Johnson & Johnson exploring plan to offload talc liabilities into bankruptcy
Personal care giant Johnson & Johnson is reportedly exploring plans to offload the liabilities from its ongoing baby powder litigation into a new business, which would then declare bankruptcy, according to a report by Reuters.
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Cannabis brand Pure Beauty raises US$5 million in convertible note funding
U.S.-based cannabis brand Pure Beauty has raised US$5 million in convertible note funding from a group of investors.
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Procter & Gamble eyes Gen Z with new brand ‘for body and mind’, Quiet & Roar
Procter & Gamble has announced the launch of a new, wellness-aligned brand of gentle body washes, scrubs and lotions, named Quiet & Roar.
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Johnson & Johnson recalls sunscreens found to contain benzene
Johnson & Johnson has issued a voluntary recall for all lots of five Neutrogena and Aveeno aerosol sunscreen product lines to the consumer level after internal tests found low levels of benzene in some of the products.
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P&G declares quarterly dividend
Procter & Gamble’s Board of Directors has declared a quarterly dividend of US$0.87 per share, payable from August 16, 2021.
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Livestreaming service Popshop Live raises US$20 million in Series A funding round
Livestream e-commerce site Popshop Live has raised US$20 million in a Series A funding round, which valued the startup at US$100 million.
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Kardashian sisters prevail in lawsuit over first beauty line
A California State Appeals Court has found in favor of Kourtney, Kim and Khloe Kardashian in a suit bought by the sisters against Haven Beauty and subsidiary Hillair Capital over royalty fees they were owed for their first beauty line, Khroma Beauty, according to a report published by Forbes.
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Hepsiburada closes US IPO
Turkish e-commerce platform Hepsiburada has announced the closing of its US IPO of 65,251,000 ADSs, priced at US$12 per unit.
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Polymer producer Kraton mulls sale
US-based polymer manufacturer, Kraton is considering putting itself up for sale, according to a report published by Reuters.
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Coty names Adam Driver as face of new Burberry scent
Coty has named Adam Driver as the face of its latest Burberry scent, set to hit shelves in August, according to a report published by WWD.
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