Pharrell Williams teams up with Chanel to launch mentorship program for Black and Latinx entrepreneurs
Pharrell Williams has teamed up with fashion house Chanel via his equity-focused initiative Black Ambition to launch a two-part mentorship program for Black and Latinx entrepreneurs.
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Uoma Beauty Founder Sharon Chuter launches new brand ‘Uoma by Sharon C.’ exclusively to Walmart
Uoma Beauty Founder Sharon Chuter has announced the launch of a new brand, Uoma by Sharon C., which will be sold exclusively via its own website and Walmart.
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The Body Shop appoints Finn Partners as U.S. PR agency of record
The Body Shop has chosen Finn Partners as its U.S. PR agency of record, according to Provoke Media.
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DevaCurl unveils rebrand alongside new products and formulas
Hair care brand DevaCurl has undergone a brand revamp and has also unveiled new products and formulas.
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US shoppers duped out of US$28 billion in 2021 by fake online reviews
Fake online reviews will be behind some US$3.96 billion of online fashion sales in the US and US$800 million of beauty and personal care buys, according to a study conducted by CHEQ and the University of Baltimore.
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Marc Jacobs Fragrances hosts fundraiser to support the LGBTQIA+ community
Coty-owned Marc Jacobs Fragrances has announced that it will donate up to US$50,000 to The Lesbian, Gay, Bisexual & Transgender Community Center through an interactive social fundraiser on Cameo.
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Procter & Gamble partners with Wayfarer Studios to produce podcast
Wayfarer Studios and Procter & Gamble have teamed up to co-finance and co-produce a series of projects across film, TV and new media, starting with a podcast due to launch next week, named The Man Enough, according to a report published by The Hollywood Reporter.
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Wellness platform Fresha raises US$100 million in Series C funding round
Beauty and wellness platform Fresha has raised some US$100 million in a series C funding round led by General Atlantic with strategic participation from Huda Kattan.
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Hims & Hers brings Miley Cyrus on board as Creative Advisor
Telehealth platform Hims & Hers has announced that Miley Cyrus has joined the company as Creative Advisor.
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The Estee Lauder Companies leads seed round for modern grooming brand Faculty
The Estee Lauder Companies has been named as lead investor for a US$3 million seed funding round for beauty start-up Faculty, according to a report published by Essence.
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Helen of Troy sells off personal care business to HRB Brands for US$44.7 million
Helen of Troy has announced that it has sold its mass market personal care business to HRB Brands for US$44.7 million in cash. The sale excludes the Latin America and Caribbean regions.
CLICK HERE P&G sees freight and commodity costs soar
Procter & Gamble has reported freight and commodity costs of US$600 million after tax for the current financial year to date, according to a report published by Reuters quoting the US FMCG giant’s CFO.
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Estée Lauder excessive fee lawsuit dismissal denied
A judge at the U. S. District Court of the Southern District of New York has ruled that an excessive fee lawsuit against Estée Lauder is to continue, according to a report by Plansponsor.
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Model Halima Aden returns to fashion industry with Tommy Hilfiger collaboration
US-Somali model Halima Aden has teased a return to the fashion world following her announcement back in October that she was quitting modelling.
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Sally Beauty launches new campaign YOU by Sally to normalize self-expression
Sally Beauty has launched a new campaign called YOU by Sally, which aims to normalize self-expression and celebrate the choice to have bright hair.
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Revlon bonds soar following reworking of debt load
Revlon’s bonds have soared to the highest since January 2020 following a reworking of its company balance sheet, according to a report by Bloomberg.
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Korean Actress Son Na-eun becomes new face of Neutrogena
Son Na-eun has been announced as the new face of Neutrogena, according to a report by Allkpop.com.
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Estée Lauder appoints Adut Akech as newest Global Brand Ambassador
Estée Lauder has announced South Sudanese-Australian model Adut Akech as its newest Global Brand Ambassador.
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Coty looks to raise US$500 million via senior secure notes offering
Coty is set to raise $500 million via an aggregate principle amount of senior secured notes, subject to market and customary conditions.
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BASF sells Kankakee site to One Rock Capital Partners
BASF has announced that it has concluded the sale of its manufacturing site in Kankakee, Illinois to an affiliate of One Rock Capital Partners. Terms of the deal were not disclosed.
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Luxury with a heart: LVMH launches emergency fund for employees
LVMH is ramping up its CSR activity with the launch of an unprecedented fund aimed at supporting its staff across the globe. The LVMH Heart Fund is designed to help employees faced with a serious personal situation via emergency financial aid and dedicated social and psychological support.
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CEO for the day: A$AP Rocky takes the helm at Klarna for 24 hours
Rapper A$AP Rocky assumed the role of CEO for a day at Klarna at the start of June, in recognition of his recent investment in the global payments provider.
CLICK HERE COTY CFO looks to improve profitability by streamlining product portfolio
THE WHAT? Coty CFO Laurent Mercier is looking to increase profitability by streamlining its product portfolio, according to a report by The Wall Street Journal. THE DETAILS Mercier is aiming to achieve company savings of $600 million over the course of...
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Rapper Sean Combs teams up with Salesforce on launch of marketplace for Black-owned brands
Rapper Sean Combs, known as P Diddy, has teamed up with Salesforce to launch a digital marketplace for Black-owned brands, named Shop Circulate.
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Etsy to acquire fashion marketplace Depop in $1.6 billion deal to attract gen Z consumers
Handmade goods marketplace Etsy has acquired second hand fashion app Depop in a $1.6 billion deal.
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L’Oréal USA’s B2B retailer SalonCentric announces new marketplace
SalonCentric, the B2B retailer owned by L’Oreal USA, is set to launch a new marketplace on its website, slated to go live in September.
