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Gross profit for the quarter was $9.9 billion, as compared to $10.3 billion in the previous year.

P&G Q2 2023 Results

Reported net sales were $20.8 billion, a decrease of 1% as compared to the previous year.

Olehenriksen Names Anine Bing Global Scandi Brand Advisor

Bing's role will range from creating social media content to cross-branded collaborations.

AS Beauty Enters Skin Care With Bliss Acquisition

This move signals the company's intention to diversify its growing portfolio.

Facetheory Launching in 113 Sephora Asia Stores in 9 Countries

Since its DTC launch in 2014, the brand has pursued retail partnerships in Europe, North America and the Middle East, which are "in development," per the brand. Omnichannel launches related to these expansions are forthcoming this year.

Brands under the Shiseido Americas banner include Drunk Elephant.

[update] Agnes Landau Takes CMO Role for Shiseido's US Brands, Company Names Additional Execs

Landau previously held key roles at The Estée Lauder Companies Inc., including senior vice president, strategic transformation, at MAC Cosmetics North America.

The Inkey List Receives B Corp Certification

Its packaging is now 100% recycle-ready, with all of the bottles and tubes now a minimum of 50% PCR.

epres' Professional Bond Repair is a single-step solution to re-bond hair structure without lowering the pH balance of the chemical service, preventing increased processing times, reduced lift and inhibited color deposit.

Former Olaplex Inventor, Founder of epres Awarded Patent for Next-Generation Bond Repair Technology

This is first patent awarded to epres and the brand will continue to leverage its use of next-generation bond repair technology to develop and validate new innovations in the future.

Hype Hair will also become the official media partner with Bronner Bros, the largest professional trade show dedicated to multicultural beauty and licensing deals with Conair.

Hype Hair Acquires Good Good Hair, Adds Industry Veteran

CEO Lia Dias is focusing on continuing to diversify the Hype Hair revenue model and scaling Hype Hair internationally via e-commerce, licensing, franchising and video/podcast content.

Tobias Kuetscher previously served as Unilever's general manager for both the European and Asia-Pacific regions and held leadership roles in marketing and sales at L'Oréal.

Beauty Startup Underlining Appoints Former Unilver, L'Oréal Exec

Tobias Kuetscher will work to strengthen the company's multi-channel growth initiatives and lead the firm's global expansion.

Digital Village offers new, scalable technologies for the creation and interaction of digital identities and assets in virtual worlds.

L’Oréal’s BOLD Invests in Metaverse & NFT Startup Digital Village

This move marks the first venture capital investment by L’Oréal in the metaverse and Web3 space.

The joint future developments will continue to pursue Jil Sander's vision of beauty and fashion combined to the fragrances world.

Coty Extends License Agreement With Jil Sander

The renewed partnership will pave the way for a brand new 10-year strategic project that includes the brand entering the global ultra-premium fragrances segment.

Ariana Grande Buying r.e.m. beauty from Forma Brands [update]

The brand debuted in November 2021 with "Chapter 1" of its collection, titled "Ultraviolet."

Mielle Organics' acquisition by P&G raises the question: can Black- and Brown-centric brands continue to serve their core shoppers while also widening the tent?

Can Mielle Organics Stay True to Its Consumers Post-acquisition?

In 2022, Mielle Organics was the third fastest growing brand in terms of online search volume, per Spate.

Jörn Andreas, Ph.D., president cosmetic ingredients, Symrise, says, 'As the beauty and personal care industry continues to evolve, we are constantly looking for opportunities to gain deeper market insights and to drive product innovation. Symrise and Ignite Venture Studio have an excellent track record of creating successful collaboration projects.'

Symrise Invests in Ignite Venture Studio to Drive Startup Product Innovation

"As the beauty and personal care industry continues to evolve, we are constantly looking for opportunities to gain deeper market insights and to drive product innovation," says Jörn Andreas, Ph.D., president cosmetic ingredients, Symrise.

The app identifies makeup applied on a user’s face and assesses the uniformity and boundaries of application and coverage.

The Estée Lauder Companies' AI-powered Beauty App Caters to Visually Impaired Users

The app is designed to support the visually impaired community by further enabling self-expression and self-empowerment through their relationship with makeup.

While consumers often distrust influencers, they also take beauty cues from them; photo by Liza Summer at Pexels.

Selfless by Hyram & Item Beauty's Sephora Exits Highlight Influencer Beauty's Reckoning

Influencer beauty isn't dead, but it is more competitive than ever.

Prior to joining Moda Operandi, Matlin was most recently the beauty director of Harper's Bazaar.

Moda Operandi Jumps into Beauty, Appoints New Director

Jessica Matlin writes, "Our curation is highly selective, bringing you an inspiring mix of heroes and hidden gems. You can expect some of the brands you know—think: La Mer, Westman Atelier, Santa Maria Novella—and some surprises, too."

Cosfibel works in beauty and personal care, wine and spirits and fine foods, with a client list of more than 70 global brands.

GPA Global Acquires Cosfibel Group, Boosting EU Presence

The acquisition creates a strong European foothold for GPA through Cosfibel's key manufacturing facilities in Spain, Portugal and Belgium.

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