AmorePacific to close Innisfree stores in North America
AmorePacific is set to pull its Innisfree brand from the North American market, and has already started to shutter stores in the region.
Harry’s Inc collaborates with Ashley Graham on new line of body hair removal kits
Harry’s Inc has partnered with Ashley Graham, with the model to create and sell a line of body hair removal kits, according to a report by Bloomberg.
Macy’s announces $235 million investment in flagship location
U.S. retailer Macy’s has announced it is to invest $235 million into its flagship Herald Square location and the surrounding neighbourhood, in a bid to assist the recovery of New York.
The Estée Lauder Companies appoints ex-Biden staff Meridith Webster new EVP, Global Communications and Public Affairs
The Estée Lauder Companies has announced the appointment of Meridith Webster into the newly-created role of Executive Vice President, Global Communications and Public Affairs, effective 17th May, 2021.
Revlon Q1 net sales fall 1.8 percent; announces expanded restructuring efforts
evlon has reported a Q1 2021 net sales drop of 1.8 percent, falling to $445 million from $453 million year on year. The beauty company also reported the renaming and expansion of its restructuring plan to the Revlon Global Growth Accelerator (RGGA).
Meghan Markle and Prince Harry’s non-profit Archewell Foundation announces multi-year global partnership with Procter & Gamble
Meghan Markle and Prince Harry’s Archewell Foundation has announced a multi-year global partnership with personal care giant Procter & Gamble, which will focus on building more compassionate communities.
L Brands to spin off Victoria’s Secret as standalone company
L Brands has announced it is to spin off Victoria’s Secret as a standalone company rather than sell the brand, according to a report by the NY Times.
Legal opinion slams Citi verdict in Revlon row
A group of legal experts has criticised the outcome of a case that has prevented Citigroup from recouping finds mistakenly paid to Revlon creditors, according to a report published by Bloomberg.
P&G launches Tokyo 2020 Olympics Campaign
Procter & Gamble has announced the release of its Tokyo 2020 Olympics Campaign, which shines a spotlight on the Olympic and Paralympic athletes who are not only achieving greatness in their sport but also taking action for good.
L’Oréal USA prevails in Olaplex appeal
The United States Court of Appeals for the Federal Circuit has vacated in part, dismissed in part and remanded a final judgement that awarded Olaplex US$66 million for trade secret misappropriation, breach of a non-disclosure agreement and patent infringement.
Coty partners with People for live beauty event
Coty and People magazine are partnering for a live beauty event, set to take place on May 19, featuring actress Lili Reinhart.
Procter & Gamble completes US$2 billion notes offering
Procter & Gamble has completed a US$2 billion offering of two tranches of notes, according to a press release issued by Fried Frank, who acted as counsel to lead underwriters, Citigroup Global Markets, Goldman Sachs and Morgan Stanley.
Living Proof names new CMO
Living Proof has announced a new addition to its senior leadership team; Alexis Tedesco has joined the Boston-based hair care brand as Chief Marketing Officer.
Honest Company values upcoming IPO at $1.4bn; signals come back for ailing business
Jessica Alba’s brainchild the Honest Company is set to list on the Nasdaq exchange at a valuation of $1.4bn, signalling a comeback for the business, according to a report by the FT.com.
Vita Coco water brand expands into haircare market
Coconut water brand Vita Coco has expanded into the haircare market with the launch of a range of shampoos, conditioners and treatments.
Walgreens: Co-Chief Operating Officer Alex Gourlay to leave post
Walgreen’s Co-Chief Operating Officer Alex Gourlay is set to leave his post, effective 17th May, according to a report by Bloomberg.com.
Bouncing back: The Estee Lauder Companies’ sales soar 16 percent yoy in Q3 2021
The Estee Lauder Companies has reported its results for the third quarter of fiscal 2021. The US prestige beauty behemoth saw sales climb 16 percent on a reported basis from the prior-year period to hit US$3.86 billion.
