Legal opinion slams Citi verdict in Revlon row
A group of legal experts has criticised the outcome of a case that has prevented Citigroup from recouping finds mistakenly paid to Revlon creditors, according to a report published by Bloomberg.
CLICK HEREP&G launches Tokyo 2020 Olympics Campaign
Procter & Gamble has announced the release of its Tokyo 2020 Olympics Campaign, which shines a spotlight on the Olympic and Paralympic athletes who are not only achieving greatness in their sport but also taking action for good.
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Procter & Gamble completes US$2 billion notes offering
Procter & Gamble has completed a US$2 billion offering of two tranches of notes, according to a press release issued by Fried Frank, who acted as counsel to lead underwriters, Citigroup Global Markets, Goldman Sachs and Morgan Stanley.
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Honest Company values upcoming IPO at $1.4bn; signals come back for ailing business
Jessica Alba’s brainchild the Honest Company is set to list on the Nasdaq exchange at a valuation of $1.4bn, signalling a comeback for the business, according to a report by the FT.com.
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Bouncing back: The Estee Lauder Companies’ sales soar 16 percent yoy in Q3 2021
The Estee Lauder Companies has reported its results for the third quarter of fiscal 2021. The US prestige beauty behemoth saw sales climb 16 percent on a reported basis from the prior-year period to hit US$3.86 billion.
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Chanel owners sell sizeable Ulta stake
The investment firm that manages the wealth for the Wertheimer family, who own a controlling interest in Chanel, has sold the majority of its stake in Ulta Beauty, according to a report published by Bloomberg Wealth.
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Has the pandemic Amazon habit cemented? Sales soar 44 percent in 1Q 2021
Amazon has announced its results for the first quarter of the current financial year. The e-commerce behemoth saw sales soar 44 percent versus the same period in 2020 to US$108.5 billion, while operating income rose to US$8.9 billion compared to US$4 billion in Q1 2020.
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P&G Ventures announces its next Virtual Innovation Challenge
P&G Ventures is accepting submissions from entrepreneurs, inventors and start ups for its next Virtual Innovation Challenge.
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L’Oréal USA to open Los Angeles HQ
L’Oréal USA has announced that it will be opening a second company headquarters in California in early 2022.
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L’Oréal wins adenosine patent suit
A US Federal Court has found in favor of L’Oréal in a patent infringement suit where the French cosmetics brand stood accused of impinging on a patent held by the University of Massachusetts and Carmel Laboratories covering skin care ingredient adenosine, according to a report published by Life Sciences Intellectual Property Review.
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