Tuesday, 20 Aug 2019

IFF Investigating Payments Made by Frutarom Subsidiaries

International Flavors & Fragrances Inc. posted sales gains in the second quarter, largely due to the company’s acquisition of natural ingredients business Frutarom — but now, the business is also in the middle of investigating payments Frutarom businesses in Russia and Ukraine made that may have been “improper.” In a compliance note in the company’s […]

Avon Sales Dip Across Geographies

Avon is still struggling to regain sales momentum, but in the midst of the company's sale to Natura, chief executive officer Jan Zijderveld is focusing on the positive. "Our focus on productivity in the second quarter, including less discounting, more effective incentives, optimizing promotions and more favorable mix, led to a 5 percent improvement in […]

For Beauty Brands, Recognizing One’s Owned Media Value Is Power

Influencers continue to be one of the leading voices in the beauty industry, according to new data from Launchmetrics. In a webinar hosted Wednesday, the data and research company outlined the leading voices impacting what beauty consumers are buying. Among those voices are traditional media, celebrities, influencers, brand partners and owned media. Across beauty’s mass, […]

Spruce & Bond to Close 3 NYC Locations

Spruce & Bond, a chain studio that offers laser hair removal and waxing services, announced today that it is closing three of its Manhattan locations. Studios located in NoHo and the Upper West Side are to close at the end of the day on Saturday and the Flatiron location is to close Sunday. Locations on […]

Kate Walsh’s Boyfriend Perfume Tests Pop-up Ahead of Retail Relaunch

LOS ANGELES — Actress Kate Walsh is dipping a toe back into retail with her brand Boyfriend Perfume as the beauty company readies for a fall launch in stores. Walsh started the business on her own in 2009, bringing her product to the market the following year and then selling out in 20 minutes on […]

L’Oréal Appoints Three Executive Committee Members

PARIS — L’Oréal has appointed three new members of its executive committee. The world’s largest beauty company said Friday that Alexandra Palt, chief corporate responsibility officer and executive vice president of the Fondation L’Oréal, and Vincent Boinay, general manager for travel retail worldwide, will join the committee on Sept. 1. Fabrice Megarbane, president of L’Oréal […]

Ulta Salons Get the Drybar Treatment

Look out, Drybar. Ulta Beauty this month is rolling out a new blowout menu meant to serve consumers who have become accustomed to fast and affordable hairstyling — and who may not have realized the service was already available in Ulta’s in-store salons. The expanded blowout service consists of a menu of five blowout styles […]

Digital Download: Wakeheart Aims to Disrupt Scent Market With Influencer Collaborations

Can Gen Z influencers shake up the fragrance market? A new brand, Wakeheart, is betting on it. Today, YouTuber duo the Dolan Twins (10 million subscribers) announced the launch of their first fragrance collection. The line, which consists of two scents that will be available online starting July 12, was created in partnership with Wakeheart, […]

Cosmetic Valley Celebrates 25th Anniversary at French Finance Ministry

PARIS – Cosmetic Valley, a concentration of beauty companies based in the region of France near Chartres and Orléans, celebrated its 25th anniversary at the French Finance Ministry on Thursday. “Our competitive cluster is a place of work, training, export, and support,” said Marc-Antoine Jamet, president of Cosmetic Valley, in an opening address. “It allows […]

EXCLUSIVE: Cannabis Business Canopy Growth Acquires This Works

Canopy Growth Corp. has acquired beauty business This Works for 43 million pounds. The London-based This Works makes a range of natural skin-care and sleep products, including Deep Sleep Pillow Spray, Morning Expert Hyaluronic Serum and Skin Deep Dry Leg Oil. This Works has been backed by private equity firm Tengram Capital Partners since 2015, […]

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