BUSINESS – Page 8 – Beautifaire

22 May

DSM-Firmenich Appoints Recent Perfumery and Beauty Business Chief –

PARIS — DSM-Firmenich, the newly created world’s largest fragrance, beauty, well-being and nutrition supplier, has named Emmanuel Butstraen the brand new president of its perfumery and sweetness business. The chief will succeed Ilaria Resta within the role on July 1, while maintaining his position of chief integration officer on the group. Resta will turn out to be the chief executive officer of Audemars Piguet in August. Since May 2022, Butstraen has played a key role in driving the DSM-Firmenich merger. Emmanuel Butstraen Philippe Wiget Before becoming chief integration officer, he was president of Firmenich’s taste and beyond division, since 2018. “Under his leadership, the business underwent a transformative journey, becoming a world innovation partner of selection,” DSM-Firmenich said in an announcement. Butstraen also has longstanding experience within...

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19 May

Gen Z Business Founders, Retail Brand Leaders to Speak

by Beautifaire101

Beauty, Featured

The Retail Influencer Network, a network of senior business leaders, investors and analysts founded by Berns Communications Group, today announced the initial speaker lineup for its second annual Retail Influencer CEO Forum Featuring the Z Suite. The total-day, invitation-only summit on Sept. 12 at Recent York’s Crosby Street Hotel will unite Gen Z leaders and influencers with retail and brand executives “to assist the industry unlock the Gen Z consumer mindset,” in accordance with organizers. The forum’s programming will center on the theme of “Courageous Leadership Paving the Way for Real Change,” and featured speakers will include “CEOs, ZEOs and senior executives who're leading with conviction and connecting deeply with Gen Zers along the way in which,” BCG said in an...

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8 May

Small Business Owners Struggling to Pay Rent

by Beautifaire101

Beauty, Featured

Small Business Owners Struggling to Pay Rent

As a result of “cumulative pressures” of inflation, rising rates of interest, fears of a recession and bank failures, small business owners polled by Alignable are experiencing fading optimism. Those polled are seeing lower sales, profits and customer counts — leading to struggles to pay rent. Chuck Casto, head of research, corporate communications and news at Alignable, said the present state of small business “might be summed up best with two words: economic backslide. Casto said the survey tapped 4,235 randomly chosen small business owners. He said historical responses from one other 695,000 small business owners were also included within the report. The study found that 74 percent of respondents are concerned about rising rates of interest, while 27 percent said current...

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4 May

J&J’s Consumer Health Business Officially Goes Public – WWD

by Beautifaire101

Beauty, Featured

J&J’s Consumer Health Business Officially Goes Public – WWD

Kenvue Inc., the patron health subsidiary of Johnson & Johnson that encompasses Neutrogena, Aveeno and Tylenol brands, launched its initial public offering Thursday. Shares began trading on the Recent York Stock Exchange under the symbol KVUE at $22 per share, valuing the corporate at roughly $42 billion, and poising it to boost about $3.8 billion. At market close, shares were trading at $26.46. J&J still holds 90.9 percent of outstanding shares of the business. J&J’s total consumer health business generated $15 billion in 2022, a 2.7 percent increase from the prior yr. It also announced the appointment of its designate chief executive officer, Thibaut Mongon, and its chief financial officer, Paul Ruh, in May of last yr. “Helping consumers realize the extraordinary power of...

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