Walmart has raised its outlook for the second consecutive quarter after reporting a US net sales rise of 5.3 percent for the second quarter of the financial year and comp sales at 5.2 percent.
L Catterton is set to acquire a majority stake in hair extension platform Beauty Industry Group. Terms of the transaction were not disclosed.
WOW Tech Group and Lovehoney have announced that they have joined forces as two of the global market leaders in sexual wellness, to form the Lovehoney Group.
Procter & Gamble increased its spend on advertising by 12 percent in the 12 months to June 2021, to total US$8.2 billion, according to a report published by PR Week.
Oregon’s Attorney General and Treasurer have announced a settlement with L Brands over allegations that the company’s board failed to investigate former CEO Leslie Wexner’s ties with pedophile Jeffrey Epstein and ignored ‘a widespread and pervasive culture of sexual harassment’.
Non-profit Haereticus Environmental Laboratory is calling on the US Food and Drug Administration to pull sunscreens containing octocrylene from the shelves over safety concerns, according to a report published by Bloomberg.
Procter & Gamble could be poised to construct a new manufacturing facility in North Carolina’s Guilford County, according to a report published by the Rhino Times.
Sephora has announced the return of its SEPHORiA event as a new virtual experience. Sephoria: Virtual House of Beauty will be hosted in a 3D game-like environment featuring an interactive beauty house with multiple rooms to explore.
MAV beauty has announced that its Board of Directors has made a series of executive leadership appointments.
The owner of department store Saks Fifth Avenue, Hudson’s Bay Co has partnered with WeWork to convert part of its retail portfolio into office space, according to a report published by The Wall Street Journal.
Dove Self-Esteem Project launches tool to educate on cultural and societal experiences of Black communities
Unilever-owned Dove has announced the launch of a new, free, tool named My Hair, MY CROWN, as part of its Dove Self-Esteem Project, which aims to educate on cultural and societal experiences of Black communities.
e-commerce platform Shopify has opened a networking hub in Manhattan to support existing and budding entrepreneurs, named Shopify New York.
Supermodel Grace Elizabeth Harry Gabe (Grace Elizabeth) has sued Revlon over the use of her image without her permission.
Procter & Gamble has announced that Nelson Pelts, CEO and Founding Partner of Trian Fund Management, has notified the company of his decision not to stand for re-election as a director at the 2021 Annual Meeting of Shareholders and retire from the Board of Directors at the end of his term.
Revlon has reported its results for the second quarter fiscal 2021. The US beauty manufacturer said its latest set of figures pointed to ‘significant top-line improvements’, as sales rose in the double-digits across all regions and segments.
Sephora has launched a new campaign, created by R/GA, that celebrates the role Black beauty has played in shaping beauty trends, according to a report published by Glossy.
Mattel-owned Barbie is celebrating the role models of the pandemic with a line of one-of-a-kind dolls in honor of individuals who have led the fight against COVID-19.
Levi Strauss & Co has announced the planned acquisition of Beyond Yoga. The transaction will be financed with cash and is due to close in the fourth quarter of 2021, subject to regulatory approval. Financial and operational terms of the deal will be disclosed on closing.
Victoria’s Secret has completed its separation into an independent, publicly trade company from Bath & Body Works, with the company having traded on the New York Stock Exchange under the ticker VSCO.
LVMH chief Bernard Arnault usurps Jeff Bezos as world’s richest man as Amazon Q2 sales fall short of analyst expectations
VMH CEO Bernard Arnault has beaten Amazon’s Jeff Bezos to take the title as the world’s richest person, with Bezos’ net worth dropping US$13.9 billion last week following Amazon’s Q2 earnings falling short of analyst expectations.
Rihanna selects all-black women biker gang Caramel Curve to market size-inclusive Savage X Fenty lingerie brand
Rihanna has appointed the all-black Caramel Curve female biker gang as the face of her size-inclusive Savage X Fenty lingerie brand,
U.S. nutritional retailer The Vitamin Shoppe has announced its expansion into South Korea with the launch of a directly-owned and operated e-commerce busines
Square acquires Afterpay in US$29 billion deal as ‘buy now, pay later’ finance options soar in popularity
Payment company Square has acquired ‘buy now, pay later’ provider Afterpay in a US$29 billion deal, making it the largest takeover bid in Australian history, according to FT.com.
