DSM-Firmenich has announced the appointment of Katharina Stenholm as Chief Sustainability Officer, effective July 1, 2023.
Could Beauty Pie be poised for further international growth and an IPO? Certainly, its appointment of Kevin Cornils as CEO says bigger things are on the horizon.
Shein has announced the official opening of its Europe, Middle East and Africa (EMEA) headquarters in Dublin, Ireland.
FemTec Health has announced the sale of its Birchbox assets to Retention Brands. The sale took the form of an open bid process and the Birchbox assets were purchased by Retention Brands through an assignment for the benefit of creditors.
The UK’s Advertising Standards Authority has ordered natural deodorant brand Wild to pull an ad that claimed that competing deodorants or antiperspirants caused skin irritation, worsened body odor and were harmful to health.
French President Emmanuel Macron has questioned the need for further environmental regulation from the European Union, according to a report published by the Wall Street Journal.
The British Beauty Council has named Mark Smith, Director General of NATRUE, as Co-Chair of its Sustainable Beauty Council (SBC). Smith will share the role with Jo Chidley, Co-Founder of Beauty Kitchen and Oriele Frank, Co-Founder and Chief Product & Sustainability Officer of Elemis.
Brazil’s competition watchdog has given L’Oréal the go-ahead to proceed with its acquisition of Aesop, according to a report published by Reuters.
Conde Nast has announced the appointment of Nick Hotchkin as CFO, effective immediately. Hotchkin takes over from Jackie Marks, who left the publishing company in March.
Natura &Co may have agreed to sell its thriving fragrance brand, Aesop but it’s not closing the door on the category entirely; Fable Investments, the company’s venture capital fund, has upped its stake in Perfumer H, according to a report published by WWD. Financial terms of the deal were not disclosed.
Unilever is said to have doubled its profits and increased its ad spend in Russia despite public declarations of support for Ukraine’s plight, according to a report published by the Moscow Times.
Chanel has announced Timothee Chalamet as the face of its Bleu fragrance. The French fashion house posted the news on its Instagram account.
Inter Parfums has reported its results for the first quarter of the current financial year. The producer of Montblanc and Jimmy Choo scents recorded net sales of US$311.7 million, up 24 percent on the prior-year quarter.
Johnny Depp signed on for a further term as the face of Dior’s Sauvage last August, which has now been revealed as the most lucrative men’s fragrance deal of all time, according to a report published by TMZ.
L’Oréal has announced that it has successfully priced a public bond offering for an aggregate nominal amount of €2 billion. The new issuance has benefitted from an exceptional market reception with total demand more than 2.2 times the combined volume of the offering.
L’Oréal Paris has announced the creation of a League of Experts. A new artistry-focused collective comprised of top industry talent who will contribute to the brand’s artistic vision through their various areas of beauty expertise.
Cellular Goods has announced that its cannabigerol-based skin care line, Look Better, will be featured on Sephora’s UK e-commerce platform from mid-May.
Lush has revealed that it is now processing more than 80 percent of its manufacturing waste via a new £2.3 million recycling plant, according to a report published by the BBC.
Coty has announced that its Board of Directors has given the green light to the company’s management to explore a listing on the Paris Stock Exchange. If the plan goes ahead, the US beauty behemoth would become a dual-listed company on the New York Stock Exchange and Paris Stock Exchange.
DSM-Firnmenich has announced that its existing co-CEO structure will be changed effective September 1, 2023 as the company completes its merger of equals. Dimitri de Vreeze will take on the role of sole CEO while Ralf Schmeitz has been named CFO.
Shareholders of UK-based FMCG manufacturer, Unilever have voted against a remuneration report, according to a report published by the Financial Times, a move that may concern the next CEO, Hein Schumacher who is due to join the company in July.
Following a UK High Court ruling on a judicial review of the Home Office’s policy on animal testing in the UK, the CTPA has issued a statement contradicting media reports that suggest that animal testing could be reintroduced.
Henkel has reported its results for the first quarter of fiscal 2023. The German manufacturer of Schwarzkopf reported sales of €5.6 billion, up 6.6 percent in organic terms.
Unilever and P&G-owned brands are scaling down their product sizes in order to avoid ramping up their prices still more, according to a report published by The Grocer.
