BUSINESS – Page 9 – Beautifaire

4 May

Henkel Finalizes Sale of Russia Business Unit – WWD

PARIS – Henkel AG has finalized the sale of its business activities in Russia to a consortium of local financial investors for 54 billion rubles, or $689.6 million, the group said Thursday. The German maker of Schwarzkopf, Dial and Diadermine products had announced on April 20 its signing of an agreement to sell that activity, following Russia’s attack on Ukraine. Also on Thursday, the Düsseldorf-based group reported first-quarter sales of 5.6 billion euros, up 6.4 percent on a reported basis and 6.6. percent in organic terms. The organic growth beat financial analysts’ consensus of 4.3 percent. “That’s a superb beat in itself, but is the bottom organic growth – even for consumer alone – and the smallest beat within the sector,” wrote Bruno Monteyne,...

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1 May

The Workshop at Macy’s Ushers in 25 Business Owners

by Beautifaire101

Beauty, Featured

The Workshop at Macy’s Ushers in 25 Business Owners

This month Macy’s will welcome 25 business owners to the 2023 class of The Workshop at Macy’s, the retail industry’s longest-running retail accelerator program dedicated to driving growth and providing opportunity to diverse and women-owned retail businesses. The 2023 class may have a chance to access Macy’s supplier ecosystem, education and funding resources, latest customers through a pop-up shop on macys.com and $250,000 in business grants. Throughout the month Workshop participants can be given firsthand experience selling their products at scale with a special digital pop-up shop on macy.com. As well as, following The Workshop graduation, participants can be introduced to Macy’s buyers and digital marketplace teams for the chance to onboard as vendors across Macy’s retail ecosystem. All participants may even...

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25 Apr

Johnson & Johnson Prepares IPO for Its Consumer Health

by Beautifaire101

Beauty, Featured

Johnson & Johnson Prepares IPO for Its Consumer Health

Johnson & Johnson plans to launch an initial public offering for Kenvue Inc., a completely owned subsidiary comprising its Consumer Health business, later this 12 months. The corporate goals to lift as much as $3.5 billion within the IPO, which comes at a time of muted public offerings within the U.S. J&J’s Consumer Health activity involves self care, skin health and sweetness, and essential health brands, including Neutrogena, Aveeno, Dr. Ci:Labo, NeoStrata, OGX, Dabao and Le Petit Marseillais. J&J, which just launched a roadshow for the IPO, is offering 151.2 million shares of common stock of Kenvue, that are priced between $20 and $23 per share. J&J said that it expects to grant the underwriters a 30-day choice to buy as much as a...

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14 Apr

Three Beauty Founders Who Are Redefining Business – WWD

by Beautifaire101

Beauty, Featured

Three Beauty Founders Who Are Redefining Business – WWD

Indie brand founders are difficult the established order. “I take advantage of the tag line, ‘I like my products, how I like my people, nontoxic,’ which is a nod to surrounding yourself with talented conscious leaders and businesses,” said Dorian Morris, chief executive officer and founding father of Undefined Beauty. “Because that’s where you'll be able to make a change.” Joining Morris at WWD’s L.A.B. Forum in Los Angeles were Fiona Co Chan, CEO and founding father of Youthforia, and Lesley Thornton, holistic aesthetician and founding father of Klur. They sat down with Monica Arnaudo, chief merchandising officer of Ulta Beauty, who dug into how each founder is redefining the sweetness industry. “I’m not going to redefine beauty alone,” Thornton said. “After I...

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