New woes for Revlon: company faces hair relaxer cancer claims
As Revlon’s bankruptcy nears its end, the company is being hit with fresh allegations that its hair relaxer products have caused cancer, according to a report by Bloomberg.
Game, set and match to Third Point? Bath & Body Works appoints investor-approved Director
Bath & Body Works has named Thomas Kuhn as a new Director, a decision made following pressure from investor Daniel Loeb’s hedge fund Third Point, according to a report by Reuters.
Mary Kay appoints James Whatley as Chief Information Officer
Direct sales company Mary Kay has appointed James Whatley as Chief Information Officer.
Sulwhasoo announces partnership with The Metropolitan Museum of Art
K-beauty brand Sulwhashoo has announced a year-long partnership with The Metropolitan Museum of Art, which will support a range of Museum programs and activities.
The Estée Lauder Companies names Lahnie Strange as Senior Vice President, Global General Manager, Bobbi Brown Cosmetics
The Estée Lauder Companies has appointed Lahnie Strange as Senior Vice President, Global General Manager, Bobbi Brown Cosmetics.
Macy’s FY2022: comparable sales inch up 0.3 percent
Macy’s has reported its financial results for fiscal 2022. Net sales dropped 0.1 percent for the full year, versus 2021 to reach US$24.4 billion while comparable sale inched up 0.3 percent on 2021 figures and grew a respectable 3.5 percent on pre-pandemic figures.
California cancels Walgreens Boots Alliance over abortion drug stance
The Governor of California, Gavin Newsom has taken to social media to declare that the US State will not ‘do business’ with Walgreens Boots Alliance over the drugstore chain’s decision to cease dispensing abortion drug mifepristone in Republican states, according to a report published by Investing.
The Estee Lauder Companies partners with boom! to empower women in supply chain
The Estee Lauder Companies has announced that it has partnered with boom! Global Network, a community of female supply chain professionals to co-host a day of inspiring conversations about empowering women in supply chain and advancing inclusion and diversity to drive business growth.
CEO pay on the rise and pay gap widens despite cost-of living crisis
Total pay for S&P Chief Executives continues to rise, according to a report titled 100 Most Overpaid CEOs published by As You Sow. The median pay was US$23,455,188 – up 8 percent year-on-year.
Lead counsel named for L’Oréal hair relaxer suit
The US District Judge in Chicago presiding over a class action suit that charges L’Oréal USA with selling hair relaxers that contain carcinogenic ingredients has named Ben Crump and Diandra Debrosse Zimmermann, Micheal London and Fidelma Fitzpatrick as Co-lead Counsel, according to a report published by Reuters.
Interparfums FY 2022: record earnings as operating profit soars 33 percent
Interparfums has reported its results for the 2022 fiscal year. The fragrance giant recorded record earnings for the full year with net income up 40 percent on 2021’s figures and sales rising 26 percent to €706.6 million.
Coty names first Chinese Ambassador for Chloe fragrance
Chloe has appointed Guan Xiaotong as its new Fragrancde Ambassador for China and Travel Retail. The news was shared on Coty’s Instagram account and the actor’s Weibo account last month.
Bath & Body Works: Third Point proxy contest is ‘misguided’
Bath & Body Works has taken to a shareholder letter to call investor Third Point’s proxy contest ‘misguided’.
Kohl’s appoints Dave Alves as President and Chief Operating Officer
Kohl’s has announced the appointment of Dave Alves as President and Chief Operating Officer, effective April.
Target Q4 earnings beat expectations; CEO warns of shifting consumer spending habits
Target has reported a comparable Q4 sales increase of 0.7 percent, on top of 8.9 percent in Q4 2021, driven entirely by an increase in guest traffic.
Live Tinted closes US$10 million Series A funding round
Live Tinted has closed a US$10 million Series A funding round, with investment led by Monogram Partners with other investors including Unilever Ventures, Devonshire Partners and Silas Capital, according to a report by WWD.com.
