THE WHAT Chanel has reported revenue of US$10.1 billion, down 18 percent year on year compared to 2019, citing a ‘highly disrupted environment’ that led to the closure of its boutique and manufacture network, and the suspension of international travel. THE DETAILS Operating profit was reported at US$2,049 million, down 41.4 percent YOY, and a free cash…
THE WHAT Unilever is expanding its refillable packaging trials across the UK, which will include the first ‘return on the go’ refill trial at Asda and Co-op stores. THE DETAILS The trial, which includes well-known brands, follows the successful launch of its largest refill trial in Europe in Asda’s Leeds sustainability store last year. The new ‘test…
THE WHAT The Body Shop has chosen Finn Partners as its U.S. PR agency of record, according to Provoke Media. THE DETAILS The activist beauty company announced it has retained Finn Partners following a competitive pitch, with the agency overseeing services such as integrated PR strategy and activism, partnership support and influencer programming. Finn has worked with…
THE WHAT Direct-to-consumer beauty start-up Pilgrim has raised Rs13 crore in a Series A funding round, led by Fireside Ventures, Rukum capital, the Founder and CEO of Bewakoof.com, and the founding teams of Boat and NoBroker, according to a report by the Economic Times India. THE DETAILS The Series A funding round follows an angel round last…
THE WHAT Hair care brand DevaCurl has undergone a brand revamp and has also unveiled new products and formulas. THE DETAILS Having updated its existing range while adding three new ones, the range is focused on bond technology and scalp care; there are 30 SKUS either being reintroduced or are new. The new DevaCurl Repair & Bond…
THE WHAT? Unilever has signed an agreement to acquire DTC skin care brand Paula’s Choice from TA Associates. THE DETAILS Financial terms of the deal were not disclosed. The transaction is expected to complete in the third quarter of the year. “I am so excited that Unilever and Paula’s Choice are joining forces, and I…
