THE WHAT? Last week we reported on Nelson Peltz’ decision to step down from the Procter & Gamble board – and now it looks like the infamous activist investor could be poised to make waves at Unilever, at least if a report published by the Financial Times is to be believed. THE DETAILS Quoting…
THE WHAT? Alibaba CEO Daniel Zhang has announced a series of initiatives and disciplinary measures following a serious incident of sexual assault at the company. THE DETAILS The company will establish a professional committee to strengthen organizational guardrails, named the Alibaba Group Committee on Workplace Environment with Deputy Chief People Officer Jane Jiang serving as…
THE WHAT? Wonder Brands has announced that it has closed a US$20 million seed financing round. ALLVP and Mountain Nazca led, with CoVenture and Victory Park Capital joining. THE DETAILS The Latin American digital whizzkid will use the funds to hire talent as well as develop new products and categories, expand assortment, and invest…
THE WHAT? L Catterton is set to acquire a majority stake in hair extension platform Beauty Industry Group. Terms of the transaction were not disclosed. THE DETAILS Beauty Industry Group’s existing shareholders, including HGGC, CEO Derrick Porter and the management team will reinvest to retain a significant minority stake. Following the close of the transaction,…
THE WHAT? WOW Tech Group and Lovehoney have announced that they have joined forces as two of the global market leaders in sexual wellness, to form the Lovehoney Group. THE DETAILS The combined group will be led by WOW Tech CEO Johannes Plettenberg with each company’s current management teams remaining in situ. Lovehoney owner, Telemos…
THE WHAT? Procter & Gamble increased its spend on advertising by 12 percent in the 12 months to June 2021, to total US$8.2 billion, according to a report published by PR Week. THE DETAILS The US FMCG manufacturer’s ad spend has risen 21 percent in the last two years from US$6.75 billion in 2019, despite…
