The cosmetics giant has announced the launch of a new corporate venture capital fund dubbed ‘BOLD Business Opportunities for L'Oréal Development,' which will focus on taking minority stakes in innovative startups.
The B2B wholesale e-commerce platform announced on Wednesday that it has received $15 million in Series C financing, funds that the company said it will put toward accelerating product innovation and growing its team.
Beauty brands and manufacturers who fail to embrace the rising zero waste movement will struggle to exist in the future, as more consumers shift towards eco-friendly companies amid environmental concerns.
Beiersdorf , the maker of Nivea skin creams, is shaking up its top management team when new chief executive Stefan De Loecker takes over on Jan. 1, poaching managers from rivals Procter & Gamble and Reckitt Benckiser .
The German company has come up with a new mass-market self-care and beauty brand for the French and Scandinavian markets: N.A.E., or Naturale Antica Erboristeria, the fresh offshoot of an older Italian brand.
Consumer goods giant Unilever said Thursday that its CEO is to retire with the Dove and Hourglass owner naming Alan Jope to succeed him. He has overseen rapid expansion in the beauty sector for the firm.
The beauty giant and the tech company have unveiled a low-flow showerhead and an easy-rinse shampoo combination that means the amount of water needed to wash the hair is significantly reduced from 8 liters to 1.5 liters.