The beginning of the end for palm oil? Palmless unveils first consumer product
The platform for sustainable palm oil alternatives, Palmless has launched its first consumer product. Save the F#$%ing Rainforest nourishing oil, as the dual-purpose skin and hair care product has been dubbed, contains Palmless signature ingredient, Torula oil.
Love Wellness names new CEO
Maria Dempsey has been named CEO of Love Wellness, according to a report published by WWD. Dempsey will replace Founder Lo Bosworth, freeing her to focus on the future of the business.
US EPA acts to curb PFAS in drinking water
The US Environmental Protection Agency is hoping to bring in limits to the levels of forever chemicals in drinking water, according to a report published by Reuters.
Entrepreneurs launch Beauty House Ventures, a venture incubator tailored to beauty and lifestyle brands
Entrepreneurs Shaun Neff and PJ Brice have launched Beach House Ventures (BHV), an incubator that’s tailored to beauty and lifestyle brands.
Glossier shakes up c-suite leadership team with new appointments and promotions
Glossier has announced a shake-up of its leadership, expanding its all-women executive team and making several appointments at c-suite level.
Living Proof partners with ByondXR on first foray into Metaverse
Haircare company Living Proof has entered the Metaverse via a partnership with experiential e-commerce creator ByondXR, launching its first virtual reality storefront.
Patrick Ta Beauty announces former Estee Lauder Companies exec Kimberly Villatoro as new CEO
Patrick Ta Beauty has announced former Estee Lauder Companies executive Kimberly Villatoro as its new CEO.
Sephora, Digitas and TikTok partner on incubator program
Sephora and TikTok as well as partner agency Digitas have announced the launch of a partnership to help beauty start-ups navigate the world of creator content. The Sephora x TikTok Incubator Program will connect influencers to beauty brands from the LVMH retailer’s Accelerate program.
Diptyque Americas names former Shiseido executive Chief Marketing Officer
Diptyque Americas has named Jessie Dawes as Chief Marketing Officer, according to a report published by Retail Dive. Dawes joins the luxury candle brand from Shiseido Americas where she held the role of Vice President of Integrated Marketing and Consumer Engagement for Shiseido and Cle de Peau Beaute brands.
Talc supplier ordered to pay US$29.14 million to cancer victim
A South Carolina jury has ordered talc supplier Whittaker, Clark & Daniles to pay US$29.14 million in damages to a woman who developed cancer mesothelioma after using cosmetic products containing talc.
L’Oréal USA announces grant to advance dermatology research for skin of color
L’Oréal USA has announced a US$100,000 research grant to the Skin of Color Society (SOCS). The grant is intended to assist five early-career dermatologists and scientists in furthering their academic careers and promoting the development of innovative ideas in clinical and translational research.
Ieva Group buys back Intuiskin from Unilever
Unilever has sold its majority stake in Intuiskin to Ieva Group for an undisclosed sum, according to a report published by WWD.
Personal Care Products Council names Board Chair
The Personal Care Products Council has announced the election of a new Board Chair: Barbara Menarguez, General Manager of Fragrance and Beauty at Chanel. Joining Menarguez on the Board of Directors are newly elected officers, Unilever’s Esi Eggleston Bracey, L’Oréal’s David Greenberg, Chris Heiert (P&G) and Mark Loomis (The Estee Lauder Companies).
Aptar Beauty acquires iD Scent
Aptar Beauty has acquired iD Scent to further strengthen and expand its portfolio of sampling solutions. Terms of the deal were not disclosed.
New woes for Revlon: company faces hair relaxer cancer claims
As Revlon’s bankruptcy nears its end, the company is being hit with fresh allegations that its hair relaxer products have caused cancer, according to a report by Bloomberg.
Game, set and match to Third Point? Bath & Body Works appoints investor-approved Director
Bath & Body Works has named Thomas Kuhn as a new Director, a decision made following pressure from investor Daniel Loeb’s hedge fund Third Point, according to a report by Reuters.
