Estée Lauder’s Brush with Cybersecurity
The Estée Lauder Companies Inc. has experienced a cybersecurity incident involving unauthorised third-party access to specific systems
Coty’s Cosmetics Cleanup: Trimming the Wella Stake
Coty Inc. is selling a portion of its Wella stake to IGF Wealth Management. The deal involves a 3.6% stake in Wella, which Coty sells for $150 million
Sephora’s Makeover: China Edition – Eyeing €20 Billion Look
LVMH-owned cosmetics retailer, Sephora, is contemplating a shake-up of its China operations to reach an aggressive sales target in the coming years.
J&J Strikes Back: Researchers Sued Over Talc-Cancer Connection Claims
Johnson & Johnson (J&J) is suing four researchers who reported a correlation between talc-based products and cancer.
BASF Cuts Forecast Amid Slowdown
Chemical giant BASF SE has lowered its annual earnings forecast, attributing this decision to weak global industrial output and lagging consumer product demand.
Kendall Jenner Soars to New Heights as L’Oréal Paris’ Global Ambassador
Supermodel Kendall Jenner has been announced as the new global ambassador for L’Oréal Paris, with her debut campaign launching in September.
Lelio Gavazza Appointed as New CEO of TOM FORD FASHION
Ermenegildo Zegna N.V. has announced the appointment of Lelio Gavazza to the newly created CEO role at TOM FORD FASHION.
H&M Announces Expansion into Brazil by 2025
Fashion retailer H&M has revealed plans to expand its presence into Brazil by 2025, encompassing physical stores and an online platform
Sasa International’s Turnover Surges Amidst Travel Rebound
Sasa International, a beauty retailer based in Hong Kong, experienced a 30.9% upswing in turnover for the quarter ended June 30.
Essity Finalises Russian Market Divestment
Essity, a renowned hygiene and health company, has concluded the divestment of its operations in Russia, thereby exiting the Russian market.
Coty Inc. Refinances $2.0 Billion Credit Facility
Coty Inc. has refinanced its $2.0 billion revolving credit facility.
Empower Global: A New Platform Amplifying Black-Owned Businesses
Sean “Diddy” Combs has initiated Empower Global, a digital marketplace catering exclusively to Black-owned businesses.
H&M Expands Beyond Apparel
Fast-fashion retailer H&M is diversifying its portfolio beyond clothing. In response to stagnant sales, the company is expanding into beauty products and housewares and offering products from third-party brands.
Shopify’s Tool Targets Costly Meetings
Shopify, the Canadian e-commerce platform, has launched a meeting cost calculator for its employees.
Grown Alchemist Arrives in China
Australia’s Grown Alchemist is bringing its skincare products to China through a partnership with Sephora China.
Maybelline Grapples with Public Backlash Over Inclusive Advertising
L’Oréal-owned Maybelline is criticised for featuring bearded makeup artist Ryan Vita in an advertisement, following a similar controversy involving transgender influencer Dylan Mulvaney.
Revolution Beauty in Leadership Transition
Bob Holt, CEO of UK-based Revolution Beauty, is reportedly prepared to step down if a settlement is reached with major shareholder Boohoo regarding changes to the board.
Superdrug Thrives Amidst Economic Headwinds
Superdrug, one of the UK’s leading health and beauty retailers, has announced strong financial results for 2022. With sales soaring by 17% to reach £1,367 million.
Indonesian Halal Cosmetics Ascend, Challenging Global Brands
Indonesian cosmetics firms, Esqa and Rose All Day Cosmetics (RADC), are capitalizing on the rising demand for halal and vegan products.
Avon Launches Tender Offer in Financial Restructuring Move
Avon Products, Inc. has decided to commence a tender offer for all its outstanding 6.950% Notes due 2043.
Is Kim Kardashian poised to buy back Skkn by Kim stake from Coty?
Kim Kardashian is said to have entered negotiations to repurchase the minority stake in her Skkn by Kim brand that was signed over to Coty in 2020, according to a report published by The Wall Street Journal.
Hong Kong International Airport launches metaverse
Together with JCDecaux Transport, Hong Kong International Airport has announced the launch of its first metaverse. The campaign kicked off on July 6 and runs through August 31, 2023 offering brands an immersive virtual world through which they can engage international visitors and local travellers.
Trans woman named Miss Netherlands
Rikkie Valerie Kolle has become the first trans woman to win the Miss Netherlands title, according to a report published by the New York Times.
Taliban orders closure of all beauty salons in Afghanistan
The Taliban has ordered that all beauty salons in Afghanistan must close their doors for good next month, according to a report published by The Wall Street Journal.
IRL is back: Sephora to debit hybrid format for SEPHORiA 2023
Sephora has announced that its SEPHORiA: House of Beauty event will take place as a hybrid virtual and in-person event this year. The LVMH-owned retailer’s annual exhibition was held originally as an in-person event before switching to a virtual platform during and following the pandemic.
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