P&G Faces Criticism Over Withdrawn Forest Pledge
Procter & Gamble (P&G) has removed a pledge not to buy wood pulp from degraded forests from its corporate policy, which has led to criticism from environmental groups and investors
States Challenge 3M’s Proposed $10.3B Settlement Over ‘Forever Chemicals’ Pollution
A coalition of 22 states and U.S. territories, including California, Texas, and New York, oppose a proposed $10.3 billion settlement with 3M Co.
Cybersecurity Breach at Estée Lauder: A Potential $300M Sales Hit
According to a Barclays Capital analyst, Estée Lauder’s recent cyber attack can potentially impact its sales by approximately $300 million.
Bain Capital Eyes Ilooda Acquisition
Ilooda, a South Korean medical aesthetic device maker, is expected to sell its management rights to US private equity company Bain Capital LP.
J&J Strikes Back: Researchers Sued Over Talc-Cancer Connection Claims
Johnson & Johnson (J&J) is suing four researchers who reported a correlation between talc-based products and cancer.
TikTok moves into logistics ahead of social commerce push
TikTok is said to be partnering with a series of logistics firms in the UK and US, according to a report published by WWD. The Chinese social media giant is working with third-party fulfilment centers to offer merchants that sell on its platform the chance to store inventory and ship orders from a dedicated warehouse.
Canada to ban animal testing
Cosmetics animal testing will be banned in Canada after the government passed measures through the Budget Implementation Act, which will prohibit the sale of beauty products that have been tested on animals as well as those that rely on new animal testing data.
3M to settle for US$12.5 million in forever chemicals suits
3M is set to pay out US$12.5 million to settle several lawsuits bought by US cities that claim their drinking water has been contaminated by PFAS produced by the specialty chemicals manufacturer, according to a report published by The Wall Street Journal.
FDA to hold listening session to hash out Good Manufacturing Practices rules for cosmetics industry
The US Food and Drugs Administration has announced that it will hold a virtual listening session to consult cosmetics manufacturers on a proposed standard that would usher in quality management controls, among other good manufacturing practices.
Unilever’s emissions rise as demand for deodorants booms in US
Despite its ambitious sustainability agenda, Unilever has reported a 2 percent increase in greenhouse gas emissions thanks to a rising use of personal care products such as deodorant and hairspray in the wake of the pandemic, according to a report published by Bloomberg.
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