P&G to list Gillette parking lot for sale?
Procter & Gamble is said to have hired a broker to market a 2.5 acre site which is currently used as a parking lot serving Gillette’s World Shaving Headquarters in Fort Point, according to a report published by the Boston Globe.
Former Coty CEO launches global wellness and beauty company, Present Life
Camillo Pane, former CEO of Coty is launching his latest venture today. Present Life is described as a global wellness and beauty company and has attracted a US$20 million investment from capital investment firm The Craftory in return for a controlling interest.
Sephora cleans up with Environmental Defense Fund partnership
Sephora and Environmental Defense Fund have announced their partnership to advance the removal of toxic ingredients known to cause environmental and health impacts from the LVMH-owned retailer’s beauty products.
The Estee Lauder Companies announces Post-COVID cost-cutting plan as Q42020 sales dive 32 percent
The Estee Lauder Companies has announced its results for the final quarter and full year of fiscal 2020. A sharp 32 percent sales decrease in the final quarter contributed to an overall 4 percent drop in sales for the year, for a total of US$14.29 billion.
NYX Professional Makeup exits Hong Kong as part of ‘business strategy readjustment’
L’Oréal-owned NYX Professional Makeup has announced its impending departure from Hong Kong and Macau, a move which is said to be part of a ‘business strategy readjustment.’
Shiseido Americas’ Mark Rey resigns as President and CEO
Shiseido Americas has announced that Marc Rey has resigned as President & CEO, effective 6th September.
Tennis star Maria Sharapova invests in tech wellness company Therabody
Tennis ace Maria Sharapova has invested in wellness company Therabody, having also joined its Board of Directors.
Pat McGrath Labs teams up with Supreme in first-ever lipstick collaboration
Pat McGrath Labs has teamed up with Supreme to launch the MatteTrance Lipstick, the first beauty collaboration in the fashion label’s 26-year history.
Walmart warns of ‘outsized gains ebb’ as stimulus checks end
Walmart Chief Financial Officer Brett Biggs has warned that buoyed consumer spending in the U.S. could start to wane as government stimulus checks start to run out, according to a report by Bloomberg.
The Ordinary launches water-free, pure niacinamide powder
The Ordinary has launched a pure Niacinamide powder, a water-free formula designed so that consumers can add it to their existing products at home.
Elf Cosmetics makes TikTok history once again with reality show
Elf Cosmetics is launching another TikTok first – the social media channel’s first reality show. Inspired by the brand’s commitment to empowering people to pursue their dreams, the Eyes. Lips. Famous show offers three creators the opportunity to build their skills with the help of notable influencers.
Boots to partner with British Airways on pre-flight COVID-19 testing?
British Airways is looking to offer consumers pre-flight COVID-19 testing in a bid to boost consumer confidence, with UK personal care and beauty retailer Boots said to be a potential partner, according to Business Traveller.
COVID-19 isn’t a justification for stealing: UMB files lawsuit against Revlon over loan collateral
UMB Bank has filed a lawsuit accusing Revlon of offering up loan collateral to secure further financing, according to a report published by Bloomberg.
Procter & Gamble appoints first black woman Debra Lee to Board of Directors
Procter & Gamble has announced the appointment of Debra Lee, former chairman and CEO of Black Entertainment Television (BET), to its Board of Directors, the first black woman to sit on P&G’s board.
Shiseido names Hunter Schafer as global brand ambassador
Shiseido has named Hunter Schafer as its newest global brand ambassador, according to the Hollywood Reporter.
Pinterest tweaks skin tone search
Pinterest has improved a feature that allows users of the social media site to search pins by skin tone, according to a report published by The Verge.
Estée Lauder looks to gaming world to promote Advanced Night Repair beauty serum
Estée Lauder has aligned with the gaming world to promote its Advanced Night Repair Synchronized Multi-Recovery Complex, launching several web-based video games on its ANRcade microsite, according to AdAge.com.
