Chanel announces Stephane Blanchard as President of U.S. Region and Chanel Inc.
Chanel has appointed Stephane Blanchard as President of the U.S. region and Chanel Inc, effective 1st September, according to a report by WWD.com
Actress Molly Sims launches cosmetics brand YSE Beauty
Actress Molly Sims has announced the launch of her new brand YSE Beauty, of which she is Founder and Chief Creative Officer.
Anti-trans campaigners threaten a boycott over Maybelline sponsorship deal with transgender social-media influencer Dylan Mulvaney
Anti-trans social media users have pushed back against L’Oréal-owned Maybelline’s partnership with trans TikTok star Dylan Mulvaney.
The Estée Lauder Companies Vice Chairman Sara Moss announces retirement plans
The Estée Lauder Companies has announced that Vice Chairman Sara Moss will be retiring from her position effective 1 July, 2023.
Sephora announces national collection program Beauty (Re)Purposed
Aiming to reduce the amount of packaging going to landfill, Sephora has announced a new nationwide empties program in the U.S. named Beauty (Re)Purposed, according to a report by Glossy.
Johnson & Johnson’s Kenvue valued at US$40 billion as it prepares to float
Johnson & Johnson’s Consumer Health unit, Kenvue has been valued at US$40 billion as it prepares to list later this year. The manufacturer of Aveeno hopes to raise some US$3.5 billion via the IPO, according to a report published by CNBC quoting the Wall Street Journal.
P&G Q3 2023: Organic sales rise 7 percent, EPS up 3 percent
Procter & Gamble has announced its results for the third quarter of fiscal 2023. The US FMCG giant saw net sales rise 4 percent yoy (organic sales grew 7 percent) to hit US$20.1 billion. Diluted net earnings per share were US$1.37, up 3 percent versus the prior year period.
Bed, Bath & Beyond on brink of bankruptcy once more
Bed, Bath & Beyond is once again preparing to file for Chapter 11 proceedings, according to a report published by The Wall Street Journal.
Johnson & Johnson Q1 2023: Sales up 5.6 percent to US$24.7 billion
Johnson & Johnson has announced its results for the first quarter of fiscal 2023. The company reported sales growth of 5.6 percent bringing total revenue to US$24.746 billion, although net earnings dropped into negative territory due to a one-time charge.
Kim Kardashian’s private equity firm bolsters leadership with Wall Street talent
Kim Kardashian-owned private equity firm SKKY Partners has hired a slew of Wall Street financial industry professionals, including a new Chief Operating Officer Kaitlin May.
Revolution Beauty expands foothold in the US; launches new collection into Walmart
Revolution has launched a new collection into Walmart in the U.S.
KraveBeauty to support sustainable-focused content creators with new US$15,000 Anti-Consumer Grant
KraveBeauty has announced a new US$15,000 Anti-Consumer Grant in a bid to support sustainability-focused content creators.
Ulta’s settlement offer in wage dispute slammed as ‘too low’ by judge
A US$1.5 million settlement proposed by Ulta Beauty in a case bought against the US cosmetics retailer by a group of employees has been roundly rejected by a Californian federal judge, according to a report published by Law360.
The Estee Lauder Companies cuts ribbon on Romanian tech center
The Estee Lauder Companies has announced the grand opening of a new Technology Center in Bucharest, Romania. Located in the city’s old town, the new office boasts state-of-the-art technology and will serve as a collaborative space to facilitate strategic thinking.
Unilever CEO named to Accenture Board
Unilever CEO, Alan Jope has been named to Accenture’s Board of Directors, effective immediately. Jope will be subject to re-appointment at the next Accenture AGM and has been nominated to serve on the board’s Nominating, Governance & Sustainability Committee.
Saint Laurent launches a film-making arm
Saint Laurent has opened a film production company named Saint Laurent Productions, according to a report published by Variety. The initiative is said to be the darling of Artistic Director, Anthony Vaccarello.
Procter & Gamble Appoints Sheila Bonini and Rob Portman to Board of Directors
Procter & Gamble has appointed Sheila Bonini, and Rob Portman to the company’s Board of Directors.
Sampler acquires digital sampling agency Abeo
Product sampling platform Sampler has acquired digital sampling agency Abeo from Arcade Beauty, which primarily works in the beauty industry.
Landing International joins forces with ClearForMe to create transparency in the beauty industry
Landing International joins forces with ClearForMe in a partnership that will allow the two companies to integrate technologies and create greater inclusivity in the beauty industry.
Coty announces Caroline Andreotti as Chief Commercial Officer for Prestige
Coty has announced the appointment of Caroline Andreotti as its Chief Commercial Officer (CCO) for Prestige.
US States lining up to ban PFAS
Several US states are considering ushering in a ban on the use of so-called ‘forever chemicals’ in cosmetics, according to a report published by the Associated Press.
Carbonwave closes US$5 million funding round
Carbonwave has announced an initial closing of its US$5 million Series A funding round led by Mirova. Viridios Capital, Popular Impact Fund and Katapult Ocean also participated in the round.
Health Canada consults on fragrance labelling regulations
Health Canada has launched a consultation on its proposal to mandate the disclosure of fragrance-based allergens on cosmetics labels, according to a report published by Lexology. The consultation is open to the industry, stakeholders, consumers and the public until April 22, 2023.
Revlon lays out reorganization plan
Revlon has announced that the US Bankruptcy Court for the Southern District of New York has confirmed its reorganization plan. The plan will see the US make-up manufacturer emerge from bankruptcy at the end of the month.
P&G to close down Opte
Procter & Gamble is winding down its smart make-up device, Opte, according to a report published by Bloomberg. The brand is no longer accepting new orders or refill orders and subscriptions ended in January.
