NBA enters beauty market with ColourPop collaboration
The U.S. professional basketball league NBA is entering the beauty market via a partnership with ColourPop, named ColourPop x NBA collection.
Deciem enters Mexican market via luxury department store El Palacio de Hierro
The Ordinary parent company Deciem is entering the Mexican beauty market, with a retail launch into luxury department store El Palacio de Hierro.
Walmart, Target et al charter ships to stock shelves
America’s largest retailers have resorted to chartering their own ships in order to stock their shelves, according to a report published by The Wall Street Journal.
Airlite Plastics buys Cosmetic Specialties International
Airlite Plastics has announced the acquisition of Cosmetic Specialties International, expanding its industry presence into cosmetic packaging products.
California passes bill green lighting sale of CBD
California has passed Assembly Bill 45, granting official approval to the sale of hemp-derived CBD products.
Highlander Partners snaps up clean beauty brand RMS
Highlander Partners has announced the acquisition of RMS Beauty for an undisclosed sum.
P&G ramps up radio commercials
Procter & Gamble has ramped up its activity in the radio channel, according to a report published by Inside Radio. The US FMCG giant is now advertising some 13 brands, totalling some 200,000 airings per week, per Media Monitors’ figures reported by Inside Radio.
Britney Spears’ fragrance line allegedly racked up sales of US$100 billion
The brother of Britney Spears has claimed that the singer’s fragrance line achieved sales of US$100 billion, according to a report published by Newsweek.
Garnier launches educational campaign dedicated to sustainable consumption
L’Oréal USA-owned hair care brand Garnier has launched a new educational campaign, dedicated to sustainable consumption.
Authentic Brands Group appoints Joseph N. Zarro as new President of Latin America
Authentic Brands Group (ABG) has appointed Joesph N. Zarro as its new President of Latin America (LATAM).
Silgan Holdings acquires Unicep Packaging for US$237 million
Silgan Holdings has announced that it has acquired Unicep packaging for US$237 million.
Coppertone recalls sunscreens over benzene content
Beiersdorf-owned Coppertone has issued a voluntary nationwide recall of certain lots of its aerosol sunscreen sprays after they were found to contain Benzene.
Coty sells 9 percent stake in Wella to KKR
Coty has announced that it has signed a definitive agreement to sell an approximate 9 percent stake in Wella to KKR in exchange for roughly half of KKR’s remaining convertible shares in Coty.
Blo Blow Dry to adopt Mindbody software across 130 locations
Mindbody and Blo Blow dry Bar have executed a global agreement, which will see the experience technology platform used throughout the world’s largest blow dry bar franchise’s 130 locations worldwide.
Chanel family investment firm, Mousse Partners cashes in on Olaplex IPO
Mousse Partners has pocketed US$95.2 million from the IPO of hair care brand Olaplex, according to a report published by Bloomberg Wealth.
Citigroup launches appeal to recoup Revlon cash
Citigroup has petitioned the 2nd US Circuit Court of Appeals in Manhattan in a bid to recover the US$504 million it sent to Revlon creditors in error, according to a report published by Reuters. The bank’s argument centers around the fact that none of the lenders were expecting to be repaid by the cosmetics company.
The Estee Lauder Companies calls time on Designer Fragrances division
The Estee Lauder Companies is said to be winding down its Aramis & Designer Fragrances unit, according to a report published by WWD.
NTWRK raises US$50 million
North American livestream shopping platform, NTWRK has raised US$50 million in a funding round led by Goldman Sachs and Kering. Tenere Capital and LionTree Partners also participated.
L’Oréal USA partners with Anti-Defamation League to bring holocaust education program to students across the U.S.
L’Oréal USA has partnered with the Anti-Defamation League (ADL) to launch an education initiative that aims to raise awareness and promote understanding about the Holocaust to students across the U.S.
Coty expands beauty tech offering in new Perfect Corp partnership
Coty has announced a multi-channel agreement with beauty tech solutions provider Perfect Corp.
M.A.C honors Whitney Houston with new make-up line
M.A.C Cosmetics has announced a new partnership with the Whitney Houston Estate, which will see the beauty brand launch a new collection in 2022.
Procter & Gamble announces vaccine mandate for all 26,000 U.S. staff
Procter & Gamble (P&G) has announced a vaccine mandate for its 26,000 U.S. staff, according to a report by Cincinnati Business Courier
Doja Cat and BH Cosmetics launch new make-up line
Singer Doja Cat has teamed up with indie start-up company BH Cosmetics to launch a new make-up line.
Unilever North America to connect with US Hispanic population with new initiative
Unilever North America has announced a company-wide, purpose-led initiative, named Nos Inspiras Tu, committing to driving change and advancing social impact work that connects in more meaningful ways with the Hispanic population in the US.
Target rolls out mobile scheduling app to help staff chose or swap shifts to suit
Target has rolled out a new mobile scheduling app which will enable employees to choose shifts to align with their schedules. The US retailer has been evolving its staffing model for more than a year to provide more stable hours and paychecks for its team.
Ulta Beauty fined US$750,000 for improper waste disposal
Ulta Beauty has been ordered to pay US$750,000 to settle a civil suit alleging that the retailer failed to dispose of flammable and toxic materials properly across the greater Bay Area, according to a report published by KSRO.
