Has the CBD bubble burst? Cannabis firms see surge in insurance costs amidst slew of lawsuits
Cannabis firms are witnessing a surge in insurance costs as they race to protect executives from personal liability. The prices hikes follow a slew of lawsuits lodged as investors cite fraud and misleading information, according to a report by Reuters.
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L’Oréal announces completion of construction on Encino Pulp Riot offices
L’Oréal has announced the completed construction of its Encino-located offices for its Pulp Riot hair brand, according to San Fernando Valley Business Journal.
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Refinery29 Chief Amy Emmerich resigns amidst allegations of ‘toxic’ working environment for people of color
Amy Emmerich, Global President and Chief Content Officer at women’s lifestyle site Refinery29, has resigned from her position following staff allegations of a toxic working environment for people of color, according to a report by WWD.com.
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L’Oréal USA creates new senior role for professional division
L’Oréal USA has announced the appointment of Leslie Marino to the newly created role of President, Professional Products Division American Brands, according to a report published by Salon Today.
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Kylie Skin makes debut in facial sun care category
Kylie Skin has ushered in its first facial sunscreen, according to a report published by Allure. The Coty-owned brand announced the launch via its Instagram account.
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Former employees sue The Estee Lauder Companies over ERISA breach
Four former employees have sued The Estee Lauder Companies, its directors and fiduciaries over its management of the company 401(k) plan, according to a report published by Pensions & Investments.
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Core Industrial Partners to invest in Arizona Natural Resources
Contract manufacturer Arizona Natural Resources (ANR) has secured funding from private equity firm Core Industrial Partners. The size of the investment was not disclosed.
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Conde Nast cancels Luxury Conference as Suzy Menkes steps down as Editor, Vogue International
Conde Nast has announced that Suzy Menkes will step down from her role as Editor, Vogue International, effective October, according to a report published by Fashion United.
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Coty appoints Sue Y Nabi as new CEO
Coty has announced the appointment of Sue Y Nabi as its new CEO, effective 1st September.
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Seed Beauty sues Coty and Kylie Jenner for stealing trade secrets during beauty buy out
Seed Beauty has filed a lawsuit against Coty and Kylie Jenner, with the suit stating that Jenner knowingly shared trade secrets with the beauty giant during its buyout of Kylie Cosmetics.
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Lululemon acquires fitness tech start-up Mirror
Sportswear brand Lululemon has acquired fitness tech start-up Mirror in a deal worth $500 million, according to a report by the Financial Times.
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CVS takes men’s make-up mainstream; stocks Stryx at 2000 stores
U.S. drugstore chain CVS has announced it is to make men’s make-up mainstream, adding beauty label Stryx to 2000 of its stores across the country.
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Coty acquires 20 percent interest in KKW Beauty
Coty and Kim Kardashian West have announced that they have entered into a strategic transaction to further develop Kardashian West’s beauty business, KKW Beauty, globally. To that end, Coty has purchased a 20 percent stake in the brand for US$200 million.
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Not just a face: Insta campaign calls for diversity in hand models
A campaign started by Instagram user @browngirlhands is challenging beauty brands to usher in diversity in all of their marketing, including hand shots, according to a report published by Dazed Digital.
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We want to bring the human touch to e-commerce: Kanye West unveils new Yeezy site
Kanye West is set to unveil a new website for his Yeezy Supply clothing brand, which Fast Company describes as ‘a shopping experience unlike anything you’ve seen on the internet’.
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The Estee Lauder Companies names Jane Hertzmark Hudis Executive Group President
The Estee Lauder Companies has announced the promotion of Jane Hertzmark Hudis to Executive Group President, effective July 1, 2020.
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Colgate Palmolive considers rebrand of Darlie toothpaste amidst Black Lives Matter movement
Colgate Palmolive is said to be considering a rebrand of its Chinese toothpaste Darlie as a result of the call-to-action for brands to do better amidst the Black Lives Matter movement.
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Urban Decay announces Normani, G.E.M and Camilla Mendes as new Global Citizens ‘collective’
Urban Decay has announced the appointment of Normani, G.E.M and singer Camilla Cabello as its new Global Citizens collection, alongside the launch of a new NAKED palette.
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Ulta expands into clean beauty market with Credo partnership
Ulta has announced a collaboration with Credo Beauty, which will see brands carried by the clean beauty pioneer sold in Ulta stores.
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Estée Lauder Companies announces further leadership changes as it looks to ‘run and transform’
The Estée Lauder Companies (ELC) has announced further leadership changes with the appointment of Andrew Ross as Executive Vice President and Daniel Mahler to the new position of Senior Vice President, Global Transformation and Category Leadership.
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Seed Beauty seeks injunction against KKW to protect trade secrets
Seed Beauty has launched a lawsuit against KKW Beauty in order to prevent the Kim Kardashian-owned firm from disclosing the brand builder’s trade secrets to Coty during talks regarding a potential acquisition, according to a report published by TMZ.
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L’Oréal snaps up Thayers Natural Remedies
L’Oréal has signed an agreement to acquire US-based natural skin care brand Thayers Natural Remedies from Henry Thayer Company for an undisclosed sum.
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Johnson & Johnson to cease sale of skin whitening products
Johnson & Johnson has announced that it will cease the sale of skin whitening products, according to a report published by Reuters.
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Johnson & Johnson to launch band aids in different shades
Johnson & Johnson’s Band-Aid has announced that it will launch new shades of its adhesive bandages to suit different skin tones.
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Jane Lauder named EVP, Enterprise Marketing and Chief Data Officer
The Estee Lauder Companies has announced that Jane Lauder will be named to the new role of EVP, Enterprise Marketing and Chief Data Officer, effective July 1, 2020.
