THE WHAT? India’s DTC beauty brand MyGlamm has closed its Series C funding round at US$71 million with a top up of $47.5 million to the existing $23.5 million crores it had closed in March of this year. THE DETAILS The round was led by marquee global venture capital firm Accel, along with other investors including Bessemer…
THE WHAT? Drug delivery and consumer dispensing company AptarGroup has signed a share purchase agreement for the majority stake in French digital therapeutics (DTx) developer Voluntis. THE DETAILS The deal will see Aptar, which designs and manufactures drug delivery, consumer product dispensing and active material science solutions for the pharmaceutical, beauty, and personal care markets, buy approximately…
THE WHAT? U.S. department store Macy’s has announced the appointment of Maly Bernstein as its new Chief Executive Officer, effective 13th September, 2021. THE DETAILS Bernstein joins the company from her role as Vice President of E-Commerce at CVS Health. Prior to that position she was Vice President of Beauty & Personal Care with a multi-billion-dollar portfolio. The…
THE WHAT? Johnson & Johnson has announced Q2 reported sales of US$23.3 billion, a YOY rise of 27.1 percent, driven by strong sales and earnings across the medical device and pharma sectors, with consumer health also reporting growth. THE DETAILS Consumer health rose 9.2 percent on an operational basis to US$3.7 million, driven by brands such as…
THE WHAT? LG Household & Healthcare has reported a 10.6 YOY Q2 net income rise to 226.4 billion won ($196.8 million), bolstered by the sale of luxury brand cosmetics in China. THE DETAILS A record high for the South Korean company, operating profit rose 10.7 percent YOY to 335.8 billion won, with sales growing 13.4 percent to…
THE WHAT? TricorBraun has acquired New Jersey-based SGB Packaging Group, expanding its foothold in the cosmetics, skin care, fragrance and personal care industries. THE DETAILS The purchase also expands TricorBraun’s supplier network, with European and other international supplier partnerships focused on prestige categories where SGB Packaging is the sole North American representative. SGB Packaging leadership team will remain…
