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L’Oréal becomes founding investor in sustainable material developer, Geno

Beauty giant L’Oréal has become the final founding investor in Genomatica (Geno), a manufacturer of sustainable materials, joining the likes of Unilever and Kao Corporation in backing the venture. L’Oréal’s presence will bring the group’s collective member revenue to over 100 billion dollars as it also accesses a wide range of products for...

21 Mar 2023

Fashion Featured

Hermès bets on expanding its beauty range

After sales of its beauty and perfume soared 15 percent last year, Hermès is expanding the category with new products. Hermès debuted its first fragrance in the 1950s, but perfume only accounts for 4 percent of total revenue, while leather goods accounts for nearly half. With a new focus on beauty, Hermès is tapping into a lucrative category,...

21 Mar 2023

Business

Bed Bath & Beyond seeks to reverse stock split plan

Bed Bath & Beyond has announced that it is looking to approve a reverse stock split, a move that sent its shares plummeting by 13 percent. The company said it is planning to hold a special meeting of shareholders on March 27 in an attempt to achieve the approval, seeking to split at a ratio in the range of 1-for-5 to 1-for-10, with the ratio to...

20 Mar 2023

Business

Beauty giant Revlon swings to Q4 loss

US beauty giant Revlon swung to a loss in the fourth quarter of the year as its revenue fell 4.1 percent. In the quarter ended December 31, the company made a net loss of 178.5 million dollars compared to a profit of 9.9 million dollars in the prior-year period, which it said was primarily due to 172.7 million dollars in charges linked to its...

17 Mar 2023

Business

NIQ launches Beauty Trailblazer Programme to support minority-owned brands

Market research and data analytics platform NielsenIQ (NIQ) has launched a new Beauty Trailblazer Programme to support minority-owned beauty brands through access to data sets. The three-month programme is open to emerging brand leaders, with selected finalists to gain access to the platform’s data, as well as support from data professionals and...

17 Mar 2023

Business

Michael Malul London launches DTC e-commerce with ESW

Fragrance manufacturer Michael Malulu London has launched a new international direct-to-consumer (DTC) e-commerce platform for the brand via a partnership with ESW. The Ohio-based brand will now be able to ship to 24 countries across Europe, as well as the UK and US. It comes as various countries in the EU and North America begin to crack down...

17 Mar 2023

Business

Lush and Silverwood Brands clash over sale of shares

Lush has come head-to-head with consumer goods group Silverwood Brands months after it snapped up a stake in the skincare retailer. In December 2022, Silverwood entered into a sale and purchase agreement for a 19.8 percent stake in both Lush Cosmetics Limited and Cosmetic Warriors Limited – collectively known as Lush – for a total consideration...

16 Mar 2023

Business

Vanessa Hudgens relaunches Know Beauty brand

Actress Vanessa Hudgens has returned to the cosmetics sector with the relaunch of her Know Beauty brand and the debut of the new detoxifying clay face mask, ‘Glacial Bay Clay Mask’. The mask utilises “sustainably harvested” clay from a glacier in British Columbia, a press release noted, with ingredients designed for oily or acne-prone skin. The...

16 Mar 2023

Business |Beauty

Live Tinted secures 10 million US dollars

Clean and inclusive beauty brand Live Tinted has closed a 10 million US dollar Series A funding round led by Monogram Capital Partners, with support from Unilever Ventures, Devonshire Investors and Silas Capital. The fresh capital brings the total funding raised to date to 15 million US dollars, with Live Tinted adding that the money will be...

15 Mar 2023

Business |Beauty

New ethical and vegan skincare line Fruit Works launches

Fruit Works, a new natural and ethical line of bath, body and skincare products that aims to offer “true food for the skin” accessible to all, has launched. The made-in-England skincare brand offers formations that are 91 percent naturally derived, as well as being vegan, cruelty-free, and dermatologist approved. It is launching with 10...

14 Mar 2023

Fashion Featured

Influencers can help people switch to sustainable living

Research from Unilever suggests that social media influencers can have a positive impact on consumer behaviour, especially when it comes to sustainability. Unilever partnered with a cohort of eco-conscious influencers and behavioural scientists to examine the role of influencer content in impacting sustainable choices. In partnership with the...

14 Mar 2023

Fashion

Sephora and TikTok launch program to connect rising beauty brands and content creators

Beauty retailer Sephora, short-video platform TikTok and the Digitas agency just announced their collaboration, launching the Sephora x TikTok Incubator Program that connects industry-related creators with high-esteemed beauty brands from Sephora’s Accelerate program. Young beauty brands get the opportunity to learn the how-tos of creator-based...

13 Mar 2023