THE WHAT? Procter & Gamble has reported freight and commodity costs of US$600 million after tax for the current financial year to date, according to a report published by Reuters quoting the US FMCG giant’s CFO. THE DETAILS The company forecast freight costs of more than US$200 million after tax in the fiscal year ended…
THE WHAT? A judge at the U. S. District Court of the Southern District of New York has ruled that an excessive fee lawsuit against Estée Lauder is to continue, according to a report by Plansponsor. THE DETAILS Judge Jesse Furman has denied Estée Lauder’s motion to dismiss the suit, which accused the company, its board of…
THE WHAT? US-Somali model Halima Aden has teased a return to the fashion world following her announcement back in October that she was quitting modelling. THE DETAILS Following her catwalk debut for the Kanye West Yeezy Season 5 show in 2017, Halima has starred in Hilfiger’s Fall 2020 campaign, as well as becoming the first person to…
THE WHAT? Sally Beauty has launched a new campaign called YOU by Sally, which aims to normalize self-expression and celebrate the choice to have bright hair. THE DETAILS Featuring TikTok star Heather Chelan, the campaign focuses on empowerment through hair color and was inspired by Chelan’s viral hit ‘Having Colored Hair Doesn’t Make You Unprofessional.’ The ad…
THE WHAT? Revlon’s bonds have soared to the highest since January 2020 following a reworking of its company balance sheet, according to a report by Bloomberg. THE DETAILS The beauty giant’s 6.25 percent senior unsecured bonds rose more than 5 cents on the dollar to 47.25 cents. Company shares also increased to a high of US$17.57, before…
THE WHAT? Shiseido has been selected as one of the stocks in the COVID Response (Customer Care) category within the Digital Transformation Stocks (DX Stocks) 2021 program. THE DETAILS Jointly run by the Ministry of Economy, Trade and Industry (METI) and the Tokyo Stock Exchange (TSE), the program selects TSE-listed companies, by industrial category, which have established…
