New Unilever Philippines facility to increase production by 15 percent
Unilever Philippines has ramped up production by 15 percent thanks to an €80 million investment in a state-of-the-art facility.
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.
Garnier partners with Great Barrier Reef Foundation
Garnier and the Great Barrier Reef Foundation have announced a multi-year partnership to support the survival of the world’s largest coral reef system.
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.
MAV Beauty Brands adds Beattie to its Board
MAV Beauty Brands has announced that Scott Beattie has joined its Board of Directors as an Independent Director, effective immediately. Following his appointment, Jeffrey Barber and Kathy Mayor have resigned from the Board.
Kao to sell a third of beauty portfolio as profits continue to fall
Kao is mulling the sale of several non-core cosmetics brands in a bid to return to profit. The Japanese owner of Molton Brown is forecasting a further drop in net profit for 2023.
Is Dr Barbara Sturm’s eponymous brand up for sale?
Just months after an investment from Oprah Winfrey, Dr Barbara Sturm’s eponymous skin care brand is said to be up for sale.
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