Target pledges to spend more than US$2 billion with Black-owned businesses by 2025
Target has announced that it will spend more than US$2 billion with Black-owned businesses by the end of 2025. The US retailer has committed to add products across its multi-category assortment from more than 500 Black-owned companies.
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Revlon lenders petition judge to release frozen funds
The Revlon lenders battling with Citigroup to retain some US$500 million paid over in error have argued that they should be free to use the money as they see fit, according to a report published by Reuters.
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The Estee Lauder Companies announces retirement of EVP, Global Communications
The Estee Lauder Companies has announced the planned retirement of Alexandra Trower, Executive Vice President, Global Communications, on July 1, 2021. Her successor is yet to be announced.
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Sally Beauty to stock all four Cultivate Cohort brands
Sally Beauty has announced that all four brands selected for its accelerator program, Cultivate, will be stocked on its website and CosmoProfBeauty.com.
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Amyris names Reese Witherspoon Global Brand Ambassador for Biossance
Amyris has announced a five-year partnership with Reese Witherspoon as Global Brand Ambassador for its Biossance brand.
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Forsythe Cosmetics President charged for violating Iran sanctions
The President of Forsythe Cosmetics Group, Michael Rose has been charged for his supposed involvement in a plan to skirt US economic sanctions on Iran, according to a report published by Reuters.
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Kim Kardashian to follow in footsteps of Kylie Jenner with new skincare line SKKN by Kim
Kim Kardashian is set to follow in the footsteps of her younger sister Kylie Jenner, with the imminent launch of a new skincare line, named SKKN by Kim.
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e.l.f. Cosmetics joins forces with Jen Atkin on new beauty range
e.l.f. Cosmetics has joined forces with haircare expert and Ouai Founder Jen Atkin on the new e.l.f. xx Jen Atkin Collection.
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Afterpay launches ‘top-up’ program to promote sustainable shopping
Buy now, pay later provider Afterpay has launched a top-up program that allows customers to donate $1 at check out to charitable causes in a bid to promote sustainable shopping.
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The Estée Lauder Companies joins the Global Shea Alliance
The Estée Lauder Companies (ELC) has joined the Global Shea Alliance (GSA) to ‘further embed inclusivity and sustainability’ throughout its value chain.
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The Estée Lauder Companies winds down Rodin Olio Lusso operations
he Estée Lauder Companies has announced it is to wind down operations of skin care brand Rodin Olio Lusso, according to a report by WWD.com.
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APHA launches resource to standardize hemp terminology
The American Herbal Products Association (APHA) has published a Hemp Lexicon in order to standardize the terminology used in the cultivation, processing, manufacturing and labelling of hemp and products derived from hemp in the U.S.
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Megan Thee Stallion unveiled as face of new Revlon fragrance Reign On
Megan Thee Stallion has been announced as the face of Revlon’s new fragrance Reign On.
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Maybelline names K-pop’s ITZY as global spokesmodels
L’Oréal-owned Maybelline New York has announced K-pop band ITZY as its newest global spokesmodels and the first-ever musical group to be signed by the brand.
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Now Neutrogena debuts its own Studio
Neutrogena has launched its own studio, according to a report published by Media Post. The Johnson & Johnson-owned brand will kick off its content output with a documentary short.
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Meghan Markle invests in Clevr Blends
Wellness start-up Clevr Blends has welcomed a high-profile investor on board, according to a report published by Haute Living. Meghan Markle is said to have invested an undisclosed amount in the latte-mix brand.
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L’Oréal prevails in Olaplex appeal
L’Oréal has prevailed in the latest instalment of its ongoing battle with Olaplex. The US Court of Appeals for the Federal Circuit overturned an earlier Federal Court judgement that the French beauty giant infringed the indie’s patented hair coloring system, according to a report published by Reuters.
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Investment in wellness continues apace as Cornell-led investors buy out INW
Innovations in Nutrition + Wellness (INW) and Cornell Capital have announced that a group of investors led by Cornell together with INW leadership have acquired INW from Rosewood Private Investments for an undisclosed sum.
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Crayola teams up with MOB Beauty to develop inclusive palette
Crayon specialist Crayola marked Canada’s National Crayon Day this year with the launch of 24 specially formulated crayons designed to mirror and represent over 40 global skin tones across the world.
CLICK HEREP&G ramps up opportunities for Black creators as it aims to improve portrayal of ‘Black life’ on screen
Procter & Gamble has announced the creation of a new platform, named Widen the Screen’ that enables and advocates for the increased inclusion of Black creators across advertising, film and television.
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Yoma Wellness acquires cannabinoid manufacturer Socati Corp
Yoma Wellness has announced the acquisition of U.S. based cannabinoid ingredients and consumer products manufacturer, Socati Corp.
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Amorepacific’s HERA launches signature Rouge Holic range onto Amazon U.S.
Amorepacific-owned HERA is launching its Rouge Holic brand onto Amazon U.S.
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Sunday II Sunday closes US$4.2 million Series A round
Infinite Looks has announced that its Sunday II Sunday brand has closed a US$4.2 million Series A funding round. Johnson & Johnson was named as lead investor with participation from Ignite Venture Studio and Symrise.
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Nu Skin Enterprises sees 125 percent shares surge: here’s why
Nu Skin Enterprises has seen its shares swell 125.1 percent in the past year, according to a report published by Nasdaq, compiled by Zacks Equity Research. Considerably above the wider industry benchmark of +55.1 percent growth.
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Dior Beauty names Christian Serratos US brand ambassador
LVMH-owned Dior Beauty has named Christian Serratos as Brand Ambassador for the US market, according to a report published by WWD.