Johnson & Johnson company loses appeal to delay a court order that aims to dismiss bankruptcy
Johnson & Johnson (J&J) subsidiary LTL Management has lost an appeal to delay a court order dismissing its bankruptcy, according to a report by Reuters.
L’Oréal Canada launches product impact labelling system
L’Oréal Canada has launched a product impact labelling system, which provides consumers with science-based, transparent information about a product’s environmental and social impact, compared to other L’Oréal products in the same category.
The Body Shop US expands refill program to include make-up products with launch of new lipstick
The Body Shop US has expanded its Refill Revolution program to include make up, with the launch of Peptalk Lipstick, which comes in a refillable case made from 100 percent aluminium.
Coty’s new Gucci fragrance becomes world’s first globally distributed fragrance manufactured using 100 percent carbon-captured alcohol
Coty-owned Gucci has launched a new fragrance named Where My Heart Beats, which is reported to be the first globally distributed fragrance manufactured using alcohol from 100 percent recycled carbon emissions.
Sephora names Sandra Rimbot as Global Chief Human Resources Officer
Sephora has announced the appointment of Sandra Rimbot as Global Chief Human Resources Officer, according to a report by WWD.com.
Unilever’s emissions rise as demand for deodorants booms in US
Despite its ambitious sustainability agenda, Unilever has reported a 2 percent increase in greenhouse gas emissions thanks to a rising use of personal care products such as deodorant and hairspray in the wake of the pandemic, according to a report published by Bloomberg.
Elf Beauty debuts collab with American Eagle
Elf Beauty has teamed up with American Eagle to launch a first-of-its-kind make-up and skin care collection. The US cosmetics brand’s first fashion collab and the denim label’s first beauty collab is a limited edition, denim-inspired collection.
L’Oréal prevails in class action over Paris labelling
L’Oréal has succeeded in having a class action lawsuit that claimed the French beauty giant’s use of the word ‘Paris’ was misleading dismissed, according to a report published by Reuters.
250 new locations for Sephora at Kohl’s announced
Kohl’s has announced the 250 stores that will be adding the full-sized 2,500 sq ft Sephora at Kohl’s experience in 2023. The new additions will bring the total to more than 850, in line with the partnership’s original planned rollout.
Clorox puts VMS up for sale
Clorox is said to be seeking a buyer for its vitamins business, VMX, according to a report published by Reuters quoting ‘people familiar with the matter’.
Cerberus acquires Forma Brands for US$690 million debt relief
Cerberus Capital Management and Jefferies Finance have agreed to acquire Morphe owner, Forma Brands for US$690 million in debt relief, according to a report published by Bloomberg.
Kim Kardashian files trademark for daughter North West’s own skincare line
Kim Kardashian has filed four trademarks for her daughter North West, aged 9, for a skincare line and toy range, according to the U.S. Sun.
The Estée Lauder Companies names Sam Cheow as Senior Vice President Global Trends and Makeup Product Development & Innovation Portfolio
Sam Cheow has been named as The Estée Lauder Companies Senior Vice President, Global Trends and Makeup Product Development & Innovation Portfolio.
Walgreens Boots Alliance Q2 sales beat expectations
Walgreens Boots Alliance has beaten analyst expectations with its 2023 Q2 profit and sales results, with second quarter sales increasing 3.3 percent YOY, to US$34.9 billion, up 4.5 percent on a constant currency basis.
Snap Inc acquires 3D scanning studio Th3rd
Snap Inc has acquired 3D-scanning studio Th3rd in the second quarter of 2022, according to a report by Tech Crunch.
XWELL launches AI-powered express manicure at US-located airports
XWELL has debuted its AI-powered express manicure at John F. Kennedy International Airport (JFK) in New York City.
Sally Beauty launches teaching salon and retail concept with ‘education-first’ mindset
Sally Beauty has launched a new consumer driven DIY hair salon named Studio By Sally’s in Denton, Texas, which aims to ‘engage, educate and empower.’
Johnson & Johnson to appeal to US Supreme Court to rescue Texas two-step plan
Johnson & Johnson has revealed that it is set to petition the US Supreme Court in a last-ditch attempt to channel tens of thousands of talc suits through a subsidiary via bankruptcy proceedings, according to a report published by Reuters.
P&G confirms data breach
Procter & Gamble has confirmed that it is one of the companies affected by a data breach of the GoAnywhere MFT file-sharing platform. As part of this incident, an unauthorized third party obtained some information about P&G employees.
Garnier partners with Loop to launch 100 percent upcycled bottle
Garnier has announced that it is launching its Miceller Cleansing Water in a limited edition 100 percent upcycled bottle in partnership with Loop. The sustainably packaged product will be available exclusively at Ulta.
True Botanicals announces Series B investment from NextWorld Evergreen
True Botanicals has announced a Series B investment from NextWorld Evergreen. Financial terms were not disclosed.
Tree Hut pops up in New York
Gen Z darling, Tree Hut hosted a pop-up in New York City last weekend. The body care brand created whimsical installations featuring bold colours to showcase its range and true to its digital roots, the event boasted its own hashtag.
US Supreme Court throws out P&G gender bias case
The US Supreme Court has refused to hear a gender bias case brought against Procter & Gamble by a former employee, according to a report published by HR Drive.
LG H&H Americas names new female leadership roles
LG H&H Americas has announced two new female leadership appointments. Hyeyoung Moon has been named CEO of LG H&H Americas, the first woman to scoop the coveted leadership role, while Liza Maldonaldo will lead US Avon field sales as Head of Direct Selling for US, Puerto Rico and Caribbean.
The RealReal winds down beauty business to prioritise its luxury consignment business
Resale site The RealReal is winding down its beauty business in a bid to refocus on its luxury consignment business and reallocate resources from its direct business, according to a report by WWD.com.
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