Meta to open first bricks and mortar store
Facebook-owner, Meta Platforms is gearing up to open the doors on its first bricks and mortar location, according to a report published by Reuters.
Helen of Troy snaps up Curlsmith owner as textured hair care sales boom
Helen of Troy has announced the acquisition of Curlsmith-owner, Recipe Products for a total consideration of US$150 million in cash, net of cash acquired.
Johnson & Johnson Q1 2022: sales inch up 5 percent
Johnson & Johnson has reported its results for the first quarter of fiscal 2022. The US manufacturer of baby care products saw sales swell 5 percent to US$23.4 billion, with operational growth of 7.7 percent. Earnings per share dropped 16.8 percent to US$1.93.
Vaseline launches database of conditions on skin of color
Unilever-owned Vaseline has teamed up with HUED and VisualDx to launch See My Skin, a database of skin conditions shown on skin of color with a view to improving g healthcare outcomes for people of color.
Farfetch expands into beauty space
Farfetch has announced its launch into the beauty category across its companies, Browns, farfetch.com and Off-White.
P&G Q3 2022: sales up 7 percent to US$19.4 billion
Procter & Gamble has reported its results for the third quarter of fiscal 2022. The US FMCG giant saw net sales rise seven percent versus the prior-year period to hit US$19.4 billion.
Phoenix Flavors & Fragrances acquires Innovative Fragrances Inc
Phoenix Flavors & Fragrances has announced the acquisition of Innovative Fragrances Inc.
Inter Parfums’ to let Dunhill fragrance license expire
Inter Parfums has announced that its Dunhill fragrance license will expire at the end of September this year, and will not be renewed.
Estee Lauder celebrates women in Ramadan campaign staring Saudi ballerina Samira Al-Khamis
Estee Lauder is celebrating women during women with its new campaign named Reach for the Stars, which features three prominent Arab women, according to Arab News.
Bed, Bath & Beyond Q4 2021: sales dive 12 percent amid supply chain challenges
Bed, Bath & Beyond has reported its results for the final quarter of 2021. The US retailer saw comparable sales drop 12 percent, impacted by ongoing supply chain and inventory availability challenges.
Sally Beauty launches third accelerator program
Sally Beauty has launched its third Cultivate Accelerator Program, which is designed to find, launch and support small businesses creating innovative products within the hair care, hair color, styling tool and nail categories.
Procter & Gamble names Jon Moeller Chairman of the Board
Procter & Gamble has named Jon R Moeller as Chairman of the Board. Moeller assumes the position in addition to his role as President and CEO of the company. The Board of Directors has also reappointed Joseph Jimenez as Lead Director.
Etsy sellers strike over new fees for marketplace
A number of sellers on Etsy, the crafts-based marketplace, are closing their digital doors this week in protest over some changes due to be ushered in by the e-commerce site in order to compete against the likes of Amazon, according to a report published by The Wall Street Journal.
Paris Jackson named face of KVD Beauty in first entry into the beauty world
US Model and Singer Paris Jackson has entered the beauty world having been named as the face of KVD Beauty.
Class Action states CoverGirl TruBlend Pressed Powder contains unsafe levels of ‘Forever Chemicals’
lass action claims that Coty-owned CoverGirl’s TruBlend Pressed Powder contains per- and polyfluoroalkyl substances (PFAS) – sometimes known as Forever Chemicals’ – and is therefore unsafe for use.
The Body Shop tackles plastic crisis with in-store refill system
The Body Shop has announced an ambitious five-year plan to roll out refill stations in the majority of stores globally in an attempt to reduce plastic use and become the most sustainable business possible.
Oway launches in the US
Oway has announced its official US launch. Claimed to be the first professional cosmetics brand to reach 99 percent plastic free packaging and formulated with biodynamic materials, the sustainable hair care line is hoping to be a hit with American salons.
Rodan + Fields to pay out US$38 million to settle Lash Boost suits
Rodan + Fields has offered to pay US$38 million in order to settle a series of class action lawsuits surrounding its Lash Boost product.
The Estee Lauder Companies names Decoded Agency of Record
The Estee Lauder Companies has named S4 Capital-owned Decoded Advertising as its Media Agency of Record, according to a report published by AdWeek.
Millennial Brands secures US$35 million capital commitment from Global Emerging Markets Group
Middle East-based consumer brand Millennial Brands has secured US$35 million capital commitment from New York-based Global Emerging Markets Group (“GEM”).
Deciem marks ninth anniversary; discontinues brands HIF, Hylamide, Abnomaly, and The Chemistry Brand
Deciem has announced it is to discontinue brands HIF, Hylamide, Abnomaly, and The Chemistry Brand as it marks its 9th anniversary.
Kim Kardashian closes down KKW Fragrance ahead of relaunch
Kim Kardashian has closed down her KKW Fragrance brand ahead of a relaunch that will include new branding and name.
Johnson & Johnson to become latest personal brand to halt sales in Russia
Johnson & Johnson (J&J) is to become the latest brand to halt sales in Russia following its invasion of the Ukraine, and will no longer sell personal care products in the country, according to a report by Reuters.
e.l.f. Cosmetics teams up with Dunkin’ on beauty collaboration
e.l.f Cosmetics has teamed up with Dunkin’ on a doughnut-inspired beauty range.
Revlon ups revolving credit facility by up to US$25 million
Revlon has entered into an Amendment No.9 to its 2016 Asset-Based Revolving Credit Agreement in order to temporarily increase the borrowing base by up to US$25 million until September 29, this year.
