Unilever opens global AI laboratory
Unilever has opened a global Artificial Intelligence (AI) Laboratory in Toronto, Canada. The UK-based FMCG giant’s new facility has been dubbed Horizon3 Labs and is party of a wider investment in tech across the business.
L’Oreal prices €1.5 billion dual tranche bond
L’Oreal has announced that it has priced a public bond offering for €1.5 billion. The offering comprises two tranches: a €800 million, three-year fixed rate bond paying 3.375 percent per annum; and a €700 million, six-year fixed rate bond paying 3.375 percent per annum.
Tesco unveils huge beauty drop online
Tesco is following in the footsteps of the likes of Amazon and upping its beauty game. The UK-based supermarket has added some 300 beauty products to its website, from well known brands such as Rimmel and Sally Hansen.
Alibaba snaps up minority interest in Vietnamese beauty chain, Hasaki
Alibaba is said to have agreed to buy a minority stake in Vietnamese beauty retailer Hasaki via its International Digital Commerce Group unit.
Kohl’s President and COO quits after 8 months in the role
Kohl’s President and COO, Dave Alves has left the company after a mere 8 months at the department store and will not be replaced.
Walgreens Pays to Offload Boots Pension
Walgreens is set to pay £1 billion to offload the Boots pension scheme, a move reported by The Sunday Times
Unilever Announces Layoffs at NY Plants
Unilever has announced it will lay off 169 employees at two of its New York manufacturing plants in Amityville and Farmingdale, effective April 2024.
Thomas Myers Appointed PCPC President
The Personal Care Products Council (PCPC) has appointed Thomas F. Myers as its new president and CEO, effective from January 2024.
Haut.AI Secures Funding for AI-Driven Skincare
Haut.AI, a European company at the forefront of generative AI in the beauty and skincare industry, has raised €2 million in seed funding from LongeVC and the venture capital arm of Grupo Boticário shareholders.
POLA ORBIS Restructures for China
POLA ORBIS HOLDINGS INC. has resolved to establish a new subsidiary focused on its operations in China, a decision made by its Board of Directors on November 20, 2023.
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