Bath & Body Works names new Board member in bid to appease Third Point
Bath & Body Works has announced the appointment of Lucy Brady, President, Grocery & Snacks at Conagra Brands as a new independent member of its Board of Directors. With her appointment, the Board will be composed of 11 Directors, 10 independent and seven whom are members of diverse communities, female, people of color and/or LGBTQIA+.
Unilever to invest US$400 million in Mexico
Unilever is planning to build a new plant in Mexico’s Nuevo Leon region, according to a report published by Reuters. The manufacturer of Dove is planning to invest some US$400 million in the Latin American country over the next three years.
Bed, Bath & Beyond staves off bankruptcy with equity deal
Bed, Bath & Beyond has managed to swerve Chapter 11 proceedings with a last-minute equity deal, according to a report published by Bloomberg. The ailing US retailer is said to have reminded investors of the human cost of its collapse in order to convince them to cough up more cash.
L’Oréal teams up with Tripadvisor to boost travel retail
L’Oréal has partnered with Tripadvisor in a bid to drive awareness of the French beauty giant’s travel retail offer, according to a report published by TR Business.
L’Oréal USA appoints Stephanie Kramer as Chief Human Resources Officer
L’Oréal USA has appointed Stephanie Kramer as Chief Human Resources Officer, who joins the management committee of L’Oréal USA in addition to the global Human Resources management committee of the L’Oréal Group.
Scent appeal: Coty Q2 net revenue falls but results beat Wall Street forecasts as fragrance come out on top
Coty has reported a 3 percent Q2 net revenue fall to US$1,52 billion, however, innovations in its prestige fragrance offering were said to have helped the company beat Wall Street forecasts.
Procter & Gamble looks to the musical theatre for Old Spice Super Bowl TV ad
Procter & Gamble is looking to bolster male confidence with this year’s Old Spice Super Bowl TV spot.
Ryan Cohen builds stake in Nordstrom
Ryan Cohen is building up his stake in Nordstrom, according to a report published by Reuters, in a bid to force the US department store to swap out board members and boost performance.
Dior to face class action suit over ‘misleading’ 24-hour SPF protection claim
Dior could be called upon to defend its 24-hour SPF claim in court after a proposed class action suit charged the LVMH-owned beauty brand of misleading marketing.
Edgewell recalls further lots of Banana Boat sunscreen as benzene detected
dgewell has added additional lots to its nationwide recall of three batches of Banana Boat Hair & Scalp Sunscreen Spay SPF30. The original recall was announced last July.
National Psoriasis Foundation grants first seal of recognition to Laura Geller Beauty foundation
Laura Geller Beauty has announced that its Baked Balance n Brighten Color Correcting Foundation is the first make-up product to receive the National Psoriasis Foundation Seal of Recognition.
Elf Beauty Q3: outlook raised as sales soar 49 percent
Elf Beauty has announced its results for the three and nine months ended December 31, 2022. The mass make-up brand saw net sales soar an impressive 49 percent in the third quarter to US$146.5 million while gross margin increased 180 basis points to 67 percent.
Lauder’s lipstick effect MIA as sales plummet 17 percent in Q2 2023
The Estee Lauder Companies has reported its results for the second quarter of fiscal 2023. Sales dropped 17 percent on the prior-year period from US5.54 billion to US$4.62 billion. The US prestige beauty giant has adjusted its full-year guidance accordingly, with sales now expected to decrease between 5 and 7 percent.
GHD merges hairdryer and straighteners with Duet Style
GHD has launched what it is claiming to be the first 2-in-1 hot air styler; a tool that combines drying and styling technology to transform hair from wet to styled with just one appliance.
1Saves20 debuts rinse-free beauty range
1Saves20 has made its debut on the US market. The rinse-free, resource-conscious beauty range is dedicated to raising awareness about water consumption.
