Teen passion for Sol de Janeiro pushes L’Occitane’s Q3 sales up 18.9 percent
L’Occitane has announced an unaudited quarterly update for the third quarter of the current financial year. The natural cosmetics firm saw sales rise 19.5 percent at reported rates in the three months to December 31, 2024 to €1,915.3 million.
Tarte Cosmetics marks 25th anniversary with Kindness Tour
Tarte Cosmetics has announced that it will mark its 25th anniversary with global, year-long tour featuring charity-driven activations in 25 cities to giveback to the communities that have contributed to the brand’s success.
Cosmax sets up dedicated sun care lab
Cosmax has announced the establishment of a dedicated OTC lab for sunscreen products within its R&I Center in South Korea. The facility will serve as a specialized laboratory that supports an entire process of sunscreen product production from research to manufacturing.
EU to bill beauty manufacturers for microplastic clean up
The European Union has drafted a regulation that, if formally adopted, will require cosmetics manufacturers to cover some 80 percent of the cost required to tackle the pollution caused by microplastics.
Walmart offers stock grants in bid to incentivise store managers
Walmart has ushered in a new incentive aimed at incentivising and retaining its store managers. The US retail behemoth is offering stock grants that could amount to a considerable pay increase for those heading up the most successful stores.
KaDeWe Faces Administration Amid Crisis
Germany’s iconic department store, KaDeWe, has entered administration due to financial difficulties within René Benko’s Signa Group, which co-owns KaDeWe’s operating company and separately owns the building.
John Lewis Plans Major Job Cuts
The John Lewis Partnership, which owns John Lewis and Waitrose, is considering eliminating up to 11,000 jobs across its 76,000-strong workforce over the next five years.
Pilavachi Leads L’Oréal at Wavemaker
Alexia Pilavachi has been appointed as the L’Oréal Global Media Lead at Wavemaker, reporting to Alex Altman, the Global Client President and Head of B2B.
NACD and e.l.f. Boost Board Diversity
The National Association of Corporate Directors (NACD), representing about 24,000 directors across the US, has partnered with e.l.f. Beauty.
Ultra Violette Secures US$15M Investment
Ultra Violette, an Australian sunscreen brand, has received a US$15 million investment from Aria Growth Partners.
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