Unilever to freeze CEO pay until 2026 after shareholders reject remuneration report
After Unilever’s shareholders rejected its remuneration report in May, and following meetings with a series of its largest investors, the UK-based FMCG giant has determined to freeze CEO Hein Schumacher’s pay.
Lush to open London spa
Lush has announced the opening of a new location in London’s Covent Garden. The space will operate as a festive pop up in the lead up to the holidays before being expanded to include a spa in spring 2024.
Chanel creates new role: Director of Ideation and Creative Influence Strategies
Chanel has announced the appointment of Nadege Winter as Director of Ideation and Creative Influence Strategies. In this newly created role, Winter will craft strategic concepts for major upcoming influence programs as well as create and grow an ‘influence council’.
AmorePacific Q3: sales drop 5.7 percent but net profit soars from shareholding gains
AmorePacific Group has reported its results for the third quarter of the current financial year. The K-beauty behemoth saw net sales drop 5.7 percent yoy to KRW963.35 billion, while operating profit decreased 13 percent.
The Estee Lauder Companies Q1 2024: Outlook lowered as sales plummet 10 percent
The Estee Lauder Companies has reported its results for the first quarter of fiscal 2024. The US prestige beauty giant reported net sales of US$3.52 billion in the three months ended September 30, 2023, down 10 percent from the prior-year period.
Sephora names Deborah Yeh Global Chief Marketing Officer
Sephora has announced the promotion of Deborah Yeh to Global Chief Marketing Officer. Yeh will take over from Steve Lesnaud, effective November 3.
Clariant buys Lucas Meyer for US$810 million
Clariant has announced that it has agreed to acquire Lucas Meyer Cosmetics from IFF for US$810 million. The deal is subject to regulatory approval and is expected to close early next year.
Tmall to offer aesthetics treatments; Hydrafacial makes its debut
The Beauty Health Company has announced the launch of its first DTC sales channel on Tmall. The Californian firm’s flagship brand, Hydrafacial will offer a series of skin health treatment packages via the Chinese e-commerce platform, which can then be redeemed at a verified provider.
SOS teams up with Ulta Beauty to boost in-store product discovery
SOS has announced an exclusive partnership with Ulta Beauty aimed at boosting in-store product discovery.
Lush debuts on Ulta’s website
Lush has announced a first-of-its-kind wholesale partnership with Ulta. The ethical cosmetics brand will sell a select range of its products via the US beauty retailer’s website.
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