Mary Kay appoints James Whatley as Chief Information Officer
Direct sales company Mary Kay has appointed James Whatley as Chief Information Officer.
Sulwhasoo announces partnership with The Metropolitan Museum of Art
K-beauty brand Sulwhashoo has announced a year-long partnership with The Metropolitan Museum of Art, which will support a range of Museum programs and activities.
The Estée Lauder Companies names Lahnie Strange as Senior Vice President, Global General Manager, Bobbi Brown Cosmetics
The Estée Lauder Companies has appointed Lahnie Strange as Senior Vice President, Global General Manager, Bobbi Brown Cosmetics.
Macy’s FY2022: comparable sales inch up 0.3 percent
Macy’s has reported its financial results for fiscal 2022. Net sales dropped 0.1 percent for the full year, versus 2021 to reach US$24.4 billion while comparable sale inched up 0.3 percent on 2021 figures and grew a respectable 3.5 percent on pre-pandemic figures.
California cancels Walgreens Boots Alliance over abortion drug stance
The Governor of California, Gavin Newsom has taken to social media to declare that the US State will not ‘do business’ with Walgreens Boots Alliance over the drugstore chain’s decision to cease dispensing abortion drug mifepristone in Republican states, according to a report published by Investing.
The Estee Lauder Companies partners with boom! to empower women in supply chain
The Estee Lauder Companies has announced that it has partnered with boom! Global Network, a community of female supply chain professionals to co-host a day of inspiring conversations about empowering women in supply chain and advancing inclusion and diversity to drive business growth.
CEO pay on the rise and pay gap widens despite cost-of living crisis
Total pay for S&P Chief Executives continues to rise, according to a report titled 100 Most Overpaid CEOs published by As You Sow. The median pay was US$23,455,188 – up 8 percent year-on-year.
Lead counsel named for L’Oréal hair relaxer suit
The US District Judge in Chicago presiding over a class action suit that charges L’Oréal USA with selling hair relaxers that contain carcinogenic ingredients has named Ben Crump and Diandra Debrosse Zimmermann, Micheal London and Fidelma Fitzpatrick as Co-lead Counsel, according to a report published by Reuters.
Interparfums FY 2022: record earnings as operating profit soars 33 percent
Interparfums has reported its results for the 2022 fiscal year. The fragrance giant recorded record earnings for the full year with net income up 40 percent on 2021’s figures and sales rising 26 percent to €706.6 million.
Coty names first Chinese Ambassador for Chloe fragrance
Chloe has appointed Guan Xiaotong as its new Fragrancde Ambassador for China and Travel Retail. The news was shared on Coty’s Instagram account and the actor’s Weibo account last month.
Bath & Body Works: Third Point proxy contest is ‘misguided’
Bath & Body Works has taken to a shareholder letter to call investor Third Point’s proxy contest ‘misguided’.
Kohl’s appoints Dave Alves as President and Chief Operating Officer
Kohl’s has announced the appointment of Dave Alves as President and Chief Operating Officer, effective April.
Target Q4 earnings beat expectations; CEO warns of shifting consumer spending habits
Target has reported a comparable Q4 sales increase of 0.7 percent, on top of 8.9 percent in Q4 2021, driven entirely by an increase in guest traffic.
Live Tinted closes US$10 million Series A funding round
Live Tinted has closed a US$10 million Series A funding round, with investment led by Monogram Partners with other investors including Unilever Ventures, Devonshire Partners and Silas Capital, according to a report by WWD.com.
Walgreens Boots Alliance to sell off part of Deerfield HQ
Walgreens Boots Alliance is poised to sell some two-thirds of its Deerfield HQ, according to a report published by The Real Deal.
Glossier launches in Sephora US and Canada
Glossier is set to hit shelves at some 600 Sephora stores across the US and Canada as well as online and on the Sephora App, extending the brand’s accessibility as well as granting shoppers the chance to earn Beauty Insider points on their purchases.
Revlon’s bankruptcy deal put to vote
Revlon has reached an agreement with its creditors which, if voted through, will allow the US make-up giant to complete the bankruptcy process by April, according to a report published by Reuters.
