty line that is a close copy of a similar range sold by The Body Shop, according to a report published by The Sun.
Sustainable finance first: Henkel concludes a plastic waste reduction bond
Henkel has taken a further step in combining attractive corporate financing instruments with progress in sustainability becoming the first company globally to conclude a plastic waste reduction bond with a total volume of US$70 million and a maturity of 5 years.
Khiron teams up with Red Yellow Red to bring its CBD range to Spain
Khiron Life Sciences has announced that it has signed a distribution deal with leading EU distributor, Red Yellow Red, to stock its Kuida skin and body care range through four major multinational health and beauty retail groups across Spain.
Hema to be taken over by noteholders
Netherlands-based high street chain Hema is set to be taken over by its senior secured noteholders, according to a report published by Reuters.
Garnier goes green: L’Oréal-owned brand announces ambitious sustainability plan
Garnier has announced the launch of a green beauty initiative that will see the brand produce all of its products with zero virgin plastic, use only reusable, recyclable or compostable packaging and ensure all industrial sites are carbon neutral.
L’Occitane announces improved FY2020 net sales growth despite COVID-19 impact
THE WHAT? French beauty brand L’Occitane has announced a FY2020 net sales growth of 15.2 percent at reported rates and an operating profit rise of 24.2 percent to €187.3 million, despite the ongoing impact caused by COVID-19. THE DETAILS The company...
Victoria’s Secret: Is British retailer Marks and Spencer set to snap up the ailing brand?
British retailer Marks and Spencer is said to be eyeing the acquisition of troubled brand Victoria’s Secret, according to a report by the Financial Times.
L’Oréal to propose new CEO candidate by Autumn, says Agon
L’Oréal’s current CEO and Chairman Jean-Paul Agon has said that he expects the group’s nomination committee to have announced a new candidate to succeed him by this Autumn, according to a report by Reuters.
Unilever and Henkel to boycott Facebook over hate speech concerns
Unilever and Henkel have announced that they will cancel advertising across Facebook in support of the Stop Hate for Profit campaign, according to a series of reports published by Reuters.
INEOS to acquire BP’s global aromatics & acetyls business
INEOS has announced its intention to acquire BP’s global Aromatics and Acetyls business for US$5 billion.
Now L’Oréal to drop ‘whitening’ from products
L’Oréal has followed in the footsteps of the likes of Johnson & Johnson and Unilever, pledging to address the troubling connotations of products that purport to lighten or whiten skin, according to a report published by Reuters.
The Hut Group ups fundraising efforts in advance of possible IPO
The Hut Group has ramped up its fundraising efforts as it mulls a possible flotation, according to a report published by Sky News.
They’ll be back: L’Oréal says business is on the rebound
L’Oréal CEO jean-Paul Agon has revealed that shoppers have returned in their droves as lockdown is lifted across Asia and Europe, according to a report published by Reuters.
Sephora launches Instagram checkout for 80 brands
Sephora has announced a new digital collaboration with Instagram. The LVMH-owned beauty retailer and social media platform will build a seamless shopping experience for Sephora’s 20 million followers with a digital storefront and secure checkout enabled in feeds and stories.
The choice is yours: L’Oréal publishes 2030 sustainability targets and helps consumers sift through sustainability measures
L’Oréal has unveiled its new sustainability program, labelled ‘L’Oréal for the future’. The French beauty giant said it is ‘accelerating its transformation towards a model respecting planetary boundaries’ and reinforcing its commitments to both sustainability and inclusion.
Solvay warns of non-cash impairment of €1.5 billion
Solvay has released a trading update for the second quarter of the current financial year, warning that ‘market headwinds increased sharply’ over the three-month period, leading to a 20 percent drop in group sales across April and May versus 2019 levels.
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