NYSE suspends trading in Revlon stock
The New York Stock Exchange has announced that it has decided to suspend trading in the Class A Common Stock of Revlon. Trading was suspended on the market’s close on October 20, 2022
New study links chemical hair straighteners to uterine cancer
A new study by the Journal of the National Cancer Institute has found that the use of hair straightening products and chemical hair straighteners may considerably increase the risk of developing uterine cancer among those who frequently use them.
Bath & Body Works launches new product line MOXY
Bath & Body Works has launched a new product line called MOXY, a line of new face and hair care products that are made without phthalates and mineral oils and are not tested on animals.
Johnson & Johnson posts higher sales and earnings; likely to cut workforce
Johnson & Johnson (J&J) has posted higher Q3 sales and earnings, however has conceded that it may make modest cuts to its workforce due to inflation pressures and the planned separation of its consumer health business.
Macy’s appoints Julie Walsh as Senior Vice President, General Business Manager of Center Core and Beauty
Macy’s has appointed Julie Walsh as Senior Vice President, General Business Manager of Center Core and Beauty.
Ulta boycotted by ‘TERFs’ over podcast featuring trans influencer Dylan Mulvaney
Trans-exclusionary radical feminists (TERFs) are said to be boycotting Ulta Beauty over it’s The Beauty Of… podcast featuring trans influencer Dylan Mulvaney, which spotlighted her journey of coming out.
P&G Q1 2023: Net sales inch up 1 percent as inflation bites
Procter & Gamble has reported its results for the first quarter of fiscal 2023. In the three months to September 30, 2022, net sales hit US$20.6 billion, up a flat 1 percent on the prior-year period. Net earnings per share were down US$1.57, down 2 percent on the previous year.
Credo Beauty acquires Follain
Credo Beuaty has announced that it has acquired Follain. As part of the acquisition, Credo will absorb the Boston-based beauty retailer’s online retail business and storefront in Beacon Hill. Terms of the deal were not disclosed.
P&G urges shareholders to reject mini tender offer
Procter & Gamble has issued a statement encouraging stockholders to reject an unsolicited mini tender offer by TRC Capital Investment to purchase 1 million shares of the US FMCG manufacturer’s common stock.
Macellum publishes open letter calling for refresh of Kohl’s Board
Macellum has published an open letter to its fellow Kohl’s shareholders calling for an ‘immediate and targeted refresh’ of the department store’s Board of Directors.
Forma Brands on verge of bankruptcy?
The owner of Morphe make-up, Lipstick Queen and Jaclyn Cosmetics, Forma Hill is said to be poised to file for Chapter 11 bankruptcy, according to a report published by WWD quoting ‘sources familiar with the matter’.
Is the Revlon lender saga over? Judge denies appeal after Citi win
A long-running dispute between a group of Revlon creditors and Citigroup could be drawing to a close after a judge denied a request filed by the lenders to review a recent court decision ruling that they must pay back the monies paid over in error, according to a report published by Bloomberg.
Kroger and Albertsons announce merger
US retail giants Kroger and Albertsons have announced that they have entered into an agreement to merge.
P&G shareholders elect new Board member
Procter & Gamble has announced that its shareholders have elected Rajesh Subramaniam, President and CEO of FedEx Corporation to its Board of Directors, effective immediately. The 10 incumbent Directors were also elected at the US FMCG giant’s AGM, each receiving more than 90 percent support.
Walgreens Boots Alliance Q4 beats industry forecasts; set to ‘rapidly scale U.S. Healthcare business in 2023′
Walgreens Boots Alliance Q4 results have beaten industry forecasts, with the company reporting a US$415 million loss in the quarter that ended August 31, with sales falling 5 percent to US$32.45 billion.
TikTok set to launch live shopping in the U.S.
TikTok is set to launch live shopping in the U.S. and is looking to outsource operations to a partner, according to Financial Times.
Author set to release book on the rise and rise of Glossier
U.S. Author Marisa Meltzer is set to delve into the rise of the Glossier brand in a new book named Glossy: Ambition, Beauty and the Inside Story of Emily Weiss’s Glosser.
US drug maker Viatris mulls sale of European consumer health assets
US drug maker Viatris is said to be considering a sale of its US$3 billion European consumer-health assets, according to a report by Bloomberg.
Appointment of cannabis expert at FDA heralded by U.S. CBD stakeholders
The appointment of a cannabis policy expert at the U.S. Food & Drug Administration (FDA) has been welcomed by CBD stakeholders, according to Hemp Today.
Coty unveils new corporate purpose, vision and values
Coty has unveiled its new corporate identity and company purpose. Centred around the value of ‘fearless kindness’, the US beauty giant’s framework, ‘together, we unleash every vision of beauty’, represents the next phase in its growth under the leadership of CEO Sue Y Nabi.
Maybelline NY launches free mental health training in colleges
Maybelline NY has partnered with The Jed Foundation to create Brave Talk, a free expert-developed training designed to give students the skills to support peers who may be struggling with mental health issues and help connect them to care.
P&G Beauty names Chief Communications Officer
Procter & Gamble has named Anitra Marsh as Chief Communications Officer for its P&G Beauty division, according to a report published by PR Week. Marsh takes over from Kelly Vanasse, who is due to retire in February next year.
Essence Makeup makes its debut in the gaming space
Essence Makeup has announced the launch of its first campaign in the gaming space with an activation on global streaming platform Twitch.
The Estee Lauder Companies participates in UN General Assembly
The Estee Lauder Companies has announced that it led, convened and participated in several events as part of the recent 77th session of the United Nations General Assembly.
US talc suits blocked while Johnson & Johnson Chapter 11 appeal in progress
A US judge has stayed two court cases brought by states against Johnson & Johnson over the safety of its talc products pending the outcome of an appellate court review of the US baby care manufacturer’s bid to resolve all claims via the Chapter 11 bankruptcy process, according to a report published by Reuters.
