LVMH Reports Strong 2023 Growth
LVMH Moët Hennessy Louis Vuitton reported €86.2 billion in revenue, a 13% increase from the previous year, with most business groups showing strong performance, except for Wines & Spirits.
Suave Brands Acquires ChapStick Brand
Yellow Wood Partners announced that Suave Brands Company will acquire the ChapStick brand from Haleon.
Amorepacific Rebrands to AP
Amorepacific has rebranded to AP.
Jupiter Secures US$ 3M for Expansion
Jupiter, a premium hair and scalp care brand, secured US$3 million in an extended seed funding round with investments from Willow Growth Ventures and Springdale Ventures.
Heinemann Buys Out JR/Duty Free
Gebr. Heinemann has acquired full ownership of JR/Duty Free Israel by purchasing the remaining shares from James Richardson Group (JR/Group) in a joint venture that began in 2018.
Target bets on wellness to boost sales; 1,000 wellness products hit shelves
Target is stocking its shelves with more than 1,000 wellness products to support its customers on their wellness journey. The new products span multiple categories from apparel to supplements and tech.
Native debuts whole body deodorant
Native has announced the launch of a line of deodorant sprays and sticks designed to offer odor protection for the whole body. Offering 72-hour freshness all-over, the products are designed for use on underarms, chest, underboob, privates and feet.
SK-II sales hit as anti-Japanese sentiment builds in China
Procter & Gamble has revealed that its SK-II brand saw sales dive 34 percent in the three months to December 31, 2023. However, the US FMCG giant was quick to point out that its premium skin care brand has bounced back from a similar slump before and is expected to do so again.
Axe gains PETA approval and joins Beauty Without Bunnies program
Unilever’s Axe has gained approval from People for the Ethical Treatment of Animals (PETA). The accreditation will see the deodorant brand join its stablemates on the Beauty Without Bunnies program.
Burt’s Bees and Hidden Valley Ranch lip balm collab sells out in record time
First KFC, then Girl Scout Cookies and now Hidden Valley Ranch has bought its signature flavors to the beauty sphere. The salad dressing brand teamed up with Burt’s Bees to launch a limited edition range of lip balms based on the classic flavors of its Ranch, Buffalo Sauce, Crunchy Celery and Fresh Carrot sauces.
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