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.
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 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.
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.
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 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 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 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 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.
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.