Conde Nast opens tech lab in Bengaluru
Conde Nast has announced the launch of a Technology Lab in Bengaluru, India. As part of the launch, the publishing house will recruit some 60 employees this year, expanding to a team of 300 by 2021’s close.
THG acquires premium skincare brand Perricone MD
THG has announced the acquisition of premium U.S. skincare brand Perricone MD for $60 million in cash.
Beiersdorf partners with Plan International; focus on girls’ empowerment and fight against COVID-19 in Latin America
Beiersdorf has announced a new partnership with Plan International, an independent organization for development cooperation and humanitarian aid, in a bid to support girls’ empowerment and assist in the fight against COVID-19 in Latin America.
Reckitt Benckiser eyes sale of personal care brands; focuses on hygiene and health
Reckitt Benckiser is said to be eyeing the sale of some of its non-core personal care brands, including Veet and Clearasil, according to a report by Reuters.
PZ Cussons Q1: Revenue jumps 23 percent as COVID ups demand for personal care
PZ Cussons has announced its results for the first quarter of the current fiscal year. In the three months to August 31, 2020, the UK-based manufacturer of St Tropez and Imperial Leather saw revenue jump 23 percent.
Boots’ landlord accuses pharmacy chain of taking advantage of COVID-19 crisis
Walgreens Boots Alliance’s UK-based drugstore chain, Boots, stands accused of taking advantage of the evictions ban designed to protect retailers struggling to pay rent following COVID-19 closures to secure more advantageous lease terms, according to a report published by the Financial Times.
Chanel raises €600 million bond with climate clauses
Chanel has issued a €600 million sustainability-linked bond containing clauses connected to its environmental targets, according to a report published by Reuters.
The Body Shop launches CBD range
The Body Shop has launched its first CBD-based skin care range. The Natura &Co-owned brand’s Founder Dame Anita Roddick was a trailblazer when she ushered in the Hemp collection and the ethical beauty line is now embracing the CBD trend.
Unilever teams up with Google Cloud to drive sustainable sourcing through cloud computing
Unilever has announced a new partnership with Google Cloud that will see the personal care giant use its technologies to find solutions for sustainable palm oil, while avoiding its activities being responsible for deforestation.
Procter & Gamble, Unilever and Colgate-Palmolive top chart as ‘world’s worst offenders’ for plastic pollution
Beauty and personal care giants Procter & Gamble, Unilever and Colgate-Palmolive have been named as being amongst the top 10 biggest plastic polluters worldwide in a new report from The Changing Markets Foundation, named ‘Talking Trash: The Corporate Playbook of False Solutions.’
Boots’ new recycling scheme offers consumer rewards
UK health and beauty retailer Boots has announced a new recycling scheme in collaboration with Scan2Recycle, which will allow consumers to scan empty products from any beauty brand and receive reward points in return.
Dutch shareholders vote in favor of Unilever move to London
Dutch shareholders have voted in favor of Unilever’s proposed unification of its Group legal structure under a single parent company.
La Prairie welcomes Coty exec to Vice President role
La Prairie has announced a reorganization of its board structure with the creation of a new Vice President role and reassignment of portfolios.
LVMH submits Tiffany purchase to European Commission
LVMH has confirmed that it has submitted its proposed takeover of US jewellery brand Tiffany for approval by the European Commission.
L’Oréal makes Refinitiv 2020 Diversity & Inclusion Index’s top 10
L’Oréal has been named in the top 10 of companies worldwide ranked by Refinitiv’s 2020 Diversity & Inclusion Index.
Unilever puts part of UK R&D site up for sale
Unilever has listed a section of one of its oldest UK sites for sale, according to a report published by North West Place.
P&G ups investment in Turkey
Procter & Gamble is planning to up its investment in Turkey, according to a report published by the Anadolu Agency.
L’Oréal and Kering founding sponsors for Hi! Paris research centre
L’Oréal and Kering are amongst the five founding sponsors of the new Hi! Paris research centre, according to WWD.com.
THG shares surge as company raises $2.4 billion in an IPO to ride digital Wave
The Hut Group has raised $2.4 billion in a London initial public offering (IPO), a move which sent the company shares soaring up to 32 percent.
Chanel appoints Agathe Derain into newly created Head of Human Rights sustainability role
Chanel has announced the appointment of Agathe Derain into the newly created position of Head of Human Rights, Corporate Sustainability, effective 1st September.
L Brands sells majority stake of Victoria’s Secrets’ UK business to British retailer Next
L Brands has entered into a joint venture (JV) with British retailer Next, who will a acquire a 51 percent majority stake in Victoria’s Secrets UK and Ireland, which is currently in administration.
John Boyega steps down as Jo Malone ambassador over China row
John Boyega has stepped down as Global Brand Ambassador for Jo Malone London after The Estee Lauder Companies-owned perfume brand substituted him in the ad he conceived and starred in with local ambassador, Liu Haoran, for a version of the spot aimed at the Chinese market.
No more airport shopping: UK calls time on duty free
The UK government has announced that it will no longer allow VAT exemptions for goods purchased in the UK or at its airports, ports and Eurostar stations after January 1, 2021, according to a report published by The Independent.
Garnier to plant 400,000 trees to help reach net zero emissions
L’Oréal’s Garnier brand has teamed up with carbon balancing app Almond on a reforestation project which aims to plant some 400,000 trees by the end of October as part of the brand’s ambition to achieve net zero emissions, according to a report published by Business Green.
