THG shares surge as company raises $2.4 billion in an IPO to ride digital WaVE
The Hut Group has raised $2.4 billion in a London initial public offering (IPO), a move which sent the company shares soaring up to 32 percent.
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Apple Watch Series 6 delivers progressive wellness and fitness capabilities
The eagerly awaited launch of the new Apple Watch 6 series has unveiled a slew of updated wellness and fitness offerings, including a Blood Oxygen feature that offers users even more insight into their overall health.
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Amazon evolves in premium market with launch of Luxury Stores
Amazon has evolved in the premium market with the launch of its new Luxury Stores concept, with Oscar de la Renta unveiling the first store featuring its Pre-Fall and Fall/Winter 2020 collection.
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The Goop Lab gets the go-ahead; Netflix confirms second season of Gwyneth Paltrow’s hit show
Actress and wellness entrepreneur Gwyneth Paltrow has had her hit show The Goob Lab confirmed for a second season on Netflix, according to Variety.com.
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L Brands sells majority stake of Victoria’s Secrets’ UK business to British retailer Next
L Brands has entered into a joint venture (JV) with British retailer Next, who will a acquire a 51 percent majority stake in Victoria’s Secrets UK and Ireland, which is currently in administration.
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Henkel ups renewable energy use with Texan VPPA
Henkel has signed a large-scale virtual power purchase agreement relating to a wind farm in Texas. The agreed capacity will cover Henkel’s entire electricity demand for its US operations, comprising more than 30 sites.
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Shiseido Americas names Chief Information Officer
Shiseido Americas has announced the appointment of Shannon Britton as Chief Information Officer, effective immediately.
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Now Henkel to expand hand soap and sanitizer production with US$23 million upgrade
Henkel has announced that it is investing US$23 million in its North American manufacturing facilities in order to provide new equipment and make improvements to support additional production of Dial liquid hand soap and hand sanitizers.
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Inter Parfums issues 2020 guidance; expects net sales to plummet 38 percent
Inter Parfums has announced that it expects 2020 sales to reach roughly US$442 million, a drop of some 38 percent on 2019’s figures. However, given the significant impact of the COVID-19 pandemic, Chairman and CEO Jean Madar professed the company ‘reasonably pleased’ with that for the year as a whole.
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Dr Brandt Foundation teams up with mental health provider TalkSpace to support Black community as part of Suicide Prevention Awareness Month
Dr Brant Foundation has partnered with virtual mental health provider TalkSpace as part of Suicide Prevention Month as part of its annual #SayILoveYou campaign, with a focus on supporting the Black community.
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TRESemmé launches scholarship program to support aspiring Black female hair stylists
Hair care brand TRESemmé has launched a new scholarship program that aims to support Black female hair stylists, dedicating $100,000 to the first TRESemmé Future Stylists Fund, according to a report by WWD.com.
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Colgate-Palmolive plans $1.2 million upgrade of Ohio plant as demand for hand soap and sanitizers continues to rise
Colgate-Palmolive has announced a planned $1.2 million upgrade of its Cambridge, Ohio-based plant, as demand for liquid hand soap and sanitizers continues to rise amidst the ongoing COVID-19 pandemic.
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Martin Brok succeeds Chris de Lapuente as new Sephora CEO
Martin Brok has been named as the new Sephora CEO and will succeed Chris de Lapuente on September 14th, according to a report by WWD.com.
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Ulta Beauty re-commences television advertising following a COVID-19 hiatus
Ulta Beauty has aired its first television advert since the postponement of all TV marketing in March this year due to the onslaught of COVID-19, according to a report by Fox Business.
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Hair care vending machine the Lavish Box targeting BIPOC opens in Detroit
A new vending machine offering products for BIPOC has opened in Detroit, named the Lavish Box.
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LVMH North America appoints Corey Smith VP of Diversity and Inclusion
LVMH North America has drafted in Corey Smith to boost diversity throughout the luxury goods group via the newly created role of Vice President of Diversity and Inclusion, according to a report published by WWD.
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L Brands prepares for holiday sales surge with recruitment drive
L Brands has announced the hiring of more than 4,000 distribution center roles for the duration of the holiday season, according to a report published by ABC6.
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Deciem partners with Ulta for Ordinary foundation launch
Ulta has become the first US retailer to stock The Ordinary Colours cult foundation range, according to a report published by WWD.
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The Estee Lauder Companies welcomes Ulta’s Tara Simon to Too Faced
The Estee Lauder Companies has named Tara Simon as Senior Vice President, Global General Manager, Too Faced, effective immediately.
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Henkel signals intent with new gender-free grooming range, STMNT
Henkel North America’s Beauty Care Professional unit has announced the launch of a new unisex grooming brand, named STMNT.
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Mary Kay teams up with UN and CARE USA to end violence against women
Mary Kay and The Mary Kay Foundation have partnered with CARE USA and the United Nations Trust Fund to End Violence against Women in an attempt to support life-saving efforts to prevent and end violence against women.
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P&G Chief sees pay climb 12 percent to US$22.9 million
The CEO of Procter & Gamble, David Taylor, saw his total compensation climb 12 percent last year to US$22.9 million, according to a report published by the Cincinnati Enquirer, quoting federal disclosures.
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Macy’s reports Q2 loss; bolstered by soaring online sales
Macy’s has reported a narrower Q2 loss than expected, bolstered by a better-than-expected surge in online sales.
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Procter & Gamble supports Hurricane Laura relief efforts with personal care donation
Procter & Gamble is supporting the Hurricane Laura relief efforts and is assisting families, individuals and first responders in need of personal care items, cleaning products or laundry services.
