Shiseido snaps up Dr Dennis Gross Skincare
Shiseido has announced that it has signed a definitive agreement to acquire Dr Dennis Gross Skincare. Financial terms of the deal were not disclosed. The impact on Shiseido’s financial results in 2024 will be revealed at a later date.
The Body Shop achieves vegan certification for all products
The Body Shop has announced that it has become the first global beauty brand to achieve 100 percent vegan product formulations across all ranges.
Native launches collection inspired by Girl Scout cookies
P&G-owned Native has unveiled a limited edition range inspired by America’s Girl Scout Cookies. The collection comprises deodorant, body spray, body wash, shampoo and conditioner in a range of scents inspired by the popular baked goods.
Johnson & Johnson shareholders given green light for class action over talc cases
A US federal judge has granted shareholders permission to launch a class action lawsuit against Johnson & Johnson for allegedly hiding the asbestos content of its talc products. Johnson & Johnson continues to maintain that its products are safe and do not contain asbestos.
Unilever buys premium hair care brand K18
Unilever has announced the acquisition of premium hair care brand, K18. Financial terms of the deal were not disclosed. The purchase is expected to be completed by the close of the current quarter.
Avon Halts Russian Business Sale
According to a report in the Kommersant daily, Natura & Co-owned Avon has suspended plans to sell its business in Russia.
Françoise Bettencourt Meyers Hits $100 Billion Milestone
Françoise Bettencourt Meyers, L’Oréal heiress, becomes the first woman to amass a US$100 billion fortune.
China Suspends Imports from Japanese Cosmetics Firm Hoyu Co
China’s medical regulator has suspended imports from Japanese cosmetics company Hoyu Co after conducting an online inspection of its factory in Japan.
Douglas Achieves Record Sales in 2022/23
Douglas, a premium beauty retailer in Europe, ended its 2022/23 financial year with adjusted net sales of 4.1 billion euros, a 12.1% increase from the previous year.
Wendy C. Arlin Joins Kohl’s Board of Directors
Wendy C. Arlin has joined Kohl’s Board of Directors as an independent director.
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