Third Point piles further pressure on Bath & Body Works
Third Point has sent a letter to Bath & Body Works pushing for a shareholder representative to be added to the US retailer’s Board of Directors.
Beautycounter partners with Ulta
Beautycounter has announced a partnership with Ulta Beauty. From February 26, the clean beauty brand’s range will be available to purchase via the US beauty retailer’s website and, from March 5, in some 500 stores across the US.
Olaplex faces US$75 million hair loss lawsuit
Haircare company Olaplex is facing a US$75 million hair loss lawsuit, with 28 women claiming that the products caused hair loss, blisters and other conditions.
Coty appoints Kristina Strunz as Managing Director for Southeast Asia & Distributor Markets
Coty has named Kristina Strunz as the new Managing Director for Southeast Asia & Distributor Markets.
Inolex names new Board member, CFO and VP Operations
Inolex has welcomed nationally recognized attorney Suzanne S Mayes to its Board of Directors. The ingredients designer has also named Michael Dall CFO and Rob Lopez has been appointed Vice President Operations.
Chanel names Whitney Peak first Black woman to star in Coco Mademoiselle campaign
Chanel has named Whitney Peak as the latest face of its Coco Mademoiselle fragrance. Peak is the first Black woman to front a campaign for a Chanel fragrance, according to a report published by British Vogue.
Clean beauty backlash as moldy make-up trends on TikTok
The value of preservatives could be more widely understood after a Reddit post went viral on TikTok, according to a report published by NBC News.
Mary Kay appoints Chief Experience Officer
Mary Kay has announced the appointment of Sheryl Adkins-Green as Chief Experience Officer. In the new role, Adkins-Green will support the success of the direct sales brand’s millions of consultants through a 360-degree integrated customer experience.
Paco Rabanne names Elle Fanning as face of new fragrance Fame
Paco Rabanne has announced Elle Fanning as the face of its latest feminine fragrance, Fame. The star of The Great is described by the Puig-owned brand as ‘one of the most exciting young actors of her generation’.
Federal judge says J&J must face cancer victim in court
A federal judge has given the go ahead for a 24-year-old cancer sufferer to proceed with a case which claims that the disease was caused by use of Johnson & Johnson’s baby powder, according to a report published by Bloomberg.
Unilever divests Suave brand in North America to Yellow Wood Partners
Unilever has announced the sale of its Suave brand in North America to Yellow Wood Partners LLC.
Pendulum announces Actress Halle Berry as Equity Owner, Investor and Chief Communications Officer
Biotech company Pendulum has announced Actress Halle Berry as Equity Owner, Investor and Chief Communications Officer.
Grove Collaborative continues retail expansion
Grove Collaboration Holdings has debuted its flagship home care brand, Grove Co., on Amazon and Walmart, continuing its retail expansion, while also announcing US$1 million in Amazon sales for its personal care brands Peach not Plastic and vegan skincare brand Superbloom.
Mary Kay hosts Women in STEAM event
Mary Kay hosted a group of 25 young female students for an educational exploration of Women in STEAM in advance of the celebration of the International Day of Women and Girls in Science last week.
Bath & Body Works names new Board member in bid to appease Third Point
Bath & Body Works has announced the appointment of Lucy Brady, President, Grocery & Snacks at Conagra Brands as a new independent member of its Board of Directors. With her appointment, the Board will be composed of 11 Directors, 10 independent and seven whom are members of diverse communities, female, people of color and/or LGBTQIA+.
Unilever to invest US$400 million in Mexico
Unilever is planning to build a new plant in Mexico’s Nuevo Leon region, according to a report published by Reuters. The manufacturer of Dove is planning to invest some US$400 million in the Latin American country over the next three years.
Bed, Bath & Beyond staves off bankruptcy with equity deal
Bed, Bath & Beyond has managed to swerve Chapter 11 proceedings with a last-minute equity deal, according to a report published by Bloomberg. The ailing US retailer is said to have reminded investors of the human cost of its collapse in order to convince them to cough up more cash.
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