My Black Is Beautiful, the online community run by Procter & Gamble (P&G), is launching a beauty line.The brand is set to unveil a five-piece haircare line designed for black women via the retailer Sally Beauty.
The beauty retailer has announced the appointment of Mary Beth Edwards as group VP for global sourcing, as well as the promotion of Heather Plutino, current group VP of finance, to the company’s senior leadership team.
Sales growth and gross margin were below expectations due to retail headwinds. The company Board of Directors approved a new restructuring plan and cost reduction initiatives to lower costs and better serve customers.
Cosmetic products retailer Sally Beauty Holdings Inc said its largest shareholder Clayton, Dubilier & Rice LLC was exiting its holding in the company, sending its shares down 9 percent in after-market trading.