Channel Op buys N+B from Founder Lisa Barlow
Lisa Barlow has announced the sale of her beauty company N+B to Channel Op for an undisclosed sum.
Credo Beauty names CEO
Credo Beauty has named Stuart Millar as Chief Executive Officer. Miller will be responsible for accelerating the clean beauty brand’s retail growth and driving product innovation.
Beiersdorf cuts the ribbon on US Innovation Center
Beiersdorf has opened a new chapter in the North American market with a new Innovation Center and North American HQ in New Jersey and Connecticut, respectively.
The Estee Lauder Companies expands Mahler’s role to identify strategic priorities
The Estee Lauder Companies has announced that Daniel Mahler has been appointed to an expanded role as Executive Vice President, Strategy and Transformation, effective immediately.
AS Beauty acquires Cover FX
AS Beauty has announced the acquisition of Cover FX, its fourth purchase since 2019. Terms of the deal were not disclosed.
Bath & Body Works reports record Q4 sales
Bath & Body Works has reported record fourth quarter sales and provided and update on its estimated Q4 earnings per share from continuing operations.
Gillette returns Superbowl after 16-year absence
Procter & Gamble’s Gillette brand has booked a 30-second spot to air during the Superbowl, the first time the shaving line has appeared during the US sporting event since 2006, according to PR Week.
Coty starts production of first scents made with carbon-captured ethanol
Coty has announced that it has started production of what it claims is the world’s first globally distributed fragrances made using carbon captured ethanol.
Revlon owner downsizes with sale of Hamptons estate
Revlon owner, Ron Perelman has agreed the sale of his estate in the Hamptons for US$84.5 million, according to a report published by The New York Post, quoting an article in Dirt.
Procter & Gamble to sell debt to raise US$2 billion
Procter & Gamble has filed papers with the SEC revealing that it intends to raise almost US$2 billion via the sale of notes, according to a report published by the Cincinnati Business Courier.
Estée Lauder Companies reports record holiday quarter; sales up 14 percent
Estée Lauder Companies has reported a record Q2 fiscal 2022, with sales up 14 percent bolstered by a market recovery in Western markets and strong online sales.
L’Oréal USA appoints Sanford Browne as President of Research & Innovation for North America zone
L’Oréal USA has announced the appointment of Sanford Browne as President of Research & Innovation for the North America zone.
America Ferrera makes Covergirl campaign debut as the face of Clean Fresh Skincare
Actress America Ferrera has made her Coty-owned Covergirl debut as the ambassador for the new Clean Fresh Skincare collection.
Shinsegae to invest in U.S. feminine wellness brand Rael?
South Korean retail company Shinsegae Group is reportedly set to invest in U.S. feminine care wellness brand Rael as part of its US$50 million series B funding round, according to a report by Pulse News.
Coty appoints new CEO for Kylie and KKW Beauty and US GM
Coty has announced a series of appointments following the departure of Andrew Stanleick, EVP of Americas, according to a report published by WWD.
Pacifica Beauty appoints new CEO as Brentwood comes on board as investment partner
Pacifica Beauty has announced two strategic moves as part of its ambitious growth objectives for 2022 and beyond. The vegan, clean beauty brand has named Nathalie Kristo as its new CEO and Board Member and Brentwood Associates as its new growth partner.
Henkel to merge Laundry & Home Care and Beauty Care units to create new Consumer Brands business
Henkel has announced plans to create a multi-category platform through the merger of its Laundry & Home Care and Beauty Care units into a new Consumer Brands division.
IFF names next CEO
IFF has announced the appointment of Frank Clyburn to succeed Andreas Fibig as CEO and a member of the Board of Directors, effective February 14, 2022. The company will also separate the Chairman and Chief Executive roles, with Dale Morrison assuming the role of non-executive Chairman of the Board of Directors.
Walgreens Boots Alliance publishes ESG report
Walgreens Boots Alliance has published its 2021 Environmental, Social and Governance Report.
Cosmetics cut backs: 80 Glossier employees made redundant
Glossier has announced that it has laid off up to a third of its corporate work force, according to an article published by Modern Retail.
Dove tackles hair discrimination with ‘as early as five’ campaign
Unilever’s Dove has released a new body of research revealing the extent and young age at which Black girls experience hair discrimination in schools.
Snap evolves AR commerce with Catalog-powered Shopping Lenses
Snap has rolled out Catalog-powered Shopping Lenses, a new facet to AR shopping designed to simplify the process and engage consumers. The new experience is also said to be easier to build, scale and optimize for brands.
e.l.f Cosmetics cements clean beauty status with new skin care range, Pure Skin
e.l.f. Cosmetics has committed to becoming a clean beauty brand with the launch of its new derm-developed, fragrance-free, clean, vegan and cruelty-free skincare collection, Pure Skin.
Johnson & Johnson reports 10.4 percent Q4 sales growth
Johnson & Johnson (J&J) has reported 2021 Q4 sales of US$24.8 billion, a growth of 10.4 percent, with full year 2021 sales reaching US$93.8 billion, a growth rate of 13.6 percent.
Procter & Gamble partners with ‘impressive’ female collective to promote Pantene
Procter & Gamble-owned Pantene has teamed up with ‘impressive, strong, modern, multi-hyphenate women’ to form the new Pantene Conditioner Collective, who look to redefine the brand’s status quo.
Share price rise shows wide support for Kohl’s takeover
Kohl’s share price leapt 36 percent yesterday after reports that the department store chain has received a takeover bid from Sycamore Partners, according to a report published by Reuters.
Would you let an algorithm dress you? Enter Amazon Style
Amazon has announced that it is poised to open its first physical apparel store later this year at The Americana at Brand, Los Angeles. The space promises to revolutionise shopping for clothes, harnessing the e-commerce behemoth’s technology and operations wizardry.
