Elf Beauty Q2 2023: Outlook raised as sales soar 33 percent
Elf Beauty has announced its results for the three- and six-month period ended September 30, 2022.
Bath & Body Works names CEO
Bath & Body Works has announced that its Board of Directors has appointed Gina Boswell as Chief Executive Officer and a Member of the Board, effective December 1, 2022.
L’Oréal USA announces 2022 For Women in Science fellows
L’Oréal USA has announced the recipients of its 2022 For Women in Science Fellowship. This year’s Fellows focus is on the areas of biomedical engineering, ecology, mathematics, microbiology and neuroscience.
Bubble Skincare expands distribution into specialty retail; launches into Ulta Beauty
Skincare brand Bubble Skin has expanded its distribution into specialty retail, having launched into Ulta Beauty.
Private equity firm L Catterton launches impact fund platform
Private equity firm L Catterton has launched an impact investment platform, with Tehmina Haider and Michael O’Leary appointed as Partners to lead the strategy.
The Estée Lauder Companies cuts full year forecast; Q1 net sales decline 11 percent
The Estée Lauder Companies has cut its full year forecast due to COVID-19 related lockdowns in China, currency fluctuations and record high inflation.
Mary Kay appoints founder’s third generation family member as new Chief Executive Officer
Mary Kay has announced the appointment of Ryan Rogers as Chief Executive Officer, starting January 1, 2023.
Perfect Corp debuts on New York Stock Exchange
Augmented reality app Perfect Corp has debuted on the New York Stock Exchange (NYSE), becoming a publicly listed company with with its Class A ordinary shares and warrants listed under the ticker symbols “PERF” and “PERF WS”, respectively.
ShopMy raises US$8 million in series A funding; affiliate marketing platform to scale engineering product and design
Affiliate marketing platform ShopMy has raised US$8 million in Series A funding, with the round led by Granite Telecom Chief Operating Officer Rand Currier, as well as a group of private investors, according to WWD.com.
Revlon sale begins as bankruptcy deadline approaches
Revlon is said to be inviting interested parties to submit bids for its assets, according to a report published by Bloomberg.
New York edges closer to equal pay as salary transparency mandated
Employers in New York City will be bound to disclose a pay range for every job vacancy from today under the region’s soon-to-be-enacted salary transparency law, according to a report published by The Wall Street Journal.
Bed, Bath & Beyond investigates data breach
Bed, Bath & Beyond has revealed that it has suffered a data breach, according to a report published by Reuters.
Saks partners with TerraCycle to launch beauty recycling program
Saks has partnered with TerraCycle to launch a beauty recycling program which will encourage shoppers to give their beauty empties a second life.
Coty announces global gender-neutral parental leave policy
Coty has announced that, starting today, all employees, regardless of gender will have access to the same number of fully paid weeks of parental leave when starting or extending a family, whether through pregnancy, adoption or surrogacy.
Minimalist beauty brand, Lilah B announces closure
Minimalist beauty brand, Lilah B has announced that it is to close by the end of the year.
Unilever U.S. recalls dry shampoo over positive benzene contamination
Unilever U.S. has recalled dry shampoo products in the U.S. and Canada from brands such as Dove and Suave that may have elevated levels of the carcinogen benzene, according to the company.
Beiersdorf names Florian Wolfram new General Manager, Beiersdorf Canada
Beiersdorf has named Florian Wolfram as its new General Manager, Beiersdorf Canada.
SAG-AFTRA urges Congress to end hair discrimination by passing The Crown Act
Entertainment union SAG-AFTRA has sent a strongly-worded letter to the US Senate, urging Congress to end hair discrimination by passing the Crown Act.
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.
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