L’Oréal named as official sponsor of Orient Express Americas Cup team
L’Oreal has announced its official sponsorship of the Orient Express Racing Team, the French challenger for the 37th America’s Cup sailing competition.
Ulta Beauty promotes COO; adds President to title
Ulta Beauty has announced that current Chief Operating Officer, Kecia Steelman will add the role of President to her remit.
Warpaint hails record first half as sales soar 46 percent
Warpaint has achieved record first half sales of £36.7 million in the six months to June 30, 2023. The London-based color cosmetics supplier reported a 46 percent rise yoy, with UK revenue up 28 percent and international revenue climbing 58 percent versus the prior-year period.
L Catterton’s first Chinese yuan fund named as lead investor in Trautec’s CNY200 million series B round
Chinese collagen tech start-up, Trautec Medical Technology has raised CNY200 million in a Series B funding round led by L Catterton’s first Chinese yuan fund and CLSA Asset Management.
Puig unveils new travel retail hub for the Americas
Puig is said to have cut the ribbon on a travel retail hub for the Americas region in Miami.
L’Oréal announces new executive hires; creates new role for L’Oréal China
L’Oréal has announced a number of important moves within its executive committee. Fabrice Megarbane will take on the Chief Global Growth Officer role following the retirement of Frederic Roze, while Vincent Boinay will step into Megarbane’s shoes as President of the North Asia Zone and CEO for L’Oréal China.
Waterstones owner rumored to be in the running for The Body Shop
The owner of Barnes & Noble and Waterstones, Elliott Advisors is said to have submitted a bid for Natura &Co’s The Body Shop.
The Perfume Shop scores Top Employers Institute certification
The Perfume Shop has successfully secured certification as a Top Employer from the Top Employers Institute.
Shein to pile US$85 million into CSR initiatives
Shein has set aside a pot of US$85 million for global community empowerment over the next five years. The fast fashion firm will use the fund to support stakeholders as part of its wider ESG program.
Macy’s to reduce seasonal workforce to 38,000
Macy’s Inc has announced plans to hire 38,000 seasonal workers this holiday season across its department store brands, Bluemercury and distribution centers.
Puig Eyes Stock Market Entry
Puig, a leading Spanish cosmetics conglomerate, is reportedly in discussions with investment giants Goldman Sachs and JPMorgan, seeking advice on a potential stock market debut.
Beiersdorf Champions Sustainability: Recycled Aluminum and CO2e-Neutral Production in Europe
THE WHAT? Beiersdorf unveils its latest initiative advancing sustainability, climate defence, and circularity. THE DETAILS Starting from 2023/24, Beiersdorf's European deodorant lineup, encompassing brands like NIVEA, 8X4, Hidrofugal, and Hansaplast,...
THG’s Share Decline: Challenges Mount Amid Revised Sales Projections
THG witnessed a significant drop in its share value, with a decline of up to 20% last week, following the company’s decision to lower its annual sales projection due to challenges like rising inflation and underwhelming performance in its beauty segment.
Artemis Patrick’s Historic Rise: Leading Sephora’s Next Chapter
Artemis Patrick will assume the role of president at the renowned retailer starting Oct. 2, succeeding Jean-André Rougeot, the current president and CEO, who has announced his upcoming retirement in April.
KOSÉ’s ADDICTION TOKYO: Japan’s Beauty Mastery Lands in New York
KOSÉ Corporation, a prominent cosmetic company in Japan, is bringing ADDICTION TOKYO, a Tokyo-based makeup artist brand, to the US market.
Goop’s Groundbreaking Fusion: The Colorblur Glow Balm
Goop, the renowned lifestyle brand, has ventured into cosmetics by launching its innovative Colorblur Glow Balm.
L’Oréal’s EUR15 Million Climate Fund
L’Oréal has launched a EUR15 million Climate Emergency Fund. This initiative aims to bolster vulnerable communities’ resilience against climate disasters.
California Pushes Emissions Transparency with Groundbreaking Bill SB 253
California’s lawmakers have greenlighted a groundbreaking bill mandating extensive emissions disclosures from major companies operating within the state.
Estée Lauder Invests in Code Mint
Estée Lauder Companies’ investment division, New Incubation Ventures (NIV), has revealed its acquisition of a minority share in Code Mint, a renowned clean beauty brand from China.
Prada Blooms Worldwide: Star-Studded Campaign Pairs with Global Seed Initiative
Italian luxury fashion house Prada, is bringing its fall ad campaign to life, prominently featuring Benedict Cumberbatch alongside stars like Li Xian and Letitia Wright, with a unique worldwide gesture involving flowers.
Proven raises US$12.2 million in Series A funding round
Proven has raised US$12.2 million in a Series A funding round led by existing investor NewH2 Ventures. The owner of the eponymous machine learning-powered, personalized skin care brand has raised US$9 million in past rounds.
Douglas forges ahead with planned IPO; chooses banks as global coordinators
It’s full steam ahead for Douglas as it prepares to list. The German pharmacy chain is said to have selected a series of banking partners as global coordinators for its planned IPO.
US Representatives hope to end animal testing with re-introduction of Humane Cosmetics Act
Five US Representatives are leading a bipartisan delegation to reintroduce the Humane Cosmetics Act. The legislation purports to end safety testing of cosmetic products on animals and ban the sale of beauty products tested on animals.
AmorePacific’s Laneige lands in Mexico
AmorePacific has entered the Mexican market. The K-beauty behemoth made its debut with its Laneige brand via Sephora Mexico’s website and will hit shelves in 36 of Sephora Mexico’s bricks and mortar stores later this month.
Meet Ulta Beauty’s MUSE Accelerator Cohort
Ulta Beauty has announced its MUSE Accelerator cohort for 2023. Eight early-stage BIPOC beauty brands will follow a 10-week curriculum as well as receive mentorship and funding in preparation for retail distribution.
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