WORLD NEWS
IN BRIEF
ABOVE&BEYOND King of Shaves entrepreneur Will King has teamed up with ‘strategic storyteller’ Bryn Walbrook to launch above&beyond, a new beauty brand dedicated to reducing single use plastic. The brand, part of Integro Innovations, is debuting with a lip balm which is described as lifetime-use, microplastic- free and refillable, with a roster of other products in the pipeline to #UnscrewThePlanet.
BILLIE EILISH Pop sensation Billie Eilish has teamed up with perfume manufacturer and distributor Parlux on her debut fragrance. The singer’s eponymous scent, Eilish, has been described as a captivating amber gourmand that is said to be “like a warm embrace”, according to the ‘Ocean Eyes’ chanteuse.
CETAPHIL Cetaphil, the sensitive skin care specialist, has pledged to become carbon neutral as part of its latest sustainability initiative. The Galderma- owned brand’s initiative will address four key areas: “reducing environmental impact, formulating with cleaner ingredients, using smarter packaging and serving its communities”. The company aims to achieve 100% renewable electricity in its current factories by 2022 and become completely carbon neutral.
VICKY PATTISON Vicky Pattison, a British TV personality who made her name on the hit MTV series Geordie Shore, has entered the cosmetics arena with No Filter Beauty. Established with her close friend and celebrity make-up artist Lo Dias, who has worked with Pattison for many years, the brand intends to challenge ‘ridiculous’ standards of beauty seen on social media.
cosmeticsbusiness.com
Citigroup attempts to claw back
$500m in Revlon payment error US Citigroup has once again argued its case that Revlon lenders who received approximately US$500m in error last year should have to repay the money, Bloomberg reports. In a Manhattan appeals court, the bank asked federal judges to reverse the decision made by a lower court in February. That court ruled that the disgruntled lenders, who were owed money by the cosmetics company for its 2016 term loan, could keep
the accidentally-wired funds. Citigroup maintains that recipients of the payments should have seen red flags as they never received formal notice of repayment.
The lenders’ representative, Kathleen Sullivan, is reported to have said: “It would have been unreasonable to think this was an unprecedented mistake by a bank like Citibank.
“It would have been borderline irrational.” Back in August 2020,
Start-up Sequential Skin bags $1.65m of fresh funding
UK Biotech start-up Sequential Skin, which specialises in skin tests of the microbiome and genetics, has concluded another successful round of
investment funding in which it raised US$1.65m.
Bringing its total company investment to $2.15m with two months of the year still left to go, the UK/Singapore- headquartered business intends to use the funds to extend its B2B offering for
cosmetics and healthcare companies.
The company’s tests use molecular analysis and sequencing technology to understand the effects of people’s genes and their environment on their skin. Meanwhile, co-founders Oliver Worsley and Albert Dashi are also keen to tap into the consumer market with the launch of Sequential Skin’s first-ever at-home testing kit.
PRADA’S VIRTUAL INFLUENCER IS THE NEW ‘FACE’ OF CANDY PERFUMES
FRANCE Prada has opted out of the traditional celebrity or influencer ambassador route for its latest Candy perfume campaign. Instead, the L’Oréal-licensed brand has developed a virtual model named after the fragrance pillar. Candy, the new ‘virtual muse’ is inspired by Prada’s target TikTok generation. A series of shorts starring the digital creation have
Revlon creditors received a combined payment of almost $900m
Citigroup bank, who was acting on behalf of the cosmetics giant, put this down to a ‘clerical error’ – it only intended to send $7.8m in interest payment. But lenders thought it was money due to them as part of a loan repayment due in 2023.
Citigroup managed to claw back just under half itself, however, the outstanding $500m is still with lenders.
Beiersdorf recalls 5 Coppertone sunscreens over benzene discovery
been directed by Nicolas Winding Refn, best known for his Pusher film trilogy, and captured by photographer Valentin Herfray.
US Beiersdorf has recalled some of its latest Coppertone sunscreen launches, including products targeted at children, after discovering the presence of the carcinogenic chemical benzene. The products affected include Pure & Simple SPF 50 Spray and Sport Mineral SPF 50 Spray, both launched in 2021, and Travel-Size Coppertone Sport Spray SPF 50. The voluntary recall affects specific lots of five spray products manufactured between 10 January-15 June 2021, distributed in the US through various retailers. Benzene is known to cause cancers, including leukaemia and blood cancer of the bone marrow, the FDA stated in its recall notice. However, the level of benzene in the affected products would “not be expected to cause adverse health consequences based on... exposure modelling”.
November 2021 9
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
