Shinsegae to invest in U.S. feminine wellness brand Rael?
South Korean retail company Shinsegae Group is reportedly set to invest in U.S. feminine care wellness brand Rael as part of its US$50 million series B funding round, according to a report by Pulse News.
Coty appoints new CEO for Kylie and KKW Beauty and US GM
Coty has announced a series of appointments following the departure of Andrew Stanleick, EVP of Americas, according to a report published by WWD.
Pacifica Beauty appoints new CEO as Brentwood comes on board as investment partner
Pacifica Beauty has announced two strategic moves as part of its ambitious growth objectives for 2022 and beyond. The vegan, clean beauty brand has named Nathalie Kristo as its new CEO and Board Member and Brentwood Associates as its new growth partner.
Henkel to merge Laundry & Home Care and Beauty Care units to create new Consumer Brands business
Henkel has announced plans to create a multi-category platform through the merger of its Laundry & Home Care and Beauty Care units into a new Consumer Brands division.
IFF names next CEO
IFF has announced the appointment of Frank Clyburn to succeed Andreas Fibig as CEO and a member of the Board of Directors, effective February 14, 2022. The company will also separate the Chairman and Chief Executive roles, with Dale Morrison assuming the role of non-executive Chairman of the Board of Directors.
Walgreens Boots Alliance publishes ESG report
Walgreens Boots Alliance has published its 2021 Environmental, Social and Governance Report.
Cosmetics cut backs: 80 Glossier employees made redundant
Glossier has announced that it has laid off up to a third of its corporate work force, according to an article published by Modern Retail.
Dove tackles hair discrimination with ‘as early as five’ campaign
Unilever’s Dove has released a new body of research revealing the extent and young age at which Black girls experience hair discrimination in schools.
Snap evolves AR commerce with Catalog-powered Shopping Lenses
Snap has rolled out Catalog-powered Shopping Lenses, a new facet to AR shopping designed to simplify the process and engage consumers. The new experience is also said to be easier to build, scale and optimize for brands.
e.l.f Cosmetics cements clean beauty status with new skin care range, Pure Skin
e.l.f. Cosmetics has committed to becoming a clean beauty brand with the launch of its new derm-developed, fragrance-free, clean, vegan and cruelty-free skincare collection, Pure Skin.
Johnson & Johnson reports 10.4 percent Q4 sales growth
Johnson & Johnson (J&J) has reported 2021 Q4 sales of US$24.8 billion, a growth of 10.4 percent, with full year 2021 sales reaching US$93.8 billion, a growth rate of 13.6 percent.
Procter & Gamble partners with ‘impressive’ female collective to promote Pantene
Procter & Gamble-owned Pantene has teamed up with ‘impressive, strong, modern, multi-hyphenate women’ to form the new Pantene Conditioner Collective, who look to redefine the brand’s status quo.
Share price rise shows wide support for Kohl’s takeover
Kohl’s share price leapt 36 percent yesterday after reports that the department store chain has received a takeover bid from Sycamore Partners, according to a report published by Reuters.
Would you let an algorithm dress you? Enter Amazon Style
Amazon has announced that it is poised to open its first physical apparel store later this year at The Americana at Brand, Los Angeles. The space promises to revolutionise shopping for clothes, harnessing the e-commerce behemoth’s technology and operations wizardry.
The Beauty Health Company appoints former Coty exec President and CEO
The Beauty Health Company has announced the appointment of Andrew Stanleick as President and Chief Executive Officer, effective February 7, 2022.
Vital Proteins names Addison Rae Global Brand Ambassador
TikTok superstar Addison Rae has been named Global Brand Ambassador for collagen brand Vital Proteins.
Maybelline ushers in sustainability program, Conscious Together
Maybelline New York has unveiled its sustainability program. Dubbed Conscious Together, the initiative aims to create a more sustainable business model for the L’Oréal-owned brand.
Beautycounter names former Shiseido exec Marc Rey CEO
Beautycounter-owner, Counter Brands has announced Marc Rey as CEO, effective February 1, 2022. Rey will replace Founder Gregg Renfrew, who will serve instead as the company’s Executive Chair and Chief Brand Officer.
