Luxury, sustainability and skin care the priority as Coty unveils growth acceleration strategy
Coty has unveiled its long-term strategy, underpinned by six priorities for sustainable growth. The initiatives build on the actions taken by the US beauty behemoth over the past year that have accelerated its shift to sustainable and profitable growth.
L’Oréal appoints new CDO as Lubomira Rochet defects to JAB
L’Oréal’s Chief Digital Officer, Lubomira Rochet, has tendered her resignation after seven years with the company. The French beauty giant has announced Asmita Dubey as her successor, effective immediately.
Lizzo bares all for Dove’s Self Esteem Project
Unilever-owned Dove has partnered with Lizzo, Shonda Rhimes, Megan Crabbe and Nyome Nicholar-Williams for the latest incantation of its #DoveSelfEsteemProject, which aims to make social media a more body positive space for the next generation, according to a report published by Us.
Beiersdorf to shutter Cleveland plant; 134 jobs at risk
Beiersdorf has notified the Tennessee Department of Labor and Workforce Development that it will be closing its Coppertone plant in Cleveland, Tennessee, resulting in permanent layoffs for all staff, according to a report published by Powder & Bulk Solids.
P&G announces price hikes as sales up 5 percent in Q3
Procter & Gamble has announced its results for the for the third quarter of fiscal 2021. Net sales rose 5 percent versus the prior year, the US FMCG giant said, with diluted net earnings up 13 percent at US$1.26 per share.
Coty achieves sustainability goal; earns C2C certification for Lancaster suncare range
Coty’s Lancaster new Sun Sensitive line has received a Silver C2C Certified Material Health Certificate from the Cradle to Cradle Product Institution.
Johnson & Johnson reports $100 million in Q1 sales; consumer unit down YOY
Johnson & Johnson has reported a Q1 sales increase of 7.9 percent year on year to €18.5bn (U.S. $22.3bn), however, its consumer health division was down 2.3 percent annually.
Walgreens Boots Alliance launches No7 brand as separate company
Walgreens Boots Alliance has announced the launch of Boots’ flagship premium own label, No7 as a separate company. No7 Beauty Company is being touted as a consumer-led beauty business creating ‘trusted, affordable beauty brands for every skin type, ethnicity, age and texture’.
LA jury delivers US$4.8 million verdict against talc supplier
A civil jury verdict in Los Angeles County has found in favor of a 78-year-old mesothelioma victim, ordering talc supplier Whittaker Clark & Daniels to pay US$4.8 million in compensation.
Procter & Gamble announced as Major League Soccer sponsor
Procter & Gamble is joining MLS as the league’s newest sponsor. The pair have announced a multi-year and multifaceted sponsorship deal.
Sally Beauty to roll out new hair colors
Sally Beauty is going big on color. The omni channel hair color retailer is set to add some 60 shades to its already extensive collection this season across its popular brands, including Ion, Iroiro and Color Lux.
Amyris bets on AI with acquisition of Beauty Labs
Amyris has announced that it has agreed to acquire Beauty Labs International. Terms of the deal have not been disclosed.
The Carlyle Group acquires majority stake in clean beauty brand Beautycounter
Global investment firm The Carlyle Group has acquired a majority stake in clean beauty brand Beautycounter from parent company Counter Brands.
Glossier names former L’Oréal exec Kleo Mack as new Vice President of Brand
Glossier has named former L’Oréal executive Kleo Mack as its new Vice President of Brand, effective 19th April.
The next P&G? Honest Co files for IPO as clean beauty booms
Jessica Alba’s CPG company, The Honest Company has filed a Form S-1 Registration Statement with the United States Securities and Exchange Commission.
New L’Oréal facility in New Jersey gets green light
L’Oréal has received planning permission to construct a research and development hub in Clark, New Jersey, according to a report published by local news site, Tap into Clark.
Henkel announces new Board Member as Schwarzler steps down
Henkel has announced that Wolfgang König, currently Category President Kellogg North America, will join its Henkel Management Board as Executive Vice President for the Beauty Care business, effective June 1, 2021.
Target pledges to spend more than US$2 billion with Black-owned businesses by 2025
Target has announced that it will spend more than US$2 billion with Black-owned businesses by the end of 2025. The US retailer has committed to add products across its multi-category assortment from more than 500 Black-owned companies.
Revlon lenders petition judge to release frozen funds
The Revlon lenders battling with Citigroup to retain some US$500 million paid over in error have argued that they should be free to use the money as they see fit, according to a report published by Reuters.
The Estee Lauder Companies announces retirement of EVP, Global Communications
The Estee Lauder Companies has announced the planned retirement of Alexandra Trower, Executive Vice President, Global Communications, on July 1, 2021. Her successor is yet to be announced.
Sally Beauty to stock all four Cultivate Cohort brands
Sally Beauty has announced that all four brands selected for its accelerator program, Cultivate, will be stocked on its website and CosmoProfBeauty.com.
Amyris names Reese Witherspoon Global Brand Ambassador for Biossance
Amyris has announced a five-year partnership with Reese Witherspoon as Global Brand Ambassador for its Biossance brand.
Forsythe Cosmetics President charged for violating Iran sanctions
The President of Forsythe Cosmetics Group, Michael Rose has been charged for his supposed involvement in a plan to skirt US economic sanctions on Iran, according to a report published by Reuters.
Kim Kardashian to follow in footsteps of Kylie Jenner with new skincare line SKKN by Kim
Kim Kardashian is set to follow in the footsteps of her younger sister Kylie Jenner, with the imminent launch of a new skincare line, named SKKN by Kim.
e.l.f. Cosmetics joins forces with Jen Atkin on new beauty range
e.l.f. Cosmetics has joined forces with haircare expert and Ouai Founder Jen Atkin on the new e.l.f. xx Jen Atkin Collection.
