Anna Wintour defends Kamala Harris Vogue cover following social media backlash
Vogue U.S. Editor-in-Chief Anna Wintour has defended the recent Vogue cover starring Vice President Elect Kamala Harris following a social media backlash over the lighting and styling of the imagery.
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The Estée Lauder Companies appoints Dave Smith in M&A position
The Estée Lauder Companies has appointed Dave Smith as Senior Vice President of New Business Development, succeeding Shana Randhava, according to a report by WWD.com.
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Kylie Jenner accused of ‘profiting off the pandemic’ following hand sanitizer launch
Kylie Jenner has faced backlash online over the launch of her new Kylie Skin hand sanitizer product, with fans accusing the entrepreneur of profiting from the pandemic.
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iMedia announces 16 new brand launches across television networks: MAC, Annayake and Eleven Skin join roster
iMedia is set to launch 16 new brands across its three national television networks ShopHQ®, ShopBulldogTV and ShopHQHealth during Q1, with a focus on beauty and wellbeing.
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Former Chanel CEO named to Credo Board
Credo has announced the appointment of Maureen Chiquet as an Independent Director of its Board. Chiquet will become the fifth woman to join the clean beauty brand’s Board, shifting the composition to 70 percent female leadership.
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Is Bustle going public? M&A rumors swirl around media group
The US owner of W and Bustle, Bustle Digital Group is rumored to be in talks with ‘blank-check acquisition companies’, according to a report published by Reuters.
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L Brands sees holiday sales rise 5 percent
L Brands has reported net sales of US$3.836 billion for the nine weeks to January 2, 2021, up 5 percent on the equivalent period last year.
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Walgreens Boots Alliance maintains growth guidance for 2021
Walgreens Boots Alliance is maintaining its guidance of low-single digit growth in adjusted earnings per share at constant rates for Fiscal 2021. Shares in the drugstore chain rose as a result last week, per Reuters.
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Unilever Axe causes Twitter storm over Capitol riots tweet
An image of a can of Axe deodorant pictured lying in debris following the raid on the US Capitol last week, posted on Twitter and captioned to the effect that a ‘lonely can of Axe body spray’ had been left behind by rioters, prompted the Unilever brand to condemn the rioters, according to a report published by PR Week.
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US postpones tariff on French goods ‘indefinitely’
The US has promised to delay imposing additional duties on French make-up and accessories; a move initially conceived in response to France’s digital services tax, according to a report published by Reuters.
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OpenGate Capital strikes deal for Solvay’s surfactant business
The Solvay Group has agreed to sell its North American and European amphoteric surfactant business to OpenGate Capital.
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Alliance Consumer Growth snaps up minority stake in SuperOrdinary
Alliance Consumer Growth has completed a minority equity investment in SuperOrdinary. ACG was joined by existing investor Puig in this round of financing.
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Jennifer Lopez launches skin care line
Jennifer Lopez has announced the launch of her own beauty line, JLo Beauty. The range is described as a ‘luxurious skin care collection’, and was developed by Ascendant Beauty.
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YouCam Makeup parent Perfect Corp closes $50 million Series C round
YouCam Makeup parent company Perfect Corp has closed a $50 million seed round, led by Goldman Sachs.
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Coty completes 20 percent acquisition of KKW Beauty
Coty has completed the acquisition of a 20 percent ownership of Kim Kardashian West’s KKW Beauty brand for $200 million.
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M.A.C Cosmetics draws Complaints from fans following Sims collaboration
MAC has caused controversy amongst its fans who voiced disappointment that the brand launched colours from an old palette as part of the recent collaboration with the video game Sims, according to The Metro.
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Procter & Gamble, Billie pull merger following FTC complaint
Procter & Gamble and women’s personal care brand Billie have axed their planned merger following a complaint that was filed by the U.S. Federal Trade Commission in December, according to a report by Reuters.
