Recently announced partnership with Tom Ford will benefit Estee Lauder brand by associating the cosmetics line with former Gucci designer's "leadership, authority and creativity," and even though he will create only limited-edition items for the brand, his imprint will likely impact Lauder's image for several years down the line, CEO William Lauder tells analysts during April 28 sales and earnings call. Net sales in Q3 (ended March 31) grew 8.2% to $1.54 bil., or 6% in local currencies, while net earnings were up 8% to $106.2 mil., firm reports. Skin care sales grew 9% to $608.2 mil. on a reported basis, or 6% in local currencies, company notes. Makeup revenues advanced 6% to $628.2 mil. on a reported basis, or 5% in local currencies, while fragrance sales grew 12% to $228.7 mil. on a reported basis (11% in local currencies). Hair care revenues were up 10% to $67.3 mil. on a reported basis (9% in local currencies)...
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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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E.l.f. Beauty, Inc. has agreed to acquire celebrity and model Hailey Bieber’s rhode lifestyle beauty brand for $1bn, the firm reported during a 28 May fiscal fourth quarter earnings call, during which it also announced plans to raise product prices to ‘partially’ mitigate the impact of tariffs.
In a nod to drug manufacturers’ potential interest in moving to natural alternatives for petroleum-based synthetic dyes the agency intends to remove from use, document explains process for asking for approval for “any dye, pigment, or other substance that can impart color to a food, drug, cosmetic,
French consumer health player Urgo has added to its dietary supplements offering with separate deals in Poland and Belgium.
