Macy’s has reported its results for the third quarter of the current financial year. The US department store saw sales tumble 21 percent yoy to US$3,990 million and reported a loss of US$91 million, a far cry from the US$2 million net income reported in the same period last year.
Ex Coty CEO Peter Harf has upped his stake in the US beauty behemoth to the tune of US$150 million, according to a report published by Bloomberg, quoting a regulatory filing as its source.
Walmart and Rakuten have announced the signing of definitive agreements under which KKR will purchase a majority stake, and a new Rakuten subsidiary will purchase a minority stake in Seiyu. The deal values the business at ¥172.5 billion.
L’Oréal USA has announced the recipients of its 2020 For Women in Science Fellowship. The annual program awards five female post-doc scientists grants of US$60,000 a head to advance their research.
Revlon has announced its results for the third quarter of the current financial year. The US beauty giant saw sales plummet 20.1 percent yoy to US$477.1 million in the three months to September 30, 2020 versus US$596.8 million in the prior-year period.
A burgundy mascara produced by L’Oréal Paris has gone viral after a TikTok user highlighted its potential to make eyes appear greener, according to a report published by Health.
Vaseline has partnered with Regina King as part of a wider mission to champion change for true equity in skin health for Black and Brown skin.
Edgewell Personal Care has announced its results for the fourth quarter and full year of fiscal 2020. Sales dropped 7.4 percent yoy in the final quarter ended September 30, 2020, to bring net sales to US$1,949.7 million for the year. A decrease of 8.9 percent compared to the prior year.
Coty has announced the anticipated completion of the sale of its Wella unit to KKR by November 30, 2020, according to a report published by Yahoo! Finance.
Singer Pharrell is set to unveil his skin care line, Humanrace, next week on November 25. A report published by Dazed Digital reveals that the range will launch with three vegan products, a Rice Powder Cleanser, Lotus Enzyme Exfoliator and Humidity Cream.
Revlon is said to be close to a bondholder accord, which will help the beauty giant avoid bankruptcy, news which has caused company shares to jump 15 percent this week, according to a report by Bloomberg.
Ulta has announced a strategic partnership with Target, which will see the premium retailer open ‘shop-in-shop’ concepts inside the mass retailer.
A suit filed by an ex-L’Oréal employee claiming wrongful discharge over patent quotas has been dismissed by the US District Court for the District of New Jersey, according to a report published by JD Supra.
Coty has announced its financial results for the first quarter of fiscal 2021. The US beauty behemoth said that its performance had ‘significantly improved’ in the three months ended September 30, 2020.
While beauty has long been associated with the likes of image- and video-led social media platforms such as Instagram, Snapchat and TikTok, Twitter is no stranger to the industry, according to a report published by Ad Week.
Younique has named Kristi Hubbard Chief Executive Officer. Hubbard has held the role of President since July this year and her transition to CEO was envisaged at the time she joined the company, Younique said in a statement.
The Estee Lauder Companies has partnered with SmartGift in order to make the online shopping experience for gifts a breeze this holiday season.
Hemp Synergistics has announced the launch of two D2C CBD-based lines, Pure Synergistics and Lily + Rein, according to a report published by Bevnet.
Walgreens Boots Alliance has announced the appointment of Valerie Jarrett to its Board of Directors and to the Board’s Audit Committee and Compensation and Leadership Performance Committee, effective immediately.
e.l.f Beauty has reported a 7 percent year on year net sales growth to $72.4 million for the three months ending 30th September, 2020.
The Estée Lauder Companies has achieved net zero emissions as well as sourcing 100% renewable electricity globally for its direct operations, as a result reaching the target set when joining the RE100.
Speculation is growing that notorious music producer Marshmello is planning a foray into make-up after he challenged a trademark application lodged by L’Oréal for the term ‘The Marsh Mellow’ in relation to a new beauty launch, according to a report published by EDM.
A hack that’s gone viral on social media platform TikTok has sent sales of Chanel’s cotton make-up remover pads sky-high, according to a report published by the New York Post.
The Estee Lauder Companies has reported its results for the first quarter of fiscal 2021. In the three months ended September 30, 2020, the US prestige beauty behemoth saw sales drop 9 percent on a reported basis to US$3.56 billion.
