Kenvue Considering Sale Of Some Skin Health And Beauty Brands
Kenvue, the consumer health products business spun off from Johnson & Johnson in 2023, is reported to be exploring the sale of some of...
L’Oréal Confirms Acquisition Of British Skin Care Brand
Following recent rumours, L’Oréal announced today that it has signed an agreement to acquire a majority stake in the British skincare brand Medik8.
Terms of...
P&G Cutting Thousands Of Jobs To Counter Cost And Economic Pressures
US consumer goods giant Procter & Gamble (P&G) has revealed that it plans to cut up to 7,000 jobs (approximately 6% of its global...
Kimberly-Clark Selling Off Majority Stake In International Tissue Business
Kimberly-Clark, the owner of brands such as Huggies, Andrex and Kleenex, revealed yesterday that it had struck a deal with Brazilian pulp maker Suzano...
Remy Cointreau Drops 2030 Goals Amid Market Turmoil
The maker of Remy Martin cognac and Cointreau liqueur has abandoned its 2030 sales growth ambitions, saying tariffs and persistently slow sales in the...
E.l.f. Beauty Paying $1bn For Hailey Bieber’s Makeup Brand
E.l.f. Beauty has agreed a $1bn deal to acquire Rhode, the makeup and skincare brand founded by model Hailey Bieber.
E.l.f. will pay Rhode shareholders...
General Mills Kicks Off Global Restructuring Initiative
General Mills, the maker of products such as Cheerios, Nature Valley, and Old El Paso, has approved a multi-year global restructuring plan that aims...
Rémy Cointreau Appoints New CEO Amid Downturn In Sector
Franck Marilly has been appointed as the new Chief Executive of French cognac maker Rémy Cointreau, replacing Eric Vallat, who announced his departure last...
Nestlé Boss Says His Predecessor ‘Weakened The Fabric’ Of The Company
Nestlé Chief Executive Laurent Freixe said his predecessor’s forays into new product categories that included health supplements “weakened the fabric of the organisation”, as...
Kraft Heinz Looking For Acquisition Opportunities
Kraft Heinz has hinted that it is evaluating potential merger and acquisition opportunities after seeing demand for its snacks and meals take a hit...