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.
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.
LVMH joins up with TikTok to tackle counterfeits
LVMH is said to be in talks with TikTok in a bid to fight the fakes. The social media app and luxury goods conglomerate are hoping to team up to tackle the issue of counterfeit goods being sold via the platform.
UK launches probe into Unilever’s ‘green’ claims
The UK’s Competition and Markets Authority (CMA) has announced that it will scrutinise ‘green’ claims made by Unilever via a formal investigation after an initial review uncovered some ‘concerning practices’.
YSL Beaute heads to Parliament with Women’s Aid to fight gender-based violence
YSL Beaute has teamed up with Women’s Aid in a bid to raise awareness of gender-based violence in the UK. The L’Oreal-owned beauty brand’s Abuse Is Not Love campaign aims to educate 2 million people worldwide on the signs of abuse by 2030.
Court Orders Animal Testing Reinstatement
The General Court of the European Court of Justice ruled that Symrise AG, a German cosmetics manufacturer, must conduct animal testing on two ingredients used in sunscreens.
KaDeWe dodges cyber attack with help from Berlin police
KaDeWe has narrowly averted becoming the victim of a cyber attack, with help from the Cyber Crime Unit of the Berlin police. The department store had to switch to emergency operation mode briefly while the threat was neutralized.
Unilever settles in trademark dispute over Not Done Yet catch phrase
Unilever has settled in principle in a case over its use of the catch phrase ‘Not Done Yet’ to market its Degree deodorant brand. The UK-based FMCG manufacturer was challenged by the I’m Not Done Yet Foundation. Terms of the settlement have not been disclosed.
Farfetch-Yoox Deal Gets EU Approval
European authorities have approved Farfetch’s acquisition of a 47.5% stake in Yoox Net-A-Porter (YNAP) from Richemont.
France Regulates Social Media Influencers
The French Parliament has unanimously passed a bipartisan bill aimed at regulating social media influencers, introducing penalties like jail time or fines for violations.
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