Unilever has named its next CEO. The UK-based FMCG giant will be headed up by Hein Schumacher, effective July 1, 2023 after a month-long handover period with outgoing CEO Alan Jope who announced his intention to retire in September, 2022.
The UK’s Competition and Markets Authority (CMA) has announced a review of the environmental claims made by manufacturers of food, drink, cleaning products, toiletries and personal care items, according to a report published by Reuters.
The Save Cruelty Fee Cosmetics – Commit to a Europe Without Animal Testing European Citizens’ Initiative has garnered some 1.2 million expressions of support from EU citizens, comfortably over the 1 million required.
LVMH has announced its results for the 2022 financial year. The luxury goods conglomerate saw revenue rise 23 percent to a record €79.2 billion and profit leap 23 percent to €21.1 billion.
Procter & Gamble is expanding its logistics heft in Europe with the opening of a supply chain and logistics hub in Greece serving the European market, according to a report published by Hellenic News.
Univar Solutions has announced that it has signed an agreement to acquire Turkish specialty chemicals distributor, Kale Kimya.
L’Occitane-owned Elemis has announced its status as a Certified B Corp, which follows a two-year process.
Twinco Capital has announced it has closed a US$12 million equity and debt round in order to expand its supply chain finance platform.
Beiersdorf has extended its partnership with the World Wildlife Fund for Nature (WWF) and will continue to support the nature conservation organization’s project in West Kalimantan, the Indonesian part of the island for the coming four years.
L’Oréal UK has partnered with Net Zero Now on the initiative Net Zero Salons Programme, which enables hair salons across the UK and Ireland to achieve net zero.
Inter Parfums has announced that for the three months ended December 31, 2022, net sales rose to a record US$311 million, a 47 percent increase from US$211 million in the fourth quarter of 2021.
L’Oréal-owned NYX Professional Makeup has launched a DAO named Gorjs as an online beauty ‘incubator’ as well as 1,000 Ethereum NFTs called FKWME pass, according to a report by L’Oreal Finance.
Portugal’s equivalent of the FDA, Infarmed – Autoridade Nacional do Medicamentos e Produtos de Saude has ordered a recall of L’Oreal-branded cosmetics containing a banned ingredient, according to The Portugal News.
Those who followed the news this time last year will no doubt be surprised to discover that, despite the splashy headlines, some 550 international companies have yet to cease trading in Russia, according to a report published by Euronews quoting a study conducted by Yale.
The Estee Lauder Companies has named Rachel Baker as Vice President General Manager of Jo Malone London UK & Ireland, effective March 1, 2023.
Conde Nast has announced that it will be moving its London offices from their iconic Hanover Square location, according to a report published by The Guardian. The published will relocate from Vogue House to the Adelphi building in Embankment by next January.
Sephora has confirmed the location and specifics of its hotly anticipated UK store. The LVMH-owned retailer re-launched onto the UK market last autumn with an online store and is set to follow up with a bricks and mortar site in March, according to a report published by The Independent.
Beiersdorf-owned Nivea has created a cosmetic sunscreen for a child sufferer of the condition erythropoietic protoporphyria (EPP).
Skincare brand Olehenriksen appoints fashion designer Anine Bing as first Global Scandi Brand Advisor; marks 40th anniversary
Skincare brand Olehenriksen has announced the appointment of fashion designer Anine Bing as its first Global Scandi Brand Advisor.
Skincare brand Augustinus Bader expands into professional beauty with first London Treatment Centre in partnership with Lanserhof
Skincare brand Augustinus Bader has launched its first London treatment centre in partnership with Lanserhof, according to a report by WWD.com.
L’Oréal-owned Lancôme has announced the appointment of a new face of the brand, content creator Emma Chamberlain.
British luxury retailer Harrods has partnered with Yorkshire-based waste management and recycling business, My Group, on a trial scheme to recycle used cosmetics products in the one of the retailer’s H Beauty stores.
Chanel expands travel retail presence; opens fashion and beauty spaces at Paris Roissy-Charles de Gaulle Airport
Chanel has expanded its travel retail presence by opening fashion and beauty spaces at Paris Roissy-Charles de Gaulle Airport, within Terminal One.
Trinny London has filed its accounts for the year to March 2022. The brand, which was founded in 2017 by stylist Trinny Woodall, saw sales hit £23.7 million and turnover reach more than £50 million, according to a report published by the Daily Mail.
