The chief executive officer of beauty and wellbeing company Unilever has announced his intention to step down from his position at the end of 2023. Alan Jope, who is set to retire, has been with the British firm for over 35 years and has served as CEO for almost five years. The Unilever board of directors has said it will be proceeding with a...
26 Sept 2022
The Estée Lauder Companies (ELC) has announced a new licence agreement with luxury brand Balmain which will see the duo work together in developing, producing and distributing Balmain Beauty. In a release, ELC said that the new line is expected to launch in autumn 2024 and will aim to “transform the luxury and couture beauty world” through...
The Estée Lauder Companies has appointed Justin Boxford as global brand president, effective September 1, 2022. Boxford, the company said, succeeds Stéphane de La Faverie, whose promotion to executive group president was part of an organisational evolution announced recently. In his new role, Boxford reports to La Faverie and will continue to...
Beauty conglomerate L’Oréal has revealed it has signed an agreement to acquire Skinbetter Science, a medical-dispensed skincare brand focused on dermatological science. At its headquarters in Arizona, US, the brand’s leadership team will continue to run the business following its acquisition. It will be integrated under the leadership of...
23 Sept 2022
Harrods has announced the launch of a new loyalty programme specifically curated for its beauty customers. MyBeauty, which comes as part of Harrods Rewards, will allow members to access a number of benefits, including earning points on beauty products, event invites and exclusive promotions throughout the year. The reward programme is tailored...
Following the announcement regarding its delayed financial report, Revolution Beauty has stated that it will now be calling in independent external advisors to investigate its audit failures. It comes as its auditors, BDO LLP, raised “serious concerns” within its work on the fiscal year 2022 audit, including the group’s ability to provide...
While the metaverse is seeing an influx of fashion brands take to its digital sphere, the beauty sector is arguably a little behind on adopting the innovative, emerging tech, with only few daring to venture into this relatively unknown space. In an attempt to alleviate some of the hesitancy surrounding entry into the metaverse, digital brand...
Brad Pitt has launched a vegan, gender-neutral skincare line called Le Domaine derived from science and nature in partnership with the Perrin family, the renowned Château Beaucastel winemakers, who are also partners in the actor’s Miraval rosé. Le Domaine skincare line centres around the concept of “from the vine to the skin,” and features four...
22 Sept 2022
US beauty giant Coty has set out a target to double its skincare sales by fiscal year 2025, “with further acceleration in FY26 and beyond”. CEO Sue Y. Nabi told investors the company is on track to increase skincare sales to between 500 million dollars and 600 million dollars in the coming three years. “Coty’s skincare portfolio is one of the...
Department store giant JCPenney has revealed it will be rolling out its JCPenney Beauty offer to stores nationwide, building on its 2021 debut and recent online expansion. It comes as part of the retailer’s relationship with beauty e-commerce platform Thirteen Lune, which will be spotlighted in JCPenney stores across the US and will make up...
20 Sept 2022
Barneys New York has been reincarnated as a beauty brand. Parent company Authentic Brands Group (ABG) partnered with Korean-based lifestyle company Gloent Group to launch a line of skincare. Fragrance, hair and body care, cosmetics and wellness are expected to expand the range categories. The beauty range will launch in October at new website...
19 Sept 2022
The Estée Lauder Companies Inc. has announced an organisational evolution across its brand portfolio to strategically position the company for long-term, sustainable growth. Effective September 1, 2022, the company said in a release that its brand portfolio evolved into two brand clusters led by Jane Hertzmark Hudis, executive group president,...
15 Sept 2022
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