Ulta Beauty names next CFO as Settersten to retire
Ulta Beauty has announced that Scott Settersten is set to retire as Chief Financial Officer, effective April 1, 2024 and Paula Oyibo, SVP Finance, will succeed him, reporting to Dave Kimbell, CEO.
Pharmavite corners women’s health market with purchase of Bonafide Health for US$425 million
Pharmavite has announced that it has acquired Bonafide health for US$425 million. Other commercial terms of the deal were not disclosed. The menopause care firm will expand and complement Pharmavite’s existing women’s health business.
Shiseido invests in talent development with new Future University facility
Shiseido has cut the ribbon on a new talent development facility in Ginza. The Shiseido Future University is designed to nurture the next generation of Shiseido leaders.
Elf unveils immersive AR mural
Elf Beauty has teamed up with Southpaw to create an immersive AR mural as part of the beauy brand’s Express Your Elf campaign. The mural was designed by illustrator Laura Greenan and portrays rap artist and face of the campaign, Meduulla.
Varsity Spirit to debut beauty line
Cheerleading apparel brand, Varsity Spirit is set to unveil its first foray into the world of beauty with the launch of a line of products inspired by, and designed for spirit athletes in partnership with Batallure Beauty.
L’Oréal Acquires Probiotic Company Lactobio
L’Oréal has announced the acquisition of Lactobio, a Copenhagen-based leader in probiotic and microbiome research.
Amyris Sells Brands Amid Bankruptcy
Amyris, a bankrupt biotech company, has auctioned off four of its beauty brands to various buyers.
Bed Bath & Beyond Sues MSC
Bed Bath & Beyond’s bankruptcy estate, now named DK Butterfly, has filed a lawsuit against Mediterranean Shipping Co. (MSC) with the Federal Maritime Commission, seeking $300 million.
Nu Skin Opens Shanghai Facility
Nu Skin Enterprises, Inc. has opened a new manufacturing facility in Shanghai, China, representing an investment of approximately $55 million.
Sharon Otterman Appointed CMO at Macy’s
Macy’s, Inc. announced Sharon Otterman as their new Chief Marketing Officer.
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