GEKA receives fourth consecutive EcoVadis Platinum Sustainability Rating

Proving itself a frontrunner in creating positive impact on the planet and society in cosmetics, GEKA has been awarded its fourth consecutive Platinum Sustainability Rating from EcoVadis. This result places the high precision cosmetics application expert within the top 1% of assessed companies, demonstrating that ground-breaking beauty products needn’t cost the earth.

Oliver Vogel, CEO of GEKA, said: “This is a great result and illustrates our commitment towards the creation of a responsible cosmetics industry. Our improved performance this year, even with expanded criteria from EcoVadis, is evidence that our long-term sustainability strategy is working. It also shows our customers and users that our approach to beauty is more than skin deep, and that we’re committed to preserving our planet and supporting society too.”

Considered the most trusted provider of business sustainability ratings, EcoVadi independently assessed GEKA GmbH across four categories, consolidating results to achieve a final rating. GEKA scored in the top 1% for the Environment, Ethics, and Labor & HumanRights categories, while landing in the top 3% for Sustainable Procurement. This excellent performance across multiple aspects of GEKA’s business ensured a Platinum Rating overall. GEKA is enacting structured sustainability initiatives across its business, one of which is introducing sustainable materials into its products. In 2023, GEKA launched the first ever commercially available post-consumer recycled (PCR) fiber filaments for vegan friendly mascara and eyebrow brushes. Furthermore, its Reborn Collection of mascara, lip gloss, eyebrow brushes, cleaning pads and accessories contains at least 93% PCR and bio-based materials.

Another part of the company’s strategy is to benchmark its sustainability performance with a range of reputable third parties. For instance, For instance, GEKA’s commitment to reduce its 2029 GEKA repeats success with EcoVadis Platinum meda greenhouse gas emissions by 30% compared to 2019 has been independently validated by the Science Based Target Initiative (SBTi). The company has also pledged to send zero waste to landfill by 2025.

GEKA, a part of medmix, a global leader in high-precision delivery devices, is transparently sharing its sustainability progress with customers and stakeholders too. Its sustainability performance is consolidated and reporting in the medmix Annual Report.

About GEKA

Founded in 1925, the GEKA brand is a world leading manufacturer, supplier and wholesaler for high precision beauty application solutions for mascara, lip gloss and concealer products. With deep expertise in beauty tools, twisted wire brush and micro brush technologies GEKA represents continuous innovation through its numerous patents. As part of medmix, a global provider of high precision delivery devices, GEKA offers worldwide access through manufacturing sites in Bechhofen, Germany, Elgin, USA, Sao Paulo, Brazil, and Shanghai, China.

www.geka-world.com

About medmix

medmix is a global leader in high-precision delivery devices. We occupy leading positions in the healthcare, consumer and industrial end-markets. Our customers benefit from a dedication to innovation and technological advancement that has resulted in over 900 active patents. Our 15 production sites worldwide together with our highly motivated and experienced team of nearly 2’000 employees provide our customers with uncompromising quality, proximity and agility. medmix is headquartered in Baar, Switzerland. Our shares are traded on the SIX Swiss Exchange (SIX: MEDX). www.medmix.swiss

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PCD Innovation Awards winners announced on the opening day of Paris Packaging Week 

The PCD Innovation Awards set the tone of the opening day of Paris Packaging Week 2024, taking centre stage to champion and celebrate the most technically innovative and beautiful packs in perfume, cosmetics, personal care, hair care, and skincare. 

Paris, 17/01/2023 – The opening day of Paris Packaging Week saw the winners of the prestigious PCD Innovation Awards, the world’s leading packaging innovation event for perfume, cosmetics and personal care, crowned. 

The jury, which included representatives from powerhouse brands such as Chanel, Cartier, Interparfums, L’Oréal, The Estée Lauder Companies, and Groupe Clarins, among others, and led by Jury President and packaging expert Hervé Bouix, convened on December 14, 2023, at Jujin New York to select the winners from an initial pool of over 220 entries. 