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Millie Bobbi Brown buys majority stake in Florence by Mills
Millie Bobbi Brown has acquired a majority stake in her Gen Z consumer brand Florence by Mills, with plans to evolve the company past beauty.
CLICK HERE L Brands announces leadership changes at Bath & Body Works
L Brands has announced a slew of leadership changes at Bath & Body Works, with Julie Rosen having been appointed as President.
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Estee Lauder rings in Lunar New Year with new limited-edition collection
Estee Lauder has launched a new limited-edition collection ahead of the Lunar New Year.
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New Avon Company rebrands to The Avon Company
The US off-shoot of Avon, widely known as New Avon Company since it was split from the direct sales giant, is changing its name to The Avon Company. The name change reflects Avon’s heritage as America’s first and leading social selling beauty company, the firm said in a statement.
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Aveda names Arizona Muse as its first Sustainability Advocate as brand goes vegan
Lauder-owned Aveda has named its first Sustainability Advocate as part of a wider drive to become more eco-friendly, according to a report published by WWD. Arizona Muse will front the brand’s sustainability efforts.
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DJ Khaled to enter CBD and Wellness sphere with Endexx partnership
DJ Khaled has announced his entrance into the CBD industry via a partnership with Endexx Corporation. Inspired by the music mogul’s personal wellness journey, the first collection will debut this year.
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Coty’s board to reach female majority as new appointments announced
Coty has announced two appointments to its Board of Directors. Anna Adeola Makanju and Mariasun Aramburuzabala Larregui joined the board on December 18, 2020. Paul S Michaels is standing down after completing a five-year term, resulting in Coty’s Board of Directors reaching a female majority (seven of the 13 Directors).
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THG buys Dermstore.com from Target for US$350 million
THG Holdings has announced that it has agreed to acquire Dermstore.com for US$350 million in cash from Target.
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Head & Shoulders snapped into social for NYE celebrations
Head & Shoulders partnered with Snapchat to spread a little love as 2020 came to an end. The P&G-owned hair care brand leveraged AR tech to allow users to send virtual hugs to friends and family on New Year’s Eve.
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Lessons Learned in 2020 – Sustainability
What did happen?Sustainability agendas have been a mainstay of cosmetic business strategies for years. With governmental and NGO commitments ardently striving for net zero goals and beyond, companies within the beauty sector – one of the worst offenders of single-use...
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Lessons Learned in 2020 – Heritage brands
What did happen?The global path of destruction caused by COVID-19 has been well documented throughout the past 12 months, with China the first casualty of the pandemic. While the rest of the world watched on in horror, consumption in the region all but dried up. The...
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Lessons Learned in 2020 – Events
What happened?Mass gatherings of people, extensive international travel, the unrelenting flow of product – the writing was on the wall for big events as soon as the myriad restrictions and consequences of COVID-19 became clear, and it became one of the hardest hit...
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Lessons Learned in 2020: Finance
WHAT HAPPENED?
M&A activity has been ripe for some time. An upsurge of private investors, the lure of digitally advanced brands perfectly appealing to an online-obsessed audience, and attractive prices has maintained the momentum for years. And 2019 was no exception. However, the glory days were cut short at the beginning of 2020, with COVID-19 forcing companies to put an immediate hold on purchases in favour of looking inwards and stabilising their own brands amidst a flurry of store closures and a drastic fall in sales.
Lessons learned in 2020 – Corporate structure
As 2019 was drawing to a close, it couldn’t have been clearer that virtually all of the sales growth the beauty industry was enjoying was located in one place: Asia. Why then, did companies fail to react as it became increasingly clear that a novel virus was circulating and that China would have to lockdown? The reason? The beauty industry’s corporate structure was stuck in the 20th century. Agile it was not. Local, it was not. Diverse, it was not.
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Condé Nast promotes Anna Wintour to Chief Content Officer
Condé Nast has promoted Vogue’s Anna Wintour to the newly created role of Chief Content Officer.
