WORLD NEWS
Jim Higginson
Johnson & Johnson’s Kenvue valued
at around $41bn in IPO US Johnson & Johnson’s Kenvue consumer health business has been valued at around US$41bn in its initial public offering.
PEOPLE
MANUFACTURERS Virtue Labs has appointed Jose Luis Palacios as CEO.
Beauty Pie has named Kevin Cornils CEO.
Jim Higginson has been appointed as
Dr.PAWPAW’s new COO.
Puig has named Marc Toulemonde as its new Derma division President.
INGREDIENTS DSM-Firmenich has made Emmanuel Butstraen President of Perfumery & Beauty.
Colonial Chemical has added Laura Morrisson (Western Territory Manager) and Josh Stuart (Southwest Territory Manager) for North America.
OTHERS Klarna’s Head of UK Business, Alex Marsh, has stepped down.
Bruce Ianni, founder of Chemidex/Innovadex, has joined Knowde.
The Sustainable Beauty Coalition (SBC) has named its three new co-chairs for 2023: Jo Chidley, co-founder of Beauty Kitchen; Mark Smith, Director General of Natrue; and Oriele Frank, co-founder of Elemis.
The British Beauty Council (BBCo) has appointed several ambassadors: Bobbi Brown, Caroline Hirons, Sam McKnight, Mary Greenwell, Kathy Phillips, Marcia Kilgore and Ateh Jewel.
cosmeticsbusiness.com
The company began trading on 4 May, listing 172,812,560 shares at a price of $22 per share, slightly
above the middle of its price range. It had earlier announced its intention to sell shares at a range between $20 and $23 per share. The stock began trading on the New York Stock Exchange under the symbol KVUE.
Holland & Barrett acquires fit-tech start-up Avie to expand beyond retail
UK Holland & Barrett (H&B) has acquired start-up Avie as it looks to create personalised wellness services for its customers. The UK retailer will integrate the fitness firm’s technology – which uses activity data and behavioural science – into its existing digital services. The aim is to create “personalised wellness solutions” for its shoppers that go beyond retail. “Avie’s simple nudges based on biometrics have shown real promise in helping its users to improve their lifestyles,” said Tamara Rajah, Chief Business and Science Officer at H&B. “We want to become a trusted partner to help people
achieve their health and wellness goals – and to do that we want to offer simple ways to test, track and improve their health, built on our 150 years’ experience in health and nutrition.” As part of the deal, Avie co-founders Charlie Leggate and Kit Logan will join H&B’s Wellness Futures team. “Many people who want to be healthier constantly try to make positive changes, but the fit-tech market is not accessible to all,” commented Leggate. “We take a fresh approach by combining years of recorded health and fitness data with the details of a user’s lifestyle to create an entirely personalised experience.”
CLINIQUE SIGNS ACTRESS MARSAI MARTIN AS PARTNER PRODUCER
US Clinique has named US actress and producer Marsai Martin as its latest ambassador and first-ever Partner Producer. The 18-year-old Black-ish star will partner with the brand across multiple creative projects, including storytelling and photography roles, to engage Gen Z consumers. Clinique hopes that Martin’s experience and creative vision will enable it to reach and connect with a wider range of beauty fans, according to the brand. “We are thrilled to welcome Marsai as a Clinique brand ambassador and first-ever Partner Producer,” said Michelle Freyre, President, Global Brands at Clinique and Origins. “Her confidence and creative intellect truly embodies Clinique’s brand values.”
J&J continues to own more than 90% of Kenvue’s shares. The deal is said to be the largest IPO to launch across any industry since the electric vehicle maker Rivian Automotive listed its shares on Nasdaq in late 2021.
Ariana Grande’s r.e.m. beauty secures investment
US Ariana Grande’s beauty brand r.e.m. beauty has announced new investors, led by private investment firm Sandbridge Capital. The investment also includes participation from Strand Equity and long term Grande collaborators HYBE America, Live Nation Entertainment and Universal Music Group. r.e.m. beauty said it would use the undisclosed sum to optimise its potential via continued product innovation, talent acquisition and
geographic expansion. Founded by the Grammy
Award-winning singer in 2021, r.e.m. beauty specialises in ‘clean’ and vegan products. Bestsellers include its Lustrous Liquid Eyeshadows and Essential Drip Lip Oils.
June 2023 7
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
