WORLD NEWS
The Hut Group acquires beauty
Boris Trupčević
PEOPLE
MANUFACTURERS Coty has announced two new additions to its Board of Directors: Anna Adeola Makanju and Mariasun Aramburuzabala Larregui. They join following Paul S Michaels’ decision to step down as a Coty Director.
Avon has appointed Karen McElhatton as Chief Technology Officer, working on its digital overhaul.
Foreo has appointed Boris Trupčević as CEO.
LVMH’s Chief Digital Officer, Ian Rogers, has stepped down from his role to join a French fintech start-up. Michael David joins the group to become Chief Omnichannel Officer, while LVMH’s Group IT Director, Franck Le Moal, will oversee the Digital Partnership Team.
INGREDIENTS The Iberchem Group, newly part of the Croda Group, has appointed Guillaume Audy as Director of Corporate Communications and Sustainability.
Colonial Chemical has promoted Daniel McCaul to Sales Director, North America.
RETAIL Former ASOS Board member Rita Clifton has joined department store chain John Lewis as its Deputy Chairman.
Net-A-Porter’s Managing Director Nicola Brandolese has departed his position after just a year in the role.
cosmeticsbusiness.com
retailer Dermstore for $350m UK British tech giant The Hut Group (THG) has acquired US beauty retailer Dermstore in a deal that is expected to fetch US$350m. The strategic move will support THG’s vision to become the beauty industry’s leading digital partner as online shopping becomes more popular among consumers. Meanwhile, Dermstore’s subscription box service will allow THG to increase the scale of its beauty box business.
A subsidiary of Target, the retailer stocks brands across skin, hair and body care, colour cosmetics and male grooming. Linking with the US retailer will also
Snapchat adds brands’ AR features to its platform with Perfect Corp deal
US Social media platform Snapchat has signed a deal with beauty tech provider Perfect Corp adding beauty try-on features to its site. The agreement allows beauty brands that are partnered with Perfect Corp to bring their interactive experiences to Snapchat. In return, the platform’s 180
million users will be able to scour more than 200 brands’ virtual storefronts, where they can experiment and shop for products. According to Snapchat, brands that use shoppable AR lenses have seen a 2.4 times uptick in higher action intent compared with the Q3 average.
M&S REFOCUSES ON SUSTAINABILITY WITH PLAN A PROGRAMME RELAUNCH
US Supermarket chain Marks & Spencer (M&S) has put sustainability back into focus with the relaunch of its Plan A programme. The retailer has not revealed the intimate details of the plan. However, the group’s Chairman, Archie Norman, said “the time has come to look again at our plans and challenge our thinking”.
Alongside Plan A’s reintroduction, M&S has created an ESG Board Sub-Committee to oversee the initiative’s progress across the business. The group’s first task, according to Norman, will be to agree a timetable for the relaunch. First announced in 2007, the strategy set out for M&S to become carbon neutral, reduce its waste from landfill, extend its sustainable sourcing and set new standards of ethical trading. All of its store operations, offices, warehouses and delivery fleets are now certified carbon neutral, while by 2022 the group hopes to achieve 100% recyclable packaging and reduce its landfill waste to zero.
give THG’s beauty brands, such as ESPA, Illamasqua and Perricone MD, a leg up in the US market.
The beauty owner was one of the few success stories of 2020. Following its registration on the London Stock Exchange in August, with a £4.5bn equity value, the city’s biggest in 2020, the Manchester-based group raised its revenue guidance for 2020 to between £1.48bn and £1.52bn, according to Business Live.
Dolly Parton duets with Edge Beauty on new fragrance line
US Dolly Parton has inked a long term licence agreement with Edge Beauty to create her signature fragrance. Fragrances will be inspired by the country music superstar’s own signature scent, with the first collection set to launch in spring.
“Fragrance has always played a major role in my life – I wear my own combination of scents every day,” said Parton. “I am so excited to share this dream with my fans. Developing my own brand and scent with Edge Beauty has been an amazing experience, and I am looking forward to becoming a part of the fragrance community.”
January 2021 7
Dermstore, Instagram
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