The Beauty Health Company appoints former Coty exec President and CEO
The Beauty Health Company has announced the appointment of Andrew Stanleick as President and Chief Executive Officer, effective February 7, 2022.
Vital Proteins names Addison Rae Global Brand Ambassador
TikTok superstar Addison Rae has been named Global Brand Ambassador for collagen brand Vital Proteins.
Maybelline ushers in sustainability program, Conscious Together
Maybelline New York has unveiled its sustainability program. Dubbed Conscious Together, the initiative aims to create a more sustainable business model for the L’Oréal-owned brand.
Beautycounter names former Shiseido exec Marc Rey CEO
Beautycounter-owner, Counter Brands has announced Marc Rey as CEO, effective February 1, 2022. Rey will replace Founder Gregg Renfrew, who will serve instead as the company’s Executive Chair and Chief Brand Officer.
US FDA publishes white paper on testing for asbestos in cosmetics
The US Food and Drug Administration has released a white paper outlining scientific opinions on the testing of talc-containing cosmetics products for asbestos.
Perfect Corp teams up with MAC Cosmetics and SoPost to create ‘next generation’ sampling
Perfect Corp has teamed up with Lauder’s MAC Cosmetics and online sampling platform SoPost to create a personalized sampling experience billed as ‘first-of-its-kind, digital-meets-physical, for the prestige make-up brand’s Studio Fix Foundation.
Martha Steward CBD launches new line of wellness topicals as its first category expansion
Martha Stewart CBD has launched Martha Stewart CBD Wellness Topicals, which is the brand’s first-ever category expansion in its growing CBD portfolio.
Procter & Gamble tops Q2 estimates; raises 2022 sales forecast
Procter & Gamble Q2 earnings and revenue has topped Wall Street expectations, with price hikes offsetting higher commodity and freight costs.
BH Cosmetics files for bankruptcy
BH Cosmetics has filed for Chapter 11 bankruptcy protection in Wilmington, Delaware, and is planning to sell its intellectual property for US$4.3 million, according to WWD.com.
Walmart to join the Metaverse? Retailer files applications for own-brand Crypto and NFTs
U.S. retailer Walmart has filed seven applications to the U.S. Patent and Trademark office to launch its own-brand cryptocurrency, NFTs, possible payment system, and e-wallets, according to CNBC.
Tommy Hilfiger beauty business leaves The Estee Lauder Companies; enters into licensing agreement with Give Back Beauty
The Tommy Hilfiger beauty business has left The Estee Lauder Companies and entered into an exclusive licensing agreement with Give Back Beauty.
Ren Clean Skincare names new CEO
Unilever-owned Ren Clean Skincare has named Michelle Brett as Chief Executive Officer, WWD reports. Brett replaces Arnaud Meysselle who has left the company to take up the role as CEO of toy company Jellycat, according to his LinkedIn profile.
Sephora signs San Francisco’s biggest lease since the pandemic began in HQ move
LVMH-owned Sephora will be rolling out the packing crates after signing a lease for a new office in San Francisco – the city’s biggest such deal during the pandemic, according to a report published by the San Francisco Chronicle.
Bain and CVC pair up to bid for Boots
Bain Capital and CVC Capital Partners are said to be preparing a joint bid for Walgreens Boots Alliance-owned Boots, according to a report published by the Financial Times, quoting a source ‘with knowledge of the matter’.
Il Makiage closes US$130 million private round; values the company at US$1.5 billion
Oddity-owned Il Makiage has announced the closing of a US$130 million private round, that values the company at US$1.5 billion.
Hair care brand Cantu Beauty teams up with Women Empowering Nations (WEN) to host a series of career-readiness workshops for minority women
Hair care brand Cantu Beauty has teamed up with non-profit organization Women Empowering Nations (WEN) to host a series of career-readiness workshops for minority women around the globe.
Aromatherapy Associates joins beauty B Corp coalition to improve industry sustainability standards
Aromatherapy Associates has joined the beauty B Corp coalition, comprised of 27 certified B Corporations across eight countries and three continents, which aims to improve the sustainability standards of the beauty industry.
Selena Gomez thanks Rare Beauty team in full-page open letter in the New York Times
Actress and singer Selena Gomez has thanked her Rare Beauty team in a full-page open letter in the New York Times.
Saks debuts online wellness shop
Saks has announced the launch of a new wellness shop on Saks.com. The e-commerce store spans fitness, health & nutrition, sexual wellness and rest & relaxation and boasts an increased product selection with more than 100 brands.
Walmart dials back paid sick leave to align with CDC COVID-19 quarantine change
Walmart has changed its paid sick leave policy to align with the US Center for Disease Control and Prevention’s new isolation policy following exposure to or testing positive for COVID-19, according to a report published by Reuters.
Walgreens Boots Alliance hails ‘strong’ Q122 as sales up 7.6 percent
Walgreens Boots Alliance has branded its performance in the first quarter of fiscal 2022 as ‘strong’ after sales rose 7.6 percent in constant currency on the prior year period and operating income hit US$1.3 billion, a vast improvement on the US$535 million loss in the year-ago quarter.
Informa Markets buys Premiere Show Group
Informa Markets has announced the acquisition of Premiere Orlando, the largest beauty show in the US, and its sister shows Premiere Birmingham and Premiere Columbus, for an undisclosed sum.
P&G Beauty debuts virtual world, BeautySPHERE at CES 2022
P&G Beauty has debuted its virtual storytelling world, BeautySPHERE at the Consumer Electronics Show (CES) 2022. The digital experience allows visitors to interact with the US FMCG firm’s portfolio of brands through live and simulated content.
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