Target Q1 net profits fall 52 percent to US$1.01 billion as margins are hit
Target has reported a 52 percent Q1 net profits drop, with quarterly profits halved.
Bite Beauty shuts down after a decade in business
Bite Beauty has announced its closure following 10 years in business.
Walgreen Boots Alliance sells 6 million shares in AmerisourceBergen Corporation
Walgreens Boots Alliance (WBA) has sold 6 million shares in AmerisourceBergen Corporation, with proceeds of US$900 million going to the company.
Saks Fifth Avenue to offer cosmetic procedures in store
Saks Fifth Avenue has partnered with Skinney Medspa in order to offer medical-grade cosmetic treatments in store, according to a report published by WWD.
Johnson & Johnson names CEO and CFO Designate for New Consumer Health Company
Johnson & Johnson has named Thibaut Mongon as CEO Designate and Paul Ruh as CFO Designate of the future, listed New Consumer Health Company.
P&G Lima Plant gets US$400,000 rail grant
Procter & Gamble’s Lima plant has been awarded a US$400,000 grant by the Ohio Rail Development Commission, according to a report published by LimaOhio.com.
GlycoBioSciences launches patent infringement suit against L’Oréal’s Vichy Laboratiories
GlycoBioSciences has filed a patent infringement lawsuit in the District of Columbia District Court charging L’Oréal-owned Vichy Laboratories with violating two patents related to formulations of polymer, according to a report published by Bloomberg Law.
Unilever teams up with AXA and Tikehau Capital to create new impact fund
Unilever has announced that it has signed a memorandum of understanding with AXA and Tikehau Capital outlining their shared ambition to create an impact fund dedicated to accelerating and scaling the regenerative agriculture transition.
Carlyle to buy HCP for US$1 billion?
Carlyle Group is rumored to be poised to takeover Chinese packaging firm HCP this summer, according to a report published by Bloomberg quoting ‘sources familiar with the matter’.
Google unveils AI tool to address color bias
Google has launched a palette of 10 skin tones that it says will help facial recognition software providers to better represent people with darker skin tones, according to a report published by Reuters.
L’Oréal shakes up Americas leadership
L’Oréal has announced a series of leadership appointments for its Americas division. The French beauty giant named Susannah Greenberg, Chief Information Officer for the Americas; Nathalie Gerschtein as President of Consumer Products Division for North America Zone; and Leslie Marino as President of Professional Products Division for the US.
Target updates on commitment to spend US$2 billion with Black-owned businesses; announces new Media Fund initiative
Target has shared an update on the progress it has made toward its Racial Equity Action and Change (REACH) commitment to invest more than US$2 billion with Black-owned businesses by the end of 2025.
Who What Wear digital fashion brand acquired by Future Publishing
Women’s fashion and lifestyle brand Who What Wear has been acquired by digital brand company Future Publishing.
Sally Beauty reports Q2 net sales decrease of 1.6 percent YOY
Sally Beauty has reported a Q2 net sales decrease of 1.6 percent YOY to US $911 million.
Coty reports 15 percent sales rise for Q3 FY22
Coty has reported a 15 percent sales rise for the third quarter in FY22, to US$1.8 billion on a reported basis.
The Estée Lauder Companies expands global renewable energy portfolio with first-ever Canadian solar array
The Estée Lauder Companies (ELC) has expanded its global renewable energy portfolio by recently completing an on-site solar array installation at its new fill and assembly manufacturing facility, Hillmount, in Markham, Ontario.
Walgreens announces changes to the Retail Products and Customer leadership team
Walgreens has announced personnel changes to its Retail Products and Customer leadership team, with Linh Peters named as Senior Vice President and Chief Marketing Officer; Luke Rauch, Senior Vice President and Chief Merchandising Officer; and Bala Visalatha, Senior Vice President and Chief Product Officer.
Colgate partners with Walmart to raise awareness of first recyclable toothpaste tubes
Colgate-Palmolive is dispatching its fleet of Bright Smiles, Bright Futures mobile dental vans to select Walmart stores to spread the news of its new recyclable toothpaste tubes.
Target announces leadership team shuffle
Target has announced a series of updates to its leadership, creating a new role for the company. Chief Guest Experience Officer as well as a series of changes to key positions such as EVP Chief Information Officer and General Counsel.
P&G faces further class action lawsuit over benzene in aerosols
Procter & Gamble is set to face yet another class action lawsuit over the discovery of benzene in a series of aerosol-based products, according to a report published by Classaction.org.
CVS Q1 2022: Revenue up 11.2 percent to US$76.8 billion
CVS Health has announced its operating results for the three months ended March 31, 2022. The US drugstore giant saw revenues rise 11.2 percent to US$76.83 million.
Gucci to accept cryptocurrencies in select US stores
Gucci is gearing up to accept payments in cryptocurrencies in US stores, according to a report published by Bloomberg. The Kering-owned brand’s New York, Los Angeles, Miami, Atlanta and Las Vegas stores will adopt digital tokens from the end of the month.
Too Faced Founders cut ties with brand
The Estee Lauder Companies has announced that the Co-founders of Too Faced Cosmetics, Jerrod Blandino and Jeremy Johnson, have departed the brand. The make-up marque will therefore be headed up by Tara Simon, who has been promoted to the role of Global President, Too Faced, effective July 1, 2022.
TRESemme x SimpleeBEAUTIFUL launch textured hair certification program
Unilever-owned TRESemme has teamed up with textured hair expert and educator Diane Da Costa of SimpleeBEAUTIFUL CurlyTextured Academy to launch a Texture Certification Program to train and certify licensed hair professionals in treating, cutting, and styling textured hair.
