The Estee Lauder Companies announces new Global Brand Presidents for Clinique and Smashbox/GLAMGLOW
The Estee Lauder Companies has announced the promotion of Michelle Freyre and Glenn Evans to Global Brand President, Clinique and Global Brand President, Smashbox and GLAMGLOW, respectively.
L Brands announces proposed Victoria’s Secret US$500 million offering of senior notes due 2029
Brands has announced that its subsidiary Victoria’s Secret is offering the sale of US$500 million aggregate principal amount of senior notes due 2029.
Former Unilever exec Piyush Jain joins Hand in Hand as new CEO
Personal care brand Hand in Hand has appointed former Unilever executive Piyush Jain as its new Chief Executive Officer.
Scarlett Johansson to launch skincare line in 2022
Actress Scarlett Johansson has announced the imminent launch of a new skincare brand, together with Co-Founder, entrepreneur and beauty/fashion executive, Kate Foster.
Intimacy brand Maude raises $5.8 million in Series A funding round
Intimacy brand Maude has raised U.S.$5.8 million in an oversubscribed Series A funding round, led by beauty and wellness-focused fund True Beauty Ventures.
Beiersdorf appoints two new members to the Board
Beiersdorf has appointed Patrick Rasquinet and Oswald Barckhahn to the Executive Board, effective 1st July and 15 October respectively.
Coty’s Chief Supply Officer steps down
Coty has announced that Richard Jones, Chief Supply Officer and Head of R&D is stepping down from his role, effective today.
Coty’s Covergirl reduces plastic in pressed powder packaging by 35 percent
Coty-owned Covergirl has announced its largest sustainability step to date; a packaging change for its Clean Pressed Powder Collection that reduces the plastic content for each product by 35 percent.
Silo Wellness debuts first global functional and psychedelic mushroom consumer brand, Marley One
Silo Wellness has announced the launch of Marley One in collaboration with the family of Bob Marley, which it claims is the first global functional and psychedelic mushroom consumer brand.
The Estee Lauder Companies North America announces management reshuffle
The Estee Lauder Companies’ North American unit is carrying out a management reshuffle and reorganisation that will see some 1 percent of roles cut, according to a report published by WWD quoting an internal memo.
L’Oréal Group appoints Frank Kollmar as Deputy Managing Director for the Active Cosmetics Division
The L’Oréal group has appointed Frank Kollmar as Deputy Managing Director for the Active Cosmetics Division at the worldwide level.
Avon appoints Frances Largeman-Roth as new Nutrition and Wellness Brand Ambassador
Avon has announced the appointment of Frances Largeman-Roth as its new Nutrition and Wellness Brand Ambassador.
P&G cuts ribbon on new Global Product Supply Innovation Center in Germany
Procter & Gamble has opened a new Product Supply Innovation Center (PSIC), which will serve as the hub for collaboration with a network of local suppliers, tech companies, R&D institutions and top universities, developing global, scalable and modular solutions to decarbonize its supply chain.
Yooma pulls out of China following CBD ban
Canadian wellness platform Yooma has announced that it will be discontinuing operations in China, effective immediately.
Burt’s Bees backs proposed US cosmetics regulation
Burt’s Bees has voiced its support of Senators Dianne Feinstein and Susan Collins on their introduction of the Personal Care Products Safety Act, a bill that purports to protect customer health and strengthen FDA regulation of personal care products.
Elf takes cosmetics Crypto with the launch of NFTs
Elf Cosmetics launched a whole new category of cosmetics on Friday. The US mass beauty brand sent its signature products into the crypto space with a range of non-fungible tokens (NFTs), dubbed Ne.l.f.Ts.
Revlon names new Chief Compliance Officer
Revlon has drafted in a new Chief Compliance Officer, according to a report published by Bloomberg Law. Alison Hinds-Pearl joins from MasterCard and will lead the cosmetics giant’s compliance team.
Kylie Cosmetics debuts Lip Kits rebrand
Kylie Jenner has previewed a redesigned version of her infamous Lip Kits via social media, according to a report published by Teen Vogue.
Victoria’s Secret rebrand: angels are out, activism is in
Victoria’s Secret has announced a significant change of tack in its marketing methods. Gone are the brand’s notorious ‘Angels’ and instead, the L Brands-owned underwear maker has announced the creation of The VS Collective of leading icons and change makers.
Pharrell Williams teams up with Chanel to launch mentorship program for Black and Latinx entrepreneurs
Pharrell Williams has teamed up with fashion house Chanel via his equity-focused initiative Black Ambition to launch a two-part mentorship program for Black and Latinx entrepreneurs.
Uoma Beauty Founder Sharon Chuter launches new brand ‘Uoma by Sharon C.’ exclusively to Walmart
Uoma Beauty Founder Sharon Chuter has announced the launch of a new brand, Uoma by Sharon C., which will be sold exclusively via its own website and Walmart.
The Body Shop appoints Finn Partners as U.S. PR agency of record
The Body Shop has chosen Finn Partners as its U.S. PR agency of record, according to Provoke Media.
DevaCurl unveils rebrand alongside new products and formulas
Hair care brand DevaCurl has undergone a brand revamp and has also unveiled new products and formulas.
US shoppers duped out of US$28 billion in 2021 by fake online reviews
Fake online reviews will be behind some US$3.96 billion of online fashion sales in the US and US$800 million of beauty and personal care buys, according to a study conducted by CHEQ and the University of Baltimore.
Marc Jacobs Fragrances hosts fundraiser to support the LGBTQIA+ community
Coty-owned Marc Jacobs Fragrances has announced that it will donate up to US$50,000 to The Lesbian, Gay, Bisexual & Transgender Community Center through an interactive social fundraiser on Cameo.
