The Estee Lauder Companies has announced its results for the third quarter of fiscal 2022. The US prestige beauty giant professed its net sales growth of 10 percent yoy to US$4.25 billion a ‘strong’ performance amid market headwinds.
Madison Reed has announced that it has raised US$33 million in a funding round led by Sandbridge Capital, with participation from Marcy Venture Partners.
Sephora Korea is said to have reported a loss for the second year in a row, according to Korea Joongang Daily, leading the news outlet to speculate that the LVMH-owned retailer may be preparing to admit defeat and close stores in the Asian market.
Victoria’s Secret & Co has announced the launch of its Victoria’s Secret Beauty and PINK Beauty products in Amazon’s store.
Revlon has lost yet another General Counsel, according to a report published by Bloomberg Law, as Penny Tehrani-Littrell tendered her resignation after just three months heading up the US beauty giant’s legal team.
Coty has announced that it is calling time on its Russian operations, almost three months after the country invaded Ukraine, according to a report published by Reuters.
AmorePacific has reported its results for the first quarter of the current financial year. The K-beauty behemoth said that weak sales in Asian markets resulted in net profit tumbling 25 percent to KRW132.2 billion compared to last year’s figures, according to a report published by Yonhap News.
The UK Government has announced that it is planning to update the technical annexes to Regulation (EC) No 1223/2009 on Cosmetics Products in order to either prohibit the use of specific chemicals or reduce the permitted level.
Dow has announced that it has completed the mapping stage of Project Yba Conservation that Transforms, a critical milestone towards full implementation of the project.
L’Oréal Canada is encouraging Canadians to recycle their cosmetics and skin care products in Walmart Canada stores in partnership with TerraCycle.
The European Commission has published a Restrictions Roadmap, detailing all ongoing work on future restrictions under the EU chemical legislation.
The UK Food Standards Authority (FSA) has given businesses until May 26, 2022 to submit evidence that their products are linked to a credible application and were on the market before February, 2020.
Sederma has announced the launch of a website dedicated to Matrixyl. The site is designed to help consumers, individuals and professionals discover the ingredient and its wrinkle-busting powers.
Indonesia’s finance minister told Reuters that, although she was aware it would hit other countries hard, the country’s palm oil export ban was ‘necessary’ in order to bring down the cost of cooking oil domestically.
Unilever has announced its results for the first quarter of fiscal 2022. The manufacturer of Dove reported underlying sales growth of 7.3 percent, with 8.3 percent from price and volume down 1 percent. All divisions grew strongly, the UK-based FMCG manufacturer said. Turnover increased 11.8 percent to €13.8 billion.
Actress Lily Collins has been announced as the new face of Living Proof haircare.
Oriflame is being hit by the repercussions of Russia’s invasion of Ukraine, with Russia cutting of gas to Poland, said to have a large impact on cashflow generation, according to IFR.com.
Symrise has reported a Q1 sales rise of 14.9 percent to €1.09 billion, up from 949.6 million euros in the prior year, according to Nasdaq.
Charlotte Tilbury Beauty announces three-year partnership to support The Prince’s Trust Enterprise Programme
Charlotte Tilbury Beauty has announced a three-year partnership with The Prince’s Trust to to provide significant funding to create a multi layered programme of support for The Prince’s Trust Enterprise Programme.
U.S. buyout firm Apollo Global and India’s second-richest man Mukesh Ambani’s Reliance Industries firm are said to be joining forces to place a bid for Boots, according to the Financial Times.
The Estée Lauder Companies has elected Arturo Nuñez to its Board of Directors, who will also join the company’s Audit Committee.
Net-a-Porter is dipping its toe in the fine art world via a partnership with online platform AP8, with art being sold via Net’s homeware category beginning 2nd May, according to WWD.com.
Victoria’s Secret is targeting the tween market with the launch of its new fully digital brand, Happy Nation.
L’Oréal celebrates 25 years as official partner of the Festival de Cannes; reinforces commitment to supporting women who make cinema
L’Oréal has celebrated 25 years as the official partner of Festival de Cannes, returning to the festival to reaffirm its commitment to supporting women who make cinema.
Shiseido Middle East has entered into a long-term strategic partnership with Emirati Designer Yasmin Al Mulla, which aims to bolster the position of Shiseido’s premium skincare collection, Future Solution LX, according to About Her.