NEWS WORLD
Potential buyers circle collapsed UK
businesses Arcadia & Debenhams UK Beauty and fashion retailer Next is the latest player linked to a potential buy of struggling high street empire Arcadia.
According to reports by Sky News, Next and Davidson Kempner Capital Management are holding detailed discussions on a combined offer for the Topshop owner. Davidson Kempner is expected to front the majority of the
Unilever puts climate action plan to shareholders
UK Unilever has put its climate transition action plan to its shareholders for a vote, marking a monumental move in the fight against climate change.
The plan will set out the REN owner’s climate strategy going forward in an effort to reduce carbon emissions across its operations. The vote is the first instance that a major conglomerate has put its climate action plan to shareholders. “Climate change is the most pressing issue of our time and we are determined to play a leadership role in accelerating the transition to a zero carbon economy,” said Unilever’s CEO, Alan Jope. “That’s why we will be sharing more details with our shareholders who are increasingly wanting to understand more about our strategy and plans.” Unilever will share the new plan following shareholder approval ahead of its AGM in May.
6 January 2021
capital to complete the takeover, leaving it with the biggest share of the group. Arcadia’s sale – minus fashion label Evans, which was purchased by Australia’s City Chic Collective in December – has also drawn interest from tycoon and Frasers Group owner Mike Ashley. Ashley offered Arcadia a £50m loan last month, which the group rebuffed.
Ashley, the founder of Sports Direct, is a long-time pursuer of Debenhams, which failed to secure an anticipated last-minute rescue deal from JD Sports, resulting in its collapse on the same day as Arcadia. US retail owner Authentic Brands has also been cited as plotting a double takeover of Debenhams and Arcadia, according to sources at The Telegraph.
Pat McGrath awarded damehood in the Queen’s 2021 honours list
UK Respected British make- up artist Pat McGrath has become the first woman in her industry to be awarded a damehood in the Queen’s New Year honours list. The founder of Pat McGrath Labs was
recognised for her services to fashion, beauty and diversity, and will become a Dame of the British Empire. McGrath said on Instagram that she was “beyond humbled” by the decision. She has been
named in Time magazine’s Top 100 influential people list and dubbed by Vogue editor Anna Wintour as “the most influential make-up artist in the world”.
PINTEREST PREDICTS THE BEAUTY TRENDS THAT WILL SHAPE 2021
US In its annual report, Pinterest Predicts has revealed the beauty trends that will grip consumers’ attention in 2021. The social media platform has predicted an end to the caked-on make-up look in place of ‘minimalist beauty’ and ‘skinimalism’. It said beauty consumers will be more focused on letting their natural skin texture shine through using simpler and more sustainable routines. Last year saw a 180% uptick in Pinterest users searching for ‘natural everyday make-up’. Other trends tipped for success are ‘indie nails’, with
searches up 21 times in 2020 and ‘knotless box braids’ (an increase of 150%). Meanwhile, consumers are expected to embrace bolder eyebrows as searches for ‘goth brows’ rose 120% last year, while colourful eyebrows saw an uptick of 35%.
IN BRIEF
Phoenix Beauty Phoenix Beauty has announced that it will take over distribution of the Elie Saab and Chopard fragrance portfolios in the UK. The deal also includes UK retailers who have stores in Ireland. Lebanese designer Elie Saab made his fashion debut in 1982 with the debut Elie Saab fragrance hitting stores in 2011. Called Le Parfum, the solar woody fragrance was created by renowned nose Francis Kurkdjian. Chopard, the luxury watch
and fine jewellery house, meanwhile, made its foray into perfumery in 1992.
Myrror
Consumers can now monitor the progress of their beauty and wellness regimes with the help of a new app. Designed to combine the fun of exploring beauty treatments and products with an effective way to track their effectiveness, the Myrror app allows users to upload photos throughout their treatment, helping to pinpoint minor changes in their skin, hair or body instead of relying on their memory.
Pantone Pantone has chosen two colours for its 2021 Color of the Year that it hopes will inject some positivity and stability into people’s lives this year.
According to Pantone, while
the coronavirus pandemic has been the force behind consumers’ disconnection, it has also instilled a global feeling of togetherness and unity as the world continues to grapple with the outbreak. To reflect this, the Pantone Color Institute has married Ultimate grey and Illuminating yellow, or Pantone 17-5104 and 13-0647, two independent colours that together deliver a “deeper feeling of thoughtfulness with the optimistic promise of a sunshine-filled day”.
cosmeticsbusiness.com
Pat McGrath, Instagram
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