THE WHAT? Canadian wellness platform Yooma has announced that it will be discontinuing operations in China, effective immediately. THE DETAILS Yooma also announced that CEO Ron Wardle will be leaving the company. Current CFO and President, Jordan Greenberg has been named as his successor while Joshua Lebovic has been appointed as interim CFO. THE WHY?…
THE WHAT? Saudi Arabia’s Food and Drugs Authority has issued a recall notice for Henna Al Madina after finding the cosmetic product to contain dangerous levels of bacteria, according to a report published by Gulf News. THE DETAILS The product also failed to comply with local regulations, which require cosmetic products to be listed on…
THE WHAT? Beiersdorf-owned Nivea India has named Ajay Simha as its Marketing Director, effective immediately, according to a report published by the Financial Express. THE DETAILS A Beiersdorf veteran, Simha has more than a decade of experience across various senior roles at the German personal care manufacturer, most recently as Regional Marketing Manager – Middle…
THE WHAT? UK-based confectioner Hotel Chocolat has snapped up cacao-powered beauty brand Rabot 1745 for the modest sum of £4, according to a report published by BBC News. THE DETAILS Hotel Chocolat invested in the start-up some five years ago in partnership with Andrew Gerrie, and already owns a 47 percent stake in the business….
THE WHAT? Zalando and Sephora have announced that they have signed a strategic partnership to create an online prestige beauty destination for European shoppers. THE DETAILS The experience, which combines the German online fashion retailer’s deep e-commerce expertise with the LVMH-owned perfumery chain’s extensive assortment of products from more than 300 prestige and exclusive brands,…
THE WHAT? Beiersdorf is expanding its NX Nivea Accelerator program to Shanghai, China following its success in Seoul, South Korea. To that end, the German manufacturer of Nivea has selected five start-ups for its first cohort. THE DETAILS In order to jointly establish new brands more quickly, Beiersdorf has teamed up with Alibaba-owned Tmall to…
