Hudson’s Bay has announced the appointment of Liz Rodbell as President and CEO. Rodbell is an HBC veteran, having served as President of Hudson’s Bay from 2013-2017.
A US appeals court has found in favor of 3M, Corteva and DuPont et al in a class action lawsuit that sought to charge circa 10 chemicals manufacturers with contaminating the environment via the production and supply of PFAS.
Google has announced that it has appointed Vanessa Kingori as Managing Director of Tech, Media and Telecoms. Kingori joins from Conde Nast Britain, where she is Chief Business Officer and Vogue European Business Adviser.
Klarna has announced the expansion of its growth tools for retailers and creators to help them engage with their audiences in more effective wats and enhance the shopping experience for customers.
Men’s skin care brand, Disco has ceased trading and filed for Chapter 7 bankruptcy. The brand is said to have between 50 and 99 creditors and estimated liabilities of between US$1 million and US$10 million.
Inter Parfums, Inc. has announced its financial projections for 2024, expecting net sales to reach $1.45 billion and earnings per diluted share of $5.15.
Black Friday sales in the U.S. have shown consumers are spending cautiously, signalling a potentially subdued holiday shopping season.
Mary Kay Inc., a global beauty brand, has joined the Global Shea Alliance (GSA), a non-profit focused on creating a sustainable and competitive shea industry.
Saks and Dior have cut the ribbon on their collaborative holiday campaign with the launch of an exclusive World of Dior digital pop-up on Saks.com and the unveiling of the department store’s New York flagship’s 10-storey-high light show.
Rumors have been swirling around the financial stability of department store chain Saks with several beauty brands said to have placed the US retailer on credit hold. However, owner HBC has announced that it will pump US$340 million in cash into its retail operations thanks to the sale of assets from its US$7 billion real estate portfolio.
Kohl’s has reported its results for the third quarter of fiscal 2023. The US department store chain reported net sales of US$3.8 billion, down 5.2 percent from the year-ago quarter, but gross margin grew 158 basis points to 38.9 percent.
Nordstrom has reported its results for the third quarter of fiscal 2023. Total company net sales fell 6.8 percent while the eponymous US department store saw net sales decrease 9.4 percent and gross merchandise value fell 9.8 percent compared to the prior year quarter.
Unilever has opened a global Artificial Intelligence (AI) Laboratory in Toronto, Canada. The UK-based FMCG giant’s new facility has been dubbed Horizon3 Labs and is party of a wider investment in tech across the business.
Kohl’s President and COO, Dave Alves has left the company after a mere 8 months at the department store and will not be replaced.
Unilever has announced it will lay off 169 employees at two of its New York manufacturing plants in Amityville and Farmingdale, effective April 2024.
The Personal Care Products Council (PCPC) has appointed Thomas F. Myers as its new president and CEO, effective from January 2024.
Walgreens Boots Alliance has announced an unprecedented decision to close nearly all its stores and pharmacies on Thanksgiving Day.
Sephora has revamped its approach to selling fragrances in response to increased store thefts.
Bath & Body Works, Inc. has released its financial results for the third quarter of 2023, revealing various achievements and challenges.
Credo, a company known for its commitment to sustainable beauty, has appointed its co-founder and COO, Annie Jackson, as the new CEO.
Target has announced its results for the third quarter of fiscal 2023. The US retailer said that its revenue of US$25.4 billion (-4.2 percent) was consistent with expectations, while its profit beat analysts’ forecasts, with adjusted EPS up 36.3 percent to US$2.10.
A federal judge has given the nod to a series of claims that chemical hair relaxers made by Revlon and L’Oreal caused cancer and other injuries. The multidistrict litigation totals some 8,000 lawsuits.
Walgreens Boots Alliance is hoping to speed up online deliveries despite the recent closure of an e-commerce distribution warehouse in Illinois. How? The drug store giant’s 8,700-strong store network will double as fulfilment centers.
Anastasia Beverly Hills has made its first foray into sports sponsorship, naming Bianca Bustamante as its first ambassador from the sporting world.
