Univar signs distribution agreement with InDerma Laboratories
Univar has announced an exclusive distribution agreement with ImDerma Laboratories. Under the terms of the deal, Univar will offer ImDerma’s ingredients on the US market for the first time.
Olehenriksen to make Ulta debut
Olehenriksen will hit shelves in Ulta Beauty stores in the New Year. The Scandi skin care brand will be stocked in 700 stores across the US and on the Ulta website.
Madonna unveils limited edition collab to mark her The Celebration Tour
Madonna has teamed up with Jarrod Blandino to create a limited edition collection to coincide with her Celebration Tour. The collection will launch as the North American leg of the tour kicks off this winter.
Lionel Messi to debut fragrance line at Cosmoprof North America
Lionel Messi is set to unveil his fragrance brand at Cosmoprof North America. The footballer created his first scent with Game On Product Group and it is set to hit shelves in 2024.
Founder vows to challenge sale of Uoma Beauty
The Founder of Uoma Beauty, Sharon Chuter has vowed to challenge the sale of her brand to MacArthur Beauty after the private equity firm announced the purchase of the black-owned brand’s intellectual property.
Revolution Beauty names President for North America
Revolution Beauty has named Erin Cast President of its North America unit. Cast joins from Mars where she held the role of General Manager, Royal Canin. Prior to that, she served as CMO, Global Consumer Beauty at Coty.
SkinCeuticals Unveils SkinLab™ in Atlanta
SkinCeuticals, a leading skincare brand, has opened SkinCeuticals SkinLab™ Atlanta in partnership with Dr. Michael Kelly
Estée Lauder Launches Skin Longevity Platform
Estée Lauder has introduced its new Skin Longevity platform, focusing on age reversal and skincare science.
Kamloops Sephora Workers Negotiate for Improved Conditions
The Sephora store in Kamloops, the only unionised Sephora in North America, is negotiating with UFCW Local 1518 over worker conditions
Sally Beauty Debuts Digital Colorist
Sally Beauty has introduced “Licensed Colorist OnDemand” across the United States, a free digital service offering hair colour consultations from licensed professionals.
P&G names new Board Member
Procter & Gamble has named Ashley McEvoy to its Board of Directors. McEvoy is best known for her three-decade-long career with Johnson & Johnson, culminating as Executive Vice President, Worldwide Chairman of MedTech.
Sephora names 2024 cohort for Accelerate program
Sephora North America has announced the names of eight BIPOC brand founders who have been selected to join its 2024 Accelerate program. The cohort spans the hair care, make-up, skin care and fragrance categories.
Rare Beauty debuts body care range
Rare Beauty is set to unveil a new body care line. The brand has opened a waitlist for its Find Comfort Body Collection.
Major Bid to Privatise Macy’s
Arkhouse Management and Brigade Capital have put forward a significant proposition to acquire Macy’s for $5.8 billion,
E.l.f. Launches Bitmoji Lipstick Promo
E.l.f. Cosmetics has partnered with Snapchat for a unique promotion, introducing the “Bitmoji Beauty Drop” for their O Face Satin Lipstick.
Gillette’s New Gaming-Focused Campaign
Gillette announced the launch of the “Hit Reset with Gillette” campaign, targeting the gaming community to promote grooming post-gaming.
Class Action Suit Hits Estee Lauder
A class action lawsuit has been filed against The Estee Lauder Companies Inc. in the U.S. District Court for the Southern District of New York.
Pantone Unveils 2024 Color: Peach Fuzz
Pantone has chosen Pantone 13-1023 Peach Fuzz as its color for 2024.
Christie Brinkley and Xcel Brands announce Joint Venture
Xcel Brands has announced that it has formed a joint venture with actor and entrepreneur, Christie Brinkley to develop a lifestyle and apparel brand, named Twrhll.
Hailey Bieber’s Rhode names President and Chief Brand Officer
Rhode’s Head of Brand, Lauren Ratner has been promoted to President and Chief Brand Officer. Her appointment follows the departure of CEO Melanie Bender.
Procter & Gamble shares tumble following US$2.5 billion Gillette writedown
Procter & Gamble’s shares dropped 2 percent in early trading earlier this week after the US FMCG giant announced a US$2.5 billion write down over two years for its Gillette brand. A US$1.3 billion non-cash impairment charge before tax would be recorded in the current quarter, ending December 31, 2023.
Ulta Beauty names next CFO as Settersten to retire
Ulta Beauty has announced that Scott Settersten is set to retire as Chief Financial Officer, effective April 1, 2024 and Paula Oyibo, SVP Finance, will succeed him, reporting to Dave Kimbell, CEO.
Pharmavite corners women’s health market with purchase of Bonafide Health for US$425 million
Pharmavite has announced that it has acquired Bonafide health for US$425 million. Other commercial terms of the deal were not disclosed. The menopause care firm will expand and complement Pharmavite’s existing women’s health business.
Elf unveils immersive AR mural
Elf Beauty has teamed up with Southpaw to create an immersive AR mural as part of the beauy brand’s Express Your Elf campaign. The mural was designed by illustrator Laura Greenan and portrays rap artist and face of the campaign, Meduulla.
Varsity Spirit to debut beauty line
Cheerleading apparel brand, Varsity Spirit is set to unveil its first foray into the world of beauty with the launch of a line of products inspired by, and designed for spirit athletes in partnership with Batallure Beauty.
