Unilever Q3 2023: sales up a ‘solid’ 5.2 percent but volume declines 0.6 percent
Unilever has reported its results for the third quarter of the current financial year. The UK-based FMCG manufacturer branded its 5.2 percent underlying sales growth as ‘solid’. Turnover dropped 3.8 percent to €15.2 billion as a result of disposals and currency fluctuations.
L’Oreal Italia names new President and CEO
L’Oreal Italia has named Ninell Sobiecka President and CEO, effective January, 2024. Sobiecka succeeds Emmanuel Goulin who was recently promoted to President of Travel Retail.
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.
L’Oreal to dump Decleor in derma shake-up
L’Oreal will no longer commercialize its Decleor brand. The French beauty giant will cease to offer the skin care range for retail.
Hermes Q3 2023: sales up 16 percent to €3,365 million
Hermes has published its results for the nine months to September 30, 2023 and third quarter. The luxury accessories label saw sales rise 16 percent versus to €3,365 million in the three months to September 30, 2023 versus the prior-year period, bringing yoy sales growth for the first nine months of the financial year to 22 percent at constant exchange rates.
Anna Bartle Joins CHANEL Sustainability
Anna Bartle has been appointed the Global Head of Sustainability Content and Engagement at CHANEL, reporting directly to the Chief Sustainability Officer, Kate Wylie.
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.
L’Oreal’s Mixed Results Amid Challenges
L’Oreal reported an increase in third-quarter sales, particularly in Europe and the United States, but experienced a decline in North Asia with sales down by 4.8%.
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.
Hermes keeps its eyes on the prize with eye make-up collection
Hermes has unveiled its first foray into the realm of eye make-up. The French designer’s new range, dubbed Le Regard, comprises a selection of mascaras, eyeshadow palettes and make-up brushes.
THG returns to growth but sticks to revised guidance
THG has reported its results for the third quarter of the current financial year. The UK owner of Look Fantastic saw revenue dip 2.1 percent on a constant currency basis for the three months to September 30, 2023.
Business is booming at Charlotte Tilbury; FY22 turnover up 38 percent
Charlotte Tilbury saw turnover soar an impressive 38 percent in the 12 months ended December 31, 2022. The UK, Europe, Australia and Middle East markets all contributed to this strong performance, for a total of £310.1 million.
Elemis teams up with Morro to develop plastic-free sampling sachets
Elemis has partnered with Morro-owner, Xampla to develop plastic-free, bio-degradable sample sachets.
Liha Beauty closes £1 million funding round
Liha Beauty has raised £1 million via a funding round led by private equity. The investment follows the £200,000 raised by the UK-based organic skin care brand pre-pandemic.
Maybelline installs building-scale AR mirror in Kyiv to promote new mascara
Maybelline New York teamed up with Ffface.me to install a building-scale AR mirror in Kyiv, Ukraine – said to be the world’s largest to date.
L’Oreal promotes La Roche Posay Brand President to Global Brand GM, Dermatological Beauty
L’Oreal has promoted Laetitia Toupet to Global Brand General Manager, Dermatological Beauty. The former Global Brand President for La Roche Posay joined the French beauty giant in 1998.
Orlando Capital Joins The Body Shop Bidding
Orlando Capital has entered the bidding process for The Body Shop, which was put up for sale by its parent company Natura &Co in September due to financial challenges.
Ex-Analysts Launch You’re Looking Well
Former financial analysts, Joe Bloomfield and Anthony Plom launched skincare microbiome brand You’re Looking Well.
German glitter sales soar as EU ban looms
German shoppers have been stockpiling glitter as an EU ban on microbeads approaches. Loose glitter will no longer be sold in the European Union from October 15 as part of a wider drive to reduce the release of microplastics into the environment.
Is the luxury boom over? LVMH Q3 revenue growth dips below double figures
LVMH has reported its results for the third quarter of fiscal 2023 and first nine months of the year. The French luxury conglomerate recorded organic revenue growth of 14 percent for the first nine months of 2023 versus the same period in 2022. In the third quarter, revenue grew 9 percent.
Elizabeth Arden names M&C Saatchi’s Talk as Global PR lead
Elizabeth Arden has named Talk as its lead Global PR Agency. The M&C Saatchi-owned agency will develop brand strategy and creative campaigns for the prestige beauty brand worldwide.
Boots shoppers crown Prada Paradoxe as 2023’s Ultimate Beauty Product
Boots has announced the winners of its second annual Beauty Awards. Customers of the WBA-owned pharmacy chain cast some 151,000 votes for their favourite products across 13 categories, crowning Prada Paradoxe Eau de Parfum as Best of the Best.
Superdrug throws lifeline to Wilko workers; on the hunt for 1000 holiday staff
Superdrug has launched a major recruitment drive in a bid to hire 1,000 additional sales assistants to cover the festive period. The AS Watson-owned retailer is expecting increased footfall over Black Friday, Advent and Christmas.
L’Oréal, Heinemann: Sustainable Travel Retail Push
L’Oréal Travel Retail and Gebr. Heinemann have formed a partnership aiming at sustainability within the travel retail industry.
Symrise Boosts Stake in Kobo Products
Symrise AG has increased its stake in Kobo Products Inc. to 49%, solidifying its involvement in the cosmetic pigment and powder sector.
Croda Cuts Profit Amid Slump
Croda, a significant supplier for cosmetics brands including Estee Lauder, has decreased its annual profit predictions due to declining demand, especially in its North American beauty care business.
IFRA and Cosmetics Europe welcome support from European Parliament for CLP revision
The International Fragrance Association and Cosmetics Europe have issued a statement welcoming the European Parliament’s support for the revision of the Regulation on the Classification, Labeling and Packaging of Chemical Substances and Mixtures (CLP).