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Nicole Kidman enters CBD space; joins SeraLabs as first strategic business partner and brand ambassador
Nicole Kidman has joined Cure Pharmaceuticals’ subsidiary SeraLabs as its first strategic business partner and Brand Ambassador, according to Benzinga.com.
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Avon looks to support menopausal women with new skincare system Adapt
Avon is looking to support menopausal women with a new skincare system, Adapt, set to launch in the new year.
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Henkel names President, North America
Henkel has announced the appointment of Steven Essick as President of the North America region as well as Nicolas Krauss as Global Head of Industrials and Electronics and Regional Head of Adhesive Technologies.
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L’Oréal invests in social selling platform, Replika Software
L’Oréal has announced a minority investment in US social selling platform, Replika Software.
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Procter & Gamble announces new CFO
Procter & Gamble has announced the appointment of Andre Schulten as Chief Financial Officer, succeeding Jon Moeller in that capacity.
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Coty has promoted Laurent Mercier to Chief Financial Officer, effective February 15, 2021. The Deputy CFO will take over from Pierre-Andre Terisse from February next year, with the latter assisting in the transition until February 2021 when he will serve as a Coty-designated member of the Board of Wella.
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Federal Trade Commission attempts to block P&G acquisition of Billie
The US competition authority has launched a bid to prevent Procter & Gamble’s purchase of razor start-up Billie going ahead, according to a report published by Tech Crunch.
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Pantone reveals 2021 color of the year as ‘Ultimate Gray’ and ‘Illuminating’ to convey ‘strength and hopefulness’
Pantone has revealed its 2021 color of the year as two standalone hues, 17-5104 Ultimate Gray and PANTONE 13-0647 Illuminating, in a bid to convey ‘strength and positivity.’
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Revlon announces Martine Williamson as Chief Marketing Officer
Revlon has announced the appointment of Martine Williamson as Chief Marketing Officer.
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Terracycle completes $25 million capital raise for Loop
Terracycle has completed a Series A “Founding Investors” capital raise of $25 million for its global reuse platform Loop.
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Amazon knocks Procter & Gamble off top spot as world’s largest advertiser
Amazon has knocked Procter & Gamble off the top spot as the world’s largest advertiser, a position the personal care giant has held, with only one blip, since 1987.
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Hum by Colgate teams up with Headspace app to encourage ‘Mindful Moments’
Colgate-Palmolive has teamed up with Headspace app in a partnership that will see weekly programming offered in the Hum by Colgate app that connects to its smart toothbrushes.
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Spectrum Brands Partners with CVC in bid to acquire Conair
Spectrum Brands has teamed up with private equity firm CVC Capital Partners in an attempt to acquire personal care company Conair Corporation, according to Reuters.
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SkinCeuticals USA names Stephanie Kramer as General Manager
In a leadership change at L’Oréal’s SkinCeuticals USA, Stephanie Kramer has been named as its new General Manager and will succeed Christina Fair, who has been promoted to President, Active Cosmetics Division, North America.
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Smashbox reaches out to the Latinx community via partnership with Julissa Prado and Patty Delgado
Smashbox has announced that it has teamed up with CEO and Founder of Rizos Curls, Julissa Prado and Patty Delgado, Founder and Designed of Hija de tu Madre, to launch a collab and virtual empowerment summit named Smashbox Jefacon.
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Revlon lenders pay-out: Citigroup lawsuit given greenlight
A lawsuit brought by Citigroup against a group of Revlon lenders to whom it mistakenly paid some US$900 million has been given the green light to proceed by a federal judge, according to a report published by Reuters.
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Coty has announced two new leaders to drive its Consumer Beauty unit. Stefano Curti has joined the company as Chief Brands Officer, Consumer Beauty, while Alexis Vaganay has been promoted to Chief Commercial Officer, Consumer Beauty, effective immediately.
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Lush North America defends trans rights record after UK branch gaff
Lush North America has taken to social media to issue an apology from its UK branch after the latter was discovered to have donated £3,000 to an anti-trans lobbying group.
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