Bridgepoint announces acquisition of RoC Skincare
Bridgepoint fund, Bridgepoint Europe VII has announced that it has made a strategic investment in RoC Skincare. Under the terms of the deal RoC’s existing backer, Gryphon Investors, will sell its majority stake to Bridgepoint for an undisclosed sum.
Pamela Anderson named as Co-founder and owner of Sonsie Skin
Minimalist skin care brand, Sonsie Skin has announced that Pamela Anderson will join the brand as Co-founder and owner. Together, the brand and Baywatch star will reinforce and amplify the brand’s commitment to crafting skin care solutions that embrace the individual.
Henkel cuts ribbon on Shanghai R&D center
Henkel has cut the ribbon on its new Asia R&D center for Consumer Brands in Shanghai. The RMB100 million facility is the Schwarzkopf manufacturer’s largest in Asia.
Greg Renfrew returns to Beautycounter as CEO
Greg Renfrew has announced her return to Counter Brands to take the helm of Beuatycounter once more; she will resume her CEO title, effective February 1, 2024. Current interim CEO, Mindy Mackenzie will step down from her role, but continue to champion the brand as a member of the board.
P&G Q2 2024: sales up 3 percent but EPS drops 12 percent on back of Gillette writedown
Procter & Gamble has reported its results for the second quarter of fiscal 2024. The US-based FMCG manufacturer saw net sales rise 3 percent versus the prior year to US$21.4 billion. Organic sales increased 4 percent.
Kering Acquires Prime Fifth Avenue Retail Space
Kering, the luxury goods conglomerate, has purchased a significant property in New York City for USD 963 million (EUR 885 million)
Arkhouse Proposes Strategic Acquisition of Macy’s Inc
Arkhouse Management Co. LP, a significant stakeholder in Macy’s Inc., has publicly announced its interest in acquiring the retail giant.
Target Announces Key Leadership Changes for 2024
Target Corporation announces Michael Fiddelke as the new Chief Operating Officer, effective February 20
Sephora China CEO Resigns Amidst
Maggie Chan, CEO of Sephora Greater China, has resigned after a five-year tenure.
Revolutionary Magic Ink: Transforming Tattoo Artistry
Tattoo artist Keith “Bang Bang” McCurdy, famous for working with celebrities, has created a company, Hyprskn, to launch a new product called “Magic Ink.”
Natura &Co Ends NYSE Listing
Natura &Co has announced its plan to terminate its secondary listing of American Depositary Shares (ADSs) on the New York Stock Exchange (NYSE) while keeping its primary listing of common shares on the B3 stock exchange in São Paulo.
LVMH Announces New Fashion Leadership
LVMH has announced a significant change in its executive team: Michael Burke is appointed as the Chairman and CEO of the LVMH Fashion Group, effective February 1, 2024.
HUL Reports Quarterly Results Below Expectations
Hindustan Unilever (HUL), the Indian arm of Unilever, reported its quarterly results, which fell short of market expectations.
L’Oréal Canada Expands with ICON
L’Oréal Canada has announced that SalonCentric Canada, a subsidiary of the company, will acquire the operations of ICON SALON SYSTEMS, a privately owned full-service distributor based in British Columbia (BC).
IFF Collaborates with Bellona for Norwegian Seaweed Forest Restoration
IFF, a global industry leader in food, beverage, home and personal care, and health, has partnered with the environmental NGO Bellona to undertake the Norwegian Marine Restoration (NoMaRe) project.
Kim Kardashian to relaunch make-up range
Kim Kardashian has revisited her color cosmetics offer and is poised to relaunch her make-up line under the Skkn by Kim banner. The range is said to build upon her previous two make-up collections, drawing on the reality TV star’s extensive experience of near-daily glam throughout her 20-year career.
Saudi Arabia’s Nice One plans IPO
Saudi beauty retailer, Nice One is poised to list on the stock exchange. The online cosmetics seller is said to have invited banks to tender for the deal, although further details, such as the timing and size of the IPO are yet to be revealed.
Coupang and LG Household & Health Care bury the hatchet
Coupang and LG Household & Health Care have reconciled after a five-year dispute over cancelled orders. LG H&H will sell its Elastin, Perioe, CNP, O’Hui and Sum 37˚ on the platform once more.
Cascadia acquires Threadstone Capital
Cascadia Capital has announced that it will acquire Threadstone Capital. Under the terms of the deal, Threadstone’s investment banking team will join Cascadia’s Consumer, Retail & E-commerce group. Financial terms were not disclosed.
Debut launches first beauty brand, Deinde to tackle ‘inflamm-aging’
L’Oreal backed incubator, Debut has unveiled its first beauty brand. Deinde as the new line has been dubbed is a skin care line comprising three products aimed at addressing trending concern, ‘inflammaging’.
L’Oreal invests in Swiss biotech company, Timeline
L’Oreal’s venture capital fund, BOLD has acquired a minority stake in Timeline. The Swiss biotech company has developed a proprietary molecule that is said to recycle and rejuvenate aging mitochondria. Financial terms of the deal were not disclosed.
Compass Diversified acquires The Honey Pot Company
Compass Diversified has announced that it has signed a definitive agreement to partner with The Honey Pot Company, purchasing a majority stake in the feminine care brand for an enterprise value of US$380 million.
SaSa Q3: Sales soar 36.7 percent as recovery continues apace
SaSa International has announced its unaudited results for the third quarter of the current financial year. Sales hit a total of HK$1,182.2 million in the three months to December 31, 2023, up 36.7 percent yoy.
The Estee Lauder Companies appoints Vice President, Corporate Affairs & Communications, UK&I
The Estee Lauder Companies has announced the appointment of Venetia Varney as Vice President, Corporate Affairs & Communications, UK&I.
Keratase names Sydney Sweeney as Global Ambassador
Keratase has named Sydney Sweeney as Global Brand Ambassador. The White Lotus star is poised to appear in two high-profile releases this year and is popular among Gen Z and millennial audiences.
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