THE WHAT? Natura & Co has reported another quarter of double-digit revenue growth, up 31.7 percent at constant currency to reach R$9.5 billion in Q2 2021. All four brands recorded double digit growth. THE DETAILS Adjusted EBITDA rose 31/9 percent to R$811/1 million, with margin of 8.5 percent. The strong performance was driven by growth…
THE WHAT? Procter & Gamble has been exonerated by the Shanghai IP Court after a complaint of patent infringement was bought against the US FMCG giant, according to a report published by Iam Media. THE DETAILS Luo Yunjun and Sea Mild (Shanghai) Technology hold a Chinese patent titled ‘a portable cleaning item and manufacturing method…
THE WHAT? Unilever-owned deodorant brand, Sure has expanded its sponsorship of cricketing tournament The Hundred, according to a report published by Sport Business. THE DETAILS The new deal will see Sure named Official Partner of the Umpires for a three-year term. The brand’s logo will appear on the umpire shirts’ underarm, to mirror the positioning…
THE WHAT? Oregon’s Attorney General and Treasurer have announced a settlement with L Brands over allegations that the company’s board failed to investigate former CEO Leslie Wexner’s ties with pedophile Jeffrey Epstein and ignored ‘a widespread and pervasive culture of sexual harassment’. THE DETAILS The owner of Bath & Body Works has committed US$90 million…
THE WHAT? Cruelty Free International has raised the alert after being informed by the Home Office that the UK government could be reconsidering its policy on animal testing for cosmetics, according to a report published by The Guardian. THE DETAILS The government told CFI that animal testing could be required for some cosmetic ingredients following…
THE WHAT? Dufry has reported a turnover of CHF1,187.2 million for the first half of 2021, 69.5 percent down on 2019 levels. The travel retail operator said that the resumption of travel in the US, Central America and parts of EMEA was driving a gradual recovery. THE DETAILS As of June this year, some 1,600…