Afterpay launches ‘top-up’ program to promote sustainable shopping
Buy now, pay later provider Afterpay has launched a top-up program that allows customers to donate $1 at check out to charitable causes in a bid to promote sustainable shopping.
The Estée Lauder Companies joins the Global Shea Alliance
The Estée Lauder Companies (ELC) has joined the Global Shea Alliance (GSA) to ‘further embed inclusivity and sustainability’ throughout its value chain.
The Estée Lauder Companies winds down Rodin Olio Lusso operations
he Estée Lauder Companies has announced it is to wind down operations of skin care brand Rodin Olio Lusso, according to a report by WWD.com.
APHA launches resource to standardize hemp terminology
The American Herbal Products Association (APHA) has published a Hemp Lexicon in order to standardize the terminology used in the cultivation, processing, manufacturing and labelling of hemp and products derived from hemp in the U.S.
Megan Thee Stallion unveiled as face of new Revlon fragrance Reign On
Megan Thee Stallion has been announced as the face of Revlon’s new fragrance Reign On.
Maybelline names K-pop’s ITZY as global spokesmodels
L’Oréal-owned Maybelline New York has announced K-pop band ITZY as its newest global spokesmodels and the first-ever musical group to be signed by the brand.
Now Neutrogena debuts its own Studio
Neutrogena has launched its own studio, according to a report published by Media Post. The Johnson & Johnson-owned brand will kick off its content output with a documentary short.
Meghan Markle invests in Clevr Blends
Wellness start-up Clevr Blends has welcomed a high-profile investor on board, according to a report published by Haute Living. Meghan Markle is said to have invested an undisclosed amount in the latte-mix brand.
L’Oréal prevails in Olaplex appeal
L’Oréal has prevailed in the latest instalment of its ongoing battle with Olaplex. The US Court of Appeals for the Federal Circuit overturned an earlier Federal Court judgement that the French beauty giant infringed the indie’s patented hair coloring system, according to a report published by Reuters.
Investment in wellness continues apace as Cornell-led investors buy out INW
Innovations in Nutrition + Wellness (INW) and Cornell Capital have announced that a group of investors led by Cornell together with INW leadership have acquired INW from Rosewood Private Investments for an undisclosed sum.
Crayola teams up with MOB Beauty to develop inclusive palette
Crayon specialist Crayola marked Canada’s National Crayon Day this year with the launch of 24 specially formulated crayons designed to mirror and represent over 40 global skin tones across the world.
P&G ramps up opportunities for Black creators as it aims to improve portrayal of ‘Black life’ on screen
Procter & Gamble has announced the creation of a new platform, named Widen the Screen’ that enables and advocates for the increased inclusion of Black creators across advertising, film and television.
Yoma Wellness acquires cannabinoid manufacturer Socati Corp
Yoma Wellness has announced the acquisition of U.S. based cannabinoid ingredients and consumer products manufacturer, Socati Corp.
Amorepacific’s HERA launches signature Rouge Holic range onto Amazon U.S.
Amorepacific-owned HERA is launching its Rouge Holic brand onto Amazon U.S.
Sunday II Sunday closes US$4.2 million Series A round
Infinite Looks has announced that its Sunday II Sunday brand has closed a US$4.2 million Series A funding round. Johnson & Johnson was named as lead investor with participation from Ignite Venture Studio and Symrise.
Nu Skin Enterprises sees 125 percent shares surge: here’s why
Nu Skin Enterprises has seen its shares swell 125.1 percent in the past year, according to a report published by Nasdaq, compiled by Zacks Equity Research. Considerably above the wider industry benchmark of +55.1 percent growth.
Dior Beauty names Christian Serratos US brand ambassador
LVMH-owned Dior Beauty has named Christian Serratos as Brand Ambassador for the US market, according to a report published by WWD.
Palmolive launches 100 percent PCR plastic bottle for dish soap range
Colgate-Palmolive is set to save some 5,200 tons of plastic a year out of landfills in the US and Canada thanks to the roll out of a 100 percent post-consumer recycled (PCR) plastic bottle for its Palmolive Ultra dish soap range in North America.
New York on brink of decriminalizing marijuana; state to regulate cannabis products
New York State is set to greenlight the recreational use of marijuana, according to a report published by The Wall Street Journal.
Encore Consumer Capital invests in Love Wellness
Private equity firm Encore Consumer Capital has announced that it has completed an investment in Olgilvie Brands, otherwise known as Love Wellness.
Ralph Lauren reduces water waste with new dying process
Ralph Lauren is changing the way it dyes its clothes in order to drastically reduce its water waste, via a new dyeing platform named Color on Demand, according to a report by Bloomberg.
Unilever North America invests $15 million in recycling initiative Closed Loop Partners’ Leadership Fund
Unilever North America has invested $15 million in the Closed Loop Partners’ Leadership Fund in a bid to help recycle around 60,000 metric tons of U.S. plastic packaging annually by 2025, amounting to more than half of Unilever North America’s plastic footprint in the U.S.
Maybelline New York announces Storm Reid as Global Spokesperson
Maybelline New York has announced Storm Reid as its new Global Spokesperson.
Sally Beauty appoints Kim McIntosh Group Vice President, Controller and Chief Accounting Officer
Sally Beauty Holdings has appointed Kim McIntosh as Group Vice President, Controller, and Chief Accounting Officer.
Dove Men+Care challenges stereotypes with March madness campaign
Unilever-owned Dove Men+Care is hoping to encourage white men to see Black men as multidimensional after research revealed that, when shown an image of a Black men, white men are more likely to describe him as an athlete over any other profession.
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