e.l.f. Beauty keeps prices low on cheapest items; raises prices on two-thirds of line up amidst inflation rise
E.l.f Beauty has maintained the low prices on its cheapest items despite increasing prices for two-thirds of its line up amidst the rising cost of inflation, according to a report by The Wall Street Journal.
Ashland increases prices by up to 15 percent due to inflation-related costs
Specialty ingredients company Ashland has announced that is to increase prices by up to 15 percent due to being hit by inflation-related costs.
Natura &Co: We have no plans to sell The Body Shop
Natura &Co has quashed rumors that it is considering the sale of The Body Shop or the spin off of its Aesop brand, according to a report published by Reuters.
Revlon bosses to be paid US$36 million in bankruptcy bonuses
A judge has given Revlon the nod, allowing the US beauty giant to pay out up to US$36 million in bonuses to its top executives over the next 18 months, despite the fact the firm has been declared bankrupt, according to a report published by Market Insider.
Modiface names new CEO as Aarabi steps down
L’Oréal-owned ModiFace has named Jeff Houghton as its Chief Executive Officer, effective October 1, 2022. A three-month transition period will take place, ending January 1, 2023.
Johnson & Johnson announces US$5 billion share repurchase program
Johnson & Johnson has announced a repurchase of up to US$5 billion of the company’s common stock, authorized by the Board of Directors.
The Honest Co launches in China
The Honest Co has partnered with SuperOrdinary to enter the Chinese market for the first time, according to a report published by WWD. The brand will sell its clean beauty line via Alibaba’s Tmall platform.
Beiersdorf and Bayer settle Coppertone class action for US$2.3 million
Beiersdorf and Bayer will pay our some US$2.3 million to settle a class actions suit bought against the manufacturers following the discovery that its Coppertone sunscreen was contaminated with benzene.
Procter & Gamble to invest US$180 million in St Louis plant
Procter & Gamble has indicated that it will invest some US$180 million to upgrade its St Louis plant, according to a report published by STL Today, as long as it is offered state tax incentives.
Magnolia Bakery teams up with Tula Skincare
New York’s iconic Magnolia Bakery has announced a partnership with P&G’s Tula Skincare to launch a body care product inspired by the sweet treats the Manhattan patisserie is renowned for, according to a report published by WWD.
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