BeautyHealth has announced that CEO Andrew Stanleick has resigned from his role as President and CEO and will relinquish his seat on the Board, effective November 19, 2023. Beauty Health Director, Maria Beck will serve as Interim CEO while a formal search is conducted by the Board.
L’Oreal USA commemorated a 20-year commitment to women in STEM by announcing the recipients of its 2023 For Women in Science Fellowship program.
Inter Parfums, Inc. has reported its financial results for the third quarter and the first nine months of 2023, showcasing significant growth and success in the fragrance industry.
Sahajan, an Ayurvedic and clean beauty brand, has secured its first round of equity funding to support growth in North America.
ODDITY Tech Ltd. (NASDAQ: ODD) has announced its preliminary unaudited financial results for the third quarter ending September 30, 2023.
Kohl’s is making significant changes to its Board of Directors. Peter Boneparth, the current Board Chair, will retire at the end of his term in May, with Michael Bender set to succeed him.
Shein, the online fast fashion retailer, is aiming for a valuation of US$80 to US$90 billion for its potential U.S. initial public offering (IPO).
The US Food & Drugs Administration (FDA) has issued guidance on its intent to delay enforcement of the requirements for cosmetics product facility registration and cosmetic product listing contained in the Modernization of Cosmetics Regulation Act, 2022 (MoCRA) by six months.
Vivify Specialty Ingredients has announced that it has acquired Access Ingredients. Financial terms of the deal were not disclosed.
Olaplex Holdings has announced its results for the third quarter of fiscal 2023. The hair care company saw sales plummet 30 percent to US$123.6 million and income nosedive from Q3 2022’s US$60.8 million to US$20.4 million.
Coty has announced its results for the first quarter of its current financial year. In the three months to September 30, 2023, the US beauty behemoth saw sales surge 18 percent (LFL and reported), well ahead of expectations.
Decree has announced the completion of a financing round led by Natalia Vodianova, Timon Afinsky and Harry Blain. Vodianova will also take a seat on the Board of the doctor-led skin care brand.
Body care brand Luna Daily has launched a campaign created in partnership with Joan London, aimed at normalizing and destigmatising the word ‘vulva’.
Waldencast has received a delisting notice from the Nasdaq Capital Market after it failed to comply with SEC reporting rules.
Carlyle is rumored to be seeking a buyer for Tokiwa and the Japanese cosmetics supplier could fetch up to US$1 billion.
Cos Bar has taken over the location previously held by Shen Beauty in Brooklyn, planning to open its doors during the holiday season.
Neal Sample has taken on the role of Executive Vice President and Chief Information Officer at Walgreens Boots Alliance, starting immediately.
Unilever Ventures, the venture capital arm of the Unilever Group, has partnered with True Beauty Ventures, an investment firm specialising in scaling beauty and wellness brands, to complete the inaugural institutional financing round for The 7 Virtues.
Dior is opening a new pop-up boutique in Miami called the “Dior Garden of Dreams,” inspired by the Jardin des Tuileries.
Freddy Bharucha has been appointed as the inaugural president of Procter & Gamble’s (P&G) North America personal care and beauty operations.
Amazon has been accused by the U.S. Federal Trade Commission (FTC) of employing illegal strategies to increase profits within its online retail business.
LO3 Capital has announced that it has provided a senior subordinated debt investment to support Inspired Beauty Brands with growth capital.
Elf Beauty is planning on international expansion but it won’t be relaunching on the Chinese market any time soon. Instead, the mass beauty brand will focus its efforts on the US and Western European markets.
The Estee Lauder Companies has reported its results for the first quarter of fiscal 2024. The US prestige beauty giant reported net sales of US$3.52 billion in the three months ended September 30, 2023, down 10 percent from the prior-year period.
SOS has announced an exclusive partnership with Ulta Beauty aimed at boosting in-store product discovery.
Lush has announced a first-of-its-kind wholesale partnership with Ulta. The ethical cosmetics brand will sell a select range of its products via the US beauty retailer’s website.