Tesco to trial drone delivery
Tesco is set to trial drone delivery in Ireland, according to a report published by KFGO, quoting Reuters.
& Other Stories trials beauty vending machine
H&M’s & Other Stories brand is trialling a vending machine in store at its Galeries Lafayette branch, according to a report published by Fashion United.
Maybelline launches UK make-up recycling scheme
L’Oréal-owned Maybelline New York has launched what is said to be the UK’s biggest make-up recycling scheme, in collaboration with TerraCycle.
Tiffany to sue LVMH over stalled take-over bid
Tiffany has announced it is to sue LVMH over the deliberate stalling of its takeover deal, worth $16bn, according to a report by the Financial Times.
LVMH North America appoints Corey Smith VP of Diversity and Inclusion
LVMH North America has drafted in Corey Smith to boost diversity throughout the luxury goods group via the newly created role of Vice President of Diversity and Inclusion, according to a report published by WWD.
L’Oréal Paris Elvive debuts 100 percent recycled plastic bottle
L’Oréal Paris Elvive has announced that it will deliver bottles that can not only be recycled but will be made from 100 percent recycled plastic also, saving 7000 tonnes of plastic globally every year.
Geka celebrates EcoVadis Platinum award
Geka has been awarded a Platinum grade by prestigious business sustainability rating provider EcoVadis, placing the brush manufacturer among the top 1 percent of companies assessed worldwide.
Unilever to axe petrochemicals from entire cleaning range
Unilever has announced a rethink of the chemistry behind its cleaning ranges. The new strategy, named Clean Future will see its most popular cleaning and laundry brands become lower carbon and lower waste, without compromising on performance.
Unilever scientists unveil how blue light can cause skin damage akin to the midday sun
Unilever has unveiled a study that showcases how blue light from tech devices can damage the skin to a similar extent as standing in the midday sun without protection for 25 minutes.
L’Occitane announces changes to travel retail leadership team
L’Occitane has announced key changes to its travel retail leadership changes, with Ekaterina Ievleva having been appointed L’Occitane Group General Manager TR EMEA & Americas.
Cardi B announced as the new face of Balenciaga
Rapper Cardi B has been unveilved as the new face of Balenciaga, with the first image from the fashion house’s winter 2020 campaign being displayed on the side of the Louve, Paris.
BBC THREE SHOW ‘Skin’ raises awareness of skin conditions such as eczema and acne
British TV channel the BBC has announced a new series, set to launch on BBC Three, which aims to debunk misconceptions about popular skin conditions such as eczema and acne.
L’Oréal launches second Employee Share Ownership plan
L’Oréal has announced the launch of its second Employee Share Ownership Plan, with the share purchase price being set on 14th September, 2020.
Spanish singer Rosalía announced as MAC’s newest Viva Glam Ambassador
Spanish singer Rosalía has been named as MAC’s newest Viva Glam Ambassador.
Estée Lauder workers at Dublin Airport to plan industrial action over job culls
Estée Lauder workers at Dublin Airport are said to be planning to ballot for industrial action following news that the company aims to enforce compulsory redundancies and ask staff to reapply for fewer jobs, according to the independent.ie.
L’Oréal Paris launches at-home hair color service, Haircolor Concierge
Following unprecedented demand for hair colorants during COVID-19 quarantine, L’Oréal Paris has announced the launch of its new Haircolor Concierge service.
Givaudan places focus on China and acquisitions to bolster 2025 growth plans
Givaudan has announced that a continued focus on China, acquisitions, and smaller and local customers will enable it to grow 4-5 percent on average until 2025, according to a report by Reuters.
Primark introduces new energy efficient delivery trucks
Budget fashion and beauty retailer Primark has introduced new energy efficient delivery trucks, which are said to help drastically reduce its carbon footprint in the UK.
The Hut Group Founder set to receive one of the largest windfalls in corporate history as company floats
The Hut Group’s (THG) Founder is set to receive some £700 million in shares thanks to a share-based incentive scheme based on the company’s valuation in 2022, two years post its planned flotation, according to a report published by The Times.
Luxury holds its breath as Chanel London flagship listed
The resilience of luxury London property is about to be put to the test as the owner of Chanel’s Bond Street store lists the space for sale, according to a report published by The Times.
Inglot Cosmetics enters into liquidation
Inglot Cosmetics has become the latest victim of the COVID-19 pandemic as its owners announced that it would place the Irish holding company into liquidation, according to a report published by the Irish Times.
Era Zero Waste to launch milkman-style service for personal care
Era Zero Waste is set to become the first company in the DACH and Scandinavia regions to launch an e-commerce system inspired by the traditional milkman model. Era’s products can be refilled at the customer’s home via a bike refill station or carbon-neutral mail.
Nobu Hospitality to cut ribbon on Portland Square hotel and wellness facility this fall
Nobu Hospitality has announced that it will cut the ribbon on its latest London project this winter, after having its planned summer opening postponed due to COVID-19.
UK government ushers in targets for biodiversity, air quality, water and waste
The UK government has committed to setting legally binding targets for biodiversity, air quality, water and waste, according to a report published by Edie.
Unilever pilots geospatial analytics to monitor palm oil suppliers
Unilever has announced that it is set to launch a pilot with Orbital Insight, a US tech company that specialises in geospatial analytics, to help monitor its palm oil supply.
Douglas dodges downward spiral as sales recover in June
Douglas has announced that its sales have stabilised following a weeks-long period in which the GVC has significantly impacted the retail industry.
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