L’Oréal’s venture capital fund, BOLD has announced a minority investment in Digital Village. The US-based start-up offers new, scalable technologies for the creation and interaction of digital identities and assets in virtual worlds.
WWF has unveiled a Risk Filter Suite to help companies understand nature-related risks and mitigate against them, contributing to a more sustainable future.
Symrise has announced that it will participate in a Series A funding round for Ignite Venture Studio.
Stella skin care has announced a collaboration with five global pioneers, known for their advocacy and innovation in the fields of environmental and social activism and philanthropy.
LMR Naturals by IFF has unveiled the fruits of a three-year quest to develop a calculation to determine the carbon footprint of a fragrance. The team worked with Carbone 4 to develop the methodology.
The World Economic Forum Annual Meeting 2023 commenced in Davos-Klosters today. The program of the 53rd annual meeting focuses on solutions and public-private cooperation to tackle the world’s most pressing challenges.
Tangle Teezer has announced a new innovation advisory board panel, which will see global business leaders and experts in retail, haircare, technology, ESG and scientific communities help bolster future growth of the company.
Medmix has continued its Asia expansion with the acquisition of a majority stake in Guangdong Qiaoyi Plastic Co, a beauty manufacturing business in Shantou.
L’Oréal Paris has collaborated with collectible toy brand RobbiART on a limited edition collection featuring gift boxes and art toys, according to a report by Jing Daily.
LVMH has made new appointments at Louis Vuitton and Christian Dior, with Pietro Beccari, who has headed Christian Dior Couture since 2018, becomes Chairman and Chief Executive Officer of Louis Vuitton.
GPA Global has announced the acquisition of Cosfibel Group, a luxury packaging, gifting and merchandising player.
UK health and beauty retailer Boots has been named as the official beauty partner for the third series in a row of ITV2’s TV show Love Island.
L’Oréal’s corporate venture fund, BOLD has announced a minority investment in micro-printing firm Prinker. Terms of the deal were not disclosed.
L’Oréal has unveiled two new technology prototypes at CES 2023, including HAPTA and L’Oréal Brow Magic.
Unilever has been named amongst the ‘dirty dozen’ that have failed to properly exit Russia since Vladimir Putin’s attack on Ukraine, according to a report by City A.M.
L’Oréal has announced the promotion of Céline Brucker to General Manager L’Oréal France.
Henkel has signed a 10-year Virtual Power Purchase Agreement (VPPA) with Spanish renewables firm IGNIS relating to two new solar power plants in Spain, due to go live in summer 2024.
Portuguese beauty brand Benamor has partnered with TAP Air Portugal and will supply the airline with toiletries for its business class amenity kits and lounge as well as hand soap for aircraft, according to a report published by Simple Flying.
Interparfums has announced that its Paris-based subsidiary and Lacoste have signed a worldwide exclusive 15-year fragrance license agreement, effective immediately.
Despite train and Royal Mail strikes, severe weather and the cost of living crisis, The Perfume Shop saw sales soar in the run up to Christmas 2022, according to a report published by This is Money. The UK retailer sold a record 1.8 million fragrances between November 28 and December 24.
Beiersdorf has announced that it has purchased a majority stake in Belgian life science firm, S-Biomedic. The German owner of Nivea has invested in the skin microbiome specialist previously as part of its corporate venture capital activities. The purchase price was not disclosed.
Henkel has announced the spin off of its Russian unit, according to a report published by Reuters.
What were we expecting of technology in 2022? Well, after the dominance of internet shopping over the prior two years, more of the same, with bells on. All bets were on livestreaming, already a dominant trend in China, booming in the west.
After the ravages of 2020 and 2021, retailers could have been forgiven for hoping for a smoother ride at the start of 2022. Pandemic restrictions were lifted, IRL shopping was back and even travel was resuming. So far, so hopeful.
Cruelty free cosmetics and product safety have long been the dominant regulatory issues faced by the cosmetics industry but, in 2022, we saw lawmakers turn greater attention to greenwashing and the environmental impact of the products on offer too.
In our humble opinion, 2022 wasn’t a year of huge innovation. Launches were subdued compared to pre-pandemic but if there was one prevailing trend among the launches of the year it was celebrity, celebrity and a bit more celebrity.