THE WHAT? Henkel Turkey has named Guray Yildiz Chairman of the Executive Board. Yildiz will take on the new role on top of his current position as GM of Turkish Henkel Laundry and Home Care. THE DETAILS Yildiz succeeds Hasan Alemdar, who has held the role for the past nine years. Alemdar will continue to…
THE WHAT? Wesfarmers has announced that it has submitted a non-binding offer to the Board of Australian Pharmaceutical Industries to acquire 100 percent of API’s shares for US$1.38 per share. The proposal price equates to a total equity value of US$687 million, based on 498.2 million fully diluted shares outstanding. THE DETAILS The offer represents…
THE WHAT? Platinum Equity has announced that it has signed a definitive agreement to acquire Solenis from Clayton, Dubilier & Rice and BASF in a transaction that values the specialty chemicals supplier at US$5.25 billion. THE DETAILS Under the terms of the deal, Solenis is expected to merge with existing Platinum Equity company, Sigura Water….
THE WHAT? A California State Appeals Court has found in favor of Kourtney, Kim and Khloe Kardashian in a suit bought by the sisters against Haven Beauty and subsidiary Hillair Capital over royalty fees they were owed for their first beauty line, Khroma Beauty, according to a report published by Forbes. THE DETAILS The sisters…
THE WHAT? Kao Salon Division has announced that Dominic Pratt, formerly Vice President R&D, Skin Care Products Research, will succeed Cory Couts as Global President, Kao Salon Division, effective September 1, 2021. THE DETAILS Couts is leaving the company after nine years in the role, based in Germany, to return to the US, his home…
THE WHAT? Spotlight Oral Care has announced a €12 million investment by Irish development and growth capital fund manager Development Capital. THE DETAILS The funds will enable the Irish premium oral care brand to further expand into Europe and across the US, helping to attract and secure new talent for the company’s growing international…
