The Bettencourt family and food giant Nestle "will continue on acting in concert toward the L'Oreal company" following expiration of a shareholder pact at the end of the month, the parties stated April 9. On April 29, each party will have the option of selling or increasing its roughly 30% stake in the company, and each has the right of first refusal if the other wants to unload its share. Under the current arrangement, neither the Bettencourts nor Nestle can purchase more shares of the company until six months after the death of 86-year-old Liliane Bettencourt, only child of the L'Oreal founder Eugene Schueller and principal shareholder of L'Oreal SA. Nestle has indicated in recent years that it may consider acquiring L'Oreal, but now reportedly says it is in no hurry to make a decision. Some analysts are saying Nestle would be ill-advised to acquire the cosmetics firm, but speculation no doubt will continue. L'Oreal USA sweeps up Idaho Barber & Beauty: Beauty distributor chain Idaho Barber & Beauty Supply has been acquired by L'Oreal USA, according to an April 9 release. The move is in line with a string of recent purchases by the L'Oreal division designed to strengthen its presence in the professional products distribution market, including Maly's West in 2007 and Columbia Beauty Supply in 2008. IB&B will become part of Maly's West under L'Oreal USA's SalonCentric distribution arm, created earlier this year (1"The Rose Sheet" Feb. 16, 2009, In Brief). IB&B serves over 5,000 salons in Idaho, Montana, Washington and other western states, the firm notes. "This acquisition gives us a stronger presence in the Western part of the country and allows us to combine our expertise in the areas of education, supply chain management, service to salons and, of course, the continuing fight against diversion," says SalonCentric President Paul Sharnsky. Terms of the deal were not disclosed
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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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“I would suggest that we are much more aligned with the mission of making America healthy than we can get the credit for, which leads me to the matter of why some folks have perceived a disconnect between the MAHA movement and our industry's desires,” says CRN CEO Steve Mister.
L’Oréal SA and Kering SA expect to close on a binding agreement in the first half of 2026 that will hand off Kering Beauté, including the House of Creed, to the beauty giant. The deal also includes providing L’Oréal 50-year exclusive licenses for Kering’s luxe fragrance and beauty brands.
The Organic Consumer Group has bolstered its offering in Europe's beauty market with the acquisition of Denmark's Hairlust, known for its innovative haircare products.