U.S. court rejects Johnson & Johnson’s bankruptcy strategy to end talc lawsuits
A federal appeals court in Philadelphia has rejected Johnson & Johnson’s attempts to end thousands of lawsuits regarding its talc-based products via the use of chapter 11 bankruptcy.
Make it Black campaign launches for its fourth season
Sharon Chuter and her non-profit organisation Pull Up For Change are re-launching its Make It Black campaign for the fourth season, which aims to raise funds for Black founders.
New York becomes third U.S. state to ban cosmetics products containing mercury
New York has become the third U.S. state to ban cosmetics products containing mercury, according to a report by the NY Post.
Ariana Grande acquires assets tied to R.E.M beauty brand for US$15 million
Ariana Grande has acquired the assets to her r.e.m. beauty brand from Forma Brands, which has recently filed for bankruptcy, according to Bloomberg.
Coty launches new campaign to change the dictionary’s definition of beauty
Beauty giant Coty has launched its new campaign #UndefineBeauty, which is said to recognize that the current English language definitions of the term ‘beauty’ are ‘outdated and no
longer reflect the values of today’s society.’
Athena Cosmetics prevails in battle against counterfeits
Athena Cosmetics has won through in a court battle over trademark infringement involving the use of counterfeiting.
Paul Mitchell names Quannah Chasinghorse Global Ambassador
John Paul Mitchell Systems has appointed Native American model and activist Quannah Chasinghorse as its Global Ambassador, according to a report published by WWD.
US FDA moves to regulate CBD-based products
The US Food and Drug Administration (FDA) is seeking new powers from Congress to regulate the CBD industry, according to a report published by The Wall Street Journal.
Revolution Beauty names President for US market
Revolution Beauty has announced the promotion of Sara Staniford to the role of President of Revolution Beauty, USA. Staniford will make the leap from Group Retail Director of Revolution Beauty London.
Aptar wins awards for recyclable, mono-material lotion pump
Aptar has won two awards for its recyclable, mono-material lotion pump; the Worldstar 2023 in the Packaging Materials and Components category.
Makeup By Mario receives growth equity investment from Provenance and Silas Capital
Makeup By Mario cosmetics brand has announced the completion of a US$40 million minority growth investment from private investment firm Provenance and Silas Capital, emerging growth equity and venture capital firm.
Shiseido Americas announces growth and innovation strategy; makes leadership appointments
Shiseido has announced new leadership appointments that is ‘aimed at accelerating its commitment to growth and innovation across the region.’
Sephora beefs up hair wellness offer with Nutrafol debut
Nutrafol has announced that it has partnered with Sephora US and its hair health supplements and hair care products will hit the LVMH-owned retailer’s website at the end of this month and reach physical shelves from late February.
New York privacy law designed to protect citizens, not models’ commercial interests, says judge
A New York court has ruled that a model will not be able to proceed with a lawsuit against a series of online retailers, including Walmart, Amazon and Ulta Beauty, which charged the e-commerce platforms with displaying her photograph without her permission, according to a report published by Reuters.
Viktor&Rolf announces Emily Ratajkowski as face of FlowerBomb
Viktor&Rolf has named Emily Ratajkowski as the face of its FlowerBomb fragrance, effective immediately.
Procter & Gamble Q2 2023: Sales dip 1 percent and earnings down 4 percent
Procter & Gamble has announced its results for the second quarter of fiscal 2023. The US FMCG manufacturer saw net sales drop one percent yoy, although organic sales were up 5 percent excluding the impacts of foreign exchange and acquisitions and divestitures.
Proven partners with Sephora to offer personalized skin care in store
Proven has announced that it is partnering with Sephora to bring its skin care personalization technology and skin care solutions to the LVMH-owned retailer’s customers.
Ulta Beauty names Chief Marketing Officer
Ulta Beauty has announced the appointment of Michelle Crossan-Matos as Chief Marketing Officer, according to a report published by The Wall Street Journal.
