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.
Finance in 2022 – inflation, inflation, inflation
Whether as a result of the pandemic, supply shortages or price gouging, inflation started rising worldwide in mid 2021 and was only exacerbated at the start of 2022 as Russia invaded Ukraine, sending fuel prices soaring.
LVMH CEO Bernaud Arnault pips Elon Musk to take the title of world’s richest person
LVMH Chief Executive Bernaud Arnault has taken the title of world’s richest person, overtaking billionaire Elon Musk, which saw further drops in the share values of his electric car company Tesla, according to the Guardian.
L’Oréal names Omnicom Media Group as agency of choice for billion dollar U.S. media account
L’Oréal has awarded Omnicrom Media Group the U.S. media account following a formal review.
Lush gets £216.8 million investment from Silverwood Brands
Silverwood Brand has made a £216.8 million investment in Lush, purchasing a 19.8 percent stake.
The European Union edges closer to adopting carbon tax law
The European Union is said to be closer to adopting a carbon tax law that would apply a tariff on imports from countries that are failing to work to control greenhouse gas emissions, according to a report by the NY Times.
Antoine Arnault takes helm at Christian Dior SE
The eldest son of Bernard Arnault, Antoine Arnault has been named CEO of Christian Dior SE, the family holding company that owns the majority of the family’s stake in LVMH, according to a report published by Reuters.
Kylie debuts new scent Disco Darling
Scent Beauty and Kylie Minogue has announced the launch of the singer’s latest fragrance, Disco Darling.
Kering and L’Occitane partner on Climate Fund for Nature at COP15
Kering and L’Occitane have announced that they have partnered up to create the Climate Fund for Nature. The ambitious initiative will mobilize resources from the luxury fashion and beauty sectors to protect and restore nature.
LVMH pledges to safeguard biodiversity at COP 15
LVMH is presenting its plan to protect biodiversity at COP 15 in Montreal this week. The luxury goods conglomerate is announcing several initiatives in line with the Group’s commitments to biodiversity.
Ecover partners with Mr Men to launch Little Miss Waste Less
SC Johnson’s Ecover has teamed up with the Mr Men book series to launch a new character designed to encourage good habits in future generations, according to a report published by the Metro.
The Body Shop’s Global Retail Director resigns
Global Retail Director for The Body Shop, Linda Campbell has stepped down from her role at the Natura &Co-owned ethical beauty retailer, according to a report published by the Retail Gazette.
EU to ban goods linked to deforestation
The European Union has passed a new law which will impose import bans on products linked to deforestation, according to a report published by Reuters. Companies will be required to put together a due diligence statement proving that their supply chains are forest-safe in order to sell their wares in the bloc.
Evonik Industries mulls switch to short-time work
The Chief Executive Officer of Evonik Industries, Christian Kullmann has told the press that it could soon reduce its employees’ working hours, according to a report to Reuters.
Unilever becomes founding member of Cosmetics Europe Commit for our Planet Initiative
Unilever has announced that it has become a founding member of a new group of cosmetics and personal care businesses in Europe who are pledging to raise the bar on sustainable, ethical and responsible practices.
Lazari buys Fenwick New Bond Street store for £430 million
UK-based department store chain, Fenwick has sold its New Bond Street store in London to Lazari Investments for £430 million, according to a report published by Drapers.
Alibaba launches new marketplace Miravia in Spain
Alibaba has launched a new marketplace in Spain named Miravia, which is said to connect brands and content creators with consumers.
L’Oréal teams up with UK supermarket Sainsbury’s to bring AI shopping to the grocery category
L’Oréal has teamed up with UK supermarket Sainsbury’s to bring AI shopping to the grocery sector in the UK, according to a report by the Retail Bulletin.
Wella FY22: profit and sales above expectations in second year as standalone firm
Wella Company is celebrating a second successful year as a standalone company. The hair styling giant surpassed targets, delivering year-on-year double-digit profit and growth ahead of expectations in fiscal 2022.
Notpla wins The Earthshot Prize 2022
A London-based start-up, Notpla has been named a winner of the 2022 Earthshot Prize in the Build a Waste-Free World category. Notpla has developed an alternative to plastic made from seaweed and plants, which can be used to create a range of packaging materials.
