Edward Buchanan Opens New Creative Hub in Milan
A new space called The Situation will host exhibitions and residencies and provide resources to Black, queer and other under-represented creatives.
procter-and-gamble
Beauty
P&G Under Pressure to Make a Deal as Eco-Friendly Products Surge
Procter & Gamble Co., which is losing market share to eco-friendly products, is under mounting pressure to either fend off the competitors or buy one of them.
News & Analysis
P&G Faces Lawsuit Over Dismissal of Pregnant Saleswoman
A former cosmetics saleswoman for Procter & Gamble Co is suing the company, claiming that she was fired after becoming pregnant and being told earlier by a supervisor that 'pregnancy is not part of the uniform.'
Beauty
French Consumer Group Warns on Potential Risks of Beauty Products
Some creams, shampoos, after-shaves and toothpastes made by groups such as L'Oreal and Procter & Gamble, may contain potentially harmful substances, according to a study by a French consumer protection group.
Financial Markets
P&G Sees Organic Sales Recovering from Current Quarter
Procter & Gamble Co reported a better-than-expected quarterly profit and said it expected growth in organic sales in the current quarter, as its turnaround efforts begin to pay off.
Workplace & Talent
Power Moves | Wang Exits Balenciaga, New CEOs at Kering and Pucci
BoF compiles the most important professional moves of the week.
News & Analysis
P&G Fourth-Quarter Profit Tops Estimates as Lafley Cuts Costs
Procter & Gamble Co., the world’s largest consumer-products maker, posted fourth-quarter profit that beat analysts’ estimates, helped by cost cuts.
News & Analysis
P&G to Name David Taylor CEO
Procter & Gamble Co will replace chief executive A.G. Lafley with company veteran David Taylor in a widely expected appointment that could be announced as soon as Thursday.
Beauty
Estee Lauder Has Go-Ahead for Deals While Coty's Busy
Estee Lauder Cos. may be an unexpected beneficiary of Coty Inc.’s brand grab.
Beauty
Coty Agrees to Purchase P&G Beauty Brands for $12.5 Billion
Procter & Gamble Co. accepted a $12.5 billion offer to merge 43 of its beauty brands with Coty Inc.
Beauty
Henkel Shares Fall After Coty Reported to Buy P&G Beauty Units
Henkel AG, the maker of Schwarzkopf shampoo, declined on reports that Coty Inc. had won the race to acquire three of Procter & Gamble Co.’s beauty businesses.
Beauty
Coty Nears Deal to Buy P&G Businesses for about $12 Billion
US cosmetics group Coty has won auctions to acquire three businesses from Procter & Gamble Co for as much as $12 billion, said a source familiar with the matter.
Beauty
Henkel and Coty Reportedly Bid for P&G Assets
Henkel & Co and Coty Inc, both of which have personal care and cosmetics businesses, made binding offers to buy separate parts of Procter & Gamble Co's beauty businesses worth up to a total of $12 billion.
The News in Brief
L’Oréal Joins Forces With Nykaa to Invest in Indian Beauty Brands
BOLD, the French conglomerate’s venture capital fund, will collaborate with retailer Nykaa to invest in the next generation of Indian beauty brands.
Private Equity Firm Inflexion Invests in Manucurist
The European investor, which previously backed Medik8, has taken a 49 percent stake in the premium French nail line.
H&M Profit Rises on Tariff Refunds as Sales Remain Sluggish
US tariff refunds drove an increase operating profit, even as the fast-fashion retailer has struggled to deliver consistent sales growth.
Arnault Clan to Change LVMH Holding Structure to Ensure Control
Under the plan, the world’s biggest luxury group will be controlled by one entity, Agache SCA, after Christian Dior SE, one of the current holding companies of LVMH, is delisted.
JD Sports Says Nike Turnaround Is Only a Matter of Time
Dominic Platt, chief financial officer of the British sportswear retailer, told Reuters, ‘Much as there's a lot of talk about Nike, it's still the most popular brand out there and it's still a very strong brand.’
Chanel Plans to Keep Investing in China Despite Demand Downturn
CEO Leena Nair pointed to the brand’s recent renovation of its Plaza 66 boutique in Shanghai, calling China ‘a market where the clients understand sophistication, refinement.’
Meta Expected to Unveil Smart Glasses Without Camera
Smart glasses have become a target of criticism in recent months amid growing concerns they can be used to record people without their consent.