Sally Beauty Holdings has reported consolidated net sales of US$1.02 billion, a YOY increase of 45 percent, mainly driven by growing consumer confidence in the U.S. post pandemic, as well as easing COVID-19 restrictions globally.
Kim Kardashian has been dealt a blow for her latest beauty venture, having received a cease and desist letter from Beauty Concepts for the SKKN trademark.
Procter & Gamble has announced its fourth quarter and fiscal year 2021 results. The US FMCG giant saw net sales rise 7 percent in the final three months of the financial year for an overall net sales rise of 7 percent for the year, hitting a total of US$76.1 billion. Organic sales rose 4 percent in the final quarter, and 6 percent over the year.
Clean beauty brand Beautycounter has launched the first product from its much-vaunted talc-free make-up line, according to a report published by Elle.
L Brands has revealed that it has settled a lawsuit centred on workplace misconduct and agreed to sweeping workplace reforms, according to a report published by Bloomberg.
Procter & Gamble has elected Jon R Moeller, Vice Chairman and COO, as its new President and CEO, effective November 1, 2021.
L’Oréal-owned Garnier has launched its Whole Blends Shampoo Bars onto the US market. Formulated with less water than their liquid equivalent and zero plastic packaging, the launch forms part of the brand’s wider sustainability strategy.
UK hair color specialist Bleach London has crossed the pond, opening its first salon in the US, according to a report published by Forbes.
MOB Beauty has announced the launch of a mail back program for Pact, a non-profit collective launched by the sustainable cosmetics brand and retailers Credo and Hudson’s Bay, and charged with reducing beauty packaging waste.
Twitter has launched a pilot in the US to test an e-commerce functionality, according to a report published by Tech Crunch.
Dow Chemicals has reported better-than-expected Q2 sales as reopening economies bolster consumer spending post pandemic lockdowns, according to a report by Reuters.
Mexican Actress Eiza González has been named as Bulgari’s first Latin American ambassador for the North American market.
Revlon partners with Megan Thee Stallion on ‘Hot Girl Sunset’ make-up collection; launches on StockX
Revlon has partnered with U.S. rapper Megan Thee Stallion on a new make-up collection, named Hot Girl Sunset.
oty has announced the appointment of Constantin Sklavenitis as its new Chief Prestige Brands Officer, effective 6thSeptember.
rug delivery and consumer dispensing company AptarGroup has signed a share purchase agreement for the majority stake in French digital therapeutics (DTx) developer Voluntis.
U.S. department store Macy’s has announced the appointment of Maly Bernstein as its new Chief Executive Officer, effective 13th September, 2021.
Johnson & Johnson has announced Q2 reported sales of US$23.3 billion, a YOY rise of 27.1 percent, driven by strong sales and earnings across the medical device and pharma sectors, with consumer health also reporting growth.
TricorBraun has acquired New Jersey-based SGB Packaging Group, expanding its foothold in the cosmetics, skin care, fragrance and personal care industries.
The Estee Lauder Companies has announced the promotion of Daniel Mahler to Executive Vice President, Global Transformation and Category Leadership, effective immediately.
Kim Kardashian West has filed a trademark for the name SKKN, according to a report by TMZ.com.
LVMH has become a majority investor in Virgil Abloh’s Off White label, having jointly agreed to pursue new projects across luxury categories.
Ulta and Target have announced the brands and first locations for the Ulta Beauty at Target shop-in-shop concepts, due to roll out in August.
U.S.-based cannabis brand Pure Beauty has raised US$5 million in convertible note funding from a group of investors.
Personal care giant Johnson & Johnson is reportedly exploring plans to offload the liabilities from its ongoing baby powder litigation into a new business, which would then declare bankruptcy, according to a report by Reuters.
Skincare company Youth To The People has expanded its leadership team, appointing Tiffany Plater as the company’s first Senior Vice President of Marketing and Armine Charkhchyan as the first Senior Vice President of Operations and Product Development, effective immediately.
Procter & Gamble has announced the launch of a new, wellness-aligned brand of gentle body washes, scrubs and lotions, named Quiet & Roar.
Johnson & Johnson has issued a voluntary recall for all lots of five Neutrogena and Aveeno aerosol sunscreen product lines to the consumer level after internal tests found low levels of benzene in some of the products.