Shopify has announced a first-of-its-kind partnership with TikTok that brings the short-form video platform to its more than one million merchants across the US, followed by select markets throughout North America, Europe and Southeast Asia from early 2021.
Colgate-Palmolive has announced the appointment of Stanley J Sutula to succeed Henning Jakobsen as Chief Financial Officer, effective November 9, 2020. Jakobsen will assume the role of Senior Vice President until his retirement date of December 31, 2020, in order to ensure a smooth transition.
Procter & Gamble-owned Gillette has announced a series of sustainability commitments aimed at reducing product and packaging waste and improving its environmental footprint across major areas such as water conservations, manufacturing operations and its supply chain by 2030.
Postmates has announced the launch of a new platform offering users instant delivery from LA-based apparel, homeware, beauty and wellness stores, according to a report published by CNBC.
Amazon is debuting its Climate Pledge Friendly program in Europe, unveiling some 40,000 products across France, Germany, Italy, Spain and the UK with one or more of its sustainability certifications.
Revlon owner Ronald Perelman has sold a series of artworks worth some US$350 million in total, according to a report published by The Value.
Avon has announced the opening of its new immersive experience centre, Studio 1886, based in Los Angeles, U.S.
Shares in THG have risen 10.6 percent to 737.3p following upgraded annual guidance from £1.48 billion to £1.52 billion.
The ongoing will they, won’t they saga of the LVMH-Tiffany buy out continues, with the jewellery maker now said to be willing to renegotiate on price in order to tie up the deal, according to the Financial Times.
Forma Brands, new parent company of Morphe, has announced the acquisition of Lipstick Queen, according to a report by WWD.com.
Bed, Bath & Beyond has upped its female leadership quota, having named Elizabeth Meltzer as General Merchandising Manager.
Following the launch of Unilever’s largest refill pilot in Europe to date yesterday, P&G Beauty has now shared its latest packaging innovation.
Following her departure from her eponymous Lauder-owned brand, make-up artist Bobbi Brown has announced the launch of a new venture. Jones Road is Brown’s first foray into cosmetics since she quit her namesake brand in October, 2016.
The Estee Lauder Companies-owned Aveda has partnered with LMR Naturals by IFF, Biovanilla, BSR and Wholechain to launch a pilot program to leverage blockchain technology in its Madagascan vanilla supply chain.
Visa Tap to Phone has announced that, after a year-long pilot, it will be available in some 15 markets with plans to expand to the United States.
Coty has announced two additions to its leadership team with the appointments of Isabelle Bonfanti as Chief Commercial Officer and Jean-Denis Mariani to the newly created role of Chief Digital Officer.
Elemis has announced a leadership reshuffle, with Noella Gabriel being promoted to Global President and Oriele Frank to Chief Product and Sustainability Officer, effective immediately. Sean Harrington, CEO, has joined the Board of L’Occitane International.
Procter & Gamble (P&G) has reported a Q1 2021 sales rise of 9 percent, fuelled by a stronger call for its household goods amidst COVID-19, as well as higher demand in North America, the company’s largest market.
L’Oréal USA has named Marc Toulemonde as its new Chief Digital & Marketing Officer, with Christina Fair being promoted to President, Active Cosmetics Division, North America, effective 16th November, 2020.
Facebook has announced its latest update for Instagram, which focuses on making business messaging more efficient through an integration with Messenger tools, according to a report by WWD.com.
Hudson Yards event space, Hudson Mercantile, has filed for bankruptcy as the pandemic continues to wreak havoc on the events industry, according to a report by Bloomberg.
KKR has named Annie Young-Scrivner as Chief Executive Officer of Wella Company, effective upon the close of the previously announced transaction by which KKR will acquire a 60 percent stake in the firm from current owner Coty.
A New York court has thrown out a class action suit brought against L’Oréal which alleges that the French beauty brand’s EverSleek Keratin Caring hair care line is misleadingly named, according to the Global Legal Chronicle.
Citigroup has dropped Investcorp from the list of defendants it is suing over an accidental payment sent to a series of Revlon creditors, according to a report published by Bloomberg.
The Estee Lauder Companies has named Gibu Thomas President of its Online division, following the retirement of Dennis McEniry after nearly 20 years with the company, effective November 16.
Hudson’s Bay has announced the landmark appointment of its first Diversity and Inclusion executive, effective November 23, according to a report published by WWD.