The owner of Espa, Glossybox and Lookfantastic has secured a new $1 billion banking facility as it continues to build its beauty and wellness portfolio to become the global digital leader in the sector.
L'Oreal is still struggling to kickstart sales growth at its mass market unit that makes products like Garnier shampoo. Such challenges hit the company's shares on Friday even as its luxury brands posted strong revenues.
The legal action being brought by House of Fraser landlords is set to delay the struggling retailer’s CVA and means that the £70 million cash injection that the firm is getting from its new owner could be delayed too.
Avon has appointed former L'Oréal Paris GM Anna Chokina and promoted Elena Degtyareva as two new global VPs. The company also announced that Marco Brandolini has been named as GM of Italy and the Mediterranean.
Chinese online group discounter Pinduoduo Inc priced its U.S. IPO at $19 per American depositary share (ADS), raising $1.63 billion in the second-biggest U.S. float by a Chinese firm this year, according to sources.
Gwyneth Paltrow's wellness brand has announced its decision to hire a fact-checker, after being criticised for unproven health claims. The position will be part of a larger team dedicated to fact verification.
The founder of Fenty Beauty by Rihanna is releasing a special edition version of its ‘Killawatt Highlighter,' with proceeds set to help fund health and education worldwide via the star's own Clara Lionel Foundation.