L’Oréal hit with permanent injunction against the sale of nine hair care products in ongoing Olaplex legal proceedings
L’Oréal has received a permanent injunction instructing it to end the sale of nine hair care products as well as treatments for the likes of Matrix, Redken and L’Oréal Professional. Applicable to the U.S., the injunction follows the recent ruling in the two-year court...
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Mediheal brings cult ‘Love Me’ sheet mask to the U.S. after product sells out in three hours following Korean launch
Korean sheet mask brand Mediheal has announced the launch of its cult Love Me product into the U.S. market following the successful entry into the Korean market back in May, which saw the item sell out in just three hours. The mask is being sold in the States via...
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Ulta addresses racial profiling controversy
Ulta has addressed the ongoing racial profiling controversy abounding the internet, having released a statement to Today stating it stands for ‘equality, inclusivity and acceptance and strive to create a space that is welcoming to all.’ The U.S. retailer has come...
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Unilever U.S. appoints Terry Thomas as new EVP of Customer Development
Unilever U.S. has appointed Terry Thomas the new EVP of Customer Development, according to a report by Progressive Grocer. Set to succeed Gina Boswell, who is retiring from the company after eight years, Thomas takes on the new role from his previous position as head...
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Estée Lauder reports stellar Q4 despite trade tensions and Hong Kong riots
Estée Lauder has beaten industry estimates with its Q4 results with net sales increasing 9 percent to $14.86 billion. The company has reported net sales growth in nearly all product categories. The news sees off concerns regarding the current China/U.S. trade tensions...
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Maybelline New York launches new liquid lipstick collection with artist Ashley Longshore
L’Oréal-owned Maybelline New York has launched a new range of liquid lipsticks in collaboration with mixed media artist Ashley Longshore, encased in quirky packaging evocative of K-beauty brands. The new Maybelline New York x Ashley Longshore collection comes in six...
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Procter & Gamble contributes $178 million to pension fund
Procter & Gamble has contributed $178 million to its global defined benefit plans in the fiscal year ending June 30, according to a report by Pensions & Investments. Divulged in a 10-K filing with the Securities and Exchange Commission, it did not state how...
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Revlon looks to Goldman Sachs for help exploring strategic options
Revlon is said to be looking to Goldman Sachs as it hopes to explore strategic options for the company, according to a report by Bloomberg. Citing ‘a person with knowledge of the matter’, it was reported that Revlon is exploring all options including a sale of parts...
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Blackrock acquires stake in Juicy Couture owner Authentic Brands
Asset management company Blackrock has acquired a $870 million stake in Juicy Couture owner Authentic Brands through its new private equity fund Long Term Private Capital, according to a report by the Financial Times. The private equity fund has acquired a $875...
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Selena Gomez files trademark for new beauty range
Selena Gomez is set to launch a new beauty range having filed paperwork at the U.S. Patent and Trademark Office to create a line of ‘Selena Gomez’ products. The pop star will join the likes of musicians Lada Gaga and Rihanna in the cosmetics space, with a range of...
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Kohl’s partners with Facebook to give niche online brands space in retail store
U.S. retailer Kohl's has teamed up with Facebook in a bid to find trendy online brands and give them space in its retail store, according to a report by The Drum. The new initiative will see Kohl's pay Facebook an undisclosed sum in order to sift through brands on its...
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Herbivore secures $15 million in Series A funding as it looks to outside investment for the first time
Skincare brand Herbivore has secured $15 million in Series A funding led by Silas Capital, a venture and growth equity firm, with participation by Stage 1 fund, a newly formed consumer-focussed venture capital firm. The move signals the first time the company has...
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Cruelty Free International applauds Illinois on becoming third state to ban sale of animal-tested cosmetics
Animal welfare charity Cruelty Free International has welcomed the news that Illinois has become the third U.S. state to ban the sale of cosmetics tested on animals. The new law was signed this week by Governor J.B. Pritzker and bans the ‘import or sale of any...
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AMA Laboratories owner charged with manipulating sunscreen test results
Gabriel Letizia Jr., the owner and Executive Director of New York-based testing company AMA Laboratories has been charged with falsifying test results on sunscreen and other products over a period of 30 years, according to a report by Daily Voice Plus. Letizia was...
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If Nars set out to be provocative with its latest Instagram video, then mission accomplished. The Shiseido-owned make-up brand has long used a little sexual frisson to market its products, with lipstick names such as G Spot and Orgasm but the latest wheeze moves its...
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Olaplex triumphs in L’Oréal suit
Olaplex has prevailed in a lawsuit bought against L’Oréal some three years ago, according to a report published by WWD. A US jury ruled in Olaplex’s favor in this David-versus-Goliath battle, in which Olaplex accused the French beauty giant of staging a buyout...
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Elf Beauty: sales ‘exceed expectations’; up 3 percent in transition period
Elf Beauty has announced its results for the transition period ended March 31, 2019. The company changed its fiscal year to run from April 1 to March 31, instead of January 1 to December 31 to better coincide with its annual shelf resets. “Our Transition Period...
