Kiehl’s partners with Gyrl Wonder
L’Oréal-owned Kiehl’s has announced that it has teamed up with Gyrl Wonder, a cross-cultural mentorship program that helps shape young women of color through social impact and career exploration.
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TikTok to pay out US$92 million over facial recognition tech
TikTok will pay out some US$92 million to settle a class action suit which claims that the Chinese social media site has breached privacy laws through its use of facial recognition tech to identify a user’s gender, age and ethnicity, according to a report published by BBC News.
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Sephora’s US store count to increase by 260 in 2021
In a clear sign that bricks and mortar has plenty of life in it yet, LVMH-owned Sephora is planning its largest US footprint expansion to date, according to a report published by Forbes. The beauty retailer will add some 260 stores to its total this year.
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Johnson & Johnson allows US$3.9 billion to settle talc suits
Johnson & Johnson has created a pot of US$3.9 million to settle numerous talc suits, according to a report published by Asbestos.
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Lauder calls time on Becca Cosmetics
The Estee Lauder Companies-owned Becca Cosmetics has announced that it will cease to trade from September this year.
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Citigroup seeks court order to freeze Revlon funds
Citigroup’s next step in its ongoing battle to recover funds mistakenly paid to Revlon creditors last summer is to seek an extension to the freezing order currently in place on the US$500 million sum, according to a report published by Bloomberg.
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Ardagh to merge business with Gores Holdings
Ardagh Group has announced that it is set to spin off its metal packaging unit, which will then be combined with Gores Holdings to create an independent public company.
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Estée Lauder Companies acquires majority stake in No Ordinary parent Deciem in $1bn deal
The Estée Lauder Companies (ELC) has acquired a majority stake in The Ordinary parent company Deciem in a $1 billion deal, which values the company at $2.2 billion.
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Kohl’s has issued a statement in response to an open letter published by an activist investor group comprising Macellum Advisors, Legion Partners Holdings, Ancora Advisors and 4010 Capital.
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Glossier and ELF CEOs join Allbirds Board
Californian sneaker brand, Allbirds has announced two high-profile appointments to its board, according to a report published by WWD. Emily Weiss, CEO of Glossier and Mandy Fields, CFO at Elf Beauty will join the sustainable footwear brand’s Board, bringing the total number of Board Members to eight.
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