Henkel North America expands scholarship program for Black, Hispanic and Indigenous students
Henkel North America has announced that it is expanding its Scholarship and Internship program for Black, Hispanic and Indigenous students. The more than US$1 million initiative is designed to support dozens of students with financial backing and work experience opportunities.
Pat McGrath teases Bridgerton collab
Pat McGrath Labs has teased a new collection created in collaboration with Netflix and Shondaland and inspired by the romance and passion of the Smash Hit television series Bridgerton.
Lauder, L’Oréal among global businesses to take action on disability inclusion
The CEOs of The Estee Lauder Companies and L’Oréal are among 10 companies set to take steps on disability inclusion by releasing new commitments to action.
Pantone announces Color of the Year for 2022
THE WHAT? Pantone has announced its Color of the Year for 2022. Created for the occasion – a first in Pantone’s Color of the Year tradition – Pantone 17-3938 Very Peri is said to encourage personal inventiveness and creativity and has been selected in a bid to help us...
The Estee Lauder Companies releases Green Score to measure sustainability
The Estee Lauder Companies has released its Green Score methodology to assess and measure the sustainability of ingredients and formulas based on green chemistry principles.
The Estée Lauder Companies included in 2021 North America Dow Jones Sustainability Index
The Estée Lauder Companies (ELC) has been included in the Dow Jones Sustainability Index (DJSI) for North America in 2021.
L’Oréal acquires skincare brand Youth to the People
L’Oréal has announced the acquisition of LA-based skincare company Youth to the People.
Always teams up with YMCA to create sports grants for girls
Procter & Gamble-owned Always has teamed up with the YMCA to create the Always Sports Grant, a new fund providing 1,500 girls access to sports programs in ten states across the US.
Activist investor urges sale of Kohl’s department store chain
Activist Investor Engine Capital is pushing for the sale of Kohl’s Corp department store chain, or the separation of its e-commerce business, according to a report by the Wall Street Journal.
Will a shortage of recycled plastic scupper the beauty industry’s sustainability goals?
Procter & Gamble has warned that the supply chain crunch could make hitting ambitious 2030 sustainability targets tough, according to a report published by Reuters.
Church & Dwight to acquire TheraBreath for US$580 million
Church & Dwight has signed a definitive agreement to acquire TheraBreath for US$580 million. The deal is expected to close before the end of the year.
Procter & Gamble to enter prestige hair space with acquisition of Ouai
Procter & Gamble has announced the acquisition of Ouai hair care, according to a report published by Beauty Inc. Terms of the deal were not disclosed but analysts have pegged Ouai’s sales as US$50 million for 2021.
Ulta Beauty reports record third quarter; net sales hit US$2 billion
Ulta Beauty has announced a record set of results for the third quarter of fiscal 2021. The US beauty retailer delivered sales of US$2 billion compared to US$1.6 billion in the year-ago quarter, an increase of 28.6 percent.
Procter & Gamble and AS Watson co-develop J-beauty brand
Procter & Gamble and AS Watson Group have announced the launch of a co-created Japan skin care brand. Aio, as the new line has been dubbed, will be available in Watsons stores and online throughout the Greater China markets.
Olaplex expands into Ulta stores
Olaplex has announced the expansion of its distribution with Ulta Beauty. Building on the hair care brand’s success in Ulta Beauty salons, Olaplex’s retail products will be stocked in store and on Ulta’s website from January, 2022.
Yooma reports Q3 ‘significant growth’; forecasts Q4 revenue to exceed US$5 million
Yooma Wellness has reported revenue of US$2.1 million for the three months ending September 30, with a gross profit of US$560,107
Walmart EVP and CFO Brett Biggs resigns; successor to be announced next year
Walmart EVP and CFO Brett Biggs is to step down from his positions, and will begin transitioning from the company in the upcoming year.
New start-up Mintly launches eco-friendly oral wellness products
Newly launched start-up business Mintly has launched a range of eco-friendly oral wellness products.
Edgewell Personal Care acquires feminine and body care brand Billie
l Care Company has announced the acquisition of Billie, a leading U.S. based consumer brand company, in an all-cash transaction of US$310 million.
Fable invests US$2 million in Stratia Skincare
Natura &Co’s investment arm, Fable has invested US$2 million in up and coming skin care brand Stratia, according to a report published by Beauty Inc.
Galderma to acquire Alastin Skincare
Galderma has announced that it has signed a definitive agreement to acquire Alastin Skincare. Financial terms of the deal were not disclosed.
Hims & Hers partner with Uber
Hims & Hers has announced an on-demand delivery partnership with Uber Technologies, enabling consumers to order a wide array of the company’s personal care products via the Uber Eats app.
Black Friday 2021: Store traffic up on 2020 but shoppers spread spend
As America’s biggest shopping event of the year wraps up for another year, it appears that shoppers have been tempted back into bricks and mortar locations; store traffic was up 48 percent on 2020 levels, according to a report published by Bloomberg quoting Sensormatic Solutions.
Coty prices US$500 million of senior secured notes
Coty has announced the pricing of US$500 million of 4.750 percent senior secured notes, due 2029 issued by the US beauty behemoth and its wholly owned subsidiaries, HFC Prestige Products and HFC Prestige International.
Head & Shoulders signs on to another season at FC Barcelona
P&G-owned Head & Shoulders and FC Barcelona have renewed their partnership agreement for another season. The hair care brand will remain a Partner of the Club with exclusivity as the Official Shampoo of FC Barcelona in Indonesia until June 30, 2022.
