OliX Pharmaceuticals secures KRW 110 billion investment from L’Oréal venture fund and Weiss Asset Management
OliX Pharmaceuticals has raised approximately KRW 110 billion through a strategic investment from BOLD, L’Oréal’s corporate venture capital fund, and U.S.-based Weiss Asset Management.
Waldencast sells Obagi Medical to Bridgepoint in deal worth up to US$460 million
Waldencast has agreed to sell its Obagi Medical dermatological skincare and aesthetics business to private equity firm Bridgepoint in a transaction valued at up to US$460 million.
Puig shareholders approve dividend and governance proposals following record 2025 performance
Puig has held its Annual General Meeting (AGM), with shareholders approving all proposals as the beauty group highlighted strong 2025 financial performance, reaffirmed its 2026 outlook and outlined plans for its next phase of growth.
Tokyo backs matcha production as global demand reshapes local tea industry
The Tokyo Metropolitan Government is supporting local tea farmers in shifting from traditional sencha production to matcha as international demand for powdered green tea continues to rise.
Unilever opens fragrance innovation hub in India to accelerate premium product development
Unilever has opened a new fragrance innovation hub in Mumbai, India, as part of its strategy to strengthen global R&D capabilities and accelerate the development of premium beauty, personal care and home care products.
No. 21 partners with Amuse for first South Korean beauty collaboration
Italian fashion brand No. 21 has partnered with K-beauty brand Amuse to launch a limited-edition makeup collection, marking its first cosmetics collaboration in South Korea.
ODDITY Tech reports Q1 sales decline as advertising disruption impacts growth
ODDITY Tech reported a 26% decline in first-quarter 2026 revenue as disruptions with its largest advertising partner increased customer acquisition costs, although the company said remediation efforts are showing early signs of improvement.
Macy’s raises full-year outlook as beauty and luxury divisions drive strong Q1 growth
Macy’s, Inc. reported its strongest first-quarter performance in four years and raised its full-year 2026 outlook, supported by growth across all nameplates, including strong performances from Bloomingdale’s and Bluemercury.
Kao expands Curél footprint in Europe with Netherlands launch
Kao has launched its sensitive skincare brand Curél in the Netherlands, marking the latest step in its strategy to expand its skincare and dermacosmetics business across the EMEA region.
WPP secures consolidated Natura and Avon LATAM marketing account
WPP has won a consolidated marketing account for Natura across Latin America, expanding its relationship with the Brazilian beauty and personal care group.
The Body Shop expands UK distribution through Lookfantastic partnership
The Body Shop has launched on Lookfantastic, marking the first time the British beauty brand has been available through a third-party retail platform in its home market.
LVMH appoints Sylvia Tournery to lead Sephora Collection growth strategy
LVMH has appointed Sylvia Tournery as President of Sephora Collection, placing the former L’Oréal executive in charge of Sephora’s proprietary beauty brand.
Ulta Beauty raises earnings outlook after strong Q1 beauty sales growth
Ulta Beauty reported strong first-quarter fiscal 2026 results, driven by growth across all major beauty categories and channels, while raising its full-year earnings outlook.
The Ordinary suspends free Brooklyn bus service days after launch
The Ordinary has suspended its free Brooklyn shuttle service just three days after launch, following questions over permitting requirements for the marketing initiative.
L’Oréal India awards media mandate worth up to Rs 1,200 crore to Zenith
L’Oréal India has appointed Zenith India as its new integrated media agency following a competitive review process, transferring a media account estimated to be worth between Rs 1,100 crore and Rs 1,200 crore.
Galeries Lafayette closes Beijing flagship store amid changing luxury retail landscape
French luxury department store Galeries Lafayette has closed its flagship Beijing location after 13 years, reflecting ongoing challenges in China’s luxury retail market.
Anua names Kendall Jenner as first global brand ambassador
Korean skincare brand Anua has appointed Kendall Jenner as its first-ever global brand ambassador and launched a worldwide campaign promoting its PDRN Collagen Glow Facial Serum Spray.
Rhode expands colour cosmetics portfolio with bronzer launch and summer collection
Hailey Bieber’s Rhode has expanded into the bronzer category with the launch of Pocket Bronze, part of its largest seasonal product release to date.
10Beauty raises US$23.5m to accelerate robotic manicure expansion
Robotic manicure company 10Beauty has secured US$23.5 million in new funding to support the rollout of its automated nail care technology across retail, hospitality and wellness channels.
Avon unveils bio-printed menopausal skin model to advance menopause-focused skincare research
Avon has launched what it describes as the world’s first 3D bio-printed menopausal skin model, reinforcing its repositioning in Latin America as a women’s health and femtech-focused brand.
Samyang Group acquires Japanese flavour and fragrance company Soda Aromatic
Samyang Group has agreed to acquire Japanese flavour and fragrance manufacturer Soda Aromatic as part of its strategy to expand its global specialty ingredients business.
IFF to sell Food Ingredients business to CVC in US$4.3bn portfolio reshaping deal
IFF has agreed to sell its Food Ingredients business to funds advised by CVC Capital Partners in a transaction valued at approximately US$4.3 billion as part of its ongoing portfolio transformation strategy.
Unilever invests US$270m in global beauty and personal care innovation centre
Unilever has announced plans to invest US$270 million in a new Global Innovation Centre in New Haven, Connecticut, to accelerate research and development across its beauty, personal care and wellbeing businesses.
JD.com explores potential £2 billion acquisition of UK retailer The Very Group
Chinese e-commerce company JD.com is reportedly considering a potential £2 billion bid for UK online retailer The Very Group as part of its continued expansion ambitions in the British retail market.
Revlon partners with Pokémon on limited-edition Ditto lip scrub collection
Revlon has partnered with Pokémon to launch a limited-edition collection of Kiss Sugar Scrub lip products inspired by the character Ditto and its iconic transformation mishaps.
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