Unilever recalls Suave deodorants after benzene detected
Unilever has announced a voluntarily recall of two Suave 24-hour Protection Aerosol Antiperspirants after an internal review showed slightly elevated levels of benzene in some product samples.
EWG applauds Biden’s FDA budget
The Environmental Working Group has issued a statement applauding President Joe Biden for making the safety of chemicals in food and cosmetics a priority for the Food and Drug Administration’s budget for fiscal 2023.
Macy’s appoints Marie Chandoha and Jill Granoff to its Board
Macy’s has announced the appointment of Marie Chandoha and Jill Granoff to its Board of Directors, effective immediately.
Walgreens Boots Alliance Q2 earnings beat estimates
Walgreens Boots Alliance (WBA) has reported second quarter earnings per share (EPS) from continuing operations of US$1.02, a YOY decrease compared with an EPS of US$1.06.
Cresco Labs set to acquire Columbia Care Inc to become the top US cannabis producer
Cresco Labs is set to become the biggest cannabis producer in the US with the acquisition of rival Columbia Care Inc in a US$2 billion deal – one of the biggest in the industry, according to Reuters.
Country singer Kelsea Ballerini announced as the new face of CoverGirl
Country singer Kelsea Ballerini has been announced as the new face of Coty-owned CoverGirl.
Shopify partners with nine climate tech start-ups via Sustainability Fund
Shopify is supporting nine new entrepreneurial, tech-driven companies through its Sustainability Fund, bringing its total carbon removal purchase commitment to US$32 million.
Beiersdorf Canada names Razorfish its digital Agency of Record
Beiersdorf Canada has named Razorfish as it’s digital Agency of Record (AOR) following a competitive Request for Proposal (RFP), according to Strategy.
Data research and insights company Launchmetrics acquires competitor media planning firm DMR Group
Fashion, luxury and beauty data research and insights company Launchmetrics has acquired competitor media planning firm DMR Group, according to WWD.com.
P&G apologises for ‘sexist’ WeChat ad
Procter & Gamble has backtracked on a campaign it ran on Chinese social media platform WeChat that claimed that women’s feet smell worse than men’s, according to a report published by the South China Morning Post.
Estee Lauder named as exclusive beauty partner for Decentraland’s metaverse fashion week
Estee Lauder was named as the exclusive beauty brand participating in Decentraland’s Metaverse Fashion Week.
Biotherm commits to ‘Blue Beauty’ strategy
L’Oréal-owned Biotherm has announced that it is dedicating itself to Blue Beauty, which it defines as ‘beauty that comes from water and gives back to it’.
Prose teams up with Breezometer to combat pollutants that kill hair
Custom hair care brand Prose has teamed up with BreezoMeter in order to collect data about micro-local pollution levels that impact an individual’s hair and scalp.
Better & Better announces US$4 million funding
Better & Better has announced that it has raised US$4 million in funding in a round led by newly-founded global fund Fifth Quarter Ventures, supported by Will Smith and Keisuke Honda’s Dreamer’s Fund, among others.
Cellular Goods hires former P&G employee as Chief Supply Chain Officer
CBD manufacturer, Cellular Goods has announced the appointment of Nikhil Vijayan to the newly created position of Chief Supply Chain Officer, according to a report published by The Morning Star.
Essie partners with Project UnLonely to help tackle ‘epidemic of loneliness’
Essie has announced its philanthropic partnership in the US with The Foundation for Art & Healing’s Project UnLonely.
Decentraland debuts virtual fashion week
Decentraland has launched what it is claiming to be the first fashion week to be held in the metaverse. The virtual reality platform will showcase new clothing collections from assorted brands this week, according to a report published by Dezeen.com.
L’Oréal Canada creates two strategic leadership roles
L’Oréal Canada has announced the creation of two new strategic leadership roles. Effective immediately, Solenne Lafeytaud has been named Vice President and Chief Corporate Affairs and Engagement Officer and Marie-Evelyne Francois appointed Chief Diversity, Equity and Inclusion Officer.
Is Rihanna’s Fenty Beauty set to enter the Metaverse?
Rihanna’s Fenty Beauty brand is rumoured to be entering the metaverse, with the star filing a trademark to sell the products as virtual cosmetics.
Estée Lauder settles lawsuit with three former staff over automated interview process used to sack them
Estée Lauder has settled a lawsuit brought against it by three former staff after the company used an automated process to fire them, according to City A.M.
Target unveils most sustainable store to date; first Net Zero Energy location
Target has announced the opening of its most sustainable store to date. The site will generate more renewable energy than it needs to operate and will test multiple innovations to reduce the building’s emissions.
Neiman Marcus publishes first ESG report
Neiman Marcus Group has published its first Environmental Social Governance Report, titled, Our Journey to Revolutionize Impact. The paper outlines the department store chain’s 2025 ESG strategy and shares progress to date.
Kao, L’Oréal and Natura &Co are named on World’s Most Ethical Companies list 
Kao, L’Oréal and Natura &Co are just some of the cosmetics companies named on the 2022 World’s Most Ethical Companies Honoree List
Canadian department store Hudson Bay bids for Kohl’s
Canadian department store Hudson Bay is said to be bidding for Kohl’s Corp, according to a source…
L’Oréal receives Moody’s first-time long-term rating of Aa
L’Oréal U.S.A has announced it has received a Long-Term Issuer Credit rating of AA from Standard and Poor’s and an Issuer Rating of Aa1 from Moody’s.
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