Tarte Cosmetics marks 25th anniversary with Kindness Tour
Tarte Cosmetics has announced that it will mark its 25th anniversary with global, year-long tour featuring charity-driven activations in 25 cities to giveback to the communities that have contributed to the brand’s success.
Walmart offers stock grants in bid to incentivise store managers
Walmart has ushered in a new incentive aimed at incentivising and retaining its store managers. The US retail behemoth is offering stock grants that could amount to a considerable pay increase for those heading up the most successful stores.
NACD and e.l.f. Boost Board Diversity
The National Association of Corporate Directors (NACD), representing about 24,000 directors across the US, has partnered with e.l.f. Beauty.
Suave Brands Acquires ChapStick Brand
Yellow Wood Partners announced that Suave Brands Company will acquire the ChapStick brand from Haleon.
Jupiter Secures US$ 3M for Expansion
Jupiter, a premium hair and scalp care brand, secured US$3 million in an extended seed funding round with investments from Willow Growth Ventures and Springdale Ventures.
Target bets on wellness to boost sales; 1,000 wellness products hit shelves
Target is stocking its shelves with more than 1,000 wellness products to support its customers on their wellness journey. The new products span multiple categories from apparel to supplements and tech.
Native debuts whole body deodorant
Native has announced the launch of a line of deodorant sprays and sticks designed to offer odor protection for the whole body. Offering 72-hour freshness all-over, the products are designed for use on underarms, chest, underboob, privates and feet.
Burt’s Bees and Hidden Valley Ranch lip balm collab sells out in record time
First KFC, then Girl Scout Cookies and now Hidden Valley Ranch has bought its signature flavors to the beauty sphere. The salad dressing brand teamed up with Burt’s Bees to launch a limited edition range of lip balms based on the classic flavors of its Ranch, Buffalo Sauce, Crunchy Celery and Fresh Carrot sauces.
Neutrogena faces class action over preservative content
A class action lawsuit has been filed in a New York federal court alleging that Neutrogena’s T/Sal Therapeutic Shampoo is being falsely marketed as ‘preservative free’.
Schwarzkopf names Modern Family star Sofia Vergara as Global Ambassador
Schwarzkopf has named Sofia Vergara as Global Ambassador. The actor, best known for her role in Modern Family, will front the Henkel-owned brand’s What story will you tell? campaign this spring.
Pamela Anderson named as Co-founder and owner of Sonsie Skin
Minimalist skin care brand, Sonsie Skin has announced that Pamela Anderson will join the brand as Co-founder and owner. Together, the brand and Baywatch star will reinforce and amplify the brand’s commitment to crafting skin care solutions that embrace the individual.
Greg Renfrew returns to Beautycounter as CEO
Greg Renfrew has announced her return to Counter Brands to take the helm of Beuatycounter once more; she will resume her CEO title, effective February 1, 2024. Current interim CEO, Mindy Mackenzie will step down from her role, but continue to champion the brand as a member of the board.
P&G Q2 2024: sales up 3 percent but EPS drops 12 percent on back of Gillette writedown
Procter & Gamble has reported its results for the second quarter of fiscal 2024. The US-based FMCG manufacturer saw net sales rise 3 percent versus the prior year to US$21.4 billion. Organic sales increased 4 percent.
Kering Acquires Prime Fifth Avenue Retail Space
Kering, the luxury goods conglomerate, has purchased a significant property in New York City for USD 963 million (EUR 885 million)
Arkhouse Proposes Strategic Acquisition of Macy’s Inc
Arkhouse Management Co. LP, a significant stakeholder in Macy’s Inc., has publicly announced its interest in acquiring the retail giant.
Target Announces Key Leadership Changes for 2024
Target Corporation announces Michael Fiddelke as the new Chief Operating Officer, effective February 20
Revolutionary Magic Ink: Transforming Tattoo Artistry
Tattoo artist Keith “Bang Bang” McCurdy, famous for working with celebrities, has created a company, Hyprskn, to launch a new product called “Magic Ink.”
