Information

THE WHAT? Meghan Markle and Prince Harry’s Archewell Foundation has announced a multi-year global partnership with personal care giant Procter & Gamble, which will focus on building more compassionate communities.  THE DETAILS According to a statement, the partnership will focus on gender equality, creating inclusive online spaces, and resilience and impact through sports.  Other work will include…

THE WHAT? L Brands has announced it is to spin off Victoria’s Secret as a standalone company rather than sell the brand, according to a report by the NY Times.  THE DETAILS The company has been weighing up its options for the brand over the last 12 months, having entered into talks with numerous parties interested in…

THE WHAT? Internet fashion giant Boohoo has lined up 200 cosmetic brands to showcase on the major relaunch of the beleaguered Debenhams online business this fall, according to a report by This is Money.  THE DETAILS Boohoo bought out the e-commerce arm of the ailing UK department store in January this year, and has embarked on an…

THE WHAT? Henkel has hailed its first quarter of fiscal 2021 as ‘a very good start’ with organic sales growth of 7.7 percent (nominal +0.8 percent), for a total of €4,968 million, despite the continuing coronavirus crisis. THE DETAILS Sales growth was driven largely by the Adhesive Technologies unit, which saw sales soar 13 percent…

THE WHAT? A group of legal experts has criticised the outcome of a case that has prevented Citigroup from recouping finds mistakenly paid to Revlon creditors, according to a report published by Bloomberg. THE DETAILS The brief, filed with the federal appeals court in Manhattan last week, opined that the lower court judge misapplied legal…

THE WHAT? Kao has recognised the role that resellers play in the Chinese retail landscape and is working with TrendExpress to sanction bulk buying for that express purpose, according to a report published by Nikkei Asia. THE DETAILS The J-beauty manufacturer will sell a set volume of product to TrendExpress, who will manage the inventory….