Industry buzz
Incessant scrolling of short videos on social networks intensifies boredom
A new study coming out of Canada highlights the effects of compulsive viewing of short videos on social networks such as TikTok and...
LYB acquires APK AG to expand sustainable polymer capabilities
LyondellBasell (LYB) has inked an agreement to acquire full ownership of APK AG, a producer of recycled polymers based in Merseburg,...
TNT Group creates a stainless steel rotating applicator for Chanel
Described by stakeholders as a true “mechanical feat”, the patented rotating applicator of the Revitalizing Eye Serum N°1 by Chanel is...
Kolmar Korea speeds up North America expansion with plans for second US plant
Kolmar Korea plans to build its second U.S. plant early next year. To this end, the cosmetics manufacturer has appointed a new head for...
Sephora to cut jobs in China, as market slowdown deepens
In a challenging Chinese market where demand has fallen, the beauty retailer is downsizing its workforce. According to the subsidiary of...
Coty’s annual sales surge but profits crumble
The New York-headquartered cosmetics and perfume group announced on August 20 a 10% increase in sales for its staggered 2023/2024...
IBG’s Brand Incubator partners with Family Dollar for new haircare line
Available in Family Dollar stores, the new Crown Hair Society haircare series aims to offer luxury haircare products at affordable...
PCHi Technology Summit to open doors from 21-22 August 2024 in Guangzhou
The PCHi Technology Summit 2024 will be held from 21-22 August at the Guangzhou Yuexiu International Convention Center in China. Keeping...
President & CEO Fabrizio Freda to retire from the Estée Lauder Companies
Fabrizio Freda, the long-term President and CEO of the Estée Lauder Companies (ELC), has announced his intention to retire at the end of...
Avon Products, Inc. files for Chapter 11 bankruptcy protection
Avon Products Inc. (API) has filed for Chapter 11 bankruptcy protection at the US Bankruptcy Court of the District of Delaware, has...
