Dior Opens Holiday Pop-Up Boutique in Miami
Dior is opening a new pop-up boutique in Miami called the “Dior Garden of Dreams,” inspired by the Jardin des Tuileries.
Freddy Bharucha Appointed President of P&G’s North America Personal Care and Beauty Operations
Freddy Bharucha has been appointed as the inaugural president of Procter & Gamble’s (P&G) North America personal care and beauty operations.
FTC Accuses Amazon of Price Manipulation
Amazon has been accused by the U.S. Federal Trade Commission (FTC) of employing illegal strategies to increase profits within its online retail business.
LO3 Capital supports Inspired Beauty Brands with growth capital
LO3 Capital has announced that it has provided a senior subordinated debt investment to support Inspired Beauty Brands with growth capital.
China is not a priority for us: Elf Beauty announces international expansion plan
Elf Beauty is planning on international expansion but it won’t be relaunching on the Chinese market any time soon. Instead, the mass beauty brand will focus its efforts on the US and Western European markets.
The Estee Lauder Companies Q1 2024: Outlook lowered as sales plummet 10 percent
The Estee Lauder Companies has reported its results for the first quarter of fiscal 2024. The US prestige beauty giant reported net sales of US$3.52 billion in the three months ended September 30, 2023, down 10 percent from the prior-year period.
SOS teams up with Ulta Beauty to boost in-store product discovery
SOS has announced an exclusive partnership with Ulta Beauty aimed at boosting in-store product discovery.
Lush debuts on Ulta’s website
Lush has announced a first-of-its-kind wholesale partnership with Ulta. The ethical cosmetics brand will sell a select range of its products via the US beauty retailer’s website.
Kenvue Q3 Financials: Mixed Outcomes
Kenvue Inc. released its fiscal third-quarter financial results, showing a 3.3% increase in net sales and a 3.6% increase in organic growth, with noticeable declines in volume partially offset by higher pricing.
Carlyle Explores Sale of Grooming Brand
Carlyle Group is said to be in the preliminary stages of planning to sell Every Man Jack, a men’s personal care brand, which could be valued around $400 million.
L’Occitane and Elemis Secure NYC Leases
L’Occitane and its subsidiary Elemis have signed office leases at 111 West 33rd Street, as confirmed by the building’s owner, Empire State Realty Trust (ESRT).
Unilever Sells Dollar Shave Club
Unilever is selling its subsidiary, Dollar Shave Club, to Nexus Capital Management LP, a U.S.-based private equity firm.
Dove and Nike collaborate on online coaching program
Dove and Nike are banding together to launch the Body Confident Sport online coaching program. Billed as a first-of-its-kind, scientifically proven set of tools to build body confidence in 11- to 17-year-old girls, the initiative was co-developed by the two brands in partnership with world-renowned experts.
KD Capital bets on influencer power; invests US$12 million in FounderSix
Venture capital firm, KD Capital, has invested US$12 million in FounderSix. The funds will be used by the beauty brand incubator to introduce new influencer-led beauty brands to the market.
Walgreens to settle Rite Aid suit for US$192.5 million
Walgreens Boots Alliance has assented to a US$192.5 million settlement in a class action lawsuit bought by Rite Aid investors over the pharmacy conglomerate’s planned acquisition of the drug store chain.
Two Target executives to retire
Target’s COO and Chief External Engagement Officer have announced their planned retirements. COO John Mulligan will see out the year from February 2024 in a strategic advisor role while Laysha Ward will step into an advisory position up until April next year.
Gillette signs up for another season as Toronto Raptors sponsor
Gillette has announced the return of its Choose Your Game Face campaign as part of its continued role as the official shave and beard care partner to the Toronto Raptors.
Amazon to face lawsuit over data tracking in the Netherlands
A Netherlands’ consumer group has filed a lawsuit against Amazon charging the e-commerce behemoth with violating EU privacy laws.
Louis Vuitton named Title Partner for America’s Cup
Louis Vuitton has announced its return as the Title Partner for the Louis Vuitton 37th America’s Cup Barcelona.
Macy’s Launches Digital Fashion Platform
Macy’s has introduced a new digital engagement platform, mstylelab, combining digital and physical elements of fashion retail.
Coast Southwest Acquires Lubrizol Assets
Coast Southwest has successfully acquired a majority of the assets belonging to the surfactant manufacturing facility of The Lubrizol Corporation, located in Paso Robles, CA.
L’Oréal Partners with THG Ingenuity
THG’s Ingenuity commerce division has entered into a deal with L’Oréal to manage direct-to-consumer activities for two luxury division brands in North America.
J&J Contemplates Third Bankruptcy Attempt
Johnson & Johnson is considering a third bankruptcy filing as a strategy to settle approximately $8.9 billion in lawsuits related to their baby powder product.
P&G Q1 2024: Sales up 7 percent; EPS rises 17 percent
Procter & Gamble has announced its results for the first quarter of fiscal 2024. The US FMCG manufacturer reported net sales of US$21.9 billion, up 6 percent versus the prior-year period (+7 percent in organic terms). Diluted net earnings per share rose 17 percent, hitting US$1.83.
Kao USA unveils eczema care brand, Re/cover
Kao USA is hoping to revolutionise the way eczema is treated with a new skin care brand aimed at providing relief for sufferers of this common skin condition while also addressing the pain points associated with existing treatments on the market.