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L’Oréal named one of Fast Company’s Best Workplaces for Innovators
L’Oréal has been named to Fast Company’s inaugural Best Workplaces for Innovators list. The unranked list highlights 50 workplaces that attract and retain the best talent by creating environments where employees are empowered to put forth bold ideas. More than 360...
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Ariana Grande to debut Thank U Next fragrance at Ulta
Ariana Grande is gearing up for the launch of a new fragrance, according to a report published by Allure magazine. The singer took to Instagram to announce the launch, revealing that the new scent would hit shelves at Ulta Beauty on August 18th and her post suggests,...
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Revlon reports Q2 net sales drop
Revlon has announced a net sales fall of 3.3 percent in Q2, a drop attributed to a fall in sales for its portfolio sector and fragrances. The decline was said to be partially offset by a strong quarter for its Elizabeth Arden brand. Reported net loss improved to $63.7...
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Kylie Skin hit with Notice of Suspension over trademark claim
Kylie Skin has this week been hit with a Notice of Suspension from the U.S. Patent & Trademark Office regarding a claim on the trademark of the skincare range’s name. The skincare brand, owned by self-made billionaire Kylie Jenner, is said to cause confusion with...
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Barneys New York saved at final hour by multiple new financing offers as it files for bankruptcy
Barney’s New York was saved at the final hour by not one but two financing proposals, with the retailer securing a second offer of $218 million from lending arms B. Riley Financial Inc. and Brigade Capital Management just hours after the $75 million offered by...
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Shopify raises full year revenue forecast after reporting better-than-expected Q2 results
Shopify has announced a better-than-expected quarterly profit, and has raised its full year revenue forecast as a result. The Canadian e-commerce company has started to see its recent investments pay off, with its Toronto and U.S.-listed shares rising over 10 percent...
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Senior Merchant Tom Ott leaves Saks Off 5th following company restructure
Tom Ott will be leaving his role as Senior Merchant at Saks of 5th , following a restructure , according to a report by WWD.com. Having been with the company for 24 years, Ott is one of the most respected male merchants in the industry. He will be leaving his position...
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‘This is the future of personal care’: Mother Dirt to become Harvey Nichols’ first microbiome brand
Mother Dirt has announced its launch into Harvey Nichols stores in the UK and Ireland in August. The Boston-based microbiome company will be the first probiotic skin care line to be stocked by the luxury department store. The launch will coincide with a pop-up in the...
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CVS Health names replacement as Chief Merchant retires
CVS Health has named George Coleman as Senior Vice President, Front Store Business and Chief Merchant, according to a report published by WWD. Coleman replaces Judy Sanson, who will retire from the role in September. Coleman has worked for CVS since 2012, joining from...
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L’Oréal USA named to Top 10 Percent of Diversity Best Practices Inclusion Index
L’Oréal USA has been named to the Diversity Best Practices Inclusion Index for the second consecutive year and the French beauty giant’s score qualifies it as a Top 10 Percent Inclusion Index Company, a new category added this year for the highest-scoring...
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Cosmopolitan magazine ‘serves’ luxury fragrance
Luxe Brands and Cosmopolitan magazine have announced the launch of a four-scent fragrance collection, named Eau de Juice. The perfume campaign will be fronted by Ashley Benson. "In the spirit of Cosmo and our 81 million strong audience of modern young women, Eau de...
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Evonik acquisition of PeroxyChem delayed by FTC lawsuit
The US Federal Trade Commission is seeking to block Evonik’s proposed US$625 million acquisition of PeroxyChem in the belief that the deal will lead to price hikes, according to a report published by Reuters. The German specialty chemicals manufacturer said in a press...
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Dermstore to compete with Sephora and Ulta after rebrand
Dermstore is hoping to go head to head with Sephora and Ulta, launching a new mission statement and logo designed to capture millennial customers’ affections, according to a report published by Glossy. ‘Inclusive and educational’ is the thrust of Dermstore’s USP – the...
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The Estee Lauder Companies partners with Kode With Klossy
The Estee Lauder Companies is collaborating with Kode with Klossy, according to a report published by Glossy. As part of the partnership, students enrolled in the STEM-focused coding program will be taught Lauder’s coding curriculum before being challenged to design a...
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Qurate Retail Group creates President role for Disney exec
Qurate Retail Group has announced the appointment of Leslie Ferraro to the newly created role of President, QxH, effective September 16. Ferraro will be charged with advancing the company’s growth strategy (for both its QVC and HSN brands) by leveraging the power of...
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Cronos to buy US CBD beauty brand owner Redwood for US$300 million
Cronos Group has announced that it is set to purchase four operating subsidiaries from Redwood Holding Group for US$300 million. Redwood manufactures, markets and distributes CBD beauty products in the US under its Lord Jones brand. Under the terms of the deal,...