In total, 15 awards and 10 certificates were handed out across the nine categories contested, with Jury President Bouixand the esteemed Jean Louis Mathiez, owner of innovative cosmetic packaging experts, Cinqpats, presiding over the ceremony on the Circular Economy Stage during the afternoon session on Day 1 of Paris Packaging Week. 

All finalist entries were on display in a dedicated Innovation Awards Gallery at Paris Packaging Week, the home of packaging innovation, with over 10,000 expected visitors set to descend on the global capital of luxury and beauty, specifically Paris Expo Port de Versailles. 

Naïma Havard, Senior Packaging Development Project Manager at LVMH Frangrance Brands who won the certificate for ‘Flower By Kenzo Ikebana Eau de Parfum’ says “We’re so pleased and honoured to have received a certificate for this project, which was very difficult, as it integrates the innovation of a glass hood. We worked in partnership with the group Pochet who were very professional and never gave up. So, this certificate is a representation of hard work, and for a year-and-a-half of dedication to creating something special for the cosmetic industry.”

Across the next two days, Paris Packaging Week’s four exhibitions – ADF, PCD, PLD and Packaging Première- will allow visitors to meet more than 650 suppliers – including more than 400 at PCD, showing the latest materials and formats. 

The PCD Innovation Awards winners were as follows: 

Makeup Mass Market 

Award: Covergirl Lash Blast Cleantopia Mascara – Coty 

Certificate: L’Oréal Paris Telescopic Lift Mascara – L’Oréal 

Premium makeup 

Award: 31 Le Rouge – Chanel Parfums Beauté 

Award: Rouge Premier – Parfums Christian Dior 

Certificate: Artist Face Powders – Make up For Ever SA 

Personal care 

Awards: Recycled and Recyclable Ecorefill Bottle – L’Occitane en Provence 

Award: Good Coloration – L’Oréal 

Certificate: Oleor Color in shampoo-ONE PUSH – L’Oréal 

Skincare mass market 

Award: Dermalogica Clear Start Breakout Clearing Booster x GREENIS® Dispenser – 

Dermalogica 

Certificate: Dermalogica Porescreen Mineral Sunscreen SPF40 – Dermalogica 

Premium skincare 

Award: Sublimage La Crème – Chanel Parfums Beauté 

Award: Sublimage Night Extract – Chanel Parfums Beauté 

Certificate: Dior Prestige Le Nectar Premier – Parfums Christian Dior 

Certificate: The Ultimate Cream – Amorepacific / Verescence 

Fragrance Women 

Award: La Panthère Eau de Parfum – Cartier Parfums 

Award: Burberry Her Eau de Parfum – Coty 

Certificate: Flower By Kenzo Ikebana Eau de Parfum – LVMH Fragrance Brands 

Fragrance Men 

Award: Penhaligon’s – Potions & Remedies – Penhaligon’s 

Certificate: JPG Le Male Elixir – PUIG France 

New Limited Edition > 2000 

Award: Perfumed cases – Cartier Parfums 

Award: MM Replica Wooden Box – L’Oréal 

Certificate: Christmas Makeup Minaudière 2023 – Parfums Christian Dior 

New Limited Edition < 2000 

Award: L’Or de J’adore by Jean-Michel Othoniel – Parfums Christian Dior 

Award: Temyris, the beauty minaudiere – Aurore & Paul – TEMYRIS 

Certificate: Lancôme Absolue Soft Cream x Le Louvre – L’Oréal – Lancôme 

– END –

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THE DETAILS According to a report published by WWD, the new range comprises lipsticks, liners and an eye shadow palette in a selection of nude shades.

THE WHY? Kardashian shuttered her KKW make-up brand in 2022 following Coty’s purchase of a 20 percent stake in the line, promising to relaunch. She told WWD, “I think you just know how you want to make things better. The lip liner glides on a little bit better. Everything is in the minor details. As a perfectionist… I feel like the customer will feel the elevation.”

