News

THE WHAT? Superdrug has announced a price reduction on its Solait suncare range by absorbing the 20% VAT, leading to a £1 million saving for consumers. This initiative, aimed at reclassifying suncare products as healthcare essentials, reflects the retailer’s response to the rising pressure on the government to remove VAT on all suncare products. THE […]

THE WHAT? ATTITUDE™ introduces Sunly™, a groundbreaking line of solid, 100% plastic-free suncare products, all verified by the Environmental Working Group (EWG). This initiative underscores ATTITUDE™’s long-standing commitment to sustainability and reducing single-use plastic in the beauty and home care industry. THE DETAILS The Sunly™ collection features 12 products designed for both adult and children’s […]

THE WHAT?  Summit Partners, the private equity owner of Dr. Squatch, is exploring a sale of the men’s grooming brand, aiming for a valuation exceeding US$2 billion. The company is collaborating with investment banks Raymond James and Centerview Partners to find potential buyers, based on its strong financial performance, including $90 million in EBITDA over […]

THE WHAT? Lynx is unveiling an innovative “Lift & Smell” feature as part of its Fine Fragrance Collection promotion in the UK, marking a novel approach to customer engagement in the toiletries market. This initiative is one aspect of a larger investment by Unilever in permanent point-of-sale displays across over 2,000 retail locations, aiming to […]

THE WHAT?  Steve Madden is teaming up with Parlux for a new venture into the fragrance market, reintroducing the brand to this category with the launch of Goldie Eau de Parfum. This partnership marks Parlux’s second licensing agreement in 2024 and signifies Steve Madden’s return to fragrances after a standalone launch in 2018, aiming to […]

THE WHAT? Kering SA, the luxury conglomerate behind Gucci, has acquired a prime real estate asset for €1.3 billion on Milan’s elite Via Monte Napoleone from a Blackstone Property Partners Europe subsidiary. This 18th-century building, extending over five floors with more than 5,000 square meters of retail space, hosts prestigious tenants such as Cova and […]

THE WHAT?  Oasis Management, a Hong Kong-based activist investor, is launching a campaign against Japanese cosmetics giant Kao Corp, urging it to refine its brand portfolio and enhance marketing efforts. Oasis believes such changes could dramatically increase Kao’s stock price, citing a potential 76% upside, which led to a notable rise in Kao’s share price […]

THE WHAT?  The Puig Group SL, a Spanish cosmetics and beauty company, is reportedly planning to announce an initial public offering (IPO) in Madrid, aiming to raise between €2 billion and €3 billion. The family-owned business intends to file its Intention to Float document by April 8, though the details of the offering could still […]

Event Name: INNOCOS Napa Valley Dates: 7-9 April City/Country: Napa Valley, USA Venue: Silverado Resort Organizer: INNOCOS Website: https://www.innocosevents.com/ Category: Beauty and Wellness Innovation Summit The post INNOCOS Napa Valley 2024 appeared first on Global Cosmetics News.

THE WHAT? The Shanghai Administration for Market Regulation and the Shanghai Medical Products Administration have published jointly the final version of the Shanghai Cosmetics Industry Advertising Compliance Guidelines. THE DETAILS According to a report published by China Briefing, the guidelines cover key aspects of cosmetic advertising, from product efficacy claims to endorsement rules and targeted […]