Huda Kattan: beauty has an inclusivity problem
Huda Kattan thinks that the beauty industry has a long way to go before it can consider itself inclusive. The owner of Huda Beauty said that representation is moving ‘at a snail’s pace’ and that the beauty industry is sexist.
L’Occitane becomes a €1 billion business as first half net sales surge 24.9 percent
L’Occitane has reported its results for the first half of fiscal 2024. The French natural cosmetics company saw net sales surge 24.9 percent to tip its total over the €1 billion mark. Operating profit rose 11.8 percent.
L’Oreal: We have maintained a ‘limited’ presence in Russia
L’Oreal CEO Nicolas Hieronimus has admitted that the French beauty giant continues to operate in Russia, albeit in a ‘limited’ capacity. The manufacturer of Maybelline operates a plant south of Moscow, which manufactures shampoos, hair dye, and hygiene and baby products.
Greenpeace exposes Unilever’s empty plastic promise
Greenpeace has published a report claiming that Unilever’s plastic footprint has not decreased at all since it committed to using ‘less plastic, better plastic or no plastic’ and to cut virgin plastic use in half by 2025.
Marubeni pins hopes on Southeast Asia growth with Osaji investment
Marubeni has announced that it has sealed a capital allowance deal to underwrite a third-party allotment of new shares by Osaji. The Japanese firm will invest some ¥1 billion in Osaji, which was spun off from Nitto last month.
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.
Yatsen Q3 2023: Revenue dives 16.3 percent to RMB718.1 million
Yatsen has announced its unaudited results for the third quarter of 2023. The Chinese beauty firm saw revenue fall 16.3 percent versus the prior-year period to RMB718.1 million, which it attributed primarily to its colour cosmetics brands.
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.
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