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 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.
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.
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 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.
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.
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.
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 and People magazine are partnering for a live beauty event, set to take place on May 19, featuring actress Lili Reinhart.
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 has announced a new addition to its senior leadership team; Alexis Tedesco has joined the Boston-based hair care brand as Chief Marketing Officer.
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.
Coconut water brand Vita Coco has expanded into the haircare market with the launch of a range of shampoos, conditioners and treatments.
Walgreen’s Co-Chief Operating Officer Alex Gourlay is set to leave his post, effective 17th May, according to a report by Bloomberg.com.
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.
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.
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 is accepting submissions from entrepreneurs, inventors and start ups for its next Virtual Innovation Challenge.
L’Oréal USA has announced that it will be opening a second company headquarters in California in early 2022.
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
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.
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’.
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.
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’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.
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 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.
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’s Lancaster new Sun Sensitive line has received a Silver C2C Certified Material Health Certificate from the Cradle to Cradle Product Institution.
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 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’.
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 is joining MLS as the league’s newest sponsor. The pair have announced a multi-year and multifaceted sponsorship deal.
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 has announced that it has agreed to acquire Beauty Labs International. Terms of the deal have not been disclosed.
Global investment firm The Carlyle Group has acquired a majority stake in clean beauty brand Beautycounter from parent company Counter Brands.
Glossier has named former L’Oréal executive Kleo Mack as its new Vice President of Brand, effective 19th April.
Jessica Alba’s CPG company, The Honest Company has filed a Form S-1 Registration Statement with the United States Securities and Exchange Commission.
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 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 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.
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 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 has announced that all four brands selected for its accelerator program, Cultivate, will be stocked on its website and CosmoProfBeauty.com.
Amyris has announced a five-year partnership with Reese Witherspoon as Global Brand Ambassador for its Biossance brand.
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 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 has joined forces with haircare expert and Ouai Founder Jen Atkin on the new e.l.f. xx Jen Atkin Collection.