Natura &Co agrees to sell The Body Shop to Aurelius
Natura &Co has announced that it has agree to sell The Body Shop to private equity firm, Aurelius for an enterprise value of £207 million – a far cry from the £880 million purchase price the Brazilian firm is rumored to have paid L’Oreal in 2017.
Natura &Co Q3: Revenue dips 0.7 percent, profit margins continue to improve
Natura &Co has continued to improve its profit margins in the third quarter of the current financial year, while deleveraging its balance sheet courtesy of the sale of Aesop, which completed on August 30, 2023.
Anastasia Beverly Hills to sponsor Formula 4 driver Biana Bustamante
Anastasia Beverly Hills has made its first foray into sports sponsorship, naming Bianca Bustamante as its first ambassador from the sporting world.
L’Oreal Brazil to fuel fleet with biomethane; signs supply agreement with Gas Verde
L’Oreal Brazil has signed a supply agreement with Gas Verde. The French beauty giant will buy 3.6m3 of biomethane from the energy firm to fuel its entire fleet of lorries.
WishCare raises Rs20 crore in funding round led by Unilever Ventures
WishCare has raised Rs20 crore in a funding round led by Unilever Ventures. The FMCG giant’s venture capital arm has been steadily building its Indian beauty and wellness portfolio with investments in Plum, Minimalist, Curefit and What’s Up Wellness.
The end of Avon calling? Direct sales brand moves to Bricks and Mortar
Avon has announced an ‘exciting new chapter’ in its 137-year history. The Natura &Co-owned direct sales brand is set to open a series of bricks and mortar stores in the UK, Brazil and South Africa.
KraveBeauty unveils limited edition products with fully traceable tamanu oil
KraveBeauty has launched a duo of products designed to showcase its new commitment to responsibly and sustainably sourced ingredients. The brand ‘hit reset’ on its sourcing practices, aiming to gain full visibility into the process, improve working conditions and contribute to climate resilience.
Kao holds firm on FY forecast despite Q3 sales dip
Kao has reported its results for the nine months ended September 30, 2023. The Japanese consumer goods manufacturer saw sales drop 0.2 percent compared to the same period in 2022 to ¥1,125,883 million. Operating income plummeted 34.1 percent and diluted earnings per share dropped from 2022’s ¥123.82 to ¥70.
BeautyHealth CEO steps down; Interim CEO announced
BeautyHealth has announced that CEO Andrew Stanleick has resigned from his role as President and CEO and will relinquish his seat on the Board, effective November 19, 2023. Beauty Health Director, Maria Beck will serve as Interim CEO while a formal search is conducted by the Board.
L’Oréal USA announces 2023 Women in Science Awardees
L’Oreal USA commemorated a 20-year commitment to women in STEM by announcing the recipients of its 2023 For Women in Science Fellowship program.
L’Oréal and Cosmo’s Sustainable Fragrance Technology Partnership
L’Oréal Groupe and Cosmo International Fragrances have formed a partnership to introduce a new Green Sciences-based extraction process for creating fine fragrances.
Amorepacific Achieves COSMOS Certification for camellia-derived cosmetic ingredients
South Korean cosmetics company Amorepacific Corp. has announced that three of its camellia-derived cosmetic ingredients have received COSMOS certification.
Inter Parfums Reports Strong 2023 Growth
Inter Parfums, Inc. has reported its financial results for the third quarter and the first nine months of 2023, showcasing significant growth and success in the fragrance industry.
Sahajan’s Growth Through Equity Funding
Sahajan, an Ayurvedic and clean beauty brand, has secured its first round of equity funding to support growth in North America.
Asket’s Environmental Impact Transparency Initiative
Asket, a Stockholm-based company, has introduced an “impact receipt” for its garments, detailing environmental data such as carbon emissions, water use, energy consumption, and the impacts of shipping and packaging.
ODDITY Reports Strong Quarterly Performance
ODDITY Tech Ltd. (NASDAQ: ODD) has announced its preliminary unaudited financial results for the third quarter ending September 30, 2023.
Shiseido Cuts Forecast Amid Sales Dip
Shiseido, a Japanese cosmetics company, has reduced its full-year profit forecast due to a drop in demand from Chinese consumers.
Kohl’s Announces Major Board Changes
Kohl’s is making significant changes to its Board of Directors. Peter Boneparth, the current Board Chair, will retire at the end of his term in May, with Michael Bender set to succeed him.
Shein Targets High IPO Valuation
Shein, the online fast fashion retailer, is aiming for a valuation of US$80 to US$90 billion for its potential U.S. initial public offering (IPO).
Asos Launches First Physical Pop-Up
Asos, the online fashion retailer, is set to open its first physical pop-up store in London. This innovative venture, named “Asos In Real Life,” will open from November 23 to 26, coinciding with the Black Friday shopping season.
The Body Shop and Cruelty Free International call for UK animal testing ban
The Body Shop and Cruelty Free International are reigniting their fight against animal testing and calling for an outright ban on animal testing in the UK after the government’s stealth reintroduction of the practice via legislation that aligned the UK rules with REACH post Brexit.
Yakult opens café and beauty salon in Japan’s Utsunomiya
Yakult’s Utsunomiya-based distributor has opened a café, beauty salon and gallery space in Japan’s Tochigi prefecture. It is said to be the first of its kind.
FDA grants cosmetics industry six-month grace period to comply with MoCRA
The US Food & Drugs Administration (FDA) has issued guidance on its intent to delay enforcement of the requirements for cosmetics product facility registration and cosmetic product listing contained in the Modernization of Cosmetics Regulation Act, 2022 (MoCRA) by six months.
Vivify Specialty Ingredients acquires Access Ingredients
Vivify Specialty Ingredients has announced that it has acquired Access Ingredients. Financial terms of the deal were not disclosed.
Olaplex Q3 2023: sales plummet 30 percent
Olaplex Holdings has announced its results for the third quarter of fiscal 2023. The hair care company saw sales plummet 30 percent to US$123.6 million and income nosedive from Q3 2022’s US$60.8 million to US$20.4 million.
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