Industry buzz
The Body Shop Canada goes into restructuring and closes 33 stores
The Canadian subsidiary of the global beauty brand has filed for bankruptcy and announced on Friday March 1, 2024, that it will...
Balmain to launch first fragrance in September 2024
Balmain Beauty has unveiled the pre-launch campaign for its very first perfume, announced for next September. Dubbed “Project...
Special papers, Fedrigoni reinforces its position in the North-America market
The Fedrigoni Group, one of the world’s leading manufacturers of special papers, self-adhesive materials, and RFID solutions, has...
Merck opens new EUR 20 million distribution center in Brazil
Merck’s Life Science divisions has inaugurated a new, EUR 20 million distribution center in Cajamar, São Paulo, Brazil to better serve...
Shiseido plans 1,500 job cuts in Japan through anticipated retirement program
The Japanese cosmetics giant intends to transform its business in Japan. The plans includes an early retirement incentive plan for...
Advent International acquires Brazilian haircare brand Skala Cosméticos
Global private equity fund Advent International has acquired Skala Cosméticos, a vegan haircare brand headquartered in Uberaba, Minas...
US retailer Macy’s to close 150 stores and refocus on high end segments
The iconic but struggling US department store Macy’s announced plans to close around 150 locations by 2026, while concentrating...
Beautycare Brazil takes 44 companies to Cosmoprof WorldWide Bologna 2024
From March 21 to 24, 2024, Beautycare Brazil (Internationalization Project of the Brazilian Cosmetics, Toiletries and Fragrances...
French antitrust authority to investigate product rating systems
The French antitrust authority (Autorité de la concurrence) has announced it is starting inquiries ex officio to analyse the competitive...
A minority of TikTokers produce the vast majority of content, research finds
Despite its growing popularity, TikTok remains a platform where the majority of users are content to consume videos. A recent study by...
