L'Oréal announced on Monday that it predicts a year-over-year decrease of around 5% in its first-quarter sales due to the ongoing Covid-19 pandemic. The company also withdrew its annual financial guidance.
The American cosmetics retailer announced on Monday that it will be paying workers in its distribution centers a $2-per-hour wage premium to thank them for their continued work during the ongoing Covid-19 pandemic.
The U.S.-based subsidiary of Japan’s Kao Corporation has appointed Karen Frank as president of its mass business for the Americas and Europe, and Jesse Grissom as president of operations in the Americas.
UK beauty retail giant Boots said that ahead of International Women's Day that it was announcing a series of commitments to support female-powered brands and “is making it easy for Boots shoppers to do the same”.
Another day, another major trade show is postponed or cancelled. This time it’s Cosmoprof Worldwide Bologna, the world’s premier cosmetics industry show that takes place in the Italian city every year.
Advent International, Bain Capital and Cinven are all reportedly candidates to take over the brands in Coty's professional beauty division, including Wella and OPI, as the company looks to stabilise its finances.
Firmenich has announced that Armand de Villoutreys is to retire as President of its Perfumery and Ingredients business on June 30. He’ll be replaced by Ilaria Resta who was most recently at Procter & Gamble.