Mary Kay further commits to ending gender-based violence
Mary Kay and the Mary Kay Ash Foundation have announced a renewed, joint commitment to the prevention and elimination of gender-based violence. The duo have joined the Generation Equality Action on Gender-Based Violence.
Procter & Gamble issues voluntary recall of Old Spice and Secret products following carcinogen found
Global cosmetics news, global cosmetics, cosmetics business news, cosmetics business, beauty B2B news, personal care B2B news, personal care news, cosmetics trade news, beauty trade news, personal care trade news,
Coty advances in prestige skin care with Orveda investment
Coty has announced a licensing agreement with luxury brand Orveda, expanding its reach in the premium skincare market.
Estée Lauder Companies’ La Mer appoints SK-II exec as Senior Vice President
Estée Lauder Companies has appointed a SK-II exec YoeGin Chang as Senior Vice President of its La Mer brand, according to a report by Marketing Interactive.
Estée Lauder Companies appoints Mark Loomis as President North America
The Estée Lauder Companies (ELC) has announced the appointment of Mark Loomis as President North America, effective 1st February, 2022.
Macy’s mulls e-commerce operations separation; CEO Jeff Gennette undecided
the hiring of consultant firm AlixPartners to look into the spin off of its e-commerce operations, however, CEO Jeff Gennette has stated that the company has not reached any predetermined conclusions.
CVS set to shutter 900 stores over three-year period
U.S. retailer CVS Health Corp is set to shutter 900 stores over a three-year period, totalling nearly 10 percent of its U.S. locations, according to The Wall Street Journal.
Former Shiseido SVP joins Coty as Chief Scientific Officer
Coty has announced the appointment of Dr Shimei Fan as Chief Scientific Officer. Fan joins the US beauty behemoth from Shisiedo where she was Senior Vice President of the Americas Innovation Center.
E.l.f. Beauty hits packaging reduction milestone
E.l.f Beauty has announced that it has eliminated more than one million pounds of packaging materials via its Project Unicorn initiative.
CoverGirl breaks into skin care with launch of Clean Fresh line
Coty-owned CoverGirl has announced the launch of its first skin care collection. Clean Fresh Skincare, as the new line has been dubbed, is described as a 100 percent vegan and clean range proven to visibly improve the look of skin.
Lush partners with DoorDash for same-day delivery
Lush has announced a partnership with DoorDash to offer same day delivery from more than 250 stores across the US and Canada.
The Estee Lauder Companies joins Pulpex consortium in bid to scale recyclable paper bottle
The Estee Lauder Companies has announced that it has become the first prestige beauty company to join the Pulpex partner consortium. As a member, Lauder joins a group of leading CPG companies committed to developing paper bottle packaging.
EWG applauds Biden’s choice for FDA Commissioner
The Environmental Working Group has issued a statement applauding President Biden’s nomination of Dr Robert Califf to be the next Commissioner of the Food and Drug Administration.
We’re back, baby: Coty reclaims position as ‘beauty powerhouse’ with ‘All-in to Win’ strategy
Coty has announced its financial goals through 2025 and beyond and reported on its progress to date in transforming the company into a profitable cosmetics company fit for this new era of beauty.
Estée Lauder Companies Group President, North America Chris Good to retire
The Estée Lauder Companies has announced the retirement of Chris Good, Group President, North America, effective 30 June, 2022.
Target reports stellar Q3 with 12.7 percent sales rise; gross margin rate hit by supply chain crisis
Target has reported a 12.7 percent sales rise in Q3, with profits up 47 percent.
Waldencast acquires beauty brands Obagi and Milk Makeup in three-way US$1.2 billion deal
Beauty and wellness operating platform Waldencast has acquired skin care brand Obagi and make-up and skin care company Milk Makeup in a three-way deal valued at US$1.2 billion.
Johnson & Johnson CEO Alex Gorsky joins Apple’s board of directors
Alex Gorsky, CEO of Johnson & Johnson, has joined the Apple board of directors, which comes ahead of his plan to leave J&J in January 2022.
Johnson & Johnson to separate consumer business
Johnson & Johnson has announced a plan to spin off its consumer health business, creating a new publicly traded company.
Melvin Capital ups stake in Coty as KKR retreats
Melvin Capital Management has upped its stake in Coty two-fold, bringing its total share to 5 percent, according to a report published by Bloomberg. The move follows on from KKR’s sale of roughly 20 million shares in Coty, although is said to be unrelated.
Procter & Gamble to acquire Farmacy
Procter & Gamble has struck a deal to purchase Indie skin care brand Farmacy Beauty, according to a report published by WWD.
Court sanctions halt to Johnson & Johnson talc claims
Johnson & Johnson has been granted leave to halt some 38,000 talc claims it is fighting currently, a first step in its plan to wind down the company it set up to deal with the numerous talc claims, according to a report published by Bloomberg.
Coty divests 4.7 percent stake in Wella to KKR
Coty has coined a deal to sell its 4.7 percent stake in Wella in a deal with private investment firm KKR, valued at approximately US$215.7 million.
Procter & Gamble unveils disability-friendly packaging; open sources to cosmetics industry
Procter & Gamble has unveiled its new disability-friendly packaging for one of its beauty lines, and is set to open source it with the rest of the industry.
New Jersey implements ban on cosmetics tested on animals
A new law has been signed in by Governor Phil Murphy that will see New Jersey introduce a ban on cosmetic products that have been tested on animals.
LATEST NEWS