Selena Gomez announces Sephora launch date for vegan brand Rare Beauty
Actress Selena Gomez has taken to Instagram to announce the launch date for her vegan brand, Rare Beauty, which will be available via Sephora on 3rd September, 2020.
Lush sues head of North American operations over financial mismanagement
UK-based naturals company Lush has filed a lawsuit against Vancouver-based Mark Wolverton, head of the North American operations, over the apparent breach of the terms of its 2003 joint-tenure agreement, according to a report by biv.com.
MassageLuXe appoints new Chief Growth Officer to grow franchise sales
U.S. massage franchise MassageLuXe has announced the appointment of Kristen Pechacek as its newly created position of Chief Growth Officer, who will focus on growing franchise sales.
Speculate to accumulate? Procter & Gamble raises ad budget for first time in four years
Procter & Gamble spent some 8.5 percent more on advertising in the year to June 2020 than in the 12 months prior, according to a report published by Campaign – the US FMCG manufacturer’s first increase in four years.
No make-up? E.l.f Beauty and Alicia Keys to launch wellness brand
Alicia Keys has teamed up with E.l.f Beauty to create a new ‘lifestyle beauty brand’. The new venture will enable Keys, who is known for her bare-faced look, to ‘explore conversations about inner beauty, wellness and connection’.
iMedia Brands to launch wellness shopping channel
iMedia Brands has announced the imminent launch of a new wellness television retailing network, ShopHQHealth. The channel will air in approximately 15 million households across the US from September 1.
Revlon Q2 2020: Sales plummet 39 percent despite e-commerce boom
Revlon has announced its results for the second quarter of fiscal 2020. The US make-up giant saw net sales plummet 39 percent yoy to US$570.2 million. However, e-commerce was a bright spot, growing 58 percent versus the prior-year period to account for some 18 percent of sales, versus 7 percent in the same three months of 2019.
Megan Thee Stallion joins Revlon as Global Brand Ambassador
Revlon has named Megan Thee Stallion as its newest Revlon Global Brand Ambassador. The critically acclaimed musician will take her place among fellow faces Gal Gadot, Ashley Graham, Sofia Carson, Jessica Jung, Adwoa Aboah and Eniola Abioro.
Fairchild names Head of Diversity, Equity and Inclusion and WWD Executive Editor
Fairchild Media has named Tara Donaldson as its Head of Diversity, Equity and Inclusion, and Executive Editor of WWD.
Lashify launches IP lawsuit against Kiss Nail Products
Lashify is suing Kiss Nail Products for infringing on two of its patents, according to a report published by WWD.
Edgewell Personal Care to acquire Cremo Company
Edgewell Personal Care has announced that it has entered into an agreement to acquire Cremo in an all-cash transaction for US$235 million.
The Personal Care Products Council elects new Board Chair
The Personal Care Products Council (PCPC) has announced the election of a new Board Chair. Keech Combe Shetty, Executive Chair of Combe Incorporated will assume the role.
Colgate-Palmolive Q2 2020: net sales rise a pandemic-beating 1 percent
Colgate-Palmolive has announced its results for the second quarter of fiscal 2020. The US oral care manufacturer saw net sales beat market expectations, growing 1 percent (organic sales rose 5.5 percent), while EPS was up an impressive 9 percent.
Glossier, Birchbox and L’Oréal among partners for The Black in Fashion Council launch
The Black in Fashion Council (BIFC) has announced the first 38 companies who have signed up to participate in the initiative, which was founded in June to evolve the industry’s inclusivity, according to a report published by Vogue.
Gwyneth Paltrow and Unilever Ventures invest in Saie beauty
Clean make-up brand Saie beauty has closed a seed round attracting a number of investors, including Unilever Ventures and Gwyneth Paltrow, according to a report published by WWD.
Unilever, Ulta and The Estee Lauder Companies bag top 10 spots in Forbes’ Best Employers for Women
Unilever has been named America’s second Best Employer for Women by Forbes. The media company teamed up with market research firm Statista to put together its third annual ranking of the best employers for women, with employees surveyed between March and April this year.