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Estée Lauder Companies reviews product line for ‘cultural sensitivity’
Estée Lauder Companies is said to be reviewing its product line in a bid to escape criticism regarding potentially insensitive marketing language that may cause a furore similar to rivals’ skin lightening products, according to a report by Bloomberg.
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Walgreens Boots Alliance announces John Standley as new President
Walgreens Boots Alliance has announced John Standley as the new company President, effective immediately.
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Sally Beauty launches first rewards-focussed credit card program
Sally Beauty has launched its first rewards-driven credit card, which is said to give consumers more ways to unlock rewards.
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Huda Beauty, Dermalogica partners with Afterpay as buy now, pay later service enters Canadian market
Afterpay, the buy now, pay later service, has entered the Canadian market, with Huda Beauty and Dermalogica being amongst the brands to partner with the company.
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Ulta Q2 2020: Sales dive 26.7 percent despite e-commerce boom
Ulta Beauty has announced its results for the second quarter and first half of fiscal 2020. The US retailer saw its profit halved compared to the same six months of 2019 and US$1 billion shaved off its net sales total.
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Kate Hudson unveils supplement brand InBloom
Actor Kate Hudson has unveiled her latest venture, a brand of supplements named In Bloom and created in collaboration with Syllable, according to a report published by Refinery 29.
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Coty FY2020: COVID-19 sends revenue tumbling 22 percent
Coty has reported its results for the final quarter and full year of fiscal 2020. The US beauty behemoth saw revenue decline 53 percent like-for-like in the final quarter of fiscal 2020, leading to an overall revenue drop of 22 percent for the year.
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Sally Beauty Supply and CosmoProf kick off second Cultivate accelerator
Sally Beauty Supply and CosmoProf have announced the launch of the second Cultivate accelerator program.
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L’Oréal USA joins US plastics pact
L’Oréal has joined some 60 brands, retailers, government agencies and NGOs in collaboration to advance all plastic packaging in the US to become reusable, recyclable or compostable by 2025.
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Present Life acquires One Ocean Beauty
One Ocean Beauty has announced its acquisition by Present Life, part of global investment fund, The Craftory.
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Elodie Naturals to hold outdoor skin care classes
Elodie’s Naturals has announced that it has teamed up with the American Horticultural Society to hold a series of classes in Alexandria, Virginia to educate and practice all-natural, plant-based skin care formulations.
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Morphe relaunches as Forma Brands; next gen beauty brand accelerator
Forma Brands has announced its formation and launch as an incubator, accelerator, and curator of next-generation beauty brands.
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Jeneil Williams books second consecutive Tom Ford Beauty campaign
Jeneil Williams will appear in Tom Ford’s latest Beauty campaign, according to a report published by the Jamaica Gleaner.
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Voyant Beauty completes the acquisition of KIK personal care
Voyant Beauty has announced that it has acquired Kik Personal Care from Kik Custom Products, expanding its product range, innovation and supply chain capabilities.
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Ulta to shut all stores for Thanksgiving Day 2020
Ulta Beauty has announced that it will close all stores on Thanksgiving, which falls on November 26 this year.
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Target smashed: Target delivers record gains in Q2
Target has announced its results for the second quarter of fiscal 2020, and let’s just say it’s a bit of an anomaly as 2020 results go. Comparable sales swelled 24.3 percent – the company’s strongest ever quarter – with store comparable sales rising 10.9 percent and digital comparable sales up 195 percent.
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Bath & Body Works surge helps L Brands beat expectations in Q2 2020
L Brands has reported better-than-expected sales for the second quarter of fiscal 2020. The company saw net sales drop 20 percent yoy to US$2.319 billion, driven by ‘exceptionally strong’ results at Bath & Body Works..
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P&G to list Gillette parking lot for sale?
Procter & Gamble is said to have hired a broker to market a 2.5 acre site which is currently used as a parking lot serving Gillette’s World Shaving Headquarters in Fort Point, according to a report published by the Boston Globe.
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Former Coty CEO launches global wellness and beauty company, Present Life
Camillo Pane, former CEO of Coty is launching his latest venture today. Present Life is described as a global wellness and beauty company and has attracted a US$20 million investment from capital investment firm The Craftory in return for a controlling interest.
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Sephora cleans up with Environmental Defense Fund partnership
Sephora and Environmental Defense Fund have announced their partnership to advance the removal of toxic ingredients known to cause environmental and health impacts from the LVMH-owned retailer’s beauty products.
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The Estee Lauder Companies announces Post-COVID cost-cutting plan as Q42020 sales dive 32 percent
The Estee Lauder Companies has announced its results for the final quarter and full year of fiscal 2020. A sharp 32 percent sales decrease in the final quarter contributed to an overall 4 percent drop in sales for the year, for a total of US$14.29 billion.
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NYX Professional Makeup exits Hong Kong as part of ‘business strategy readjustment’
L’Oréal-owned NYX Professional Makeup has announced its impending departure from Hong Kong and Macau, a move which is said to be part of a ‘business strategy readjustment.’
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Shiseido Americas’ Mark Rey resigns as President and CEO
Shiseido Americas has announced that Marc Rey has resigned as President & CEO, effective 6th September.
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Tennis star Maria Sharapova invests in tech wellness company Therabody
Tennis ace Maria Sharapova has invested in wellness company Therabody, having also joined its Board of Directors.
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Pat McGrath Labs teams up with Supreme in first-ever lipstick collaboration
Pat McGrath Labs has teamed up with Supreme to launch the MatteTrance Lipstick, the first beauty collaboration in the fashion label’s 26-year history.
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Walmart warns of ‘outsized gains ebb’ as stimulus checks end
Walmart Chief Financial Officer Brett Biggs has warned that buoyed consumer spending in the U.S. could start to wane as government stimulus checks start to run out, according to a report by Bloomberg.
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