Is Rihanna’s Fenty Beauty set to enter the Metaverse?
Rihanna’s Fenty Beauty brand is rumoured to be entering the metaverse, with the star filing a trademark to sell the products as virtual cosmetics.
Estée Lauder settles lawsuit with three former staff over automated interview process used to sack them
Estée Lauder has settled a lawsuit brought against it by three former staff after the company used an automated process to fire them, according to City A.M.
Target unveils most sustainable store to date; first Net Zero Energy location
Target has announced the opening of its most sustainable store to date. The site will generate more renewable energy than it needs to operate and will test multiple innovations to reduce the building’s emissions.
Neiman Marcus publishes first ESG report
Neiman Marcus Group has published its first Environmental Social Governance Report, titled, Our Journey to Revolutionize Impact. The paper outlines the department store chain’s 2025 ESG strategy and shares progress to date.
Kao, L’Oréal and Natura &Co are named on World’s Most Ethical Companies list 
Kao, L’Oréal and Natura &Co are just some of the cosmetics companies named on the 2022 World’s Most Ethical Companies Honoree List
Canadian department store Hudson Bay bids for Kohl’s
Canadian department store Hudson Bay is said to be bidding for Kohl’s Corp, according to a source…
L’Oréal receives Moody’s first-time long-term rating of Aa
L’Oréal U.S.A has announced it has received a Long-Term Issuer Credit rating of AA from Standard and Poor’s and an Issuer Rating of Aa1 from Moody’s.
KAO USA offers voluntary recall of Jergens Ultra Healing Moisturizer
KAO USA has offered a voluntary recall of Jergens Ultra Healing Moisturizer 3 oz and 10 oz products over concerns about the presence of Pluralibacter gergoviae.
The Estee Lauder Companies reshuffles Travel Retail leadership as Bottrie retires
The Estee Lauder Companies has announced a series of key leadership appointments following the announcement that Olivier Bottrie, Global President, Travel Retail and Retail Development will retire in June, 2022.
Sephora and Shipt announce partnership
Same-day delivery service Shipt has announced a new partnership with Sephora. The landmark deal sees the LVMH-owned retailer become the first national beauty retailer on the marketplace.
Ulta beats expectations with comparable sales up 21.4 percent
Ulta has reported its results for the final quarter and full year of fiscal 2021. The US retailer saw net sales increase 24.1 percent to US$2.7 billion in the final three months of trading, which it attributed to stronger consumer confidence and fewer pandemic-related restrictions.
Chloe x Halle and Neutrogena champion emerging film talent
Neutrogena Brand Ambassadors, Chloe and Halle Bailey are championing nascent filmmakers via the Johnson & Johnson-owned brand’s First Frame Program, according to a report published by Variety.
Bleach London to hit shelves in Walmart
Following the launch of its first US salon last year, Bleach London has secured a spot on the shelves of one of the world’s largest retailers. WWD reports that the UK hair color brand has signed an exclusive deal with Walmart.
The Estee Lauder Companies suspends all commercial activity in Russia
The Estee Lauder Companies has announced that it is suspending all commercial activity in Russia, including closing every store it owns as well as its brand sites and shipments to retailers based in the country.
Prisoners injected with asbestos in Johnson & Johnson-funded study
‘Unsealed documents’ have revealed that Johnson & Johnson once funded a study in which prisoners were injected with asbestos in order to compare its effect on their skin versus talc, according to a report published by Bloomberg.
Nordstrom Q4 sales and earnings in line with fiscal 2021 outlook
Fashion and beauty retailer Nordstrom has reported a Q4 net sales increase of 23 percent versus the same period in fiscal 2020 and a 1 percent decrease versus the same period in fiscal 2019.
Olivier Bottrie set to retire as the Estée Lauder Companies’ Global President Travel Retail and Retail Development
The Estée Lauder Companies (ELC) has announced that Olivier Bottrie is set to retire from his position as Global President Travel Retail and Retail Development, effective 30 June, 2022.