L’Oreal offloads Sanoflore stake
L’Oreal has sold its stake in Sanoflore to Ekkio Capital and Sergio Calandri, Sanoflore’s CEO, for an undisclosed sum.
BASF cuts ribbon on offshore wind farm
BASF, Vattenfall and Allianz have inaugurated a jointly-owned 1.5 gigawatts wind farm in the North Sea. One of the largest in the world, the new offshore facility will supply renewable power to support BASF’s chemical production in sites across Europe.
Olaplex tackles dupes with viral social media campaign
Olaplex has been raising awareness of ‘dupe culture’ via a playful social media campaign. The hair care brand used social listening tools to identify how often it was being duped and launched Oladupe to demonstrate to shoppers that the only company that could recreate its patented formula is Olaplex itself.
Aurelius Group rumored to be in the running to buy The Body Shop
Aurelius Group has been named as the latest suitor for Natura &Co’s The Body Shop. The Brazilian beauty behemoth is said to be working with Morgan Stanley on a potential sale and could reach a provisional agreement with one of the interested parties by the end of the month.
L’Oreal cuts ribbon on UK HQ
L’Oreal has cut the ribbon on its new, purpose-built UK headquarters in London’s White City. The French beauty giant has moved al 1000+ head office employees into the new space.
LVMH CEO Investigated for Money Laundering
French prosecutors are currently investigating a transaction between Bernard Arnault, the CEO of LVMH, and a Russian businessman over suspicions of possible money laundering.
John Lewis Partnership Chairman Initiates Successor Search
Sharon White, Chairman of the John Lewis Partnership, has informed the Partnership Board that it is time to begin searching for her successor as her term nears its end.
Estée Lauder Announces New Paris Atelier to Boost Fragrance Innovation
The Estée Lauder Companies (ELC) is opening an Atelier in Paris following a 40% increase in fragrance sales since 2019.
Tesco Trials Sensitive Skin Section
Tesco has started a new sensitive skin section trial in some of its stores. This section is intended to make it easier for customers to find products suitable for sensitive skin.
Sale of THG headquarters falls through
The sale of Icon Business Park, home to THG’s headquarters, to ICG Real Estate has fallen through. Owner, THG Co-founder Matthew Moulding, had agreed to sell the property for £200 million in a sale/leaseback deal.
PZ Cussons announces preliminary results for FY23; LFL sales up 6.1 percent
PZ Cussons has announced its preliminary results for FY2023. The manufacturer of St Tropez said that it has delivered its third year of like-for-like revenue growth and made continued strategic progress, despite a challenging external backdrop.
Victoria Beckham launches fragrance line
Victoria Beckham Beauty has announced the launch of a line of luxury fragrances. The new line is said to autobiographical with each of the three scents inspired by a different recollection from the former Spice Girl’s life.
Exhibition celebrating Dior’s J’Adore scent opens in Paris
Dior is celebrating its best-selling scent with a special exhibition timed to coincide with Paris Fashion Week. Dior J’Adore! as the show at the Beaux-Arts de Paris has been dubbed, explores the fragrance’s heritage and link to the luxury brand’s design signatures.
Pierre Fabre Laboratories snaps up stake in women’s wellness brand, MiYé
Pierre Fabre Laboratories has acquired a minority stake in French women’s wellness start-up, MiYé.
Avon Expands Retail Reach: Partners with Superdrug for Enhanced Customer Access
Avon, the renowned global beauty brand, is expanding its retail presence by introducing its award-winning lineup of makeup, skincare, and fragrance products in 100 Superdrug retail stores across the UK, starting from 11th October and on Superdrug.com from 9th October 2023.
Coty Inc. Eyes Paris Listing Amid Sales Growth
Coty Inc., the U.S. beauty and fragrance company, is reportedly moving forward with a potential listing in Paris.
Revamping Radiance: H&M Beauty and Raóul Alejandre Unveil Collaborative Makeup Rebirth
H&M Beauty is embarking on a vibrant collaboration with Raóul Alejandre, reinvigorating its makeup brand with an exciting array of mascaras, blush, lipsticks, and more.
Rhode’s Colorful Leap into Europe
Hailey Bieber’s beauty brand, Rhode, is set to expand into a new arena: colour cosmetics.
Unilever to sell off Impulse, Timotei and St Ives?
Unilever is said to be reviving a plan to auction off its non-core personal care brands. The portfolio, which includes Timotei, St Ives and Impulse is known as Elida Beauty and generated US$760 million in revenue last year.
Inter Parfums elects new Board Member
Inter Parfums has announced that it has elected Gerard Kappauf to its Board of Directors. The company has also announced the retirement of Michel Dyens and Parick Choel, bringing the total number of board members to nine.
L’Oréal named as official sponsor of Orient Express Americas Cup team
L’Oreal has announced its official sponsorship of the Orient Express Racing Team, the French challenger for the 37th America’s Cup sailing competition.
Warpaint hails record first half as sales soar 46 percent
Warpaint has achieved record first half sales of £36.7 million in the six months to June 30, 2023. The London-based color cosmetics supplier reported a 46 percent rise yoy, with UK revenue up 28 percent and international revenue climbing 58 percent versus the prior-year period.
L’Oréal announces new executive hires; creates new role for L’Oréal China
L’Oréal has announced a number of important moves within its executive committee. Fabrice Megarbane will take on the Chief Global Growth Officer role following the retirement of Frederic Roze, while Vincent Boinay will step into Megarbane’s shoes as President of the North Asia Zone and CEO for L’Oréal China.
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