Procter & Gamble partners with Wayfarer Studios to produce podcast
Wayfarer Studios and Procter & Gamble have teamed up to co-finance and co-produce a series of projects across film, TV and new media, starting with a podcast due to launch next week, named The Man Enough, according to a report published by The Hollywood Reporter.
Wellness platform Fresha raises US$100 million in Series C funding round
Beauty and wellness platform Fresha has raised some US$100 million in a series C funding round led by General Atlantic with strategic participation from Huda Kattan.
The Estee Lauder Companies leads seed round for modern grooming brand Faculty
The Estee Lauder Companies has been named as lead investor for a US$3 million seed funding round for beauty start-up Faculty, according to a report published by Essence.
Helen of Troy sells off personal care business to HRB Brands for US$44.7 million
Helen of Troy has announced that it has sold its mass market personal care business to HRB Brands for US$44.7 million in cash. The sale excludes the Latin America and Caribbean regions.
P&G sees freight and commodity costs soar
Procter & Gamble has reported freight and commodity costs of US$600 million after tax for the current financial year to date, according to a report published by Reuters quoting the US FMCG giant’s CFO.
Estée Lauder excessive fee lawsuit dismissal denied
A judge at the U. S. District Court of the Southern District of New York has ruled that an excessive fee lawsuit against Estée Lauder is to continue, according to a report by Plansponsor.
Model Halima Aden returns to fashion industry with Tommy Hilfiger collaboration
US-Somali model Halima Aden has teased a return to the fashion world following her announcement back in October that she was quitting modelling.
Sally Beauty launches new campaign YOU by Sally to normalize self-expression
Sally Beauty has launched a new campaign called YOU by Sally, which aims to normalize self-expression and celebrate the choice to have bright hair.
Revlon bonds soar following reworking of debt load
Revlon’s bonds have soared to the highest since January 2020 following a reworking of its company balance sheet, according to a report by Bloomberg.
Korean Actress Son Na-eun becomes new face of Neutrogena
Son Na-eun has been announced as the new face of Neutrogena, according to a report by Allkpop.com.
Estée Lauder appoints Adut Akech as newest Global Brand Ambassador
Estée Lauder has announced South Sudanese-Australian model Adut Akech as its newest Global Brand Ambassador.
Coty looks to raise US$500 million via senior secure notes offering
Coty is set to raise $500 million via an aggregate principle amount of senior secured notes, subject to market and customary conditions.
BASF sells Kankakee site to One Rock Capital Partners
BASF has announced that it has concluded the sale of its manufacturing site in Kankakee, Illinois to an affiliate of One Rock Capital Partners. Terms of the deal were not disclosed.
Luxury with a heart: LVMH launches emergency fund for employees
LVMH is ramping up its CSR activity with the launch of an unprecedented fund aimed at supporting its staff across the globe. The LVMH Heart Fund is designed to help employees faced with a serious personal situation via emergency financial aid and dedicated social and psychological support.
CEO for the day: A$AP Rocky takes the helm at Klarna for 24 hours
Rapper A$AP Rocky assumed the role of CEO for a day at Klarna at the start of June, in recognition of his recent investment in the global payments provider.
COTY CFO looks to improve profitability by streamlining product portfolio
THE WHAT? Coty CFO Laurent Mercier is looking to increase profitability by streamlining its product portfolio, according to a report by The Wall Street Journal. THE DETAILS Mercier is aiming to achieve company savings of $600 million over the course of...
Rapper Sean Combs teams up with Salesforce on launch of marketplace for Black-owned brands
Rapper Sean Combs, known as P Diddy, has teamed up with Salesforce to launch a digital marketplace for Black-owned brands, named Shop Circulate.
Etsy to acquire fashion marketplace Depop in $1.6 billion deal to attract gen Z consumers
Handmade goods marketplace Etsy has acquired second hand fashion app Depop in a $1.6 billion deal.
L’Oréal USA’s B2B retailer SalonCentric announces new marketplace
SalonCentric, the B2B retailer owned by L’Oreal USA, is set to launch a new marketplace on its website, slated to go live in September.
Kylie Jenner to enter baby market
Kylie Jenner is seemingly set to enter the baby market, with a new Instagram account appearing with the handle @KylieBaby.
P&G’s new sensitive skin brand launches at CVS
Procter & Gamble has launched a new sensitive skin care brand, appropriately named GoodSkin MD. The brand soft-launched on its own D2C site and has now made its debut on CVS.com to boot and is set to hit physical shelves in July.
Johnson & Johnson ordered to pay US$2.1 million as talc appeal denied
The US Supreme Court has refused an appeal in the now infamous 2018 St Louis talc litigation, leaving Johnson & Johnson with US$2.1 million to pay in damages, according to a report published by Bloomberg.
Clinique names Melissa Barrera Global Ambassador
The Estee Lauder Companies-owned Clinique has announced Melissa Barrera as its new Global Ambassador. The Mexican actor is the brand’s first Global Ambassador from the Americas.
Mary Kay joins Ellen MacArthur Foundation
As part of its commitment to becoming a more sustainable, circular business, Mary Kay has announced that it has joined the Ellen MacArthur Foundation as a member of its Network.
Ulta Beauty posts record first quarter with sales up 65.2 percent
Ulta Beauty has announced financial results for the first quarter ended May 1, 2021. The US beauty retailer saw sales soar 65.9 percent versus the prior year period to hit US$1.9 billion, compared to US$1.2 billion in the year-ago quarter.
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