Scent Beauty Appoints Former L’Oréal Executive Yoana Land Chief Financial Officer
Scent Beauty has appointed Yoana Land Chief Financial Officer as the fragrance company strengthens its executive leadership to support portfolio expansion and international growth.
Fairfax and Wittington Investments Agree US$8.9 Billion Boots Acquisition
Fairfax Financial Holdings and Wittington Investments have agreed to acquire Boots in a transaction valued at approximately US$8.9 billion, including assumed debt.
L’Oréal Taps Advisers to Explore Options for US Talc Liabilities
L’Oréal has appointed restructuring advisers to explore options for addressing mounting US legal liabilities related to talc and other chemical ingredients used in some of its cosmetics products, according to The Wall Street Journal.
Walgreens Owner Nears US$9 Billion Sale of Boots
Walgreens’ private equity owner Sycamore Partners is reportedly nearing a deal to sell UK pharmacy and beauty retailer Boots to the Canadian arm of the Weston family for close to US$9 billion including debt.
Oura Delays US IPO Despite Strong Investor Demand
Smart ring maker Oura has postponed its planned US initial public offering, citing uncertainty in the IPO market despite the offering reportedly attracting orders for around four times the available shares.
Scarlett Johansson’s Skincare Brand The Outset Closes
The Outset, the premium skincare brand founded by Scarlett Johansson and Kate Foster Lengyel, has closed four years after launching.
Arnault Family Restructures LVMH Holdings to Consolidate Control
Bernard Arnault and his family are planning to simplify the ownership structure controlling LVMH, consolidating substantially all of their stake in the luxury group within a single holding company, Agache SCA.
Amway Agrees US$225 Million Settlement with FTC Over Earnings and Sales Claims
Amway and two affiliates have agreed to a US$225 million settlement with the US Federal Trade Commission to resolve allegations concerning earnings claims made to independent distributors and the reporting of product sales.
Colgate-Palmolive Explores US$1 Billion Sale of Personal Care Brands
Colgate-Palmolive is reportedly exploring the sale of several mass-market personal care brands, including Softsoap, Irish Spring and Speed Stick, in a transaction that could generate more than US$1 billion.
Kimberly-Clark Prepares Asset Sales to Secure EU Approval for US$40 Billion Kenvue Deal
Kimberly-Clark is reportedly preparing concessions to address European Union competition concerns over its US$40 billion acquisition of Kenvue as it seeks regulatory approval for the transaction.
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