L’Oréal Canada Expands with ICON
L’Oréal Canada has announced that SalonCentric Canada, a subsidiary of the company, will acquire the operations of ICON SALON SYSTEMS, a privately owned full-service distributor based in British Columbia (BC).
Kim Kardashian to relaunch make-up range
Kim Kardashian has revisited her color cosmetics offer and is poised to relaunch her make-up line under the Skkn by Kim banner. The range is said to build upon her previous two make-up collections, drawing on the reality TV star’s extensive experience of near-daily glam throughout her 20-year career.
Cascadia acquires Threadstone Capital
Cascadia Capital has announced that it will acquire Threadstone Capital. Under the terms of the deal, Threadstone’s investment banking team will join Cascadia’s Consumer, Retail & E-commerce group. Financial terms were not disclosed.
Debut launches first beauty brand, Deinde to tackle ‘inflamm-aging’
L’Oreal backed incubator, Debut has unveiled its first beauty brand. Deinde as the new line has been dubbed is a skin care line comprising three products aimed at addressing trending concern, ‘inflammaging’.
Compass Diversified acquires The Honey Pot Company
Compass Diversified has announced that it has signed a definitive agreement to partner with The Honey Pot Company, purchasing a majority stake in the feminine care brand for an enterprise value of US$380 million.
Keratase names Sydney Sweeney as Global Ambassador
Keratase has named Sydney Sweeney as Global Brand Ambassador. The White Lotus star is poised to appear in two high-profile releases this year and is popular among Gen Z and millennial audiences.
Lancôme names Joy Sunday Global Ambassador
Lancôme has announced the appointment of Nigerian-American actor, Joy Sunday as Global Ambassador of the brand. The Wednesday star joins fellow faces of the L’Oreal-owned brand Emma Chamberlain, Amanda Seyfried and Julia Roberts.
Judge Dismisses Estee Lauder Lawsuit
A proposed class action lawsuit alleging that Estee Lauder’s virtual “try-on” tool violated Illinois’ biometric privacy law was dismissed by U.S. District Judge Lindsay Jenkins
Sephora Appoints New Chief Digital Officer
Anca Marola has been named the new global chief digital officer at Sephora, starting February 12.
Kosas Cosmetics Explores Potential Sale
Kosas Cosmetics, a Los Angeles-based makeup brand, is exploring sale options with the assistance of investment bank North Point.
Fund Manager Terry Smith Divests from Estée Lauder
Terry Smith, a UK fund manager, has sold his stake in Estée Lauder Cos. while retaining his holding in L’Oréal SA.
Juice Beauty Appoints New CEO
Juice Beauty has announced that Lance Patterson will replace Karen Behnke as the company’s Chief Executive Officer.
Walmart reinvents the shopping wheel; new commerce announced at CES
Walmart is planning to harness tech deliver a new type of commerce to the shoppers of the future – one that is customer centric, interconnected, frictionless and consistently exceeds expectations.
NYX to make Super Bowl debut
L’Oreal’s NYX Professional brand is celebrating its 25th anniversary with its first Super Bowl commercial. The 30-second ad will showcase the recently launched Duck Plump Extreme Plumping Gloss.
Whodunnit? Elf Cosmetics releases true crime parody
Elf Cosmetics has released a true crime parody documentary on Amazon Freevee. Cosmetic Criminals, as the show has been named, will also make its theatrical debut ahead of Paramount Pictures’ new Mean Girls movie at select AMC locations.
Revlon names Madelyn Cline Global Brand Ambassador
Revlon has named Madelyn Cline as a Global Brand Ambassador. The Netflix star joins Ashely Graham and Megan Thee Stallion as face of the brand.
Kose America names Vice President
Kose America has announced the appointment of Chinae Kim to the newly created role of Vice President. Kim will lead the company’s strategic marketing and sales efforts in North America.
