Walmart EVP and CFO Brett Biggs resigns; successor to be announced next year
Walmart EVP and CFO Brett Biggs is to step down from his positions, and will begin transitioning from the company in the upcoming year.
New start-up Mintly launches eco-friendly oral wellness products
Newly launched start-up business Mintly has launched a range of eco-friendly oral wellness products.
Edgewell Personal Care acquires feminine and body care brand Billie
l Care Company has announced the acquisition of Billie, a leading U.S. based consumer brand company, in an all-cash transaction of US$310 million.
Fable invests US$2 million in Stratia Skincare
Natura &Co’s investment arm, Fable has invested US$2 million in up and coming skin care brand Stratia, according to a report published by Beauty Inc.
Galderma to acquire Alastin Skincare
Galderma has announced that it has signed a definitive agreement to acquire Alastin Skincare. Financial terms of the deal were not disclosed.
Hims & Hers partner with Uber
Hims & Hers has announced an on-demand delivery partnership with Uber Technologies, enabling consumers to order a wide array of the company’s personal care products via the Uber Eats app.
Black Friday 2021: Store traffic up on 2020 but shoppers spread spend
As America’s biggest shopping event of the year wraps up for another year, it appears that shoppers have been tempted back into bricks and mortar locations; store traffic was up 48 percent on 2020 levels, according to a report published by Bloomberg quoting Sensormatic Solutions.
Coty prices US$500 million of senior secured notes
Coty has announced the pricing of US$500 million of 4.750 percent senior secured notes, due 2029 issued by the US beauty behemoth and its wholly owned subsidiaries, HFC Prestige Products and HFC Prestige International.
Head & Shoulders signs on to another season at FC Barcelona
P&G-owned Head & Shoulders and FC Barcelona have renewed their partnership agreement for another season. The hair care brand will remain a Partner of the Club with exclusivity as the Official Shampoo of FC Barcelona in Indonesia until June 30, 2022.
Mary Kay further commits to ending gender-based violence
Mary Kay and the Mary Kay Ash Foundation have announced a renewed, joint commitment to the prevention and elimination of gender-based violence. The duo have joined the Generation Equality Action on Gender-Based Violence.
Procter & Gamble issues voluntary recall of Old Spice and Secret products following carcinogen found
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Coty advances in prestige skin care with Orveda investment
Coty has announced a licensing agreement with luxury brand Orveda, expanding its reach in the premium skincare market.
Estée Lauder Companies’ La Mer appoints SK-II exec as Senior Vice President
Estée Lauder Companies has appointed a SK-II exec YoeGin Chang as Senior Vice President of its La Mer brand, according to a report by Marketing Interactive.
Estée Lauder Companies appoints Mark Loomis as President North America
The Estée Lauder Companies (ELC) has announced the appointment of Mark Loomis as President North America, effective 1st February, 2022.
Macy’s mulls e-commerce operations separation; CEO Jeff Gennette undecided
the hiring of consultant firm AlixPartners to look into the spin off of its e-commerce operations, however, CEO Jeff Gennette has stated that the company has not reached any predetermined conclusions.
CVS set to shutter 900 stores over three-year period
U.S. retailer CVS Health Corp is set to shutter 900 stores over a three-year period, totalling nearly 10 percent of its U.S. locations, according to The Wall Street Journal.
Former Shiseido SVP joins Coty as Chief Scientific Officer
Coty has announced the appointment of Dr Shimei Fan as Chief Scientific Officer. Fan joins the US beauty behemoth from Shisiedo where she was Senior Vice President of the Americas Innovation Center.
E.l.f. Beauty hits packaging reduction milestone
E.l.f Beauty has announced that it has eliminated more than one million pounds of packaging materials via its Project Unicorn initiative.
CoverGirl breaks into skin care with launch of Clean Fresh line
Coty-owned CoverGirl has announced the launch of its first skin care collection. Clean Fresh Skincare, as the new line has been dubbed, is described as a 100 percent vegan and clean range proven to visibly improve the look of skin.
Lush partners with DoorDash for same-day delivery
Lush has announced a partnership with DoorDash to offer same day delivery from more than 250 stores across the US and Canada.
The Estee Lauder Companies joins Pulpex consortium in bid to scale recyclable paper bottle
The Estee Lauder Companies has announced that it has become the first prestige beauty company to join the Pulpex partner consortium. As a member, Lauder joins a group of leading CPG companies committed to developing paper bottle packaging.
EWG applauds Biden’s choice for FDA Commissioner
The Environmental Working Group has issued a statement applauding President Biden’s nomination of Dr Robert Califf to be the next Commissioner of the Food and Drug Administration.
We’re back, baby: Coty reclaims position as ‘beauty powerhouse’ with ‘All-in to Win’ strategy
Coty has announced its financial goals through 2025 and beyond and reported on its progress to date in transforming the company into a profitable cosmetics company fit for this new era of beauty.
Estée Lauder Companies Group President, North America Chris Good to retire
The Estée Lauder Companies has announced the retirement of Chris Good, Group President, North America, effective 30 June, 2022.
Target reports stellar Q3 with 12.7 percent sales rise; gross margin rate hit by supply chain crisis
Target has reported a 12.7 percent sales rise in Q3, with profits up 47 percent.
Waldencast acquires beauty brands Obagi and Milk Makeup in three-way US$1.2 billion deal
Beauty and wellness operating platform Waldencast has acquired skin care brand Obagi and make-up and skin care company Milk Makeup in a three-way deal valued at US$1.2 billion.
