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4 May

Henkel Finalizes Sale of Russia Business Unit – WWD

by Beautifaire101
Beauty, Featured
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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4 Apr

How Amazon’s Anti-counterfeit Unit Fights Fakes With AI and

by Beauty Tips
Fashion, Featured
The most important takeaway that Amazon wants brands and consumers to know about its anti-counterfeiting measures is that its approach is working — and never just incrementally. In line with the e-tail giant’s latest brand protection report released on Tuesday, its copycat-busting moves have led to the removal of 6 million fakes from its marketplace and stopped tons of of 1000's of illicit activities. Amazon’s tactical approach to combatting counterfeits has been years within the making, as a mix of name and consumer reporting, seller vetting, mandated removals and legal enforcement actions. However the tech giant’s expertise in artificial intelligence appears to be amping up the efficacy, perhaps to such a level that it might even discourage malevolent parties from even trying. “The...
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