L’Oréal USA appoints President of L’Oréal Paris USA
L’Oréal USA has announced the appointment of Ali Goldstein as President of its L’Oréal Paris USA brand, effective October 1, 2019. Goldstein has worked for the French beauty giant for the past 18 years across a number of senior roles, most recently General Manager of...
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Henkel buys minority stake in refillable cleaning range Truman’s
Henkel has taken on the role of lead investor in a US$5 million seed round for eco-friendly home care start-up, Truman’s. The German FMCG manufacturer’s minority investment was made via its venture capital arm, Henkel Ventures. Truman’s is a direct-to-consumer...
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Henkel names SVP Head of Human Resources North America
Henkel has announced the appointment of Frank Steinart as Senior Vice President, Head of Human Resources North America. In addition, he will serve as a member of the German FMCG manufacturer’s North American Leadership Team and be based at Henkel’s Consumer Goods...
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Top execs exit as Johnson & Johnson restructures beauty division
Johnson & Johnson carried out a restructure of its beauty department over the summer, according to a report published by WWD, resulting in the departure of some key personnel. Sebastien Guillon, Global President of Beauty, and Michelle Freyre, US President of...
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Shiseido creates Business Transformation Department
Shiseido has announced the creation of a new office function, which has been named ‘Business Transformation Department’. As the name suggests, the team will be charged with implementing swifter management planning and will be established under the Group CFO to...
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Jamie Kern Lima steps down from her It Cosmetics brand
The Founder of IT Cosmetics, Jamie Kern Lima, is stepping down from her role as CEO of the brand. Kern Lima founded It Cosmetics 11 years ago, selling the brand to L’Oréal for a cool US$1.2 billion in 2016, remaining in situ as CEO of the brand. “The time has come to...
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Ulta revisits forecast after ‘solid’ Q2 performance
Ulta has announced its financial results for the second quarter of the financial year. Net sales were up 12 percent over the three months ended August 3, 2019 to US$1,488.2 million, while comparable sales rose 6.2 percent compared to the same period a year ago. “The...
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Revlon to scope out potential bidders after Labor Day
Revlon is exploring a sale and will make contact with potential bidders as early as next month, according to a report published by Bloomberg, quoting an anonymous source close to the company. The US cosmetics giant, which also owns Elizabeth Arden, is said to have...
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Calvin Klein embraces influencer marketing with Eternity for Men campaign
Calvin Klein is set to launch its first influencer campaign for its Eternity for Men scent, according to a report published by WWD. The campaign will run globally until Father’s Day 2020 online only. The campaign stars wrestler Jordan Burroughs, footballer Thiago...
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Under the influence? Lauder spends majority of marketing budget on digital and social media stars
CEO of The Estee Lauder Companies, Fabrizio Freda has revealed that the US prestige beauty giant spends as much as 75 percent of its marketing budget on digital and influencers, according to a report published by Ad Week. Freda disclosed the figure during an earnings...
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