L’Oreal invests in Swiss biotech company, Timeline
L’Oreal’s venture capital fund, BOLD has acquired a minority stake in Timeline. The Swiss biotech company has developed a proprietary molecule that is said to recycle and rejuvenate aging mitochondria. Financial terms of the deal were not disclosed.
The Estee Lauder Companies appoints Vice President, Corporate Affairs & Communications, UK&I
The Estee Lauder Companies has announced the appointment of Venetia Varney as Vice President, Corporate Affairs & Communications, UK&I.
LVMH joins up with TikTok to tackle counterfeits
LVMH is said to be in talks with TikTok in a bid to fight the fakes. The social media app and luxury goods conglomerate are hoping to team up to tackle the issue of counterfeit goods being sold via the platform.
Douglas Q1 2023/4: Sales rise 8.3 percent to €1.56 billion
Douglas has released preliminary results for the first quarter of the current financial year (2023/24). The German perfumery chain saw group sales rise 8.3 percent in the three months ended December 31, 2023 versus the prior year to €1.56 billion.
Groupe Bogart acquires Rose et Marius
Groupe Bogart has announced the acquisition of the Rose et Marius House of Haute Parfumerie and Art of Living in Aix-en-Provence, France. Financial terms of the deal were not disclosed.
Puig Acquires Majority in Dr. Sturm
Puig, a Spanish cosmetics company, has acquired a majority stake in Dr. Barbara Sturm, a German skincare brand.
L’Oreal announces acquisition of Gjosa
L’Oreal has announced that it has signed an agreement to acquire the outstanding shares of water tech start-up, Gjosa. The French beauty giant partnered with the Swiss-based innovator to launch the L’Oreal Professional Water Saver professional showerhead in 2021. Financial terms of the deal were not disclosed.
The Body Shop CEO departs with immediate effect as sale completes
The Body Shop’s Interim CEO has stepped down with immediate effect following the completion of the ethical beauty retailer’s sale to Aurelius. Ian Bickley’s replacement is yet to be announced by the private equity firm.
Augustinus Bader hires ex-Dior Parfums Director to head up marketing
Augustinus Bader has announced the appointment of Jerome Pulis as Head of Global Brand Marketing and Communications. Pulis is best known for his 16-year stint at Parfums Christian Dior, where he held the role of Director of International Communication up until January of last year.
L’Occitane Group Acquires Dr. Vranjes Firenze
The L’Occitane Group has acquired Dr. Vranjes Firenze, an Italian luxury home fragrance brand.
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