THE WHAT? Shiseido is on the road to recovery after COVID-19 saw sales plummet some 26 percent in the first half of 2020. The J-beauty behemoth’s latest set of results tell a different story, with sales rising 21.5 percent in the first six months of 2021, reaching ¥507,687 million. THE DETAILS CFO Takayuki Yokota said…
THE WHAT? Dow has announced that Natura is the first commercial collaborator for strategic sustainability initiative, Project Yba: Conservation that Transforms. THE DETAILS Launched in May this year, Project Yba is designed to balance commercial growth of a local community with environmental preservation in Breu Branco, Para. It aims to develop a local cooperative, which…
THE WHAT? Mattel-owned Barbie is celebrating the role models of the pandemic with a line of one-of-a-kind dolls in honor of individuals who have led the fight against COVID-19. THE DETAILS The global line up of women honored includes emergency room nurse Amy O’Sullivan, professor of vaccinology Professor Sarah Gilbert who led the development of…
THE WHAT? Levi Strauss & Co has announced the planned acquisition of Beyond Yoga. The transaction will be financed with cash and is due to close in the fourth quarter of 2021, subject to regulatory approval. Financial and operational terms of the deal will be disclosed on closing. THE DETAILS The deal will see Levi…
THE WHAT? Victoria’s Secret has completed its separation into an independent, publicly trade company from Bath & Body Works, with the company having traded on the New York Stock Exchange under the ticker VSCO. THE DETAILS The separation was achieved via the distribution of 100 percent of the shares of Victora’s Secret to holders of Bath &…
THE WHAT? LVMH CEO Bernard Arnault has beaten Amazon’s Jeff Bezos to take the title as the world’s richest person, with Bezos’ net worth dropping US$13.9 billion last week following Amazon’s Q2 earnings falling short of analyst expectations. THE DETAILS LVMH shares also fell, dropping 1.4 percent, decreasing Arnault’s net worth by US$2.9 million, however his net…
