European Citizens’ Initiative to save animal testing ban gains 1.2 million signatures
The Save Cruelty Fee Cosmetics – Commit to a Europe Without Animal Testing European Citizens’ Initiative has garnered some 1.2 million expressions of support from EU citizens, comfortably over the 1 million required.
LVMH FY2022: revenue hits new records and profit soars 23 percent
LVMH has announced its results for the 2022 financial year. The luxury goods conglomerate saw revenue rise 23 percent to a record €79.2 billion and profit leap 23 percent to €21.1 billion.
P&G to open central distribution center for Europe in Greece
Procter & Gamble is expanding its logistics heft in Europe with the opening of a supply chain and logistics hub in Greece serving the European market, according to a report published by Hellenic News.
Univar Solutions snaps up Kale Kimya
Univar Solutions has announced that it has signed an agreement to acquire Turkish specialty chemicals distributor, Kale Kimya.
Elemis announces status as a Certified B Corp
L’Occitane-owned Elemis has announced its status as a Certified B Corp, which follows a two-year process.
Twinco Capital raises US$12 million: focus on expansion
Twinco Capital has announced it has closed a US$12 million equity and debt round in order to expand its supply chain finance platform.
Beiersdorf extends WWF partnership for more sustainable palm oil production in Indonesia until 2026
Beiersdorf has extended its partnership with the World Wildlife Fund for Nature (WWF) and will continue to support the nature conservation organization’s project in West Kalimantan, the Indonesian part of the island for the coming four years.
L’Oréal UK partners with Net Zero Now to support high street hair salons take climate action
L’Oréal UK has partnered with Net Zero Now on the initiative Net Zero Salons Programme, which enables hair salons across the UK and Ireland to achieve net zero.
Interparfums records record Q4 sales; announces double digit revenue growth FY 2022
Inter Parfums has announced that for the three months ended December 31, 2022, net sales rose to a record US$311 million, a 47 percent increase from US$211 million in the fourth quarter of 2021.
L’Oréal-owned NYX launches online beauty ‘incubator’ in form of DAO named Gorjs
L’Oréal-owned NYX Professional Makeup has launched a DAO named Gorjs as an online beauty ‘incubator’ as well as 1,000 Ethereum NFTs called FKWME pass, according to a report by L’Oreal Finance.
Portugal orders recall of L’Oréal products over banned ingredient
Portugal’s equivalent of the FDA, Infarmed – Autoridade Nacional do Medicamentos e Produtos de Saude has ordered a recall of L’Oreal-branded cosmetics containing a banned ingredient, according to The Portugal News.
The great exodus? Business as usual for international firms in Russia including Clarins and Braun
Those who followed the news this time last year will no doubt be surprised to discover that, despite the splashy headlines, some 550 international companies have yet to cease trading in Russia, according to a report published by Euronews quoting a study conducted by Yale.
The Estee Lauder Companies names VP/GM of Jo Malone London UK & Ireland
The Estee Lauder Companies has named Rachel Baker as Vice President General Manager of Jo Malone London UK & Ireland, effective March 1, 2023.
Conde Nast to move out of Vogue House
Conde Nast has announced that it will be moving its London offices from their iconic Hanover Square location, according to a report published by The Guardian. The published will relocate from Vogue House to the Adelphi building in Embankment by next January.
All the tea on Sephora’s hotly anticipated UK store
Sephora has confirmed the location and specifics of its hotly anticipated UK store. The LVMH-owned retailer re-launched onto the UK market last autumn with an online store and is set to follow up with a bricks and mortar site in March, according to a report published by The Independent.
Nivea develops cosmetic sunscreen for child erythropoietic protoporphyria sufferer
Beiersdorf-owned Nivea has created a cosmetic sunscreen for a child sufferer of the condition erythropoietic protoporphyria (EPP).
Skincare brand Olehenriksen appoints fashion designer Anine Bing as first Global Scandi Brand Advisor; marks 40th anniversary
Skincare brand Olehenriksen has announced the appointment of fashion designer Anine Bing as its first Global Scandi Brand Advisor.
Skincare brand Augustinus Bader expands into professional beauty with first London Treatment Centre in partnership with Lanserhof
Skincare brand Augustinus Bader has launched its first London treatment centre in partnership with Lanserhof, according to a report by WWD.com.
Lancôme targets Gen Z audience with appointment of Emma Chamberlain as new Global Ambassador
L’Oréal-owned Lancôme has announced the appointment of a new face of the brand, content creator Emma Chamberlain.
Harrods partners with waste management business MyGroup on trial recycling scheme
British luxury retailer Harrods has partnered with Yorkshire-based waste management and recycling business, My Group, on a trial scheme to recycle used cosmetics products in the one of the retailer’s H Beauty stores.
Chanel expands travel retail presence; opens fashion and beauty spaces at Paris Roissy-Charles de Gaulle Airport
Chanel has expanded its travel retail presence by opening fashion and beauty spaces at Paris Roissy-Charles de Gaulle Airport, within Terminal One.
Trinny London: sales hit £23.7 million but net profit modest
Trinny London has filed its accounts for the year to March 2022. The brand, which was founded in 2017 by stylist Trinny Woodall, saw sales hit £23.7 million and turnover reach more than £50 million, according to a report published by the Daily Mail.
L’Oréal steps into Web3 with investment in Digital Village
L’Oréal’s venture capital fund, BOLD has announced a minority investment in Digital Village. The US-based start-up offers new, scalable technologies for the creation and interaction of digital identities and assets in virtual worlds.
WWF debuts Risk Filter Suite at Davos
WWF has unveiled a Risk Filter Suite to help companies understand nature-related risks and mitigate against them, contributing to a more sustainable future.
