WORLD NEWS
Debenhams exits high street after
more than 200 years UK Debenhams has bid goodbye to the last of its bricks-and-mortar
Meredith Webster
PEOPLE
MANUFACTURERS Following the separation of Victoria’s Secret and Bath & Body Works, L Brands has announced that Wendy Arlin will take up the CFO role at Bath & Body Works, while Tim Johnson will join the Victoria’s Secret team as CFO. L Brands’ current CFO Stuart Burgdoerfer will retire.
Ron Gee has been named as Shiseido’s President and CEO for the Americas.
Estée Lauder Companies has announced Meredith Webster as its Executive Vice President, Global
Communications and Public Affairs. She will join the ELC Executive Leadership Team.
INGREDIENTS Lea Gregori has joined Rahn as Technical Sales Manager of Cosmetics, South Germany.
PACKAGING Olivier Salaun has been named Chief Executive Officer of Marvinpac Group, which brings together MS BEAUTiLAB and Marvinpac.
Prad has appointed Line Daigneau as its new Sales Director.
Pierre Sauzay has joined Cosmogen as Sales Director for France.
RETAIL Next Chief Executive Simon Wolfson is set to become the Chairman of Reiss, replacing its founder David Reiss.
cosmeticsbusiness.com
destinations after more than 200 years on the high street. Administrators have closed the last remaining stores of the retail staple’s UK shops following its takeover by online superpower Boohoo. Some 25 stores across England shut up shop for the final time on 8 May, followed by a further 49 across the country, as well as in Wales and Northern
Ireland, on 12 and 15 May. “Over the next ten days, Debenhams will close its doors on the high street for the final time in its 242-year history,” said a Debenhams spokesperson at the time. “Our sincere thanks go out to all of our colleagues and customers who have joined us on this journey. We hope to see you all one last time in stores before we say a final goodbye to the UK high street.”
Now owned by Mahmud Kamani and Carol Kane’s
Is Asos connecting with beauty platforms Cult & Feelunique?
UK Online fashion and beauty retailer Asos is said to be mulling a takeover of Cult Beauty and Feelunique. According to a report by Sky News, the prospect of buying the pure play beauty platforms, which have been put up for sale by their current owners, is a possibility but uncertain, and it is likely that just one of the two targets will be pursued.
A purchase of either
would cement Asos’ position as a competitive beauty player.
If Asos is to be successful in securing one of the multi- million pound businesses, it will have to fend off competition from THG Holdings, parent company of The Hut Group, and German e-commerce group Zalando, who are also thought to be interested in making an offer for the beauty sites.
LUSH ANNOUNCES SUPPORT FOR THE BLACK CURRICULUM CAMPAIGN
UK Lush has signalled its support of The Black Curriculum’s #TBH365 campaign with a new limited-edition product and shop window displays. The #TBH365 campaign embodies the slogan ‘black history is British history’ and aims to highlight the lack of black history taught in schools in the UK. The ‘365’ reflects that black British history should be part of the national curriculum 365 days a year. From 17 May, for two weeks, Lush sold a #TBH365 bath bomb (£5.95) with 100% of the proceeds going to the cause.
online beauty and fashion business, Debenhams too will follow its proprietor and become an online-only business, but will continue to operate under its household name and keep its e-commerce operations. This will result in around 12,000 job losses.
L’Oréal dodges Olaplex payout
US L’Oréal looks set to avoid paying a multi- million dollar sum in damages to hair care rival Olaplex.
The United States Court of Appeals for the Federal Circuit vacated a final judgement awarding Olaplex US$66m, including attorney’s fees, for trade secrets
misappropriation, breach of a non-disclosure agreement (NDA) and patent infringement. In December 2020, a US judge told L’Oréal that it could not have a new trial to avoid payment to Olaplex, amounting to nearly $50m in damages and $14m in legal fees and costs incurred by Olaplex.
But last month, on 6 May, the Court of Appeals concluded that no reasonable jury could have found that L’Oréal misappropriated a trade secret or used
confidential Olaplex information in violation of the NDA.
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