Target appoints Prat Vemana as Executive Vice President, Chief Digital and Product Officer
Target has announced the appointment of Prat Vemana as Executive Vice President, Chief Digital and Product officer, effective 31st October.
Augustinus Bader launches first conceptual pop-up in the U.S.
Augustinus Bader has launched its first conceptual pop-up in the U.S., with the beauty brand opening the store throughout October at The Grove in Los Angeles.
Procter & Gamble offers relief to residents affected by Hurricane Ian in Florida
Procter & Gamble has offered relief to residents affected by Hurricane Ian in Florida, offering families, individuals and first responders personal care items, cleaning products or laundry services.
L’Oréal Paris U.S. launches new limited-edition Color Riche lipstick as part of its Stand Up Against Street Harassment program
L’Oréal Paris U.S. has launched new limited-edition Color Riche lipstick Red My Lips in shade Le Rouge Liberté as part of its Stand Up Against Street Harassment program in an effort to ‘encourage safe bystander intervention with color expression.’
Target launches Clockwork – a manicure in minutes service, applied by a robot
Target has launched a new manicure service named Clockwork, with consumers able to get a 10-minute manicure applied by a robot.
Drunk Elephant to open pop-up in Paris
Shiseido-owned Drunk Elephant is poised to open a pop-up store in Paris in partnership with LVMH-owned Sephora, according to a report published by WWD.
The Estee Lauder Companies names GM for Balmain Beauty
The Estee Lauder Companies has named Nathalie Berger Duquene as Senior Vice President, Global General Manager, Balmain Beauty, effective immediately. Duquene will report to Guillaume Jesel, President, Global Brands, Tom Ford Beauty, Balmain Beauty and Luxury Business Development.
The Lip Bar closes US$6.7 million funding round
The Lip Bar has announced that it has raised an oversubscribed US$6.7 million funding round to further grow its brand portfolio, which includes both Thread Beauty and The Lip Bar.
Johnson & Johnson names new Consumer Health Company Kenvue
Johnson & Johnson has announced Kenvue as the name for its planned New Consumer Health Company. The new corporate brand is inspired by two powerful ideas: ‘ken’, from the Scottish word meaning knowledge and ‘vue’, referencing sight.
Macy’s launches digital marketplace
Macy’s has launched a digital marketplace on its macys.com website providing customers with a curated assortment of new brands, merchandise categories and products from third-party merchants and brand partners.
P&G’s Febreze targets interiors addicts with ‘scent styling’
P&G-owned Febreeze is promoting its Air collection with a fresh new concept known as ‘scent styling’ aimed at home décor enthusiasts. The idea marries the sense of smell with the visual element of interior design to create curated spaces.
Former Walgreens Boots Alliance executive to join LetterOne board?
Former Walgreens Boots Alliance executive Alex Gourlay is set to take seat on the board of Holland & Barrett owner LetterOne, according to a report by Sky News.
Revlon creditors seek rehearing following US$500 million Citigroup win
Some Revlon creditors who were mistakenly sent US$900 million by Citigroup have requested a rehearing from a federal appeals court, following its ruling that they had to return the money.
L’Oréal USA to open new Research & Innovation Center in New Jersey
L’Oréal USA today announced that it will be opening a new, state-of-the-art Research & Innovation (R&I) Center in Clark, New Jersey.
Tangle Teezer announces record sales of £43.5 million; expansion plans bolster results
Tangle Teezer has announced record results of £43.5 million in 2021, up 47 percent YOY, with the U.S. growing to be the company’s largest market with sales increasing 133 percent.
Coty focuses on skincare; unveils strategy to double skincare sales by FY25
Coty has unveiled a focus on skincare, with a strategy to double skincare sales by FY25.
Judge dismisses L’Oréal appeal against wrinkle-smoothing collagen class action suit
A Manhattan Judge has refused L’Oréal’s objection to a class action law suit regarding two topical collagen products, according to a report by Reuters.
Sephora grows North Las Vegas distribution centre; to offer a further 147 jobs
Sephora is set to expand its North Las Vegas distribution centre, with the expansion adding a further 147 jobs at the site within five years.
P&G and Engie partner on renewable energy project
Procter & Gamble and Engie North America have announced a 200 MW Power Purchase Agreement from Engie’s Sun Valley Solar project in Texas.
The Estee Lauder Companies scores Balmain beauty license
The Estee Lauder Companies has announced that it has entered into a license agreement with Balmain to collaboratively develop, produce and distribute an innovative line of luxury beauty products under the banner Balmain Beauty.
L’Oréal acquires Skinbetter Science
L’Oréal has announced that it has signed an agreement to acquire Skinbetter Science, a US derma skin care brand.
NGOs implore P&G investors to vote against Moeller’s reelection as Board Chair
Several environmental not-for-profit organizations, including the Natural Resources Defense Council, have teamed up in a bid to persuade P&G shareholders to vote against CEO Jon Moeller’s re-election as Board Chair, according to a report published by Reuters.
Walmart to connect with online shoppers via social channels
Walmart Connect has announced a series of Innovation Partners, namely TikTok, Snap Inc, Firework, TalkShopLive and Roku, in a bid to help advertisers to reach shoppers on leading platforms where they are increasingly spending their time as the media funnel collapses.
Coty expands partnership with Cruelty Free International
Coty has extended its strategic partnership with Cruelty Free International. The US beauty giant’s Rimmel, Manhattan and Risque brands have now joined stablemate CoverGirl as Leaping Bunny Approved.
Walmart to employ 40,000 additional seasonal staff across the business 
Walmart is set to employ an additional 40,000 staff in seasonal and full time roles across the business.
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