NEWS WORLD
P&G to pay out $8m as industry- The filing claimed
wide benzene lawsuits mount US Procter & Gamble (P&G) has agreed to pay US$8m to settle a series of class action lawsuits claiming its dry conditioner, shampoo and deodorant sprays contain benzene. The consumer goods corporation voluntarily recalled 32 of its dry conditioner and shampoo sprays produced in the US in December 2021, due to the presence of the carcinogenic ingredient. Skus from Pantene, Aussie, Herbal Essences and Waterless brands were pulled from shelves.
customers would not have purchased the products if they had known about the harmful chemical.
Benzene is classified as a human carcinogen and exposure to benzene by inhalation, orally or through the skin can result in cancers. Hair care products containing benzene pose a greater risk to the user, as the chemical can be easily absorbed by the blood-brain barrier and enter the user’s circulation. While P&G claimed it has done no “wrongdoing”, it is
Citigroup closer to recouping $500m from Revlon lenders
US Could Citigroup be poised to recoup the US$500m it accidentally paid to Revlon Inc lenders more than two years ago? A court filing has
revealed that three out of the ten lenders in
question are on the verge of repaying.
In August 2020, Citigroup, Revlon’s loan agent, mistakenly used its own money to prematurely pay off $894m owed by the beauty company. While some recipients returned their sums, ten lenders refused, leaving Citigroup $500m out of pocket.
A potential settlement was discussed in a joint letter by lawyers for Citigroup and the lenders, filed 5 December 2022 in a Manhattan federal court. According to the letter, three lenders have “indicated they are willing to sign an agreement” to end the litigation. The others are said to be considering dates for their payments.
12 January 2023
IN BRIEF
the latest company to face litigation regarding benzene contamination in its products. Industry giants Johnson & Johnson (J&J) and Unilever are both facing a lawsuit.
J&J was sued by a woman in November 2022 who claimed the business’ Neutrogena sunscreen caused her to develop cancer and Unilever was hit with a class action lawsuit just a week later, following the recall of 19 dry shampoo aerosol products in the US in October 2022.
Henkel invests in solar power with ten-year energy agreement
SPAIN Henkel is investing in solar energy production via a project to build two new power plants in Spain. The German personal care giant has signed a ten-year Virtual Power Purchase Agreement (VPPA) with Spanish energy group IGNIS as part of its commitment to using renewable energy. A VPPA is a long term contract for solar powered energy between a buyer and power project developer.
Henkel’s portion of the electricity produced will equal the demand of more than 40 of its production sites across Europe. The solar energy plants will avoid 72,000 tons of CO2 emissions each year in comparison to electricity generated via fossil resources.
They will also have an overall production volume of around 220,000 MWh per year.
EUROFRAGANCE TO HELP PATIENTS WITH ‘FISH ODOUR SYNDROME’
SPAIN Perfume house Eurofragance has teamed up with Sant Joan de Déu Hospital on a project to neutralise the strong odour of paediatric subjects with trimethylaminuria. The incurable metabolic condition means the body is unable to process certain nitrogen compounds, resulting in a characteristic odour. It is sometimes called ‘fish odour syndrome’. Eurofragance created different
fragrances in a cologne, a body lotion and a body serum to counteract the odour and improve quality of life. The company recreated the smell of patients’ skin in an internal model before testing fragrances against the trimethylamine.
GIVAUDAN Givaudan, the flavours and fragrances manufacturer, has unveiled its first-ever integrated fragrance encapsulation centre in Singapore, furthering its investment in the Asia Pacific region. The Swiss franc CHF30m location will combine research, fragrance creation, production and industrialisation capabilities into one site, allowing Givaudan to meet growing consumer demand for long lasting fragrance experiences as well as enabling faster response times to requests from customers in the region.
HENKEL Henkel has merged its Beauty Care division with Laundry & Home Care to create a €10bn super-unit. The merger, which was first signalled in January 2022, is believed to provide Henkel with a competitive advantage in innovation, sustainability and digitisation. Henkel further announced Tim Petzinna as the new division’s General Manager for the UK & Ireland.
NARS COSMETICS NARS Cosmetics has launched its first-ever virtual brand ambassadors. The NARS Power Players are inspired by three of the make- up brand’s best-selling shades from its latest Powermatte Lipstick launch. The trio of ‘meta-humans’ represent both the lipstick shades and the personas of the individuals who might wear them.
LACOSTE Lacoste has signed a 15-year perfume deal with Interparfums after buying its fragrance licence back from Coty. Interparfums will be responsible for the creation, development, production and marketing of all perfume and cosmetics lines under the Lacoste brand. The first new Lacoste fragrance line is expected to launch in 2024.
cosmeticsbusiness.com
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