US FDA publishes white paper on testing for asbestos in cosmetics
The US Food and Drug Administration has released a white paper outlining scientific opinions on the testing of talc-containing cosmetics products for asbestos.
Perfect Corp teams up with MAC Cosmetics and SoPost to create ‘next generation’ sampling
Perfect Corp has teamed up with Lauder’s MAC Cosmetics and online sampling platform SoPost to create a personalized sampling experience billed as ‘first-of-its-kind, digital-meets-physical, for the prestige make-up brand’s Studio Fix Foundation.
Martha Steward CBD launches new line of wellness topicals as its first category expansion
Martha Stewart CBD has launched Martha Stewart CBD Wellness Topicals, which is the brand’s first-ever category expansion in its growing CBD portfolio.
Procter & Gamble tops Q2 estimates; raises 2022 sales forecast
Procter & Gamble Q2 earnings and revenue has topped Wall Street expectations, with price hikes offsetting higher commodity and freight costs.
BH Cosmetics files for bankruptcy
BH Cosmetics has filed for Chapter 11 bankruptcy protection in Wilmington, Delaware, and is planning to sell its intellectual property for US$4.3 million, according to WWD.com.
Walmart to join the Metaverse? Retailer files applications for own-brand Crypto and NFTs
U.S. retailer Walmart has filed seven applications to the U.S. Patent and Trademark office to launch its own-brand cryptocurrency, NFTs, possible payment system, and e-wallets, according to CNBC.
Tommy Hilfiger beauty business leaves The Estee Lauder Companies; enters into licensing agreement with Give Back Beauty
The Tommy Hilfiger beauty business has left The Estee Lauder Companies and entered into an exclusive licensing agreement with Give Back Beauty.
Ren Clean Skincare names new CEO
Unilever-owned Ren Clean Skincare has named Michelle Brett as Chief Executive Officer, WWD reports. Brett replaces Arnaud Meysselle who has left the company to take up the role as CEO of toy company Jellycat, according to his LinkedIn profile.
Sephora signs San Francisco’s biggest lease since the pandemic began in HQ move
LVMH-owned Sephora will be rolling out the packing crates after signing a lease for a new office in San Francisco – the city’s biggest such deal during the pandemic, according to a report published by the San Francisco Chronicle.
Bain and CVC pair up to bid for Boots
Bain Capital and CVC Capital Partners are said to be preparing a joint bid for Walgreens Boots Alliance-owned Boots, according to a report published by the Financial Times, quoting a source ‘with knowledge of the matter’.
Il Makiage closes US$130 million private round; values the company at US$1.5 billion
Oddity-owned Il Makiage has announced the closing of a US$130 million private round, that values the company at US$1.5 billion.
Hair care brand Cantu Beauty teams up with Women Empowering Nations (WEN) to host a series of career-readiness workshops for minority women
Hair care brand Cantu Beauty has teamed up with non-profit organization Women Empowering Nations (WEN) to host a series of career-readiness workshops for minority women around the globe.
Aromatherapy Associates joins beauty B Corp coalition to improve industry sustainability standards
Aromatherapy Associates has joined the beauty B Corp coalition, comprised of 27 certified B Corporations across eight countries and three continents, which aims to improve the sustainability standards of the beauty industry.
Selena Gomez thanks Rare Beauty team in full-page open letter in the New York Times
Actress and singer Selena Gomez has thanked her Rare Beauty team in a full-page open letter in the New York Times.
Saks debuts online wellness shop
Saks has announced the launch of a new wellness shop on Saks.com. The e-commerce store spans fitness, health & nutrition, sexual wellness and rest & relaxation and boasts an increased product selection with more than 100 brands.
Walmart dials back paid sick leave to align with CDC COVID-19 quarantine change
Walmart has changed its paid sick leave policy to align with the US Center for Disease Control and Prevention’s new isolation policy following exposure to or testing positive for COVID-19, according to a report published by Reuters.
