Beiersdorf Taps OMD: Pioneering Digital-First Media Strategy for Europe and North America
Beiersdorf selects OMD as its exclusive media agency and transformation collaborator for Europe and North America.
Walgreens Boots Alliance Announces Leadership Transition: Brewer Steps Down, Graham Steps In as Interim CEO
Walgreens Boots Alliance, Inc. (WBA) announced that Rosalind Brewer has resigned as CEO.
L’OCCITANE Blooms in Sustainability: Earns Coveted B Corporation™ Badge!
The L’OCCITANE Group announced that it is now a certified B Corporation™.
Canadian Shelves Get ‘Body’-licious: The Body Shop Joins Shoppers Drug Mart!
The Body Shop’s products will soon be available in 50 Canadian Shoppers Drug Mart outlets and online.
Amorepacific’s Aestura Brand to Debut in Japan
Amorepacific is set to introduce its derma cosmetic brand, Aestura, in Japan
Lush to ‘revolutionise the hair industry’; opens first hair salon
Lush is poised to launch its first hair salon in Brighton. The ethical cosmetics brand’s HairLab will take a holistic approach to hairdressing and barbering, cater for all hair types, reduce salon waste and feature a ‘spa for your head’.
Is C-beauty bouncing back? Profit rises at Shanghai Jahwa, Yunnan Botanee and Proya
A trio of C-beauty firms have all reported substantial rises in 1H 2023 profit, suggesting that the beauty market is bouncing back from its pandemic lows. Shanghai Jahwa, Botanee and Proya all saw profit climb in the high double digits in the six months to June 30, 2023.
LolaVie launches in Credo
Following its bricks and mortar debut into Ulta earlier this year, Jennifer Aniston’s hair care brand, LolaVie has hit shelves in Credo as part of a wider retail expansion strategy.
Madison Reed expands into Walmart
Madison Reed has announced its expansion into Walmart stores across the US and on Walmart.com.
Amazon’s Boldify relaunches to ‘deepen connection with consumers’
Amazon-native hair care brand, Boldify has relaunched in a bid to create an emotional connection with consumers and diversify its distribution.
Chanel promotes launch of Chance Eau Fraiche with pop up diner
Chanel is bringing glamour to the classic American diner. The French luxury brand is opening a pop-up diner in Brooklyn’s Williamsburg neighbourhood.
The Estee Lauder Companies to settle in 401(k) lawsuit
The Estee Lauder Companies has agreed to settle a class action lawsuit that alleges the US prestige beauty giant breached its fiduciary duties under the Employee Retirement Income Security Act (ERISA) by charging excessive fees.
Revlon announces a series of C-suite appointments as business transformation continues
Revlon has announced a series of strategic executive hires as part of its business transformation plan.
Reliance owner announces succession plan
The Chair of Reliance Industries, Mukesh Ambani has nominated his three children to the Board, while his wife, Nita, is set to surrender her seat.
Kering issues a four-tranche bond for €3.8 billion
Kering has issues a four-tranche bond for a total of €3.8 billion. The bond consists of two €750 million tranches, one with a two-year maturity and a 3.75 percent coupon and the other with a four-year maturity and a 3.625 percent coupon plus two further tranches.
Clinique makes eyes at new beauty niche; hires first ophthalmologist
Clinique has announced leading NYC-based ophthalmologist, Dr Ashley Brisette as its first guiding ophthalmologist. The Estee Lauder Companies-owned brand will tap Brisette’s expertise to develop new products and produce dynamic educational content for consumers and Consultants.
Lancôme unveils unprecedented collab with Musee du Louvre
Lancôme has elevated the collab to a whole new level of artistry. The L’Oreal-owned prestige make-up brand has teamed up with Musee du Louvre to create a new skin care and make-up collection.
Ulta Beauty raises guidance as Q2 sales and profit beat expectations
Ulta Beauty has reported its results for the second quarter of fiscal 2023. In the 13 weeks to July 29. 2023, the US beauty retailer saw net sales rise 10.1 percent versus the prior-year quarter to US$2.5 billion and gross profit increased 7.1 percent to US$928.2 million.
Elf Beauty to double skin care sales with acquisition of Naturium
Elf Beauty has announced that it has signed a definitive agreement to acquire Naturium for US$355 million. The cash and stock deal is expected to complete by the end of next month.
Yatsen Q2 2023: Net revenue drops 9.8 percent
Yatsen has announced its unaudited financial results for the second quarter of fiscal 2023. The Chinese beauty manufacturer saw net revenues drop 9.8 percent versus the prior-year period to RMB858.6 million.
Natura &Co to sell The Body Shop?
Natura &Co is said to be considering a sale of The Body Shop. The Brazilian beauty behemoth’s Board has greenlit a search for ‘strategic alternatives’ for the brand, including a potential sale.
Boots to open beauty-only concept store
In a departure from its traditional pharmacy model, Boots is opening a destination store for beauty-lovers at London’s Battersea Power Station development. The Walgreens Boots Alliance-owned chain has described the 11,200 sq ft space as a ‘beauty playground’.
‘The best way to manage disruption is to lead it’: P&G publishes Annual Report 2023
Procter & Gamble has published its 2023 Annual Report. The company highlighted that it has delivered another strong year in fiscal 2023, reporting net sales of US$82 billion, up 7 percent in organic terms, while core EPS growth rose 2 percent.
Shiseido to tempt back Chinese shoppers with launch of tourism platform
Shiseido has unveiled a new WeChat platform designed to promote the beauty of Japan to Chinese shoppers in collaboration with a variety of tourism partners, including Japan Airlines, Hankyu Hanshin Department Stores and Daimaru Matsuzakaya Department Stores.
Succession: Leonard Lauder to stand down from the ELC Board
The Estee Lauder Companies has announced that Chairman Emeritus, Leonard Lauder has decided not to stand for re-election to the company’s Board of Directors in November. He will remain in his role of Chairman Emeritus.
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