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P&G Increasing US Product Prices More Broadly With Commodity Headwinds Still Strong

 
• By Eileen Francis

P&G raises prices on 9 of its 10 US product categories, rolling out increases in grooming, skin care and oral care products now. High commodity costs prompted it to increase its outlook for headwinds of $2.1bn for its FY2022.

• Source: Alamy

Procter & Gamble will counter growing headwinds with price increases for products in nine out of its 10 US categories within the next 90 days, with average increases at mid-single digit percentages.

“We’re taking pricing around the globe and it’s really a decision that is taken market by market, category by category...

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E.l.f. Plans To Acquire Hailey Bieber Beauty Brand For $1Bn

 
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Shiseido’s Key Priorities: Recover Drunk Elephant, Accelerate NARS Amid US Prestige Slowdown

 
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IFF Offsets Tariffs’ Impact, But Discretionary Product Ingredients Face Risk

 
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More from Business

CIR Panel Tentatively Finds Hair Dye 4-Chloro-2-Aminophenol Unsafe, Despite Lack Of Use

 
• By Lauren Nardella

Six panelists of the Expert Panel for Cosmetic Ingredient Safety voted in favor of issuing a tentative unsafe designation for hair dye 4-chloro-2-aminophenol, though the substance has no reported uses on the US market.

L’Oréal, NVIDIA Partner To ‘Unlock’ AI’s Potential Across Beauty

 
• By Eileen Francis

L’Oréal SA and NVIDIA Corp. are collaborating to unlock AI’s potential access across beauty, including innovation, scalability, and personalized marketing, the French beauty firm and the tech company announced during the Viva Technology show in Paris.

Leonard Lauder, ‘Visionary’ Who Grew Estee Lauder Into Global Beauty Powerhouse, Passes At 92

 
• By Eileen Francis

The Estee Lauder Companies’ Chairman Emeritus Leonard Lauder, who is credited with growing his family’s firm into a global beauty powerhouse over six decades through the launch and acquisition of iconic brands and expansion into Europe, Asia and the Middle East, passed away 14 June.