Walgreens Boots Alliance hails ‘strong’ Q122 as sales up 7.6 percent
Walgreens Boots Alliance has branded its performance in the first quarter of fiscal 2022 as ‘strong’ after sales rose 7.6 percent in constant currency on the prior year period and operating income hit US$1.3 billion, a vast improvement on the US$535 million loss in the year-ago quarter.
Informa Markets buys Premiere Show Group
Informa Markets has announced the acquisition of Premiere Orlando, the largest beauty show in the US, and its sister shows Premiere Birmingham and Premiere Columbus, for an undisclosed sum.
P&G Beauty debuts virtual world, BeautySPHERE at CES 2022
P&G Beauty has debuted its virtual storytelling world, BeautySPHERE at the Consumer Electronics Show (CES) 2022. The digital experience allows visitors to interact with the US FMCG firm’s portfolio of brands through live and simulated content.
Procter & Gamble buys yet another prestige beauty brand; acquisition of Tula Skincare is third deal in as many months
Procter & Gamble is set to buy Tula Skincare, its third such acquisition in the space of three months, according to a report published by WWD. Terms of the deal were not disclosed.
John F. Kennedy International Airport launches new wellness centre
John F. Kennedy International Airport has partnered with XpresSpa and Port Authority to launch the Treat health and wellness centre, according to International Port Review.
Tech platform Mindbody unveils Top 10 Healthiest Cities in America as part of its 2022 Mindbody Wellness Index
Tech platform Mindbody has unveiled its Top 10 Healthiest Cities in America as part of its 2022 Mindbody Wellness Index, with Miami ranking number one for the third year in a row.
Coty names Naomi Scott as the face of the new Chloé Nomade Eau de Parfum Naturelle campaign
Coty has announced Naomi Scott as the new face of the Chloé Nomade Eau de Parfum Naturelle advertising campaign.
Procter & Gamble shifts to online presence with immersive LIfeLab experience at CES 2022
Procter & Gamble has opened its LifeLab immersive experience for CES following a press conference on its website PGLifeLab.com.
Paris Hilton launches virtual island
Paris Hilton has launched a virtual island where visitors can explore a digital version of her Beverly Hills home, drive a luxury car or climb aboard a yacht, according to a report published by Reuters.
Is Bain making a bid for Boots?
Bain Capital is rumored to have made advances to Walgreens Boots Alliance as a tentative first step towards purchasing its UK-based drug store chain, Boots, according to a report published by Bloomberg quoting Times of London as its source.
Blackstone invests in Supergoop!
Blackstone has announced that funds managed by Blackstone Growth have entered into an agreement for a majority investment in SPF-focused skin care brand, Supergoop!
Walmart sued over improper disposal of hazardous waste
The state of California is suing Walmart over claims that the US retailer has repeatedly failed to dispose of hazardous waste responsibly, according to a report published by Bloomberg.
P&G issues voluntary recall of aerosol dry shampoo and conditioner
Procter & Gamble has issued a voluntary recall of aerosol dry conditioner spray products and aerosol dry shampoo spray products from its Pantene, Aussie, Herbal Essences and Waterl
2021 Resilience: Finance
If ever there was a test designed to sort the wheat from the chaff, it was 2020. Some emerged from the pandemic’s salient year bigger and better (looking at you Amazon, LVMH), others, not so much. Indeed, 2021’s results provided an instant litmus test into the health of a given company after 2020 had done its worst. From Q1, we could see those who were bouncing back bigger and better and, in contrast, those who were still struggling.
2021 Resistance: Environment
While most companies pay at least lip service to sustainability, even as planet-friendly has become essential for CPG success, there are those continuing to resist – and that resistance comes in one of two forms: either everything goes suspiciously quiet or, worse, companies shout loudly but their claims don’t stand up to scrutiny.
2021 Resistance: Technology
Pre-pandemic, North America’s digital channel was under developed, especially compared to China and, in some cases, not much has changed. While some have adopted a more sophisticated approach to digital engagement, others have continued to dictate, not engage. This dogged determination to market at, not converse with, their audience won’t wash for long and shoppers have started to scroll on by.
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