Code red: 100 beauty brands advocate for change with climate-focused social media blackout
More than 100 beauty and wellness brands, including Versed, Youth to the People, Milk Makeup and Kjaer Weis, participated in a social media blackout on Zero Emissions Day last week in a bid to advocate for solutions to the growing climate crisis.
Ulta Beauty launches the Muse 100 grant; honors black voices in beauty
Ulta Beauty has announced the launch of the Muse 100 grant, which celebrates 100 inspiring black voices in beauty.
Claire’s launches first subscription service Cdrop
Fashion brand Claire’s has launched its first subscription service program, named Cdrop, focusing on Gen Z and millennial consumers.
Patrick Starr collaborates with Fashion to Figure on new ready-to-wear collection
Model and digital creator Patrick Starr has teamed up with plus size fashion and accessories brand Fashion to Figure to create a new ready-to-wear collection, named Life’s a Party.
The Body Shop North America expands Open Hiring Practices to create an ‘inclusive environment’
The Body Shop North America has expanded its Open Hiring practices and has eliminated common barriers to employment, such as background checks, drug screenings and previous experience.
Shavelogic closes US$100 million in financing; launches SL5 razor
Shavelogic has closed US$100 million in growth capital from Jeffries, with Aon’s Intellectual Property Solutions having played an important role in helping to secure key Collateral Protection Insurance to support the financing.
L’Oréal USA hits carbon neutral goal
L’Oréal USA has announced that it has reached carbon neutrality for scopes 1 and 2 emissions for all 25 US sites across 12 states, including its manufacturing and distribution facilities, administrative locations and research and innovation sites.
Jinjoo Labs names CEO
Jinjoo Labs has announced Louise Caldwell as its Chief Executive Officer, effective immediately.
Coresight Research confirms 10.10 livestream event is back for 2021
Coresight Research has confirmed that it will run its livestream shopping festival once again this year in a bid to convert US shoppers to the new retail medium, according to a report published by WWD.
Colgate-Palmolive opens applications to Latinx students for grants
Colgate-Palmolive has opened applications for its annual Haz la U educational grant program ahead of the 2022-2023 academic year.
Buy less to end supply crisis, says Maersk executive
The CEO of Maersk-owned APM Terminals has warned that elevated consumer demand is exacerbating the supply chain crisis, according to a report published by the Financial Times.
L’Occitane unveils social selling platform
L’Occitane has announced the launch of its social selling platform, MyL’Occitane. The company said that its goal is to empower its eco-conscious community by providing them with the opportunity to start their own entrepreneurial journey.
Procter & Gamble aims for net zero by 2040
Procter & Gamble has announced a comprehensive plan to accelerate its fight against climate change and set a new ambition to achieve net zero greenhouse gas emissions across its operations and supply chain, from raw material to retailer, by 2040.
Could do better: beauty left behind in Refinitiv’s Diversity and Inclusion ranking
Refinitiv has released its annual ranking of firms’ performance in Diversity & Inclusion. The industry with the highest D&I score is software and IT services; Kering, South Africa’s Woolworths and GlaxoSmithKline were the only beauty-related companies to secure a top 25 spot, ranked 9th, 12th and 21st respectively.
Merit raises US$20 million in Series A funding round
Minimalist beauty brand Merit has announced a US$20 million Series A funding round led by L Catterton. Macy Venture Partners and Sonoma Brands also participated in the round.
Men’s health brand Numan raises US$40 million in Series B funding round
Men’s health brand Numan has raised $40 million in a Series B funding round, led by White Star Capital.
Resonate Blends to acquire Lemon and Grass cannabis brand
Resonate Blends, a cannabis and hemp holding company, has signed a letter of intent to acquire Florida-based cannabis wellness brand Lemon and Grass.
Function of Beauty appoints Alexandra Papazian as CEO
Customizable beauty, skin and hair care brand Function of Beauty has announced the appointment of Alexandra Papazian as CEO.
MAC names Saweetie Global Ambassador
The Estee Lauder Companies-owned MAC has named Saweetie as its new global ambassador.
Amazon ups the ante in employee perks; offers to cover college tuition for 750,000 US workers
In the ongoing battle to recruit and retain staff, Amazon has played the ace card. The US e-commerce behemoth is offering to pay college tuition for front-line employees as part of a US$1.2 billion investment in education and skills training.
Procter & Gamble reshuffles leadership team as Moeller prepares to take the helm
Procter & Gamble has announced a series of leadership appointments in the run up to Jon Moeller’s official start as CEO of the company, effective November 1, 2021, according to a report published by Cincinnati.com.
Walmart to end quarterly bonus as hourly wage increased
Walmart will no longer pay bonuses each quarter to store workers, instead upping its hourly rate of pay, according to a report published by The Wall Street Journal.
Beauty Pie raises US$100 million in Series B funding round
Beauty Pie has completed a Series B funding round of US$100 million, bringing the company’s total funding to date to approximately US$170 million.
Beautycounter joins forces with Klarna to launch ‘Better Beauty’ livestream shopping series
Clean beauty company Beautycounter is teaming up with buy now, pay later app Klarna on a new livestream shopping series.
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