Walgreens Boots Alliance to sell off part of Deerfield HQ
Walgreens Boots Alliance is poised to sell some two-thirds of its Deerfield HQ, according to a report published by The Real Deal.
Glossier launches in Sephora US and Canada
Glossier is set to hit shelves at some 600 Sephora stores across the US and Canada as well as online and on the Sephora App, extending the brand’s accessibility as well as granting shoppers the chance to earn Beauty Insider points on their purchases.
Revlon’s bankruptcy deal put to vote
Revlon has reached an agreement with its creditors which, if voted through, will allow the US make-up giant to complete the bankruptcy process by April, according to a report published by Reuters.
Third Point piles further pressure on Bath & Body Works
Third Point has sent a letter to Bath & Body Works pushing for a shareholder representative to be added to the US retailer’s Board of Directors.
Beautycounter partners with Ulta
Beautycounter has announced a partnership with Ulta Beauty. From February 26, the clean beauty brand’s range will be available to purchase via the US beauty retailer’s website and, from March 5, in some 500 stores across the US.
Olaplex faces US$75 million hair loss lawsuit
Haircare company Olaplex is facing a US$75 million hair loss lawsuit, with 28 women claiming that the products caused hair loss, blisters and other conditions.
Coty appoints Kristina Strunz as Managing Director for Southeast Asia & Distributor Markets
Coty has named Kristina Strunz as the new Managing Director for Southeast Asia & Distributor Markets.
Inolex names new Board member, CFO and VP Operations
Inolex has welcomed nationally recognized attorney Suzanne S Mayes to its Board of Directors. The ingredients designer has also named Michael Dall CFO and Rob Lopez has been appointed Vice President Operations.
Chanel names Whitney Peak first Black woman to star in Coco Mademoiselle campaign
Chanel has named Whitney Peak as the latest face of its Coco Mademoiselle fragrance. Peak is the first Black woman to front a campaign for a Chanel fragrance, according to a report published by British Vogue.
Clean beauty backlash as moldy make-up trends on TikTok
The value of preservatives could be more widely understood after a Reddit post went viral on TikTok, according to a report published by NBC News.
Mary Kay appoints Chief Experience Officer
Mary Kay has announced the appointment of Sheryl Adkins-Green as Chief Experience Officer. In the new role, Adkins-Green will support the success of the direct sales brand’s millions of consultants through a 360-degree integrated customer experience.
Paco Rabanne names Elle Fanning as face of new fragrance Fame
Paco Rabanne has announced Elle Fanning as the face of its latest feminine fragrance, Fame. The star of The Great is described by the Puig-owned brand as ‘one of the most exciting young actors of her generation’.
Federal judge says J&J must face cancer victim in court
A federal judge has given the go ahead for a 24-year-old cancer sufferer to proceed with a case which claims that the disease was caused by use of Johnson & Johnson’s baby powder, according to a report published by Bloomberg.
Unilever divests Suave brand in North America to Yellow Wood Partners
Unilever has announced the sale of its Suave brand in North America to Yellow Wood Partners LLC.
Pendulum announces Actress Halle Berry as Equity Owner, Investor and Chief Communications Officer
Biotech company Pendulum has announced Actress Halle Berry as Equity Owner, Investor and Chief Communications Officer.
Grove Collaborative continues retail expansion
Grove Collaboration Holdings has debuted its flagship home care brand, Grove Co., on Amazon and Walmart, continuing its retail expansion, while also announcing US$1 million in Amazon sales for its personal care brands Peach not Plastic and vegan skincare brand Superbloom.
Mary Kay hosts Women in STEAM event
Mary Kay hosted a group of 25 young female students for an educational exploration of Women in STEAM in advance of the celebration of the International Day of Women and Girls in Science last week.
Bath & Body Works names new Board member in bid to appease Third Point
Bath & Body Works has announced the appointment of Lucy Brady, President, Grocery & Snacks at Conagra Brands as a new independent member of its Board of Directors. With her appointment, the Board will be composed of 11 Directors, 10 independent and seven whom are members of diverse communities, female, people of color and/or LGBTQIA+.