Clorox promotes President Linda Rendle to CEO; brings Fortune 500 female leaders to record breaking 38
Burt’s Bees parent company Clorox has announced Linda Rendle as its new CEO, an appointment that brings the number of female leaders on the Fortune 500 to a record breaking 38, according to a report by make it.
TikTok star Addison Rae co-creates beauty company Item Beauty
TikTok star Addison Rae has teamed up with beauty incubator and Ipsy sister company Madeby Collective to co-create a new cosmetics company, named Item beauty.
Calvin Klein brings back Christy Turlington Burns and husband Edward Burns for new Eternity global campaign
Calvin Klein has announced that model Christy Turlington Burns and husband Edward Burns are once again the faces of the global advertising campaign for the Eternity fragrance.
Sally Beauty Holdings reports Q3 net sales decline; online sales soar 278 percent
Sally Beauty Holdings has reported a Q3 net sales decline of 27.7 percent to $705.3 million, driven by retail closures at almost all of its global operations due to the pandemic.
FAB Ventures closes new $10 million fund for conscious beauty and fashion
Ex-Lancome CEO Odile Roujol-owned beauty venture fund FAB Ventures has announced the first closing of a targeted $10 million new venture capital fund focused on clean beauty and wellness, as well as sustainable luxury fashion and Femtech.
L’Oréal mulls TikTok ad spend cut due to privacy concerns
L’Oréal is said to be considering ad spend cuts on social media site TikTok, as privacy concerns are raised due to its link to China, according to a report by Bloomberg.
P&G Q3 2020: Sales up 5 percent, net earnings soar 8 percent
The Procter & Gamble Company has reported its results for the third quarter of fiscal 2020. The US FMCG giant saw net sales swell an impressive 5 percent over the period to reach US$17.2 billion, while net earnings grew an impressive 8 percent to US$1.12 per share.
Masked beauty: Mask wearing spurs on matching manicure trend
Matching your mask to your manicure is ‘peak 2020’, Refinery 29 is claiming. Indeed, the digital lifestyle publication has rounded up a series of mask-mani combinations it’s spotted on social channels.
The Look: P&G prompts discussion of racial bias with new ad
Procter & Gamble is airing a new ad in the US to help raise awareness of the daily microaggressions experienced by Black people, according to a report published by Indy 100.
Revlon seeks to swap bonds to delay debt repayment as it looks to recover from COVID-19 blow
Revlon is looking to delay repayments due to bondholders next year as it looks to recover from the blow to the business felt from COVID-19, according to a report by Bloomberg
Magic Johnson offers $100 million in loans to minority-owned businesses left out of government PPP loans scheme
Former basketball player Magic Johnson has collaborated with MBE Capital partners to offer $100 million in loans to minority- and women-owned companies set to be impacted by the quarantining legislation in the U.S.
MAC Cosmetics debuts on ASOS US
The Estee Lauder Companies-owned MAC Cosmetics is to be sold via ASOS’ US site, according to a report published by WWD.
New Avon partners with Gyrl Wonder
New Avon has partnered with a professional pipeline initiative aimed at young women of color, known as Gyrl Wonder.
Walgreens Boots Alliance hunts for new CEO as Pessina steps down
Walgreens Boots Alliance has announced plans for a transition of leadership after Stefano Pessina informed the Board of his intention to step down from his role of CEO in favor of a role as Executive Chairman.
High demand for hygiene products offsets Unilever’s first-half sales slump
High demand for hygiene products has softened Unilever’s first-half sales fall, helped by Q2 underlying sales dropping 0.3 percent as opposed to analyst forecasts of 3.4 percent.
Gabrielle Union relaunches Flawless haircare line as all-Black owned and marketed brand
American Actress Gabrielle Union has relaunched her Flawless haircare range with hair stylist Larry J Sims, with the range now being ‘100% black.’
Caudalie opens first flagship spa in Toronto
French skincare brand Caudalie has announced the opening of its first flagship spa in Toronto, Canada.