L’Occitane has announced its unaudited results for the quarter ended March 31, 2023 (Q4 2023). In the 12 months ended March 31, 2023, the group’s net sales passed the €2 billion mark for the first time, hitting €2.135 billion, up 13.4 percent yoy at constant rates (+17.9 percent reported).
L’Oréal has been named as the world’s most valuable cosmetics brand in the Brand Finance Cosmetics 50 2023 ranking. The French beauty giant’s brand value rose 7 percent last year to hit US$12 million. Placed second was Estee Lauder ahead of Nivea, Gillette and Dove.
Apollo Global Management is said to be putting together an offer for UK-based THG, according to a report published by Sky News, and has bought the former CEO of Coty, Camillo Pane, on board to help draw it up.
The Inkey List has named Stephanie Davis Michelman as CEO, according to a report published by WWD. Michelman joins from LVMH where she held the role of Global Chief Marketing Officer, Benefit Cosmetics.
Finnish start-up, Montinutra has announced a partnership with personal care manufacturer Ole Hyva to bring its highly sustainable, zero-waste, closed-loop beauty ingredients to the consumer market, according to a report published by Tech EU.
Oriflame has become the latest beauty firm to announce the sale of assets in Russia, according to a report published by Direct Selling News. The deal is expected to close in the second quarter of the year.
Germany, the Netherlands, France and three further Member States are calling on the European Union to legislate in order to prevent the release of microplastics into the environment, according to a report published by Reuters.
The Czech equivalent of the FDA is proposing a ban on CBD-based products and other hemp-derived cannabinoids, according to a report published by Hemp Today.
Beiersdorf has confirmed that it achieved an organic sales increase of 12.2 percent in the first quarter of fiscal 2023. The German skin care manufacturer said that its Nivea brand, in particular, had an ‘outstanding’ first quarter.
A UK-based feminist organisation, Level Up is calling on L’Oréal to pull its chemical hair relaxers from shelves after a key ingredient was linked to a higher risk of cancer, according to a report published by The Guardian.
Unilever has beaten Q1 sales forecasts, reporting underlying sales growth of 10.5 percent.
Kering has reported a 2 percent sales gain in Q1 2023, falling behind rivals LVMH and Hermès.
Dior has announced Actress Alexandra Daddario as its newest ambassador for women’s fashion and fragrance.
LVMH’s market value has been sent to new heights thanks to the relaxation of Covid-related restrictions in China, according to a report published by the Financial Times. The French luxury conglomerate has become the first European company with a market value of US$500 billion.
Kering has agreed to pay a record £13 million per year to lease a six-storey building on London’s luxury hub, Bond Street, according to a report published by the Retail Gazette.
Henkel has agreed to sell its business activities in Russia to a consortium of local financial investors for approximately €600 million. The German manufacturer of Schwarzkopf announced its plan to exit the Russian market in April 2022.
Employees of UK-based ethical cosmetics brand, Lush will receive a welcome pay rise this month, according to a report published by Business Live. The UK bath bomb manufacturer pays the Real Living Wage, which will increase to £10.90 per hour; or £11.95 per hour for London-based staff.
TikTok is profiting from the sale of fake beauty products, according to a report published by The Observer newspaper.
L’Oréal has announced three new recipients of its Fund for Nature Regeneration: NetZero, ReforesTerra and Mangroves Now. The latest projects were selected following due diligence and based on key criteria including business model readiness, economic viability, and positive environmental and social impacts.
Kering has announced that the Italian premises of its Gucci brand are being inspected by the European Commission as part of a preliminary investigation into the fashion sector in several countries under EU antitrust rules.
L’Oréal has reported a strong Q1, with sales reaching 10.38 billion euros, an increase of 13.0 percent on like-for-like basis and, 14.6 percent based on reported figures.
The Body Shop has stated it is in entering a new chapter with David Boynton stepping down as Chief Executive, and Ian Bickley, a Natura &Co Board Director, taking the helm as interim CEO.
Dior has opened a new spa carriage aboard the Royal Scotsman, a Belmond train, according to CLAD News.
THG has confirmed a non-binding acquisition proposal from private equity business Apollo Global Management, sending shares soaring as much as 47 percent.
Roam has created a range of inclusive condoms that match skin tone, in shades Dark Brown, Medium Brown, Light Brown and Original Latex.
The former CEO of Louis Vuitton, Michael Burke, is rumoured to be the favourite to become the Chairman and CEO of LVMH Fashion Group, according to a report published by Bloomberg quoting an online fashion publication.