Teen passion for Sol de Janeiro pushes L’Occitane’s Q3 sales up 18.9 percent
L’Occitane has announced an unaudited quarterly update for the third quarter of the current financial year. The natural cosmetics firm saw sales rise 19.5 percent at reported rates in the three months to December 31, 2024 to €1,915.3 million.
Tarte Cosmetics marks 25th anniversary with Kindness Tour
Tarte Cosmetics has announced that it will mark its 25th anniversary with global, year-long tour featuring charity-driven activations in 25 cities to giveback to the communities that have contributed to the brand’s success.
Cosmax sets up dedicated sun care lab
Cosmax has announced the establishment of a dedicated OTC lab for sunscreen products within its R&I Center in South Korea. The facility will serve as a specialized laboratory that supports an entire process of sunscreen product production from research to manufacturing.
EU to bill beauty manufacturers for microplastic clean up
The European Union has drafted a regulation that, if formally adopted, will require cosmetics manufacturers to cover some 80 percent of the cost required to tackle the pollution caused by microplastics.
Walmart offers stock grants in bid to incentivise store managers
Walmart has ushered in a new incentive aimed at incentivising and retaining its store managers. The US retail behemoth is offering stock grants that could amount to a considerable pay increase for those heading up the most successful stores.
KaDeWe Faces Administration Amid Crisis
Germany’s iconic department store, KaDeWe, has entered administration due to financial difficulties within René Benko’s Signa Group, which co-owns KaDeWe’s operating company and separately owns the building.
John Lewis Plans Major Job Cuts
The John Lewis Partnership, which owns John Lewis and Waitrose, is considering eliminating up to 11,000 jobs across its 76,000-strong workforce over the next five years.
Pilavachi Leads L’Oréal at Wavemaker
Alexia Pilavachi has been appointed as the L’Oréal Global Media Lead at Wavemaker, reporting to Alex Altman, the Global Client President and Head of B2B.
NACD and e.l.f. Boost Board Diversity
The National Association of Corporate Directors (NACD), representing about 24,000 directors across the US, has partnered with e.l.f. Beauty.
Ultra Violette Secures US$15M Investment
Ultra Violette, an Australian sunscreen brand, has received a US$15 million investment from Aria Growth Partners.
LVMH Reports Strong 2023 Growth
LVMH Moët Hennessy Louis Vuitton reported €86.2 billion in revenue, a 13% increase from the previous year, with most business groups showing strong performance, except for Wines & Spirits.
Suave Brands Acquires ChapStick Brand
Yellow Wood Partners announced that Suave Brands Company will acquire the ChapStick brand from Haleon.
Amorepacific Rebrands to AP
Amorepacific has rebranded to AP.
Jupiter Secures US$ 3M for Expansion
Jupiter, a premium hair and scalp care brand, secured US$3 million in an extended seed funding round with investments from Willow Growth Ventures and Springdale Ventures.
Heinemann Buys Out JR/Duty Free
Gebr. Heinemann has acquired full ownership of JR/Duty Free Israel by purchasing the remaining shares from James Richardson Group (JR/Group) in a joint venture that began in 2018.
Target bets on wellness to boost sales; 1,000 wellness products hit shelves
Target is stocking its shelves with more than 1,000 wellness products to support its customers on their wellness journey. The new products span multiple categories from apparel to supplements and tech.
Native debuts whole body deodorant
Native has announced the launch of a line of deodorant sprays and sticks designed to offer odor protection for the whole body. Offering 72-hour freshness all-over, the products are designed for use on underarms, chest, underboob, privates and feet.
SK-II sales hit as anti-Japanese sentiment builds in China
Procter & Gamble has revealed that its SK-II brand saw sales dive 34 percent in the three months to December 31, 2023. However, the US FMCG giant was quick to point out that its premium skin care brand has bounced back from a similar slump before and is expected to do so again.
Axe gains PETA approval and joins Beauty Without Bunnies program
Unilever’s Axe has gained approval from People for the Ethical Treatment of Animals (PETA). The accreditation will see the deodorant brand join its stablemates on the Beauty Without Bunnies program.
Burt’s Bees and Hidden Valley Ranch lip balm collab sells out in record time
First KFC, then Girl Scout Cookies and now Hidden Valley Ranch has bought its signature flavors to the beauty sphere. The salad dressing brand teamed up with Burt’s Bees to launch a limited edition range of lip balms based on the classic flavors of its Ranch, Buffalo Sauce, Crunchy Celery and Fresh Carrot sauces.
Chanel creates industry alliance to improve traceability
Chanel has formed an alliance of 15 beauty manufacturers with the goal of improving traceability within the industry. The Traceability Alliance for Sustainable Cosmetics is sponsored by the Federation des Enterprises de la Beaute and aims to address traceability at scale.
Neutrogena faces class action over preservative content
A class action lawsuit has been filed in a New York federal court alleging that Neutrogena’s T/Sal Therapeutic Shampoo is being falsely marketed as ‘preservative free’.
Scent Beauty scoops All Saints fragrance license
Scent Beauty has announced that it is adding the All Saints fragrance franchise to its growing portfolio. The partnership will be kick-started with a trio of scents that has been developed by Firmenich.
Molton Brown opens Malaysia flagship
Kao has launched its Molton Brown brand onto the Malaysian market with the opening of a flagship store in the Exchange TRX Mall, Kuala Lumpur.
Schwarzkopf names Modern Family star Sofia Vergara as Global Ambassador
Schwarzkopf has named Sofia Vergara as Global Ambassador. The actor, best known for her role in Modern Family, will front the Henkel-owned brand’s What story will you tell? campaign this spring.
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