Symrise participates in Series A round Ignite Venture Studio
Symrise has announced that it will participate in a Series A funding round for Ignite Venture Studio.
Not just a pretty face: Stella by Stella McCartney debuts Stella Voices
Stella skin care has announced a collaboration with five global pioneers, known for their advocacy and innovation in the fields of environmental and social activism and philanthropy.
LMR Naturals by IFF unveils carbon footprint calculation for fragrance
LMR Naturals by IFF has unveiled the fruits of a three-year quest to develop a calculation to determine the carbon footprint of a fragrance. The team worked with Carbone 4 to develop the methodology.
World Economic Forum 2023 kicks off in Davos-Klosters
The World Economic Forum Annual Meeting 2023 commenced in Davos-Klosters today. The program of the 53rd annual meeting focuses on solutions and public-private cooperation to tackle the world’s most pressing challenges.
Tangle Teezer eyes future growth with launch of innovation panel
Tangle Teezer has announced a new innovation advisory board panel, which will see global business leaders and experts in retail, haircare, technology, ESG and scientific communities help bolster future growth of the company.
Medmix continues Asia expansion with acquisition of Guangdong Qiaoyi Plastic Co
Medmix has continued its Asia expansion with the acquisition of a majority stake in Guangdong Qiaoyi Plastic Co, a beauty manufacturing business in Shantou.
L’Oréal Paris collaborates with RobbiART on limited edition Chinese New Year collection
L’Oréal Paris has collaborated with collectible toy brand RobbiART on a limited edition collection featuring gift boxes and art toys, according to a report by Jing Daily.
LVMH announces new appointments at Louis Vuitton and Christian Dior
LVMH has made new appointments at Louis Vuitton and Christian Dior, with Pietro Beccari, who has headed Christian Dior Couture since 2018, becomes Chairman and Chief Executive Officer of Louis Vuitton.
GPA Global announces acquisition of packaging company Cosfibel Group
GPA Global has announced the acquisition of Cosfibel Group, a luxury packaging, gifting and merchandising player.
UK health and beauty retailer Boots named as official beauty partner for TV show Love Island
UK health and beauty retailer Boots has been named as the official beauty partner for the third series in a row of ITV2’s TV show Love Island.
L’Oréal invests in Prinker Korea
L’Oréal’s corporate venture fund, BOLD has announced a minority investment in micro-printing firm Prinker. Terms of the deal were not disclosed.
L’Oréal unveils two new technology prototypes at CES 2023
L’Oréal has unveiled two new technology prototypes at CES 2023, including HAPTA and L’Oréal Brow Magic.
Unilever named among ‘dirty dozen’ that have failed to properly exit Russia
Unilever has been named amongst the ‘dirty dozen’ that have failed to properly exit Russia since Vladimir Putin’s attack on Ukraine, according to a report by City A.M.
L’Oréal appoints new Managing Director for France operations
L’Oréal has announced the promotion of Céline Brucker to General Manager L’Oréal France.
Henkel signs VPPA with IGNIS
Henkel has signed a 10-year Virtual Power Purchase Agreement (VPPA) with Spanish renewables firm IGNIS relating to two new solar power plants in Spain, due to go live in summer 2024.
Benamor to supply products to TAP Air Portugal
Portuguese beauty brand Benamor has partnered with TAP Air Portugal and will supply the airline with toiletries for its business class amenity kits and lounge as well as hand soap for aircraft, according to a report published by Simple Flying.
Interparfums signs global license agreement for Lacoste fragrance
Interparfums has announced that its Paris-based subsidiary and Lacoste have signed a worldwide exclusive 15-year fragrance license agreement, effective immediately.
The Perfume Shop racks up record Christmas sales
Despite train and Royal Mail strikes, severe weather and the cost of living crisis, The Perfume Shop saw sales soar in the run up to Christmas 2022, according to a report published by This is Money. The UK retailer sold a record 1.8 million fragrances between November 28 and December 24.
Beiersdorf snaps up S-Biomedic
Beiersdorf has announced that it has purchased a majority stake in Belgian life science firm, S-Biomedic. The German owner of Nivea has invested in the skin microbiome specialist previously as part of its corporate venture capital activities. The purchase price was not disclosed.
Henkel spins off Russian unit
Henkel has announced the spin off of its Russian unit, according to a report published by Reuters.
Tech in 2022 – can’t touch this
What were we expecting of technology in 2022? Well, after the dominance of internet shopping over the prior two years, more of the same, with bells on. All bets were on livestreaming, already a dominant trend in China, booming in the west.
Retail in 2022 – shopping around
After the ravages of 2020 and 2021, retailers could have been forgiven for hoping for a smoother ride at the start of 2022. Pandemic restrictions were lifted, IRL shopping was back and even travel was resuming. So far, so hopeful.
Regulation in 2022 – clampdown
Cruelty free cosmetics and product safety have long been the dominant regulatory issues faced by the cosmetics industry but, in 2022, we saw lawmakers turn greater attention to greenwashing and the environmental impact of the products on offer too.
Products in 2022 – cashing in
In our humble opinion, 2022 wasn’t a year of huge innovation. Launches were subdued compared to pre-pandemic but if there was one prevailing trend among the launches of the year it was celebrity, celebrity and a bit more celebrity.
Marketing in 2022 – all aboard the bandwagon
If there was one thing that defined marketing practices in both halves of 2022, it was not just jumping but positively leaping on the marketing bandwagon of the day.
Manufacturing in 2022 – grinding to a halt
At the start of the year, manufacturers were gearing up for growth. With the end of Covid restrictions in the west and omicron receding, it was back to business.
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