Is private equity firm General Atlantic set to acquire Morphe Beauty?
Private equity firm General Atlantic is said to be nearing the completion of a deal to acquire a majority stake in Morphe Beauty. According to reports, the deal, which is said to value the company at more than $2 billion including debt, will be announced in August....
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L’Oréal let off class action suit over defective bottles
L’Oréal will not have to defend itself against a class action lawsuit that claimed the French beauty giant was deliberately packaging liquid cosmetics in bottles that trap a significant amount of the contents inside, according to a report published by Bloomberg Law. A...
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Amazon offers shoppers US$10 for unlimited data collection
Amazon is offering shoppers a US$10 voucher in exchange for unlimited data collection, tracking web activity and shopping habits via its Amazon Assistant app, according to The Drum. “This data is tremendously valuable to Amazon and offering users a mere US$10 for...
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Tekni-Plex to move into South American market with purchase of Geraldiscos
Pennsylvannia-based Tekni-Plex is set to make its first foray into the South American market with the acquisition of Geraldiscos, according to a report published by Plastics News. The Brazilian packaging firm produces closure liners and induction seals for plastic and...
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Victoria Beckham CEO quits ‘with immediate effect’ after 10 months
The CEO of Victoria Beckham has stepped down from his role after just 10 months at the helm of the fashion brand, according to a report published by WWD. Paolo Riva is leaving the company ‘with immediate effect’ citing personal reasons. Victoria Beckham Chairman,...
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US CBD sales predicted to grow 706 percent to US$5 billion this year
A report compiled by Brightfield is predicting meteoric growth for the US CBD market this year. US CBD sales are expected to grow 706 percent year-on-year to reach US$5 billion by 2019’s close, per the report, reaching sales of US$23.7 billion by 2023 – a CAGR of 107...
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P&G donates US$529,000 to help close soccer pay gap
Procter & Gamble’s Secret brand has donated a sum of US$529,000 to the victorious US women’s soccer team in a bid to level the playing field between women’s and men’s soccer, according to a report published by the Associated Press. The sum equates to US$23,000 per...
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Colgate-Palmolive to acquire Filorga skin care portfolio
Colgate-Palmolive has announced that it has agreed to acquire the Laboratoires Filorga Cosmetiques Skin Care Business for €1,495.5 million (US$1,690 million). The purchase of the French premium anti-aging brand forms part of Colgate’s strategy to focus on its higher...
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Green Growth Brands strikes deal with American Eagle to sell CBD-beauty line
Green Growth Brands has announced that it has received a purchase order from American Eagle Outfitters. Under the deal, a line developed exclusively for the American apparel and lifestyle chain by Green Growth Brands will be stocked in nearly 500 American Eagle stores...
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L Brand owner sees shares drop as friend Jeffrey Epstein is indicted on sex trafficking crimes
Shares of L Brand, owned by Leslie Wexner, have fallen by more than four percent as friends of Jeffrey Epstein feel the brunt of the financier's recent indictment in New York courts on sex trafficking charges, according to a report by Bloomberg. The parent company of...
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