Amyris Sells Brands Amid Bankruptcy
Amyris, a bankrupt biotech company, has auctioned off four of its beauty brands to various buyers.
Bed Bath & Beyond Sues MSC
Bed Bath & Beyond’s bankruptcy estate, now named DK Butterfly, has filed a lawsuit against Mediterranean Shipping Co. (MSC) with the Federal Maritime Commission, seeking $300 million.
Sharon Otterman Appointed CMO at Macy’s
Macy’s, Inc. announced Sharon Otterman as their new Chief Marketing Officer.
Ulta Beauty Reports Mixed Growth
Ulta Beauty, Inc. announced its financial results for the third quarter and the first nine months of fiscal year 2023.
Liz Rodbell returns to Hudson’s Bay, this time as President and CEO
Hudson’s Bay has announced the appointment of Liz Rodbell as President and CEO. Rodbell is an HBC veteran, having served as President of Hudson’s Bay from 2013-2017.
3M, DuPont and Corteva prevail in PFAS class action
A US appeals court has found in favor of 3M, Corteva and DuPont et al in a class action lawsuit that sought to charge circa 10 chemicals manufacturers with contaminating the environment via the production and supply of PFAS.
Google drafts in Vogue executive as MD of Tech, Media and Telecoms
Google has announced that it has appointed Vanessa Kingori as Managing Director of Tech, Media and Telecoms. Kingori joins from Conde Nast Britain, where she is Chief Business Officer and Vogue European Business Adviser.
Klarna expands growth tools for retailers
Klarna has announced the expansion of its growth tools for retailers and creators to help them engage with their audiences in more effective wats and enhance the shopping experience for customers.
The party’s over: Disco ceases trading and files for bankruptcy
Men’s skin care brand, Disco has ceased trading and filed for Chapter 7 bankruptcy. The brand is said to have between 50 and 99 creditors and estimated liabilities of between US$1 million and US$10 million.
Inter Parfums Forecasts Robust Growth
Inter Parfums, Inc. has announced its financial projections for 2024, expecting net sales to reach $1.45 billion and earnings per diluted share of $5.15.
Consumer Caution Marks Holiday Shopping
Black Friday sales in the U.S. have shown consumers are spending cautiously, signalling a potentially subdued holiday shopping season.
Mary Kay Joins Global Shea
Mary Kay Inc., a global beauty brand, has joined the Global Shea Alliance (GSA), a non-profit focused on creating a sustainable and competitive shea industry.
Dior cuts the ribbon on Saks Fifth Avenue takeover
Saks and Dior have cut the ribbon on their collaborative holiday campaign with the launch of an exclusive World of Dior digital pop-up on Saks.com and the unveiling of the department store’s New York flagship’s 10-storey-high light show.
Saks owner cashes in real estate to shore up retail arm
Rumors have been swirling around the financial stability of department store chain Saks with several beauty brands said to have placed the US retailer on credit hold. However, owner HBC has announced that it will pump US$340 million in cash into its retail operations thanks to the sale of assets from its US$7 billion real estate portfolio.
Kohl’s Q3: Net sales down 5.2 percent but gross margin on the up
Kohl’s has reported its results for the third quarter of fiscal 2023. The US department store chain reported net sales of US$3.8 billion, down 5.2 percent from the year-ago quarter, but gross margin grew 158 basis points to 38.9 percent.
Nordstrom Q3 2023: net sales dive 9.4 percent but profit rising
Nordstrom has reported its results for the third quarter of fiscal 2023. Total company net sales fell 6.8 percent while the eponymous US department store saw net sales decrease 9.4 percent and gross merchandise value fell 9.8 percent compared to the prior year quarter.
Unilever opens global AI laboratory
Unilever has opened a global Artificial Intelligence (AI) Laboratory in Toronto, Canada. The UK-based FMCG giant’s new facility has been dubbed Horizon3 Labs and is party of a wider investment in tech across the business.
Kohl’s President and COO quits after 8 months in the role
Kohl’s President and COO, Dave Alves has left the company after a mere 8 months at the department store and will not be replaced.
Unilever Announces Layoffs at NY Plants
Unilever has announced it will lay off 169 employees at two of its New York manufacturing plants in Amityville and Farmingdale, effective April 2024.
Thomas Myers Appointed PCPC President
The Personal Care Products Council (PCPC) has appointed Thomas F. Myers as its new president and CEO, effective from January 2024.
Walgreens Pharmacy’s Close for Thanksgiving
Walgreens Boots Alliance has announced an unprecedented decision to close nearly all its stores and pharmacies on Thanksgiving Day.
Sephora Revises Fragrance Sales Strategy Amid Rising Thefts
Sephora has revamped its approach to selling fragrances in response to increased store thefts.
Bath & Body Works Reports Mixed Q3 2023 Results
Bath & Body Works, Inc. has released its financial results for the third quarter of 2023, revealing various achievements and challenges.
Annie Jackson Appointed CEO of Credo Beauty
Credo, a company known for its commitment to sustainable beauty, has appointed its co-founder and COO, Annie Jackson, as the new CEO.
Target Q3: Sales drop 4.9 percent but profit beats expectations
Target has announced its results for the third quarter of fiscal 2023. The US retailer said that its revenue of US$25.4 billion (-4.2 percent) was consistent with expectations, while its profit beat analysts’ forecasts, with adjusted EPS up 36.3 percent to US$2.10.
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