THE WHAT? Procter & Gamble has announced that Nelson Peltz CEO and Founding Partner of Trian Fund Management, has notified the company of his decision not to stand for re-election as a director at the 2021 Annual Meeting of Shareholders and retire from the Board of Directors at the end of his term. THE DETAILS…
THE WHAT? Revlon has reported its results for the second quarter fiscal 2021. The US beauty manufacturer said its latest set of figures pointed to ‘significant top-line improvements’, as sales rose in the double-digits across all regions and segments. THE DETAILS Indeed, net sales rose 43.1 percent to US$497.4 million while operating income came in…
THE WHAT? Last week in a succession announcement, Procter & Gamble named both its new CEO and COO (Jon Moeller and Shailesh Jejurikar respectively) but, in all the fanfare, one important detail was lost: Jejurikar is the first Indian National to take up such a key role at the US FMCG giant, according to a…
THE WHAT? The UK government has released a statement naming and shaming some 191 employers who have underpaid workers, including The Body Shop, John Lewis, numerous independent hair and beauty salons and media agency Grey London. THE DETAILS Workers were underpaid in numerous ways, including not being paid for overtime, not receiving the correct apprenticeship…
THE WHAT? Sephora has launched a new campaign, created by R/GA, that celebrates the role Black beauty has played in shaping beauty trends, according to a report published by Glossy. THE DETAILS The LVMH-owned retailer uploaded a 60-second video to YouTube dubbed Black Beauty is Beauty, which highlights multiple mainstream trends that have their roots…
THE WHAT? Richemont has announced the nominations of Jasmine Whitbread and Patrick Thomas for election to the Board of Directors. Their appointments are subject to the approval of shareholders at the 2021 AGM to be held on September 8, 2021. THE DETAILS Whitbread is an experienced non-executive director, currently sitting on the boards of Travis…
