THE WHAT? Livestream e-commerce site Popshop Live has raised US$20 million in a Series A funding round, which valued the startup at US$100 million. THE DETAILS Led by venture capital firm Benchmark, other investors included Access Industries and venture capital firm TQ Ventures. Individual investors included models Kendall Jenner and Hailey Beiber, former MBA star Baron Davis,…
THE WHAT? Indian e-commerce start-up Flipkart, backed by Walmart, has seen its valuation rise to US$37.6 billion following fundraising supported by Japan’s SoftBank Group and other investors, according to WSJ. THE DETAILS The company has raised US$3.6 billion in funds, with investors including Singapore-based GIC Pte, the Canada Pension Plan Investment Board, SoftBank’s Vision Fund 2, and…
THE WHAT? Colgate-Palmolive’s Softsoap has launched its new Foaming Hand Soap Tablets and refillable, recyclable aluminum bottle, which aims to help reduce plastic waste. THE DETAILS Said to be the first refill option in tablet form by a major brand in the U.S., the new take on liquid hand soap allows customers to fill the recyclable aluminum…
THE WHAT? LVMH-owned Benefit has teamed up with footwear brand Crocs on a new limited edition collection, named Benefit x Crocs. THE DETAILS The range features the classic Crocs style, as well as a slider, in a pink hue, embellished with Benefit-inspired and branded Jibbitz charms. To complement the launch, the two companies have created a TikTok…
THE WHAT? Brazilian retail sales, excluding autos and construction, have continued to rise in May following a positive April, as consumers return following pandemic restrictions, according to a report by Reuters. However, the cosmetics and pharmaceutical sector reported a fall. THE DETAILS According to figures from the Government statistics agency IBGE, there was also a strong upward…
THE WHAT? Coty has announced the launch of a digitally-enabled, touch-less fragrance testing device that it is set to install across beauty retailers over the next year. THE DETAILS Real-world testing of the device, which was developed in partnership with Everie, will commence at bricks and mortar stores in key European stores this month, followed…