Chanel owners sell sizeable Ulta stake
The investment firm that manages the wealth for the Wertheimer family, who own a controlling interest in Chanel, has sold the majority of its stake in Ulta Beauty, according to a report published by Bloomberg Wealth.
Has the pandemic Amazon habit cemented? Sales soar 44 percent in 1Q 2021
Amazon has announced its results for the first quarter of the current financial year. The e-commerce behemoth saw sales soar 44 percent versus the same period in 2020 to US$108.5 billion, while operating income rose to US$8.9 billion compared to US$4 billion in Q1 2020.
P&G Ventures announces its next Virtual Innovation Challenge
P&G Ventures is accepting submissions from entrepreneurs, inventors and start ups for its next Virtual Innovation Challenge.
L’Oréal USA to open Los Angeles HQ
L’Oréal USA has announced that it will be opening a second company headquarters in California in early 2022.
Johnson & Johnson opens JLABS hub in Washington; focuses on diversity
Johnson & Johnson has opened the doors of its JLABS hub in Washington, D.C., which will serve as a hub for up to 50 start-ups
L’Oréal wins adenosine patent suit
A US Federal Court has found in favor of L’Oréal in a patent infringement suit where the French cosmetics brand stood accused of impinging on a patent held by the University of Massachusetts and Carmel Laboratories covering skin care ingredient adenosine, according to a report published by Life Sciences Intellectual Property Review.
Is Victoria’s Secret up for sale again?
L Brands is rumored to have restarted talks over a possible sale of popular underwear brand Victoria’s Secret, according to a report published by Bloomberg quoting sources ‘familiar with the matter’.
Coty comeback: CoverGirl welcomes 90s Ambassador Niki Taylor back to the fold
As part of its wider growth acceleration strategy, Coty is seeking to strengthen CoverGirl’s appeal to a broader US consumer base. CoverGirl will build on its heritage as a skin care adjacent make-up brand, part and parcel of which is a major new marketing campaign for its anti-aging foundation, Simply Ageless.
Luxury, sustainability and skin care the priority as Coty unveils growth acceleration strategy
Coty has unveiled its long-term strategy, underpinned by six priorities for sustainable growth. The initiatives build on the actions taken by the US beauty behemoth over the past year that have accelerated its shift to sustainable and profitable growth.
L’Oréal appoints new CDO as Lubomira Rochet defects to JAB
L’Oréal’s Chief Digital Officer, Lubomira Rochet, has tendered her resignation after seven years with the company. The French beauty giant has announced Asmita Dubey as her successor, effective immediately.
Lizzo bares all for Dove’s Self Esteem Project
Unilever-owned Dove has partnered with Lizzo, Shonda Rhimes, Megan Crabbe and Nyome Nicholar-Williams for the latest incantation of its #DoveSelfEsteemProject, which aims to make social media a more body positive space for the next generation, according to a report published by Us.
Beiersdorf to shutter Cleveland plant; 134 jobs at risk
Beiersdorf has notified the Tennessee Department of Labor and Workforce Development that it will be closing its Coppertone plant in Cleveland, Tennessee, resulting in permanent layoffs for all staff, according to a report published by Powder & Bulk Solids.
P&G announces price hikes as sales up 5 percent in Q3
Procter & Gamble has announced its results for the for the third quarter of fiscal 2021. Net sales rose 5 percent versus the prior year, the US FMCG giant said, with diluted net earnings up 13 percent at US$1.26 per share.
Coty achieves sustainability goal; earns C2C certification for Lancaster suncare range
Coty’s Lancaster new Sun Sensitive line has received a Silver C2C Certified Material Health Certificate from the Cradle to Cradle Product Institution.
Johnson & Johnson reports $100 million in Q1 sales; consumer unit down YOY
Johnson & Johnson has reported a Q1 sales increase of 7.9 percent year on year to €18.5bn (U.S. $22.3bn), however, its consumer health division was down 2.3 percent annually.