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Anna Wintour apologises for lack of black representation in Vogue
Anna Wintour, Editor-in-Chief of U.S. fashion magazine Vogue, has apologised to staff in an internal memo for the magazine publishing ‘hurtful and intolerant’ material, as well as not doing enough to promote black staff and designers, according to a report by the New York Post.
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New York celebrity hair stylist amasses 1000-strong waitlist
New York-based celebrity hair stylist Julien Farel has amassed a 1000-strong waitlist in anticipation of the salon reopening post-coronavirus lockdown, according to a report by Bloomberg.
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Beauty and personal care companies biggest borrowers of PPP loans, says Square Capital
Square Capital has announced that beauty and personal care companies are the biggest borrowers of PPP loans by industry sector, according to a report by Reuters.
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Shareholders at TJX Companies vote for action on chemical risk reduction
More than 44 percent of shareholders at TJX Companies have requested information from the company on its plans to reduce its chemical footprint, following growing consumer concern regarding the effects of toxic chemicals.
CLICK HEREUse your power: P&G calls for allies to support Black Lives Matter movement
Procter & Gamble has launched an advertising campaign designed to persuade white Americans to support the Black Lives Matter movement, according to a report published by Marketing Week.
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CVS Health, WBA and Walmart pledge to remove locked displays for multicultural beauty products
CVS Health, Walgreens Boots Alliance and Walmart have committed to ending the display of multicultural beauty products in locked cabinets, according to a report published by Reuters.
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Kanye West to launch beauty line?
Kanye West’s company has filed for a ‘Yeezy’ trademark covering a wide range of beauty and skin care product categories, according to a report published by TMZ.
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We’ll make our shelves more representative: Sephora pledges 15 percent of space to black-owned brands
Sephora is joining the 15 percent pledge and dedicating 15 percent of its shelf space to Black-owned companies. The LVMH-owned retailer has committed to all three stages of the Aurora James’ initiative, namely Take Stock, Take Ownership and Take Action.
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US nail salons to sue over COVID-19 closures
Californian nail salons have launched a lawsuit against the state in a bid to gain approval to reopen, according to a report published by ABC News.
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KKR-Coty deal to be financed by record US$1.3 billion club loan
KKR’s purchase of a majority stake in Coty will be financed by a US$1.3 billion club loan, the largest in Europe’s leveraged debt market since la crise, according to a report published by Reuters.
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Sustainable startup Nohbo secures $3 million in seed funding
Sustainable startup Nohno has secured $3 million in a seed funding round, which was led by Material Impact alongside Safer Made and current investor Radical Investments.
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Black Lives Matter: Estee Lauder to hire more black employees and make donations following employee concerns
Estée Lauder is said to have heeded employee concerns and is looking to expand its diversity agenda in the form of hiring more black employees, expanding its diversity program, and buying more from black-owned businesses, according to a report by Bloomberg.
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Kylie Cosmetics unveils black employee percentage as part of Pull Up For Change challenge
Kylie Cosmetics has unveiled its percentage of black employees as part of the Pull Up for Change challenge, created as part of the Black Lives Matter movement.
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Talc is bowing out: Chanel, Revlon and L’Oréal to discontinue products containing controversial ingredient
Chanel, L’Oréal and Revlon are phasing out controversial cosmetic ingredient talc in the US, according to a report published by Reuters.
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Neptune names former Walmart exec SVP of Health & Wellness division
Neptune Wellness Solutions has announced the appointment of Robert DiPede as SVP of its Biodroga business unit and recently formed Health & Wellness division
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US health and beauty sales soar as salons shuttered
Sales of health and beauty products rose an impressive 13 percent over the past 12 weeks compared to the same period in 2019, according to a report published by the Financial Times.
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Coty’s Simona Cattaneo takes the helm at Kylie Cosmetics
Coty has named Simona Cattaneo as the new head of Kylie Cosmetics, according to a report published by the New York Post.
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Bath & Body Works launches lawsuit to annul lease
Bath & Body Works has appealed to the courts to help extricate it from a New York lease, according to a report published by Commercial Observer.
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L Brands raises US$1.25 billion in bond sale
L Brands is set to raise US$1.25 billion in a bond sale that will provide a much-needed cash injection after Sycamore Partners pulled out of a deal to purchase its Victoria’s Secret brand.
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Modiface dodges data protection claim
Modiface has managed to avoid answering a lawsuit where the complainant alleged that it breached Illinois’ Biometric Information Privacy Act, according to a report published by Bloomberg.
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PopSockets teams up with Burt’s Bees to launch lip balm-filled mobile accessory
PopSockets has partnered with Clorox-owned Burt’s Bees to create a collection of cell phone grips that double as lip balm dispensers, according to a report published by License Global.
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Rihanna’s Fenty empire stops trading to support Blackout Tuesday
Rihanna’s Fenty empire ceased trading of all its beauty and fashion brands during Blackout Tuesday in a show of support for the Black Lives Matter movement.
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L’Oréal adapts websites following NAD enquiry
L’Oréal has adapted its three sites makeup.com, skincare.com and hair.com following an investigation by the National Advertising Division (NAD).
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Summer Fridays appoints Drybar’s chief John Heffner as new CEO
Skincare brand Summer Fridays has appointed John Heffner as its new Chairman and CEO, according to a report by WWD.com.
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Venus Williams partners with Credo Beauty on mineral sunscreen collection
Venue Williams has teamed up with beauty retailer Credo Beauty to launch a new mineral sunscreen collection, EleVen by Venus x Credo.
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