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Palmolive launches 100 percent PCR plastic bottle for dish soap range
Colgate-Palmolive is set to save some 5,200 tons of plastic a year out of landfills in the US and Canada thanks to the roll out of a 100 percent post-consumer recycled (PCR) plastic bottle for its Palmolive Ultra dish soap range in North America.
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New York on brink of decriminalizing marijuana; state to regulate cannabis products
New York State is set to greenlight the recreational use of marijuana, according to a report published by The Wall Street Journal.
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Encore Consumer Capital invests in Love Wellness
Private equity firm Encore Consumer Capital has announced that it has completed an investment in Olgilvie Brands, otherwise known as Love Wellness.
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Ralph Lauren reduces water waste with new dying process
Ralph Lauren is changing the way it dyes its clothes in order to drastically reduce its water waste, via a new dyeing platform named Color on Demand, according to a report by Bloomberg.
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Unilever North America invests $15 million in recycling initiative Closed Loop Partners’ Leadership Fund
Unilever North America has invested $15 million in the Closed Loop Partners’ Leadership Fund in a bid to help recycle around 60,000 metric tons of U.S. plastic packaging annually by 2025, amounting to more than half of Unilever North America’s plastic footprint in the U.S.
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Maybelline New York announces Storm Reid as Global Spokesperson
Maybelline New York has announced Storm Reid as its new Global Spokesperson.
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Sally Beauty appoints Kim McIntosh Group Vice President, Controller and Chief Accounting Officer
Sally Beauty Holdings has appointed Kim McIntosh as Group Vice President, Controller, and Chief Accounting Officer.
CLICK HEREDove Men+Care challenges stereotypes with March madness campaign
Unilever-owned Dove Men+Care is hoping to encourage white men to see Black men as multidimensional after research revealed that, when shown an image of a Black men, white men are more likely to describe him as an athlete over any other profession.
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L Brands to welcome two new Board members as Wexner steps down
L Brands has announced the appointment of two new members of its Board; Francis Hondel, President of Loyalty and Engagement at Mastercard and Danielle Lee, Chief Fan Officer for the NBA.
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P&G to face class action suit over charcoal toothpaste claims
Procter & Gamble-owned Crest could be called upon to defend itself in a class action lawsuit, bought against the US FMCG giant by a New York resident who alleges that P&G over-egged the benefits of its activated charcoal toothpaste on purpose, according to a report published by the Cincinnati Business Courier.
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Clarins names new USA GM as Boilard-Paul departs
Clarins has announced that Danyelle Boilard-Paul, Executive Vice President and General Manager of Clarins USA is leaving the company on August 31, 2021, after 19 years to pursue new opportunities.
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L’Oréal Canada appeals to start-ups with open innovation challenge
L’Oréal Canada has partnered with Bonjour Startup Montreal to launch an open innovation challenge with which it is seeking to collaborate with innovative Canadian start-ups to revolutionize beauty through novel technology.
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P&G’s Charmin debuts collectible cryptocurrency digital art
P&G-owned Charmin has released its non-fungible token (NFT) crypto collection – three original pieces of digital TP art. The toilet paper brand will auction off the art with proceeds benefitting Direct Relief.
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Amway announces sweeping job cuts
Amway has announced that it is to cut around 6 percent of its global workforce, approximately 900 roles, with the majority to be axed from the direct sales giant’s West Michigan HQ, according to a report published by MiBiz.
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MAC to reduce NY footprint by 10,000 sq ft with sublet of four stores
Lauder-owned MAC has hired Cushman & Wakefield to help it sublease four of its New York City stores, according to a report published by The Real Deal.
CLICK HEREColgate-Palmolive focuses on wellness with new Co. by Colgate collection
Colgate-Palmolive is focusing on wellness with the launch of its new Co. by Colgate collection, with is said to bolster self-expression.
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Inolex promotes Lisa Gandolfi to Vice President Marketing
Inolex has announced the promotion of Lisa Gandolfi to Vice President Marketing.
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Estée Lauder expands partnership with QVC with livestream video launch
Estée Lauder has expanded its partnership with QVC and is now featured across all of the shopping channel’s platform including a livestream video launch.
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Wella Company announces digital global We Create event
Wella Company has announced its first global ‘We Create’ digital event, which will be an agenda of shows, seminars and conversations aimed at beauty professionals.
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Virginia approves law banning sale of newly animal-tested products
Virginia has signed the Virginia Humane Cosmetics Act into law, which will prohibit the sale of newly animal-tested products, according to a report by NBC 12.
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B2B e-commerce platform NuOrder raises $45 million investment; Net-a-Porter Founder’s venture capital firm leads
NuOrder, a B2B e-commerce platform, has raised $45 million in an investment round led by Net-a-Porter Founder Natalie Massenet’s venture capital firm Imaginary Ventures.
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Ulta Beauty pulls Teen Vogue ads after anti-Asian tweets
Ulta Beauty has pressed pause on ad bookings with Teen Vogue after it emerged that the Conde Nast website’s Editor-in-Chief has posted anti-Asian sentiments on social media, according to a report published by Yahoo Finance.
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Hailey Bieber launches beauty YouTube channel
Hailey Bieber is set to star in her own YouTube series. The model and media personality has teamed up with OBB Pictures to launch her own channel, according to a report published by Deadline and posted on OBB Media’s website.
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American Securities to acquire Conair Corporation
Conair Corporation has announced that it has entered into a definitive agreement to be acquired by affiliates of American Securities for an undisclosed sum.
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Revlon Q4 2020: Perelman hails ‘positive developments’ despite 10.4 percent sales drop
Revlon CEO Debra Perelman said that the US beauty firm saw ‘positive developments’ in the final quarter of fiscal 2020, despite reporting a 10.4 percent drop in net sales to US$626.2 million.
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