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THE DETAILS According to a report published by Bloomberg, the Middle East’s stock exchanges are looking to diversify listings beyond industry and banking.

THE WHY? Nice One declined to comment when approached by Bloomberg but it is thought that the e-commerce platform is following in the footsteps of fellow Saudi tech firms, such as Floward, working towards an IPO this year.

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THE DETAILS According to a report published by The Korea Herald, the Korea Fair Trade Commission fined Coupang KRW3.3 billion for unfair practices. Coupang’s appeal is pending.

THE WHY? A spokesperson for Coupang told The Korea Herald, “Coupang has been in discussions with LG H&H on ways to resume the partnership. Coupang will continue to actively communicate and collaborate with its partners to provide customers with a greater choice of quality products.”

The post Coupang and LG Household & Health Care bury the hatchet appeared first on Global Cosmetics News.

THE DETAILS This addition strengthens Cascadia’s industry breadth in several key sectors, including apparel, accessories, footwear, beauty, personal care, pet, and home design, and marks the firm’s ongoing growth with the addition of a new office in New York City.

THE WHY? Michael Butler, Chairman & CEO of Cascadia, noted, “Adding a team of Threadstone’s caliber and industry focus will broaden and complement the exceptional service we deliver to the business owners and investors we advise. Billy and his team have a proven track record and demonstrated passion for the business. Their commitment to excellence and client-focused, collaborative approach fit extremely well with Cascadia’s culture.”

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THE DETAILS According to a report published by WWD, Purifying Whipped Cleanser, Face Stick and Skin-strengthening Serum are formulated with ceramides, upcycled date seed extract and biometric tripeptide. Industry sources expect the brand to hit sales of US$3 million to US$5 million in its first year.

THE WHY? Dominque Gagnon, Vice President of Consumer Brands at Debut, told WWD, “We’re tapping into the new wave of preventative care, addressing what consumers can do in their 20s and 30s to sustain their skin health, versus repairing issues that have already occurred in terms of skin damage.”

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THE DETAILS “This strategic collaboration reflects the breakthrough multidimensional approach that we’ve always believed is necessary to make meaningful advancements for longevity and health span,” said Patrick Aebischer, Co-Founder and Chairman of Timeline. “I want to thank L’Oréal for its commitment to longevity solutions rooted in the highest level of science.”

THE WHY? The investment will enable Timeline to further develop its technology and expand operations while enabling future collaboration with L’Oreal.  

Barbara Lavernos, Deputy Chief Executive Officer and in charge of Research, Innovation and Technology, L’Oréal Groupe. “Longevity is about living healthier for longer and L’Oréal has been working for more than a decade to understand and anticipate what this could mean for beauty. Longevity adds a new dimension to beauty, focused on predicting, correcting and even reversing the ageing of our skin, scalp and hair. Our investment in Timeline is exciting for its potential to transpose key hallmarks of longevity onto skin health and beauty.”

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THE DETAILS The Honey Pot Co will continue to be led by its current management team and existing owners and leadership will retain a ‘significant’ minority stake in the company. The deal is expected to close in February.

“We are excited to embark on this partnership with CODI, a firm that aligns seamlessly with our values and is dedicated to championing our vision of destigmatizing feminine care through accessible products and promoting holistic wellness, both inside and out,” said The Honey Pot Co’s Co-founder, Beatrice Dixon, who will continue to lead the company in her current role as CEO and Chief Innovation Officer.

“We believe that this partnership will not only enable us to sustain our commitment to innovation and education but will also empower us to continue cultivating a movement rooted in community and self-care.”

THE WHY? CEO of Compass Diversified, Elias Sabo, commented, “Beatrice and her team have done an amazing job building The Honey Pot Co. into a leading feminine care brand that has distinctive category ownership and unique brand positioning. They have a strong leadership team, an efficacious line of products, and a track record of impressive innovation and category disruption. We believe they have tremendous growth opportunities on the horizon.”

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