The Estée Lauder Companies announces updates to the travel retail leadership team
The Estée Lauder Companies (ELC) has announced changes to its travel retail leadership team, with Alice Marvillet appointed as Senior Vice President, General Manager, Estée Lauder, Travel Retail Worldwide.
Sephora announces participants for 2023 Accelerate Brand Incubator program; continues focus on BIPOC brand founders
Sephora has announced the participants for its 2023 Accelerate brand incubator, with a cohort of seven BIPOC brand founders spanning fragrance, makeup, and skincare.
Bath & Body Works appoints Gina Boswell as Chief Executive Officer
Bath & Body Works has announced the appointment of Gina Boswell as Chief Executive Officer and a member of the board.
L’Oréal Paris USA hosts Women of Worth celebration in honor of heroic women
L’Oréal has hosted the 2022 L’Oréal Paris Women of Worth celebration, announcing the National Honoree and Karen T. Fondu Impact Award Winner.
MAC launches Whitney Houston limited-edition make-up line
MAC has launched a limited-edition Whitney Houston make-up line, which features products and shades inspired by the late singer and actress.
L’Oréal USA ushers in own impact labeling system
In the absence of a consensus on environmental impact labeling, L’Oréal USA is going it alone. The French beauty giant’s US arm has announced that it is following in the footsteps of its French counterpart and ushering in a ranking on product labels, which will score products on a scale from A to E based on their planetary impact.
Procter & Gamble settles benzene class action for US$8 million
Procter & Gamble has settled a class action suit for US$8 million dollars, according to a report published by Top Class Actions. The US FMCG manufacturer stood charged with selling aerosol products contaminated with benzene.
Citigroup in talks over retrieval of mistaken Revlon payout
Citigroup is said to be in talks with a view to recouping the US$500 million it paid over to Revlon creditors in error in 2020, according to a report published by Reuters.
P&G shareholders revolt over deforestation progress
Holders of Procter & Gamble stock are calling on the US FMCG giant to name an independent chair, according to a report published by Investment Week.
L’Oréal USA names first Chief Transformation Officer for North America
L’Oréal USA has announced the appointment of COO Rahquel Purcell as the first Chief Transformation Officer for the French beauty giant’s North America region. Purcell will lead the newly formed North America Transformation Office.
Enter the Magentaverse: Pantone unveils Color of the Year 2023
Pantone has announced its Color of the Year 2023: Viba Magenta 18-1750. The shade is said to ‘vibrate with vim and vigor’, a shade rooted in nature and descended form the red family and expressive of a new signal of strength.
UK WILL get Sephora store; retailer names Managing Director for UK market
Sephora has appointed Sarah Boyd as Managing Director, UK, according to a report published by WWD. Boyd will take over from Sarah Miles, who is leaving the LVMH-owned specialty retailer to pursue an opportunity outside the company.
What recession? Ulta reports sales rise of 4.6 percent in Q3 2022
Ulta Beauty has announced its results for the third quarter of fiscal 2022. The US retailer saw comparable sales increase 14.6 percent in the 13 weeks to October 29, 2022 compared to the same period in 2021 and increased its outlook for fiscal 2022 accordingly.
Avon partners with Perfect Corp on personalised product recommendations and AR virtual try-on
Avon has partnered with Perfect Corp to launch a virtual try-on (VTO) online shopping experience in nine initial markets, including the UK.
Dolly Parton poised to launch new fragrance
After a sell-out debut, Dolly Parton and Scent Beauty is set to launch an expanded fragrance offer in time for the holidays, according to a report published by License Global.
Neutrogena faces class action over high cost of ‘identical’ baby sunscreen
A consumer has launched a class action lawsuit against Johnson & Johnson-owned Neutrogena alleging that its SPF50 sunscreen for babies is identical to the adult equivalent but being sold at a higher price, according to a report published by Top Class Actions.
L’Oréal to face multiple lawsuits over hair relaxers linked to cancer
Lawsuits have been filed in the states of New York, California and Illinois claiming that regular use of chemical hair straighteners produced by L’Oréal, among other companies, caused the plaintiffs to develop cancer, according to a report published by The Daily Mail.
Sephora appoints Guillaume Motte as new CEO
Sephora has appointed Guillaume Motte as its new President and Chief Executive Officer, effective 1st January, according to a report by WWD.
L’Oréal USA names President, Maybelline New York, Essie and Garnier
L’Oréal USA has announced the appointment of Amy Whang as President of Maybelline New York, Garner and Essie for the United States. Whang will also join the management committee.
No deal: P&G to pursue organic growth, not M&A
Procter & Gamble is concentrating on organic growth, and is not planning to build its portfolio via mergers and acquisitions, according to a report published by Bloomberg, quoting the US FMCGC giant’s CEO, Jon Moeller.
Macy’s Q3 2022: sales down 3.9 percent yoy but above pre-pandemic levels
Macy’s has reported its results for the third quarter of 2022 and reaffirmed its annual guidance. The US department store chain saw net sales drop 3.9 percent versus the same period a year-ago to US$5.2 billion but, compared to pre-pandemic levels in 2019, sales rose 1.1 percent.
Berkshire Hathaway bows out of P&G
Warren Buffet’s Berkshire Hathaway has dissolved its stake in Procter & Gamble, according to a report published by Nasdaq quoting a regulatory filing as its source.
Amazon sued for US$1 billion over competition law breach
Amazon is set to defend its Buy Box in a UK court after law firm Hausfeld & Co named the US e-commerce behemoth as defendant in a suit that alleges the promotional tool breaches UK and EU competition law, according to a report published by The Wall Street Journal.