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Trump’s tariffs: 25 percent duty to be bought in for all Chinese imports
US Trade Representative Robert Lighthizer has initiated the process to usher in a 25 percent duty on all imports from China that are not already subject to a separate tariff, according to a report published by Reuters. The tariffs would apply to a wide range of...
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Beauty bloggers endorse Dollar General’s beauty line
Dollar General’s Believe Beauty, an own brand cosmetics line priced at US$5 and under, has gone viral thanks to a series of endorsements from high profile beauty bloggers, according to CNN Business. The line, which launched in spring this year, comprises skin care,...
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Coty looks to shed assets as part of company turnaround plans
Coty is said to be looking to divestitures of between $500 million and $1 billion in assets as part of a company turnaround plan, according to a report by WWD.com. According to a source, there is no definite information on what brands or assets will face the cut, with...
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Procter & Gamble beats expectations with quarterly revenue despite Gillette writedown
Procter & Gamble has reported a net loss of $5.24 billion for the three months ending 30 June, with its quarterly revenue and adjusted profit beating Wall Street expectations, according to a report by Reuters. Shares soared to a record high for the company on...
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Holiday Inn and InterContinental hotels say ‘no’ to plastic miniatures in eco-drive
The owner of InterContinental Hotels Group and Holiday Inn has stated the hotel chains will no longer use miniatures in the bathrooms in a bid to reduce single-use plastic waste that goes into the oceans. The companies will now switch to bulk-sized bathroom products...
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Althea Group expands into Canadian CBD market with Peak Processing Solutions acquisition
Australian medicinal cannabis business Althea Group has announced the acquisition of Canadian recreational cannabis company Peak Processing Solutions in a $35 million agreement. The deal, which is based on the company achieving $27 million in the first two years, will...
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Henkel acquires Los Angeles-based customized hair company eSalon.com
German personal care giant Henkel has acquired a 51 percent stake in Los Angeles-based customized hair company eSalon.com. Financial details of the deal were not disclosed, however, it is reported that the eSalon.com management team will stay on board following the...
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Sephora won’t be ditching JC Penney any time soon
Questionmarks have been raised of late over Sephora’s tie up with ailing department store JC Penney but it looks like the LVMH-owned retailer isn’t planning to quit its store-within-store deal any time soon. Indeed, according to a report published by Reuters, the...
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One hit wonder? Sales slump at Kylie Cosmetics
Kylie Jenner’s make-up brand is experiencing a slump in sales as returning customers dwindle, according to a report published by the New York Post. The brand famed for its lip kits is said to have suffered a 14 percent drop in sales over the first half of the year...
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Hemp Industries Association calls for FDA to regulate hemp extracts as cosmetics
The Hemp Industries Association is imploring the FDA to treat hemp extracts under the same regulatory framework that it applies to cosmetics, dietary supplements, food and food additives, according to a report published by Hemp Today. The industry body submitted its...
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MAC gifts lipsticks in honor of National Lipstick Day
Today (July 29) is National Lipstick Day in the US, according to a report published by Allure, and MAC is celebrating in style - or rather its customers will be as the Lauder-owned brand has been running a special promotion in honor of the event. Since Friday, and...
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LVMH reports strong sales growth in first half 2019
LVMH Moët Hennessy Louis Vuitton has announced stellar results for the first half of 2019, with the luxury FMCG company’s recorded revenue up 15 percent to 25.1 billion euros. Year on year organic sales growth was up 12 percent in the comparable period to 2018....
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Croda sales hit by China/U.S. trade wars and new Chinese laws
British chemicals chemicals company Croda has announced lower-than-expected first half profits, which were down 2.5 percent to £170.6million at adjusted profit before tax. Failing to meet the expected £174 million, the company is said to have been affected by the...
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L’Oréal announces Shane Wolf as head of newly created global marketing group
L’Oréal has announced the appointment of Shane Wolf in the newly created role of President of Professional Products Division Global Marketing for US Brands. The position forms part of a new global marketing group for U.S. brands and will see Wolf expand his duties...
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U.S. FDA issues warning letter to company illegally selling CBD products with unapproved therapeutic claims
The U.S. Food and Drug Administration has issued a warning letter to Massachusetts-based Curaleaf for illegally selling CBD products with unapproved claims of therapeutic benefits. The company stated that its products containing cannabidiol can treat ailments such as...
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Bayer sells Dr. Scholl’s footcare brand to Yellow Wood Partners
Private investment firm Yellow Wood Partners has acquired the Dr. Scholl footcare brand from German parent company Bayer in a $585 million deal. The deal represents the second consumer care product Bayer has opened up for purchase, with the company having sold its...
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Kylie Jenner to expand Kylie Cosmetics empire into nails and fragrance
Teen entrepreneur Kylie Jenner looks set to expand her empire having last week filed a trademark for a new range of nail care products and fragrance, according to a report by The Blast. The trademark was made under her lucrative Kylie Cosmetics brand, with the filing...
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