St. Bernard Soap Co. Closing
St. Bernard Soap Co. has announced it will shut down operations by mid-March
Allergan Sues Revance Over Secrets
AbbVie’s Allergan unit is proceeding with a lawsuit against Revance Therapeutics, accusing them of using confidential data to compete in the anti-wrinkle injection and facial filler market.
Earth & Halo Pledges Graceful Aging
Earth & Halo introduces the “Pledge to Our Community,” aiming to redefine beauty standards by focusing on graceful ageing.
Walgreens Boots Alliance Sees Sales Growth
Walgreens Boots Alliance, Inc. (WBA) released its financial results for the first quarter of fiscal 2024, ending November 30, 2023.
Jaclyn Cosmetics becomes latest casualty of Forma Brands bankruptcy
Jaclyn Hill has announced that her make-up brand is closing ‘for the foreseeable future’. The YouTube influencer’s eponymous line is the latest casualty of the collapse of owner, Forma Brands.
Sephora unveils birthday gift offer for 2024
Sephora has unveiled its birthday gift offer for 2024 for US and Canada. The gifts are available to the LVMH-owned retailer’s Beauty Insider members during their birthday month and can be redeemed in store for free on online with a minimum purchase.
Charlotte Tilbury to hit shelves in Ulta Beauty stores across the US
Charlotte Tilbury is set to hit shelves in some 600 Ulta Beauty stores across the US. The Puig-owned brand will join Ulta’s make-up assortment, which includes fellow prestige brands Fenty Beauty and Pat McGrath.
Can a robot apply lashes? LUUM Precision launches beauty experience automation pilot with Ulta Beauty
LUUM Precision has announced the launch of its first commercial pilot with Ulta Beauty. The technology helps create personalized lash extensions via a combination of AI and robotics and is said to have invented an entirely new beauty category: beauty experience automation.
Influencers need not apply; True Botanicals names Jessica Chastain brand ambassador
True Botanicals has announced Jessica Chastain as its latest brand ambassador. The Oscar-winning actor will front a campaign for the brand’s recently launched Phyto-Retinol Sleep Serum.
Native launches collection inspired by Girl Scout cookies
P&G-owned Native has unveiled a limited edition range inspired by America’s Girl Scout Cookies. The collection comprises deodorant, body spray, body wash, shampoo and conditioner in a range of scents inspired by the popular baked goods.
Johnson & Johnson shareholders given green light for class action over talc cases
A US federal judge has granted shareholders permission to launch a class action lawsuit against Johnson & Johnson for allegedly hiding the asbestos content of its talc products. Johnson & Johnson continues to maintain that its products are safe and do not contain asbestos.
Wendy C. Arlin Joins Kohl’s Board of Directors
Wendy C. Arlin has joined Kohl’s Board of Directors as an independent director.
Luxe Brands signs licence for Khloe Kardashian fragrance line
Luxe Brands has announced that it will partner with Khloe Kardashian to launch a new fragrance line in the second half of 2024. The fragrance will be Khloe Kardashian’s first standalone scent – the reality television star has released perfumes together with her sisters in the past.
ELC’s venture capital arm buys minority stake in China’s Melt Season
The Estee Lauder Companies’ New Incubation Ventures is said to have acquired a minority stake in Chinese luxury fragrance brand, Melt Season. Financial terms of the deal were not disclosed.
Naomi Watts buys back her Stripes brand from bankrupt Amyris portfolio
Following Amyris’ bankruptcy, Naomi Watts is said to have acquired her brand, Stripes, at auction for US$500,000. The purchase was completed via Watts’ investment vehicle, Sakana, which lists the actor as Managing Member.
FDA unveils electronic registration and listing submission portal to ease MoCRA duties
The US Food & Drugs Administration (FDA) has issued final guidance for the industry on the requirement for cosmetic product facility registrations and product listings ushered in under the Modernization of Cosmetics Regulation Act, 2022 (MoCRA).
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