Glossier launches first hand cream; donates 10,000 to healthcare workers
Glossier has announced the launch of its first hand cream, with the first 10,000 products being donated free of charge to healthcare workers on the frontline of the coronavirus pandemic.
Coty predicts 20 percent Q3 sales fall, announces executive pay cuts
Coty has announced a predicted 20 percent sales fall for Q3 fiscal 2020 due to the economic implications of the COVID-19 pandemic.
Dove debuts ‘Courage is Beautiful’ campaign featuring health care workers
Dove has launched a powerful new campaign championing the health care workers risking their lives on the front line of the COVID-19 crisis.
Procter & Gamble settles in Charmin lawsuit
Procter & Gamble has settled a class action lawsuit that charged the US FMCG manufacturer with misleading consumers over the flushability of its Charmin brand’s Freshmates Flushable Wipes, according to a report published by Biz Journals.
Conde Nast cuts staff pay and gears up for redundancies
Conde Nast is said to have cut staff pay and ushered in a reduced working week for many as COVID-19 hits ad revenues.
Sephora calls time on Play! subscription box
Sephora has decided to bring an end to its subscription box business, according to a report published by Refinery 29.
Boom then Bust? Cannabis companies struggle to maintain cash flow through the crisis
The COVID-19 pandemic could shape up to be an ‘extinction-level event’ for the burgeoning cannabis industry, according to a report published by Bloomberg.
Colgate-Palmolive to support WHO #SafeHands initiative with 25 million soap bars
Colgate-Palmolive has announced that it will support the WHO’s #SafeHands initiative by mobilizing a number of its manufacturing facilities around the globe to produce and donate 25 million bars of soap to help stem the spread of COVID-19.
Macy’s CFO announces departure during retail crisis
Macy’s Chief Financial Officer Paula Price has announced her departure from the company, effective May 31st, according to a report by Bloomberg.
L’Oréal USA extends COVID-19 crisis package with new community commitments
L’Oréal USA has announced an extension to its recently announced L’Oréal USA Gives Back initiative, with the launch of new community commitments in partnership with the Professional Beauty Association (PBA).
Estée Lauder borrows from line of credit as stores remain closed
Estée Lauder has borrowed $1.3 billion from its line of credit as stores remain closed and the COVID-19 pandemic continues to affect sales, according to MarketWatch.
PETA buys stocks in fashion brands Ralph Lauren, Burberry and Kering to push anti-wool agenda
PETA has capitalized on the fall in share prices following the coronavirus outbreak, having purchased stock in fashion brands such as Ralph Lauren, Burberry and Target.
Perfect Corp offers brands complimentary YouCam Makeup App services
Perfect Corp is offering brands three complimentary AR/AI Virtual Try-on services to help them reach shoppers while social distancing measures are in place.
Procter & Gamble offloads Kansas property
JLL has closed on the sale of a manufacturing site in Kansas City owned by Procter & Gamble, according to a report published by RE Journals.
Ulta Beauty suspends new hires, defers pay rises and puts store openings on hold
Ulta Beauty has issued a COVID-19-related business update outlining actions it is taking to improve its financial flexibility and preserve financial liquidity while its stores remain temporarily closed.
Walgreens Boots Alliance Q2: sales beat expectations as COVID-19 gets tills ringing
Walgreens Boots Alliance has received a considerable boost from the COVID-19 pandemic, as sales beat expectations in the second quarter of the current financial year.
Sephora lays off 3,754 part time and seasonal staff
Sephora has announced the lay off of some 3,754 part-time and seasonal staff as stores across the US remain shuttered, according to a report published by USA Today.
Charlotte’s Web appoints new COO
Charlotte’s Web has named David Panter as Chief Operating Officer, effective immediately.
Google announces $800 million coronavirus donation package
Google has announced a $800 million donation package that will help a range of charities and support initiatives that aim to lessen the impact of the COVID-19 pandemic.
Mary Kay dedicates manufacturing capabilities to hand sanitizer production
Mary Kay has announced it is to dedicate some of its production facility to manufacturing hand sanitizer, donating the first products off the line to those on the front line.
Coronavirus Aid Relief and Economic Security Act to support natural products industry
The Coronavirus Aid Relief and Economic Security Act (CARES) passed by congress is thought to help the natural products industry navigate through the economic unrest caused by the COVID-19 outbreak.
QVC remains on-air in North America despite country-wide shut down
TV shopping channel QVC has remained on air during the coronavirus outbreak, transmitting from its Philadelphia-based studios as the commonwealth announced “electronic shopping and mail-order houses” were permitted to continue broadcasting.
Our sector needs support if it is to survive: Ulta Beauty CEO petitions Washington as stores are shuttered
Ulta Beauty has announced that all its stores will remain temporarily closed until it is safe to reopen and that it would pay store and salon associates through mid-April and provide benefits to those currently enrolled.
CVS Health announces bonus for employees and plans to hire 50,000 staff
CVS Health has announced that it is awarding bonuses to employees required to be at facilities to assist patients and customers in recognition of their essential role amid the COVID-19 pandemic.
Procter & Gamble to sell US$5 billion in bonds
Procter & Gamble is planning to sell US$5 billion in bonds, according to a report published by Biz Journals.
