NEWS WORLD
Johnson & Johnson to spin off
consumer health care division US Johnson & Johnson (J&J) has laid out plans to separate its Consumer Health business, which includes personal care brands Neutrogena and Aveeno, as a new publicly listed company. The decision, J&J said, will allow its consumer business to deliver better innovation and accelerate growth for its brands. Listerine, Tylenol and Johnson’s own-brand products also make up J&J’s consumer division. Leadership of the new
Consumer Health company is yet to be announced. However, J&J will continue with its transition of Joaquin Duato, currently Vice Chairman of J&J’s Executive Committee, to CEO (away from Alex Gorsky) in the new year.
Gorsky commented: “For the new Johnson & Johnson, this planned separation underscores our focus on delivering industry-leading biopharmaceutical and medical device innovation
and technology with the goal of bringing new solutions to market for patients and health care systems, while creating sustainable value for shareholders. “We believe that the new Consumer Health company would be a global leader across attractive and growing consumer health categories, and a streamlined and targeted corporate structure would provide it with the agility and flexibility to grow its iconic portfolio.”
P&G doubles down on skin care with Farmacy Beauty takeover
L’Occitane acquires majority stake of Sol de Janeiro brand
FRANCE/US L’Occitane, the French beauty brand manufacturer, has acquired a majority stake of body care brand Sol de Janeiro.
The maker of Elemis and Erborian now owns 83% of Sol de Janeiro, best known for its Brazilian Bum Bum Cream, based on a valuation of US$450m. According to L’Occitane, the deal with the US- based digital native brand will support its vision to build a portfolio of strong brands in all major geographic regions. Meanwhile, Sol de Janeiro is now expected to grow its international business, with André Hoffmann, CEO of L’Occitane, commenting that Sol de Janeiro “has enormous potential for growth in new and existing markets”.
6 December 2021
US Procter & Gamble is investing in its skin care portfolio with the acquisition of cult brand Farmacy Beauty. Founded in 2015 by entrepreneur David Chung, Farmacy touts itself as a ‘farm-to-face’ brand, working with farms around the world to develop innovative ingredients for its skus. The brand’s star ingredient is Echinacea GreenEnvy complex – an antioxidant
concoction that helps to firm skin and protect from free radicals. Terms of the deal, which is still subject to regulatory approval, have not been revealed. “We’ve had our eyes on the brand for quite a while,” Markus Strobel, President of Skin and Personal Care for P&G Beauty, admitted to WWD. “It’s an attractive brand with amazing potential.”
SINGER HARRY STYLES LAUNCHES NEW BEAUTY BRAND PLEASING
UK Ex-One Direction singer Harry Styles is breaking into beauty with his new brand Pleasing. Styles has curated a range of nail products, The Perfect Polish Set, featuring four shades: Perfect Pearl, Pearly Tops, Inky Pearl and Granny’s Pink Pearls. Also included is Pearlescent Illuminating Serum, as well as a double-ended The Pleasing Pen, featuring a refreshing eye-gel formula
IN BRIEF
COVERGIRL CoverGirl has signed Ugly Betty and Superstore star America Ferrera as its latest ambassador, promoting a fresh-faced beauty look as the make-up brand moves towards a ‘clean’ beauty future. Ferrera caught the eye of CoverGirl because of her belief in embracing one’s natural beauty regardless of social or cultural standards, according to the Coty-owned drugstore staple.
YOUTUBE Video sharing platform YouTube has removed the dislike count for creators’ content in a bid to tackle harassment and reduce dislike ‘attacks’. An experiment by the digital giant found that by removing the dislike count on a video, viewers were less likely to give them a thumbs down, thereby reducing ‘disliking’ behaviour. Smaller creators are unfairly targeted by this type of disliking behaviour, YouTube said.
KAO Japan’s Kao has achieved climate neutral operations across its sites in the UK and Germany. Working with ClimatePartner, the owner of Molton Brown and John Frieda has taken action to cut emissions across its Kao EMEA arm, including switching to 100% renewable electricity, reducing energy consumption, cutting water waste volume and switching to sustainably sourced, FSC- certified paper.
IMAN
and a matte lip oil. The musician had been spotted wearing Pleasing merchandise.
Supermodel Iman has launched her first-ever fragrance, Love Memoir: a tribute to her 24-year romance with late husband David Bowie. Love Memoir embraces a rose blend with notes of vanilla, while bergamot and blackcurrant add a citrus sharpness to the scent. It will be sold exclusively via HSN.
cosmeticsbusiness.com
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68
