German firm Vorwerk & Co. will acquire direct-seller Jafra from private equity firm Clayton, Dubilier & Rice, companies announce March 30. Jafra Chairman and CEO Ron Clark will retain his position under the new owner. "The acquisition represents an expansion of Vorwek's direct sales activities into cosmetics, fragrances and skin care products, which is the largest and fastest growing direct sales segment worldwide," the company says. Currently, Vorwek's primary direct sales business is in household appliances. A CDR-managed fund bought Jafra from Gillette in 1998. The firm has since increased its profits 400%, according to CDR...
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The US FTC’s contention that ‘notice and choice’ has failed as the cornerstone of consumer privacy regulation and must be abandoned in favor of data minimization and other more stringent measures does not adequately account for the complexity of business practices and consumer behavior, FTC commissioner Melissa Holyoak asserted at the NAD’s 2024 Annual Conference.
FTC Commissioner Melissa Holyoak says the agency has acted outside the bounds afforded by Congress, citing several areas within consumer protection, including a recent update to the final rule for the Health Breach Notification Rule and the commission’s use of notices of penalty offense to serve as the basis for Section 5 settlements.
At one year, TikTok Shop conjures the early days of Amazon, representing the ‘Wild West’ of beauty ecommerce, said co-founders of private label and contract manufacturing company KO-Pack at the IBA Cosmetics Convergence Fall 2024 Virtual Symposium, “The Promise and Pitfalls of TikTok Shop.”
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Lawmakers in California heeded calls from industry to change proposed legislation to avoid a wider ban on microplastics in personal care products.
A healthy diversity of different types of players and plenty of space for scaling up are among the reasons that investors remain interested in the consumer health sector, according to investment bankers speaking at the recent AESGP Annual Meeting.
Commissioner Martin Makary told staff that plans are being developed to centralize HR, IT, travel and other functions, which were heavily impacted by the 1 April reduction-in-force.