Walmart Q3: Revenue rises 8.7 percent
Walmart has reported its results for the third quarter of the current financial year. The US retail behemoth delivered revenue growth of 8.7 percent with strength across its various segments, Walmart US, Sam’s Club, Flipkart and Walmex. Total revenue was US$152.8 billion.
Target Q3 results disappoint due to ‘significant change in consumer shopping patterns’
Target is feeling the hit of a slowdown in consumer spending, with its Q3 results falling short of Wall Street expectations.
The Estée Lauder Companies finalises Tom Ford brand acquisition in US$2.8 billion deal
The Estée Lauder Companies (ELC) has announced it has signed an agreement to acquire the Tom Ford brand and all its intellectual properties in a deal worth US$2.8 billion.
Sephora Canada appoints Thomas Haupt as Country General Manager
Sephora Canada has appointed Thomas Haupt as its Country General Manager, with Haupt replacing the outgoing General Manager, Gregory Bruyer.
Coty launches first cradle-to-cradle certified refillable perfume
Coty has announced the launch of its first refillable fragrance and what it is claiming to the first ever such fragrance to receive a C2C Certified Material Health Certificate at the Silver level.
Milk Makeup owner publishes Q3 2022 results; net sales stand at US$78.9 million
Waldencast has announced its results for the third quarter of fiscal 2022. The wellness platform, which recently combined businesses with Obagi Global and Milk Makeup posted net sales of US$78.9 million.
California sues 3M, DuPont et al to claw back ‘staggering’ clean-up cost of forever chemicals
The Attorney General of California is taking several chemicals manufacturers, including 3M and DuPont, to court in a bid to claw back the ‘staggering’ cost of cleaning up forever chemicals, according to a report published by Reuters.
Walgreens Boots Alliance to link bonus plan to disability representation
Walgreens Boots Alliance has announced that it is strengthening its commitment to increasing the representation of people with disabilities at all levels across its US segments and redesigning its annual bonus plan to include a disability representation metric to drive this commitment.
Has Estee Lauder clinched Tom Ford deal for US$2.8 billion?
The Estee Lauder Companies is poised to clinch a deal for Tom Ford for US$2.8 billion, according to a report published by the Financial Times. At the time of writing, an official announcement was expected imminently but was not released before our news deadline.
Target brings ColourPop range to bricks and mortar
Viral beauty brand, ColourPop is launching an exclusive collection in Target stores, according to a report published by Allure.
Kohl’s announces interim CEO as Gass departs for Levi’s
Kohl’s has announced that its Chief Executive Officer, Michelle Gass is to step down from her role as CEO to accept another opportunity.
Augustinus Bader becomes billion-dollar brand
Augustinus Bader has announced the closure of a US$15 million strategic funding round led by existing investor Impala and newcomer General Atlantic. The round saw the luxury skin care and hair care brand achieve a US$1 billion valuation.
Target to transition to larger stores
Target has announced the latest iteration of its new store strategy and design: larger-format stores of almost 150,000 square feet featuring a more open layout and localized elements.
L’Oréal USA ushers in concierge service to lure employees back to the office
L’Oréal USA is incentivising employees back into the office with the launch of a concierge service that will take care of daily chores such as collecting dry cleaning, picking up pets and refilling cars with gas, according to a report published by the Daily Mail.
Revlon sales fall 10.1 year on year; net loss triples to US$152.8 million
Revlon has reported a Q3 sales fall of 10 percent, with the beauty giant continuing to face financial turbulence after filing for Chapter 11 financial restructuring in June this year.
Fisk Industries acquires pubic hair dye brand bettybeauty
Personal care manufacturer and distributor Fisk Industries has announced the acquisition of pubic hair dye brand bettybeauty.
Coty announces cash tender offers for approximately US$200 million outstanding debt securities
Coty has announced offers to purchase for cash up to US$100 million of its U.S. dollar-denominated notes, as well as up to €100M of its Euro-denominated notes.
Coty Q1 results bolstered by fast growth in mass market division
Coty has reported better-than-expected Q1 revenue, bolstered by faster growth in its mass-market division, which grew 12 percent YOY.
Chemical plant fire at Symrise Georgia plant under investigation
A chemical plant fire took place at the Symrise chemical plant in Georgia, with the plant suffering a series of explosions after bursting into flames, with the fire now under investigation, according to Fox News.
Peace Out Skincare Receives a US$20 million investment from 5th Century Partners
Peace Out Skincare has announced that it has received a US$20 million investment from 5th Century Partners, it’s first outside investment.
FDA poised to up color certification fees
The US Food and Drugs Administration has issued a proposed rule to amend the color additive regulations to increase the fees for certification services.
Air France and Clarins launch spa in JFK lounge
Air France and Clarins have teamed up to launch a new spa in the New York-JFK lounge. The new 30 sq m space is reserved for La Premiere, Business and Flying Blue Elite Plus customers.
Bed, Bath & Beyond Customer and Technology Chief resigns days after data breach
Bed, Bath & Beyond has announced that its Chief Customer and Technology Officer, Rafeh Masood will leave the company on December 2, 2022.
Elf Beauty Q2 2023: Outlook raised as sales soar 33 percent
Elf Beauty has announced its results for the three- and six-month period ended September 30, 2022.
Bath & Body Works names CEO
Bath & Body Works has announced that its Board of Directors has appointed Gina Boswell as Chief Executive Officer and a Member of the Board, effective December 1, 2022.
L’Oréal USA announces 2022 For Women in Science fellows
L’Oréal USA has announced the recipients of its 2022 For Women in Science Fellowship. This year’s Fellows focus is on the areas of biomedical engineering, ecology, mathematics, microbiology and neuroscience.
Bubble Skincare expands distribution into specialty retail; launches into Ulta Beauty
Skincare brand Bubble Skin has expanded its distribution into specialty retail, having launched into Ulta Beauty.
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