Ukrainian government brands Unilever, P&G and Yves Rocher ‘International Sponsors of War’
Ukraine’s National Agency on Corruption Prevention has labelled Unilever, P&G and Yves Rocher as international sponsors of war. The classification follows a Russian mandate that all big firms operating in the country contribute directly to its war chest, according to a report published by The Guardian.
Evonik one step closer to becoming actives leader with acquisition of Novachem
Evonik has announced the acquisition of Novachem. The Buenos Aires-based sustainable cosmetic actives producer will strengthen the German ingredients supplier’s System Solutions portfolio in the Americas and beyond.
Tencent to open WeChat Pay to international tourists
Tencent is set to open up WeChat Pay to foreign visitors to China this month. Tourists will be able to link any card issued by Visa to the popular payment app and use it to pay for goods in mainland China, according to a report published by Reuters.
Boots No 7 maker to close Nottingham factory; hundreds of jobs at risk
The manufacturer of Boots No 7, Fareva, has initiated a consultation with staff at its Nottingham plant, according to a report published by BBC News. The cosmetics manufacturer is considering transferring all production to its other site in Wales.
Beiersdorf sets up Joint Innovation Lab with the German Cancer Research Center
Beiersdorf has established a Joint Innovation Lab with the German Cancer Research Center (DKFZ) aimed at preventing skin cancer and rejuvenating the skin.
L’Oréal, P&G and Unilever to trial ISBA’s cross-media measurement tool
L’Oréal, Procter & Gamble and Unilever are among the first firms to trial a cross-media measurement tool that has been described as ‘revolutionary’, according to a report published by Marketing Week.
Beiersdorf to review US$800 million ad spend
Beiersdorf has launched a global review of its media agencies, according to a report published by Ad Age quoting ‘sources’. The manufacturer of Nivea is thought to have spent US$800 million on measured media last year, and has four agencies of record globally.
Shein said to be poised to list on New York stock exchange
Shein has filed registration documents in advance of an initial public offering on the New York stock exchange, according to a report published by Reuters quoting ‘people familiar with the matter’ as its source.
Matas Group to create Nordic beauty leader with acquisition of Kicks Group
Matas Group has announced that it has signed an agreement with Axel Johnson to acquire Kicks Group for DKK1.366 million. The acquisition is expected to close in the third quarter of 2023 and will be fully debt financed.
Smashbox and Too Faced announce layoffs
Smashbox and Too Faced Cosmetics are set to make several staff redundant, according to a report published by Retail Dive. A total of 59 employees across both The Estee Lauder-owned brands have been notified of layoffs.
L’Oréal names Chief Diversity, Equity and Inclusion Officer, North America
L’Oréal has named Liliahn Majeed as Chief Diversity, Equity and Inclusion Officer, North America. She will report to David Greenberg, CEO, L’Oréal and President North America Zone, and join the L’Oréal USA management committee.
LVMH emerges as ESG fund favourite
LVMH has become a popular buy for ESG funds, according to a report published by Bloomberg. More than 1,200 funds hold shares in the French luxury conglomerate, and some 500 more are indirectly exposed, putting the owner of Dior and Louis Vuitton ahead of high-profile ‘green’ names such as Tesla.
P&G partners with Flipkart on Forests for Good program
Procter and Gamble has teamed up with Flipkart to launch a forest planting program in India, according to a report published by Fashion network. The Forests for Good initiative gave customers of the e-commerce giant and US FMCG manufacturer the chance to adopt trees digitally, in order to foster a sense of ownership among shoppers.
Dior’s spa cruise is back for Paris fashion week
Dior’s Cheval Blanc Paris spa experience has set sail along the Seine once again. The LVMH-owned designer brand’s Spa Cruise 2023 made a splash in the French capital yesterday for Haute Couture Week and will be moored at Port Henri IV through 14th July.
The Estee Lauder Companies launches sustainable store design program
The Estee Lauder Companies has unveiled a Responsible Store Design program to provide a framework for the assessment of new and existing retail stores. The initiative is designed to advance progress towards the US prestige beauty giant’s environmental targets.
Paco Rabanne to rebrand; launch make-up line
Paco Rabanne is poised to launch a make-up line, according to a report published by WWD. The Puig-owned fashion house’s move into cosmetics is part and parcel of a rebrand, with a new shortened name and visual identity.
Etude House reports record operating profit
AmorePacific’s Etude House has reported a record profit for the first quarter of the current financial year as its diversification strategy and store optimisation program pays off, according to a report published by The Korea Times.
Prose expands into skin care
Prose is expanding into the realm of skin care. The custom hair care brand is aiming to offer an alternative to mass-produced skin care with personalised formulas, powered by AI.
Pleasing names first CEO
Pleasing has announced the appointment of Shaun Kearney as its first Chief Executive Officer, effective July 17, 2023.
Mattel challenges Burberry trademark application
Mattel has challenged an attempt by British fashion house Burberry to register BRBY as a trademark. The manufacturer of Barbie dolls believe that the initials will be confused with its well-known toy line, according to a report published by Reuters.
Is WBA preparing to put Boots back up for sale?
Walgreens Boots Alliance has announced the planned closure of some 300 Boots UK stores, triggering speculation that the drug store giant is preparing to put the British pharmacy chain up for sale once again, according to a report published by The Guardian.
Zalando challenges EU over DSA classification
Zalando will challenge its classification under the European Union’s Digital Services Act in the Court of Justice; the first legal dispute to arise from the new legislation, according to a report published by Reuters.
AS Watson and AmorePacific boost strategic partnership to spread K-beauty fever across Asia
AS Watson and AmorePacific have signed an agreement to further strengthen the collaboration between them in order to expand the reach of the K-beauty manufacturer’s derma and premium skin care brands.
Shopify unveils Collabs Network
Shopify has unveiled a new application that merchants can use to seek out content creators to hire, according to a report published by WWD. Collabs Network, as the new tool has been dubbed, will connect brands and influencers.
TikTok moves into logistics ahead of social commerce push
TikTok is said to be partnering with a series of logistics firms in the UK and US, according to a report published by WWD. The Chinese social media giant is working with third-party fulfilment centers to offer merchants that sell on its platform the chance to store inventory and ship orders from a dedicated warehouse.
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