The US beauty supplies specialist recorded a 0.2% decline in net sales, down to $996.3 million, in the third quarter. The company is maintaining its focus on its restructuration plan, and announced the forthcoming closure of 1-2% of its stores.
French cosmetics giant L'Oreal said Wednesday it had acquired Germany's Logocos Naturkosmetik, a firm that offers vegan and organic beauty products, which it plans to offer more widely internationally.
Avon announced on Monday the appointment of Benedetto Conversano to the newly-created role of Chief Digital & Information Technology Officer. Heather Payne has also been appointed as Chief Technology Officer.
One Ocean, a clean beauty brand that has secured the first ever beauty company equity investment from The Lubrizol Corporation, a Berkshire Hathaway company, has launched with a sustainable wellness collection.
The owner of Espa, Glossybox and Lookfantastic has secured a new $1 billion banking facility as it continues to build its beauty and wellness portfolio to become the global digital leader in the sector.