Dollar General to take on 50,000 employees as demand soars
Dollar General has announced plans to hire up to 50,000 new employees to support its operations.
L’Oréal USA commits to supporting US COVID-19 relief and recovery
L’Oréal USA has announced a multi-faceted initiative to support Americans during the COVID-19 outbreak and recovery in addition to its European parent’s previously announced Coronavirus Solidarity Program.
The Estée Lauder Companies announces global support plan amid coronavirus outbreak
The Estée Lauder Companies (ELC) and its corporate foundation, The Estée Lauder Companies Charitable Foundation (ELCCF), have announced a series of support packages in a bid to help in the fight against coronavirus.
Kim Kardashian West announces temporary closure of KKW Beauty fulfilment centre during coronavirus pandemic
Kim Kardashian West has announced the temporary closure of the KKW Beauty fulfilment centre during the coronavirus pandemic.
Procter & Gamble names new Chief Communications Officer
Procter & Gamble has announced Damon Jones as its new Chief Communications Officer.
FDA issues temporary policy for the preparation of alcohol based hand sanitizer
As more and more businesses turn their hand to the production of hand sanitizer, the US Food and Drug Administration has issued a temporary policy on the preparation of the popular product.
Elizabeth Arden Red Door spa folds after COVID-19 closure
Mynd Spa & Salon has filed for bankruptcy after the COVID-19 crisis forced the closure of several of its branches, according to a report published by WWD.
Target issues apology for sale of masks amid shortages
Target has apologized for the sale of sought-after N95 masks in store while health care workers suffered short supply, according to a report published by Business Insider.
Coty warns revenues will drop 20 percent as it announces COVID-19 update
Coty has announced a number of initiatives designed to safeguard its key stakeholders as well as provide for business continuity and opportunity.
Stoner stockpiling: cannabis sales soar in California et al
Sales of cannabis have risen by a substantial margin across those US states where it is legal to sell marijuana for recreational use, as consumers stock up in advance of store closures and potential lockdowns, according to a report published by Bloomberg.
XpresSpa offers airport outlets up as Covid-19 testing sites
XpresSpa Group has announced that it has offered up its 46 airport locations as potential testing sites to the Centers for Disease Control and Prevention, the US department of Health and Human Services and private laboratories across the country.
L Brands suspends Victoria’s Secret site to concentrate on hand sanitizer production
L Brands has pressed pause on its Victoria’s Secret e-commerce site for now while the firm shifts production to soap and hand sanitizers, according to a report published by The Business Journals.
Amazon reserves warehouses for vital supplies until April 5
Amazon is reserving its warehouse capacity for ‘vital supplies’ until April 5 in the US, UK and other European locations, according to a report published by Reuters.
Tupperware Brands names former Avon head Miguel Fernandez as new Chief Executive Officer
Tupperware Brands has announced the appointment of former Avon Products head Miguel Fernandez as its new Chief Executive Officer, effective 6th April.
Reddit to sell ‘trending’ space to brands
Reddit has monetized its ‘trending’ space, according to a report published by The Verge.
Craft hand sanitizer? Small distilleries switch production from gin to anti-bacterial gel
Craft distilleries across the US and UK are turning their hands to the production of hand sanitizer, according to a report published by Bloomberg.
B.well Connected Health closes US$16 million funding round
b.well Connected Health has announced that it has closed a US$16 million Series A investment round led by UnityPoint Health Ventures.
Coronavirus: Lush to shut down all North American stores and slow production
Lush has become the latest beauty company affected by the coronavirus, having announced the closure of all North American stores and slowdown of production.
Sephora celebrates fifth anniversary of Accelerate program; announces 2020 members
Sephora is celebrating the fifth anniversary of its Accelerate Program with the announcement of 2020 Cohort, thus marking the program’s achievement of its goal of supporting 50 women-led businesses by 2020.
L Brands appoints Sarah Nash as Board Chair
L Brands has announced the appointment of Sarah Nash as Chair of the board. Nash will replace Lex Wesner.
Ulta Beauty Q4 2019: Net sales up 8.5 percent and profit rises
Ulta Beauty has announced its results for the fourth quarter and full year of fiscal 2019 ended February 1, 2020.
Colgate names CEO Noel Wallace as Chairman of Board
Colgate-Palmolive has announced the retirement of Ian Cook as Chairman of the Board and a director and the election of Noel Wallace, President and CEO as his successor, effective April 1, 2020.
Elizabeth Arden announces support of I am a voter for 2020
In celebration of the 100th anniversary of the women’s suffrage movement, Revlon-owned Elizabeth Arden has debuted a campaign in support of I am a voter.
CVS Pharmacy to acquire and rebrand Schnucks Pharmacies
CVS Health-owned CVS Pharmacy has announced that it has entered into a definitive agreement to acquire Schnuck Markets’ retail and specialty pharmacy businesses.
Revlon restructuring plan to cost 1000 jobs?
Revlon has announced a new 2020 Business Optimization and Restructuring plan aimed at ‘building a stronger global business operation’, which could see around 1000 jobs axed as part of the restructuring methods.
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