Revlon reports a Q4 1.8 percent net sales fall
Revlon has reported Q4 net sales of US$615.2 million, down from US$626.6 million in the previous year at a 1.8 percent drop.
CVS files trademark for its pharmacy and health clinics in the metaverse
CVS has filed a patent for its pharmacy and health clinics in the metaverse, with the retailer looking to sell virtual goods, NFTs and provide health care services.
e.l.f Cosmetics launches first jewellery collaboration with Georgina Trevino on NTWRK app
e.l.f. Cosmetics has entered the jewellery market with its first collaboration with celebrity designer Georgina Trevino on the live-streaming shopping app NTWRK.
Walmart moves into luxury space; teams up with Space NK
Walmart has teamed up with Space NK to bring prestige beauty products to Walmart.com and 250 stores across the US this summer.
Ozon warns bond holders of impending delist
Russian e-commerce firm Ozon has warned that its US$750 million 1.875 percent senior unsecured convertible bonds, due 2026, became subject to a ‘delisting event’ at the close of play on March 8, 2022.
Perfect Corp merges with Provident Acquisition Corp
Perfect Corp has announced that it has entered into a definitive agreement with Provident Acquisition Corp for a business combination that would result in Perfect becoming a publicly traded company.
Kohl’s Q4 and FY2021: record eps as revenue grows 21.8 percent
Kohl’s has reported its results for the final quarter and full year of fiscal 2021. In the 12 months ended January 29, 2022, the department store chain saw revenue rise 21.8 percent to US$19,433 million.
Coty’s Wella stake now estimated at US$250 million
Coty has announced that it now expects to receive a shareholder distribution of US$250 million at a minimum from its equity stake in Wella, significantly above the previously announced US$175 million.
Target to invest up to US$5 billion to drive long-term growth
Target has announced its plan to invest up to US$5 billion to continue scaling its operations in 2022.
Beekman 1802 names new CEO
Beekman 1802 has named Jill Scalamandre CEO, replacing Tomei Thomas who will now serve as the company’s COO. Scalamandre serves as Chairwoman of the Cosmetics Executive Women organization and has more than 20 years of experience in leadership roles at global brands including Shiseido, Coty, Avon and Revlon.
Walmart signals wellness is the future with appointment of new head of beauty
Walmart has announced the appointment of Creighton Kiper as Vice President of Merchandising, Beauty, according to a report published by WWD.
Target Q4: 8.9 percent sales rise caps off a ‘year of record growth’
Target has announced its fourth-quarter and full-year 2021 results. The company saw sales grow 8.9 percent in the last three months of the financial year, and digital sales growth of 9.2 percent.
Clorox faces class action suit over alleged ‘forever chemicals’ in Burt’s Bees products
Clorox is facing a class action lawsuit alleging that its Burt’s Bees brand has advertised products as ‘natural’ without disclosing that they contain PFAS or ‘forever chemicals’, according to a report published by Classaction.org.
Bath & Body Works CEO to step down for health reasons
Bath & Body Works has announced that Andrew Meslow is to step down as Chief Executive Officer and as a Member of the Board of Directors due to health reasons, effective May 12, 2022.
Johnson & Johnson gets go ahead to use the bankruptcy system to resolve its multibillion-dollar talc litigation
A U.S. judge has approved Johnson & Johnson’s plans to use the bankruptcy system to resolve its multibillion-litigation regarding its talc products causing cancer, according to Reuters.
Mary Kay names Nathan Moore President, Global Sales and Marketing
Mary Kay has announced the appointment of Nathan Moore as President, Global Sales and Marketing, assuming responsibility for all Mary Kay markets around the world.
David Greenberg is appointed CEO L’Oréal USA, President of North America Zone
David Greenberg has been appointed as CEO of L’Oréal USA and President of North America Zone, effective immediately.