Avon partners with Perfect Corp on personalised product recommendations and AR virtual try-on
Avon has partnered with Perfect Corp to launch a virtual try-on (VTO) online shopping experience in nine initial markets, including the UK.
Medical skincare clinic Sk:n Clinic renews partnership with Joint Council for Cosmetic Practitioners
UK-based medical skincare clinic group Sk:n Clinics has renewed its contract with the Joint Council for Cosmetic Practitioners, which they have partnered with since 2016.
Schwarzkopf launches new sustainable haircare range
Schwarzkopf has launched a new sustainable haircare range, promoting the range via a company by media company Connecting Plots.
Treatwell launches beauty and wellness booking system direct via Apple Maps
European online beauty and wellness booking company Treatwell has launched the ability for consumers to book appointments directly in Apple Maps.
Boohoo more than doubles stake in Revolution Beauty to become largest shareholder amidst accountancy probe
Boohoo has more than doubled its stake in Revolution Beauty to become the cosmetic brand’s largest shareholder.
L’Oréal delves further into green sciences with minority stake buy-out of French biotech Microphyt
L’Oréal has announced a strategic partnership with French biotech Microphyt, which sees L’Oréal’s venture capital fund, BOLD (Business Opportunities for L’Oréal Development) acquire a minority stake in the firm.
LVMH hosts Show Me event in Paris to promote and preserve the Métiers d’Excellence
LVMH has hosted its Show Me event in Paris, which is said to highlight a year of concrete initiatives that ‘bring generations together to pass on, celebrate and preserve the Group’s exceptional Métiers d’Excellence.’
L’Oréal unveils multi-brand partnership with Ready Player Me
L’Oréal has announced a new, multi-brand beauty partnership with Ready Player Me, the leading cross-game avatar platform for the metaverse.
L’Occitane lays out new corporate mission
L’Occitane Group has unveiled its new corporate mission statement: ‘With empowerment we positively impact people and regenerate nature’. The new corporate mission represents the next phase in the company’s ambitious transformation into a geographically balanced, multi-brand group.
L’Occitane reports record profit for 1H23 as net sales rise 29.3 percent
L’Occitane has reported a second consecutive record interim net profit of €63.9 million, for the first half of fiscal 2023, up 5.4 percent on the prior year period. Net sales increased 29.3 percent to hit €900.5 million, while operating profit rose 10.3 percent to €87 million.
PZ Cussons appoints Non-executive Director
PZ Cussons has announced the appointment of David Tyler as a Non-executive Director. Tyler is expected to be named Chair of the Board of Directors, succeeding Caroline Silver on March 31, 2023.
UpCircle achieves B Corp Certification
UpCircle has announced that it is now a certified B Corporation. The circular economy brand is one of only 3,500 to have passed a B Corp impact assessment out of 100,000 businesses that have applied.
Duolab partners with Frasers Hospitality
Duolab has teamed up with Frasers Hospitality to provide a personalized skin care guest amenity offer for Fraser Suites.
German firms need support to expand beyond China, says industry lobby
The Association of German Chambers of Industry and Commerce is calling for greater support to reduce their reliance on the Chinese market, according to a report published by Reuters.
Alessandro Michele steps down as Gucci Creative Director
Kering has announced that Alessandro Michele is to step down as Creative Director of Gucci, which he has been at the helm of since 2015.
Inter Parfums announces 2023 initial guidance
Inter Parfums has announced its initial 2023 guidance, expects 2023 net sales of US$1.11 billion, resulting in earnings per diluted share of US$3.70.
Superdrug signs 300 brands to newly launched health and beauty retailer marketplace
UK health and beauty retailer Superdrug has signed 300 brands to the newly-launched Superdrug Marketplace.
Are Unilever, L’Oréal and Procter & Gamble among UK’s biggest advertisers shunning TV advertising spend in favour of digital media?
More than two-thirds of the UK’s biggest advertisers are said to be cutting back on traditional television media in 2023, with the recession pushing them to digital media and last-minute promotions, according to a report by the Guardian.
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