Beautycounter Founder Greg Renfrew resigns from position; Marc Rey makes new hires
Beautycounter Founder Greg Renfrew has resigned from her role as Executive Chair and Chief Brand Officer, according to a report by WWD.com.
Independent investigation highlights accountancy concerns for Revolution Beauty Group
The independent investigation into Revolution Beauty Group by auditor BDO LLP has highlighted accountancy concerns, including historical sales, inventory provisioning and personal loans made by a former CEO, according to a report by Reuters.
AS Beauty diversifies into skin care with acquisition of Bliss
AS Beauty has announced that it has acquired skin care brand, Bliss from L Catterton. The purchase is AS Beauty’s fifth acquisition since 2019 and its first foray into the skin care market.
Jil Sander to launch ultra luxe scent; renews Coty license agreement
Coty and Jil Sander have announced that they have renewed their license agreement as well as the mutual decision to continue the long-running partnership between the two companies.
US court dismisses patent infringement suit against L’Oréal
A District of Columbia federal court has thrown out a case bought by GlycoBioSciences charging L’Oréal with patent infringement, citing a lack of jurisdiction, according to a report published by Law Street Media.
Forma Brands agrees to sale via Chapter 11
Forma Brands has announced that it has agreed to be acquired by a group of secured lenders. Jefferies Finance LLC, funds managed by Cerberus Capital Management and FB Intermediate Holdings will acquire all assets of the owner of Morphe make-up.
Bayer and Beiersdorf settle Coppertone case for US$2.3 million
Bayer and Beiersdorf have settled a class action lawsuit brought against the Coppertone sun care brand, according to a court notice issued by the United States District Court for the Eastern District of New York.
Mielle Organics to join P&G Beauty; partnership to accelerate hair care brand’s access to more black women
Mielle Organics is set to join P&G Beauty, subject to regulatory approval, in a partnership that aims to further expand access to healthy hair products and services for Black women around the world.
The Estée Lauder Companies launches AI-powered beauty app for visually impaired users
The Estée Lauder Companies (ELC) has launched its Voice-Enabled Makeup Assistant (VMA), AI-powered beauty app for visually impaired users.
GPA Global announces acquisition of packaging company Cosfibel Group
GPA Global has announced the acquisition of Cosfibel Group, a luxury packaging, gifting and merchandising player.
Fashion platform Moda Operandi launches into Beauty section
Fashion platform Moda Operandi has launched into the beauty sector, launching 55 55 skincare, fragrance, makeup, haircare, and body care brands.
JP Morgan must defend itself in court, over Ray Ban dispute says judge
A New York judge has given the go-ahead for a lawsuit bought by EssilorLuxottica against JP Morgan. The Thai division of the maker of Ray Ban sunglasses claims that the bank ignored ‘red flags’ of suspicious activity, according to a report published by Nasdaq, quoting Reuters.
Coty Board reaches gender parity as Lubomira Rochet appointed
Coty has announced the appointment of Lubomira Rochet to its Board of Directors, effective immediately. Today’s appointment increases female representation on Coty’s Board of Directors to 50 percent and the total number of directors to twelve. Coty’s five-member Executive Committee, led by CEO Sue Y. Nabi, already holds female-majority.
Morphe closes all US stores
Morphe has announced that it is closing all of its US stores for good, according to a report published by Bloomberg.
Bed, Bath & Beyond could file for bankruptcy ‘within weeks’
Bed, Bath & Beyond could be filing for bankruptcy within weeks, according to a report published by The Wall Street Journal.
Amarte sues Marc Jacobs for trademark infringement
Amarte has filed a lawsuit claiming that Marc Jacobs beauty’s Eye-conic palettes fall foul of its registered Eyeconic trademark, according to a report published by News Law.
Starco Brands snaps up Skylar
Starco Brands has announced that it is poised to acquire Skylar Fragrances. The acquisition follows the company’s purchase of Art of Sport in September last year.
LATEST NEWS