Macellum calls out Kohl’s over ‘anti-shareholder actions’
A long-term holder of almost 5 percent of Kohl’s Corporation shares, Macellum Advisors has issued a press release highlighting what it has dubbed the department store’s ‘anti-shareholder actions and poor corporate governance’.
L’Oréal USA to face lawsuit over Paris label
L’Oréal USA is facing a federal class action lawsuit over its prominent use of the word ‘Paris’ on its labels. The suit, which was filed by Dovel & Luner on behalf of a Californian consumer, alleges that the brand’s reference to the French capital is misleading as its products are manufactured in North America.
The Estee Lauder Companies suspends John Dempsey for posting racial slur
The Estee Lauder Companies is said to have suspended Executive Group President, John Demsey, without pay after he posted a meme featuring the N-word on his personal Instagram account, according to a report published by The Wall Street Journal.
Target to extend curbside services with contactless returns and Starbucks
Target has announced plans to enhance its popular same-day pickup services this fall. The company will begin testing an option for shoppers to add a Starbucks order or make a return within its fee, contactless curbside service via the Target app.
Glow Recipe launches into sun care sector
Glow Recipe has moved into the sun care sector with the launch of a new product named, Watermelon Glow Niacinamide Sunscreen SPF50, and billed as ‘Sunscreen You’ll Want to Wear’.
The EcoBeautyScore Consortium goes live with 36 industry players
Some 36 cosmetics companies and industry bodies have joined forces to form The EcoBeautyScore Consortium, which aims to develop an industry-wide environmental impact assessment and scoring system for beauty products.
Dow drafts in Locus Performance Ingredients to grow biosurfactant offer
Dow has announced an exclusive agreement with Locus Performance Ingredients to sell its line of high-performance and multifunctional soporolipid biosurfactants in the global personal care market.
The Beauty Health Company reports record Q4 2021
The Beauty Health Company has reported its results for the fourth quarter and full year of fiscal 2021. The owner of Hydrafacial said that it had exceeded its guidance for the 12-months after a record fourth quarter, with net sales of US$77.9 million.
Macy’s earnings beat industry expectations; won’t spin off online business
Macy’s has reported FY2021 comparable sales up 43.0% on an owned basis and up 42.9% on an owned-plus-licensed basis versus 2020; up 3.1% and up 3.0%, respectively, versus 2019.
Colgate-Palmolive launches Inspire our Future scholarship to support Black and African American students
Colgate-Palmolive has launched its Inspire our Future scholarship, which aims to encourage and support Black and African American students who demonstrate a sustained commitment to supporting their communities.
U.S. Food and Drug Administration (FDA) issues recall of Family Dollar products following rodent infestation
The U.S. Food and Drug Administration (FDA) has issued a voluntary recall of products sold by the Family Dollar store, due to a potential contamination due to a rodent infestation.
DTC brand Blueland raises US$20 million for new category and retail expansion
Direct-to-consumer brand Bluebell has announced a US$20 million investment that will be used for new category and retail expansion.
Adore Beauty Group reports record revenue for H1 2022
Adore Beauty Group has reported its results for the first half of fiscal 2022. The online beauty retailer recorded record revenue of US$113.1 million, driven by valuable returning customers.
Ulta names two new Board members
Ulta Beauty has announced that Kelly E Garcia, EVP and Chief technology Officer of Domino’s Pizza, and Gisel Ruiz, EVP and COO of Walmart’s Sam’s Club division, have been elected to its Board of Directors, effective immediately.
Kohls to open 400 new Sephora concessions in 2022
ns that will feature Sephora at Kohl’s this year, spanning 36 states, eight of which are brand new homes to Sephora at Kohl’s.
The Estée Lauder Companies forms strategic partnership with Farmingdale State College to support STEM Education and job opportunities
The Estée Lauder Companies (ELC) has formed a strategic partnership with Farmingdale State College (FSC) to support STEM education and job opportunities.
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