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Kylie Jenner to enter baby market
Kylie Jenner is seemingly set to enter the baby market, with a new Instagram account appearing with the handle @KylieBaby.
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P&G’s new sensitive skin brand launches at CVS
Procter & Gamble has launched a new sensitive skin care brand, appropriately named GoodSkin MD. The brand soft-launched on its own D2C site and has now made its debut on CVS.com to boot and is set to hit physical shelves in July.
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Johnson & Johnson ordered to pay US$2.1 million as talc appeal denied
The US Supreme Court has refused an appeal in the now infamous 2018 St Louis talc litigation, leaving Johnson & Johnson with US$2.1 million to pay in damages, according to a report published by Bloomberg.
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Clinique names Melissa Barrera Global Ambassador
The Estee Lauder Companies-owned Clinique has announced Melissa Barrera as its new Global Ambassador. The Mexican actor is the brand’s first Global Ambassador from the Americas.
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Mary Kay joins Ellen MacArthur Foundation
As part of its commitment to becoming a more sustainable, circular business, Mary Kay has announced that it has joined the Ellen MacArthur Foundation as a member of its Network.
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Ulta Beauty posts record first quarter with sales up 65.2 percent
Ulta Beauty has announced financial results for the first quarter ended May 1, 2021. The US beauty retailer saw sales soar 65.9 percent versus the prior year period to hit US$1.9 billion, compared to US$1.2 billion in the year-ago quarter.
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Harry Styles to launch beauty brand?
Harry Styles is said to have registered a company covering the perfume and cosmetics sphere, according to a report published by The Daily Mail, quoting Us Weekly as its source.
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Bloomingdales unveils sexual wellness shop
Bloomingdales has jumped on the self-care trend with the launch of a sexual wellness shop aimed at helping shoppers to enhance their sex life and boost body positivity, according to a report published by The Zoe Report.
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E.l.f Beauty bucks trend as Q4 sales soar 24 percent
E.l.f. Beauty has reported its results for the three and twelve months ended March 32, 2021. The US mass beauty brand saw sales rise 24 percent in the final quarter of fiscal 2021 versus the same period in fiscal 2020, contributing to an overall uplift of 12 percent for the year, despite make-up’s declining fortunes.
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High flyer: Colgate-Palmolive to send oral care experiment to ISS
Colgate-Palmolive has announced plans to send to the first private sector oral care experiment to the International Space Station (ISS). The experiment is designed to learn more – in a microgravity environment – about the bacteria that affect oral and overall health.
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Authentic Brands Group plans IPO at $10 billion valuation in 2021
Authentic Brands Group, parent company of Forever 21, Juicy Couture and Brooks Brothers is reportedly planning a public listing this year, according to a report by Bloomberg.
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Coty announces Andrew Stanleick as new CEO of Kylie Jenner and Kim Kardashian’s beauty portfolio
Coty has promoted Andrew Stanleick to Chief Executive Officer for Kylie Jenner and Kim Kardashian’s Coty beauty businesses.
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L’Oréal USA invests $12 million into North Little Rock plant; creates new job opportunities
L’Oréal USA has invested $12 million into its North Little Rock, a move that will create 45 new full-time jobs at the plant.
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LVMH backs Bella Hadid as she speaks up for Palestine
LVMH is said to be backing Bella Hadid following her activism in support of Palestine during the ongoing conflict with Israel, according to a report by Instagram watchdog account Diet Prada.
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L Brands names CFOs for Bath & Body Works and Victoria’s Secret
L Brands has announced the appointment of Chief Financial Officers for its standalone Bath & Body Works and Victoria’s Secret businesses.
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G7 poised to endorse 15 percent multinational tax
The G7 looks set to endorse a proposal to impose a global minimum tax on the world’s largest corporations, according to a report published by Reuters.
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L Brands names new Board member
L Brands has announced that it has appointed JK Symancyk as an independent member of its Board of Directors, effective immediately. With this latest addition, the Board now consists of 11 Directors, 10 of whom are independent and six female.
CLICK HERE Simona Cattaneo resigns as Coty President, Luxury Brands
Coty has announced that Simona Cattaneo is to step down from her role as President, Luxury Brands after five years at the US beauty behemoth. She will leave the company this summer and her successor is yet to be announced.
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Google to pilot AI-powered dermatology assist tool
Google is set to pilot an AI-powered dermatology assist tool to make it easier to identify skin conditions. The internet search engine’s web-based application analyses skin from three images taken with a phone camera and a questionnaire and will provide users with a list of possible matching conditions that they can then research further.
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Oatly Group raises US$1.4 billion via IPO
Oatly Group announced the pricing of its initial public offering on May 19, 2021, with trading commencing the following day. Some 84.376,000 American Depositary Shares were offered at US$17 a-piece.
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Shiseido Americas promotes Vincent Ferrato to CFO
Shiseido Americas has announced the appointment of Vincent Ferrato as Chief Financial Officer, effective July 1, 2021.
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Bobbi Brown, Sephora and Clinique sign up for Facebook Live Shopping Fridays debut
A host of beauty brands have signed up to take part in the debut of Facebook’s Live Shopping Friday concept, including Bobbi Brown, Sephora, Clinique and Dermalogica.
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The Estée Lauder Companies increases ownership in Deciem
The Estée Lauder Companies (ELC) has completed the first phase of increasing its ownership in The Ordinary parent company, Deciem.
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Target reports 23 percent Q1 sales rise as investment in private-label brands and pandemic services pay off
Target has reported a 23 percent Q1 sales leap, with consumers beginning to return to stores as the U.S. vaccination drive continues.
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