Johnson & Johnson CEO Alex Gorsky joins Apple’s board of directors
Alex Gorsky, CEO of Johnson & Johnson, has joined the Apple board of directors, which comes ahead of his plan to leave J&J in January 2022.
Johnson & Johnson to separate consumer business
Johnson & Johnson has announced a plan to spin off its consumer health business, creating a new publicly traded company.
Melvin Capital ups stake in Coty as KKR retreats
Melvin Capital Management has upped its stake in Coty two-fold, bringing its total share to 5 percent, according to a report published by Bloomberg. The move follows on from KKR’s sale of roughly 20 million shares in Coty, although is said to be unrelated.
Procter & Gamble to acquire Farmacy
Procter & Gamble has struck a deal to purchase Indie skin care brand Farmacy Beauty, according to a report published by WWD.
Court sanctions halt to Johnson & Johnson talc claims
Johnson & Johnson has been granted leave to halt some 38,000 talc claims it is fighting currently, a first step in its plan to wind down the company it set up to deal with the numerous talc claims, according to a report published by Bloomberg.
Coty divests 4.7 percent stake in Wella to KKR
Coty has coined a deal to sell its 4.7 percent stake in Wella in a deal with private investment firm KKR, valued at approximately US$215.7 million.
Procter & Gamble unveils disability-friendly packaging; open sources to cosmetics industry
Procter & Gamble has unveiled its new disability-friendly packaging for one of its beauty lines, and is set to open source it with the rest of the industry.
New Jersey implements ban on cosmetics tested on animals
A new law has been signed in by Governor Phil Murphy that will see New Jersey introduce a ban on cosmetic products that have been tested on animals.
Johnson & Johnson revealed to have ‘influenced’ talc safety report
Emails disclosed in the course of a lawsuit bought by the state of Mississippi against Johnson & Johnson have revealed that the US baby powder manufacturer was involved in selecting scientists to write a report assessing the safety of the talc-based powder in 2009 and, in addition, requested that the final version of the report be amended, according to a report published by Bloomberg.
Macy’s aims to attract and retain workers with new debt-free tuition, high wages and flexible working offering
Macy’s has announced an expansion of its benefits program, which will see it launch a debt-free education initiative, raise minimum wage and expand other benefits.
Coty Q1 2022: Another quarter of improvement as revenues increase by 22 percent
Coty has announced a further quarter of improvement in its financial performance. For the three months ended September 30, 2021, revenues increased 22 percent (reported), above guidance, thanks to a combination of growth in both e-commerce and bricks and mortar outlets.
Fenty Beauty partners with Riot Games
Fenty Beauty has been named an official partner of Riot Games, according to a report published by High Snobiety.
Revlon Q3 2021: Sales rise 9.2 percent but net loss continues to rack up
Revlon has reported its results for the quarter ended September 30, 2021. The US beauty manufacturer delivered net sales of US$521.1 million in Q3 2021, a 9.2 percent rise on the prior year period. All reporting segments recorded revenue growth.
The Lycra Company launches online customer portal
The Lycra Company has announced the launch of Lycra One, an online customer portal said to empower brands, retailers and garment makers to connect to a global network of mills in one convenient platform.
Mary Kay kicks off Gender Equality Challenge
Mary Kay has announced its second World Series of Innovation Challenge in partnership with Network for Teaching Entrepreneurship (NFTE).
The Estee Lauder Companies names winners for Inspiring Women in Science Awards
The Estee Lauder Companies has announced the winners of the Nature Research Awards for Inspiring Winners in Science: Kiana Aran, Associate Professor of Medical Diagnostics and Therapeutics at Keck Graduate Institute and The Parent in Science Movement.
Valisure petitions FDA to recall deodorants
Valisure has submitted a citizen petition to the Commissioner of Food and Drugs calling for tighter regulatory control of antiperspirant and deodorant body sprays as well as a recall of certain products alleged to contain benzene.
Bed, Bath & Beyond shares soar as it launches online store and hits Kroger shelves
Shares in Bed, Bath & Beyond rose sharply last week after the retailer released a trio of positive press releases on Tuesday, according to a report published by The Wall Street Journal.
The Estée Lauder Companies partners with Florida A&M University on program to build next generation of Black beauty leaders in travel retail
The Estée Lauder Companies has announced a new talent and development program in partnership with Florida A&M University (FAMU), which aims to build the next generation of Black beauty leaders in travel retail.
Estée Lauder Companies cuts full year sales forecast as supply chain issues bite
The Estée Lauder Companies has cut its full year sales forecast, citing industry-wide supply chain issued and the ongoing rise of the Delta COVID-19 variant, according to a report by Reuters.
Alibaba’s Tmall Global announces winners of 2021 Go Global 11.11 Pitch Fest
Alibaba Group’s Tmall Global has announced the winners of its 2021 “Go Global 11.11 Pitch Fest,” which has been designed to help small and emerging U.S. brands expand their businesses globally.
The Estee Lauder Companies Q1 2022: net sales up an ‘outstanding’ 23 percent
The Estee Lauder Companies hailed its first quarter results for fiscal 2022 as ‘outstanding’ as it reported a net sales rise of 23 percent for the three months to September 30, 2021.
Dr Kimon Angelides folds Birchbox into newly launched FemTec Health platform
Dr Kimon Angelides has announced the launch of a new venture, FemTec Health, which is described as a women’s health sciences and beauty company using technology and data to transform the health care experience for women.
P&G raises €1.1 billion from overseas investors
Procter & Gamble has filed documents with the US Securities and Exchange Commission detailing funding of €1.1 billion raised via bonds in Euro and Japanese Yen, according to a report published by the Cincinnati Business Courier.
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