Business & Financial

Unilever reports Q3 ‘21 net sales rise but cost inflation woes continue

21-Oct-2021 By Kacey Culliney

Personal care major Unilever has reported a net sales rise for its third quarter (Q3) of 2021, with strong growth in the Americas and across its prestige beauty division, but the future will prove challenging as price inflation continues.

Price hikes to come: P&G Q1 ‘22 net sales rise but ‘challenging’ costs hit profits

20-Oct-2021 By Kacey Culliney

Personal care giant Procter & Gamble (P&G) has reported a net sales rise for the first quarter (Q1) of fiscal 2022, though profits suffered due to a challenging cost environment – an ongoing issue it plans to overcome with price hikes.

Kaffe Bueno awarded €2.5m European Innovation Council grant

15-Oct-2021 By Kacey Culliney

Upcycled coffee startup Kaffe Bueno has been awarded a European Innovation Council (EIC) grant that it plans to use to build a coffee biorefinery and scale-up its active ingredient offering.

Catrice Cosmetics ending ULTA partnership to focus on DTC & Amazon in 2022

14-Oct-2021

European color cosmetics brand Catrice Cosmetics has announced a shake-up to its retail strategy for 2022, with the company focusing on making it products available only through its own website and via Amazon.

Biotech startup Sequential Skin raises €1.4m – ‘We want to accelerate the future of skin health,’ says CEO

11-Oct-2021 By Kacey Culliney

UK-Singapore headquartered biotech startup Sequential Skin has secured more funding in its latest seed round that it plans to use for global expansion of its at-home skin diagnostics patch, in both a B2B and D2C capacity, its CEO says.

HENKEL, L’OREAL, LVMH, NATURA &CO AND UNILEVER EXECUTIVES WEIGH IN

Beauty majors say brand-agnostic environmental impact system will make industry more 'transparent' and 'comparable'

07-Oct-2021 By Kacey Culliney

Executives from Henkel, L’Oréal, LVMH, Natura &Co and Unilever say co-developing an industry-wide environmental impact assessment system is critical for the sustainable future of cosmetics.

Prestige heritage: LVMH acquires ‘unique’ French brand Buly 1803

06-Oct-2021 By Kacey Culliney

The LVMH Group has acquired French fragrance and cosmetics company Officine Universelle Buly 1803, citing the strong philosophy match would see global growth flourish.

Eagle Genomics and Earlham Institute agree to microbiome research alliance

06-Oct-2021 By Will Chu

A partnership between the UK’s Eagle Genomics and the Earlham Institute aims to generate deeper microbiome-based insights with the development of new microbiome multi-omics datasets and tools

Special Edition: CIRCULAR BEAUTY – SUSTAINABLE SOURCING, GREEN CHEMISTRY AND ECO-DESIGN

Going green: Garnier unveils National Geographic CreativeWorks campaign

05-Oct-2021 By Kacey Culliney

L’Oréal’s Garnier brand is working with branded content studio National Geographic CreativeWorks on a worldwide educational campaign designed to empower beauty consumers to live greener.

Natura &Co sustainability chief: WaterBear will help communicate the ‘seriousness’ of the climate crisis

28-Sep-2021 By Kacey Culliney

Natura &Co says its partnership with Dutch eco video streaming platform WaterBear will help emphasise the seriousness of the climate crisis and shift perceptions around traditional communities to spotlight them as biodiversity guardians.

P&G targets net zero by 2040: ‘The task ahead of us is urgent’, says CEO

23-Sep-2021 By Kacey Culliney

International personal care major Procter & Gamble (P&G) has published a climate transition plan outlining its ambition to be net zero on greenhouse gas (GHG) emissions by 2040 and signed up to Amazon co-founded The Climate Pledge.

Beauty giants to form consortium for ‘brand-agnostic’ and 'transparent' global environmental impact system

20-Sep-2021 By Kacey Culliney

Henkel, L’Oréal, LVMH, Natura &Co and Unilever are forming a global beauty consortium to co-develop an industry-wide environmental impact assessment and scoring system for cosmetics.

Overseas debut: Japan’s Athletia landing in UK this October to start European expansion push

20-Sep-2021 By Amanda Lim

Skin care and lifestyle brand Athletia is set to make its international debut this October in the UK, where it hopes to orchestrate future European expansion plans within the next three years.

End of an era? Holland & Barrett bans single-use beauty sheet masks in UK and online

06-Sep-2021 By Kacey Culliney

Health and wellness retailer Holland & Barrett has stopped selling single-use beauty sheet masks across all UK stores and online and hinted at a future free of any single-use beauty item – a movement it says other retailers should follow.

Skin care sanctuary: La Prairie to offer more personalised experiences with first standalone flagship in SEA

06-Sep-2021 By Amanda Lim

Swiss luxury skincare brand La Prairie has launched its first standalone flagship store in South East Asia, which it believes will help the brand to meet the increasing demand for a more personalised experience for its high-end clientele.