Revlon sees improved financial results for Q1; supply chain challenges continue to have an impact
Revlon has announced Q1 reported net sales of US$479.6 million, compared to US$445.0 million during the prior-year period, an increase of US$34.6 million, or 7.8 percent.
Ulta backtracks and offers an apology for ‘insensitive’ Kate Spade marketing email
Ulta has issued an apology regarding an ‘insensitive’ marketing email it sent regarding the Kate Spade brand.
Unilever promotes Samir Singh to Chief Marketing Officer role, personal care
Unilever has announced the promotion of Samir Singh to the role of Chief Marketing Officer, Personal Care.
Royal DSM sponsors The Skin Care Foundation’s Destination Healthy Skin Program
Royal DSM is sponsoring The Skin Care Foundation’s Destination Healthy Skin mobile screening and education program, which is touring the U.S. until 11th September.
The Estee Lauder Companies Q3 2022: Sales up 10 percent amid ‘market headwinds’
The Estee Lauder Companies has announced its results for the third quarter of fiscal 2022. The US prestige beauty giant professed its net sales growth of 10 percent yoy to US$4.25 billion a ‘strong’ performance amid market headwinds.
Madison Reed raises US$33 million to expand hair color bars
Madison Reed has announced that it has raised US$33 million in a funding round led by Sandbridge Capital, with participation from Marcy Venture Partners.
Victoria’s Secret and PINK Beauty launches in Amazon’s Store
Victoria’s Secret & Co has announced the launch of its Victoria’s Secret Beauty and PINK Beauty products in Amazon’s store.
Revlon’s Acting General Counsel resigns after less than three months in role
Revlon has lost yet another General Counsel, according to a report published by Bloomberg Law, as Penny Tehrani-Littrell tendered her resignation after just three months heading up the US beauty giant’s legal team.
Coty to pull out of Russia
Coty has announced that it is calling time on its Russian operations, almost three months after the country invaded Ukraine, according to a report published by Reuters.
L’Oréal Canada teams up with Walmart and TerraCycle to recycle beauty empties
L’Oréal Canada is encouraging Canadians to recycle their cosmetics and skin care products in Walmart Canada stores in partnership with TerraCycle.
Unilever Q1 2022: sales rise 7.3 percent as prices soar
Unilever has announced its results for the first quarter of fiscal 2022. The manufacturer of Dove reported underlying sales growth of 7.3 percent, with 8.3 percent from price and volume down 1 percent. All divisions grew strongly, the UK-based FMCG manufacturer said. Turnover increased 11.8 percent to €13.8 billion.
Lily Collins announced as the new face of Living Proof haircare
Actress Lily Collins has been announced as the new face of Living Proof haircare.
The Estée Lauder Companies elects new member to Board of Directors
The Estée Lauder Companies has elected Arturo Nuñez to its Board of Directors, who will also join the company’s Audit Committee.
Victoria’s Secret targets tween market with launch of new fully digital brand, Happy Nation
Victoria’s Secret is targeting the tween market with the launch of its new fully digital brand, Happy Nation.
P&G’s Olay and Pantene debut personalized products at Walmart
Olay North America and Pantene North America have teamed up with Walmart to launch a series of boosters for skin and hair to meet shoppers’ evolving personal care needs.
Meta to open first bricks and mortar store
Facebook-owner, Meta Platforms is gearing up to open the doors on its first bricks and mortar location, according to a report published by Reuters.
Helen of Troy snaps up Curlsmith owner as textured hair care sales boom
Helen of Troy has announced the acquisition of Curlsmith-owner, Recipe Products for a total consideration of US$150 million in cash, net of cash acquired.
Johnson & Johnson Q1 2022: sales inch up 5 percent
Johnson & Johnson has reported its results for the first quarter of fiscal 2022. The US manufacturer of baby care products saw sales swell 5 percent to US$23.4 billion, with operational growth of 7.7 percent. Earnings per share dropped 16.8 percent to US$1.93.
Vaseline launches database of conditions on skin of color
Unilever-owned Vaseline has teamed up with HUED and VisualDx to launch See My Skin, a database of skin conditions shown on skin of color with a view to improving g healthcare outcomes for people of color.
Farfetch expands into beauty space
Farfetch has announced its launch into the beauty category across its companies, Browns, farfetch.com and Off-White.
P&G Q3 2022: sales up 7 percent to US$19.4 billion
Procter & Gamble has reported its results for the third quarter of fiscal 2022. The US FMCG giant saw net sales rise seven percent versus the prior-year period to hit US$19.4 billion.
Phoenix Flavors & Fragrances acquires Innovative Fragrances Inc
Phoenix Flavors & Fragrances has announced the acquisition of Innovative Fragrances Inc.
Inter Parfums’ to let Dunhill fragrance license expire
Inter Parfums has announced that its Dunhill fragrance license will expire at the end of September this year, and will not be renewed.
Estee Lauder celebrates women in Ramadan campaign staring Saudi ballerina Samira Al-Khamis
Estee Lauder is celebrating women during women with its new campaign named Reach for the Stars, which features three prominent Arab women, according to Arab News.
Bed, Bath & Beyond Q4 2021: sales dive 12 percent amid supply chain challenges
Bed, Bath & Beyond has reported its results for the final quarter of 2021. The US retailer saw comparable sales drop 12 percent, impacted by ongoing supply chain and inventory availability challenges.
Sally Beauty launches third accelerator program
Sally Beauty has launched its third Cultivate Accelerator Program, which is designed to find, launch and support small businesses creating innovative products within the hair care, hair color, styling tool and nail categories.
LATEST NEWS