Unilever to invest US$400 million in Mexico
Unilever is planning to build a new plant in Mexico’s Nuevo Leon region, according to a report published by Reuters. The manufacturer of Dove is planning to invest some US$400 million in the Latin American country over the next three years.
Bed, Bath & Beyond staves off bankruptcy with equity deal
Bed, Bath & Beyond has managed to swerve Chapter 11 proceedings with a last-minute equity deal, according to a report published by Bloomberg. The ailing US retailer is said to have reminded investors of the human cost of its collapse in order to convince them to cough up more cash.
L’Oréal teams up with Tripadvisor to boost travel retail
L’Oréal has partnered with Tripadvisor in a bid to drive awareness of the French beauty giant’s travel retail offer, according to a report published by TR Business.
L’Oréal USA appoints Stephanie Kramer as Chief Human Resources Officer
L’Oréal USA has appointed Stephanie Kramer as Chief Human Resources Officer, who joins the management committee of L’Oréal USA in addition to the global Human Resources management committee of the L’Oréal Group.
Scent appeal: Coty Q2 net revenue falls but results beat Wall Street forecasts as fragrance come out on top
Coty has reported a 3 percent Q2 net revenue fall to US$1,52 billion, however, innovations in its prestige fragrance offering were said to have helped the company beat Wall Street forecasts.
Procter & Gamble looks to the musical theatre for Old Spice Super Bowl TV ad
Procter & Gamble is looking to bolster male confidence with this year’s Old Spice Super Bowl TV spot.
Ryan Cohen builds stake in Nordstrom
Ryan Cohen is building up his stake in Nordstrom, according to a report published by Reuters, in a bid to force the US department store to swap out board members and boost performance.
Dior to face class action suit over ‘misleading’ 24-hour SPF protection claim
Dior could be called upon to defend its 24-hour SPF claim in court after a proposed class action suit charged the LVMH-owned beauty brand of misleading marketing.
Edgewell recalls further lots of Banana Boat sunscreen as benzene detected
dgewell has added additional lots to its nationwide recall of three batches of Banana Boat Hair & Scalp Sunscreen Spay SPF30. The original recall was announced last July.
National Psoriasis Foundation grants first seal of recognition to Laura Geller Beauty foundation
Laura Geller Beauty has announced that its Baked Balance n Brighten Color Correcting Foundation is the first make-up product to receive the National Psoriasis Foundation Seal of Recognition.
Elf Beauty Q3: outlook raised as sales soar 49 percent
Elf Beauty has announced its results for the three and nine months ended December 31, 2022. The mass make-up brand saw net sales soar an impressive 49 percent in the third quarter to US$146.5 million while gross margin increased 180 basis points to 67 percent.
Lauder’s lipstick effect MIA as sales plummet 17 percent in Q2 2023
The Estee Lauder Companies has reported its results for the second quarter of fiscal 2023. Sales dropped 17 percent on the prior-year period from US5.54 billion to US$4.62 billion. The US prestige beauty giant has adjusted its full-year guidance accordingly, with sales now expected to decrease between 5 and 7 percent.
GHD merges hairdryer and straighteners with Duet Style
GHD has launched what it is claiming to be the first 2-in-1 hot air styler; a tool that combines drying and styling technology to transform hair from wet to styled with just one appliance.
1Saves20 debuts rinse-free beauty range
1Saves20 has made its debut on the US market. The rinse-free, resource-conscious beauty range is dedicated to raising awareness about water consumption.
U.S. court rejects Johnson & Johnson’s bankruptcy strategy to end talc lawsuits
A federal appeals court in Philadelphia has rejected Johnson & Johnson’s attempts to end thousands of lawsuits regarding its talc-based products via the use of chapter 11 bankruptcy.
Make it Black campaign launches for its fourth season
Sharon Chuter and her non-profit organisation Pull Up For Change are re-launching its Make It Black campaign for the fourth season, which aims to raise funds for Black founders.
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