Farfetch backpeddles on Violet Grey’s future; puts LA beauty chain up for sale
Having announced that it was bowing out of beauty in August, with the exception of its Violet Grey business, Farfetch has backtracked and put the LA-based beauty retailer up for sale.
Goop debuts affordable beauty line
Goop has announced the launch of a new, affordable line of beauty and wellness products that will be sold via Target and Amazon.
Pat McGrath Labs and Shop with Google to host AR pop-up experience
Pat McGrath Labs and Shop with Google have announced that they’re hosting an augmented reality pop-up experience combining the make-up brand’s offer with the internet behemoth’s AR technology.
Rite Aid Files for Bankruptcy
Rite Aid, a U.S. drugstore chain facing financial challenges, has filed for bankruptcy protection and plans to close underperforming stores.
Christiane Pendarvis Joins Pattern Beauty
Christiane Pendarvis has been appointed co-CEO of Pattern Beauty alongside founder Tracee Ellis Ross.
Emi Jay Introduces Angelstick Styling Balm
Emi Jay, the US based hair accessory brand is entering the hair care market with its first styling product, Angelstick.
Walgreens Plans $1 Billion Cost-Cut
Walgreens Boots Alliance (WBA.O) plans to cut at least $1 billion in costs in 2024 as part of its ongoing efforts, which include closing unprofitable stores, following a financial year 2024 profit projection below Wall Street’s expectations.
Amanda Baldwin Named OLAPLEX CEO
Olaplex Holdings, Inc has announced that Amanda Baldwin will become the company’s CEO in early 2024, succeeding JuE Wong, with John P. “JP” Bilbrey serving as interim CEO during the transition.
California Bans 26 Chemicals in Cosmetics
California Governor Gavin Newsom has signed a law banning 26 chemicals commonly found in cosmetics like hair products, body wash, and nail polish, citing health concerns.
Procter & Gamble names Brett Biggs to its Board of Directors
Procter & Gamble has announced that Brett Biggs, former EVP and CFO of Walmart, has been elected to its Board of Directors following its 2023 Annual Meeting of Shareholders. The 13 incumbent Directors also received strong shareholder support and were re-elected.
Barretts Minerals files for bankruptcy amid talc claims
Barretts Minerals has filed for chapter 11 bankruptcy in an attempt to resolve and consolidate its talc liabilities.
Colgate Palmolive requests dismissal of ERISA violation case
Colgate Palmolive has filed a motion for summary judgement in a case that charges the toothpaste manufacturer of breaching its fiduciary duty under ERISA when a former employee’s retirement fund was stolen.
Elizabeth Arden names M&C Saatchi’s Talk as Global PR lead
Elizabeth Arden has named Talk as its lead Global PR Agency. The M&C Saatchi-owned agency will develop brand strategy and creative campaigns for the prestige beauty brand worldwide.
Dior brings Carousel of Dreams to Saks
Saks has unveiled its first immersive holiday experience in collaboration with a luxury fashion label. The department store has teamed up with Dior to install the LVMH-owned brand’s Carousel of Dreams at its flagship in New York.
Interest wanes in the ‘most interesting store in the world’; Showfields files for bankruptcy
Showfields has filed for bankruptcy. The US retailer, once dubbed the ‘most interesting store in the world, has lined up new financing to support a restructuring via a subsector of the Chapter 11 process.
Revlon Sued Over Alleged Misleading “Ammonia Free” Claim
Revlon is sued over alleged ammonia content in a product marketed as “ammonia free.”
SEPHORA and Rare Beauty Collaborate for Mental Health Awareness
SEPHORA and Rare Beauty are launching the “Make a Rare Impact” campaign in line with World Mental Health Day on October 10.
Walmart Launches Virtual Beauty Try-On Feature
Walmart has integrated a virtual try-on feature into its iOS app, offering users an augmented beauty shopping experience.
US appeals court throws out US$223.8 million verdict in JnJ talc case
An appeals court in the state of New Jersey has found in favor of Johnson & Johnson, dismissing a US$223.8 million verdict awarded by a jury at the district level and ordering a new trial.
JLo Beauty launches at Macy’s
Jennifer Lopez’s beauty brand, JLo Beauty, has hit shelves at Macy’s. The skin and body care range will be available to buy at select stores as well as on the department store’s website and app.
Olaplex tackles dupes with viral social media campaign
Olaplex has been raising awareness of ‘dupe culture’ via a playful social media campaign. The hair care brand used social listening tools to identify how often it was being duped and launched Oladupe to demonstrate to shoppers that the only company that could recreate its patented formula is Olaplex itself.
MAV Beauty Brands adds Beattie to its Board
MAV Beauty Brands has announced that Scott Beattie has joined its Board of Directors as an Independent Director, effective immediately. Following his appointment, Jeffrey Barber and Kathy Mayor have resigned from the Board.
Is Dr Barbara Sturm’s eponymous brand up for sale?
Just months after an investment from Oprah Winfrey, Dr Barbara Sturm’s eponymous skin care brand is said to be up for sale.
Executive Pay Cut at Estée Lauder in 2023
Estée Lauder has unveiled the executive pay for 2023, revealing a significant cut.
Walmart Alters Corporate Staff Compensation
Walmart is changing titles and pay for many of its corporate employees.
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