There’s speculation that fast-expanding beauty giant The Hut Group (THG) is mulling a stock market flotation. A report at the weekend said that it has been lining up meetings with some big-name investors.
Unilever said on Friday it will stop advertising on Facebook, Instagram and Twitter in the United States for the rest of the year, citing "divisiveness and hate speech during this polarized election period in the U.S."
L'Oreal aims to cut out non-recycled plastic packaging by 2030 and bring in greener products like solid shampoo bars under its flagship Garnier brand as it steps up an environmental push, it said on Thursday.
Purchases of cosmetics have picked up strongly again, particularly in China, as some countries exit coronavirus shutdowns that forced hair salons and retailers to close, L'Oreal Chief Executive Jean-Paul Agon said.
Featuring over 80 brands including Drunk Elephant, Milk Makeup and Supergoop, the digital storefront allows users to purchase products directly from their Instagram feed or stories using Instagram checkout.
The New York-based cosmetics company announced on Wednesday that Jane Hertzmak Hudis, John Demsey and Stéphane de La Faverie have all gained new responsibilities as part of an organizational restructure.
Swiss travel retail giant Dufry AG on Wednesday launched a restructuring programme designed to cut its staff costs as it works to protect its business following the effects of the coronavirus outbreak globally.
The Hut Group, the beauty giant that’s big and getting bigger at speed, said on Monday that its THG Ingenuity operation has signed £100 million worth of partnerships with global beauty brands and brand owners.
L'Oreal and other multinationals that acquired personal-care brands founded by Black people are moving to reassure their core customers, some of whom have pledged to spend only with Black-owned companies.