Walgreens Boots Alliance launches No7 brand as separate company
Walgreens Boots Alliance has announced the launch of Boots’ flagship premium own label, No7 as a separate company. No7 Beauty Company is being touted as a consumer-led beauty business creating ‘trusted, affordable beauty brands for every skin type, ethnicity, age and texture’.
LA jury delivers US$4.8 million verdict against talc supplier
A civil jury verdict in Los Angeles County has found in favor of a 78-year-old mesothelioma victim, ordering talc supplier Whittaker Clark & Daniels to pay US$4.8 million in compensation.
Procter & Gamble announced as Major League Soccer sponsor
Procter & Gamble is joining MLS as the league’s newest sponsor. The pair have announced a multi-year and multifaceted sponsorship deal.
Sally Beauty to roll out new hair colors
Sally Beauty is going big on color. The omni channel hair color retailer is set to add some 60 shades to its already extensive collection this season across its popular brands, including Ion, Iroiro and Color Lux.
Amyris bets on AI with acquisition of Beauty Labs
Amyris has announced that it has agreed to acquire Beauty Labs International. Terms of the deal have not been disclosed.
The Carlyle Group acquires majority stake in clean beauty brand Beautycounter
Global investment firm The Carlyle Group has acquired a majority stake in clean beauty brand Beautycounter from parent company Counter Brands.
Glossier names former L’Oréal exec Kleo Mack as new Vice President of Brand
Glossier has named former L’Oréal executive Kleo Mack as its new Vice President of Brand, effective 19th April.
The next P&G? Honest Co files for IPO as clean beauty booms
Jessica Alba’s CPG company, The Honest Company has filed a Form S-1 Registration Statement with the United States Securities and Exchange Commission.
New L’Oréal facility in New Jersey gets green light
L’Oréal has received planning permission to construct a research and development hub in Clark, New Jersey, according to a report published by local news site, Tap into Clark.
Henkel announces new Board Member as Schwarzler steps down
Henkel has announced that Wolfgang König, currently Category President Kellogg North America, will join its Henkel Management Board as Executive Vice President for the Beauty Care business, effective June 1, 2021.
Target pledges to spend more than US$2 billion with Black-owned businesses by 2025
Target has announced that it will spend more than US$2 billion with Black-owned businesses by the end of 2025. The US retailer has committed to add products across its multi-category assortment from more than 500 Black-owned companies.
Revlon lenders petition judge to release frozen funds
The Revlon lenders battling with Citigroup to retain some US$500 million paid over in error have argued that they should be free to use the money as they see fit, according to a report published by Reuters.
The Estee Lauder Companies announces retirement of EVP, Global Communications
The Estee Lauder Companies has announced the planned retirement of Alexandra Trower, Executive Vice President, Global Communications, on July 1, 2021. Her successor is yet to be announced.
Sally Beauty to stock all four Cultivate Cohort brands
Sally Beauty has announced that all four brands selected for its accelerator program, Cultivate, will be stocked on its website and CosmoProfBeauty.com.
Amyris names Reese Witherspoon Global Brand Ambassador for Biossance
Amyris has announced a five-year partnership with Reese Witherspoon as Global Brand Ambassador for its Biossance brand.
Forsythe Cosmetics President charged for violating Iran sanctions
The President of Forsythe Cosmetics Group, Michael Rose has been charged for his supposed involvement in a plan to skirt US economic sanctions on Iran, according to a report published by Reuters.
Kim Kardashian to follow in footsteps of Kylie Jenner with new skincare line SKKN by Kim
Kim Kardashian is set to follow in the footsteps of her younger sister Kylie Jenner, with the imminent launch of a new skincare line, named SKKN by Kim.
e.l.f. Cosmetics joins forces with Jen Atkin on new beauty range
e.l.f. Cosmetics has joined forces with haircare expert and Ouai Founder Jen Atkin on the new e.l.f. xx Jen Atkin Collection.
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