Knowlton Development Corp said on Tuesday it was looking to raise up to $857.14 million through a U.S. initial public offering, valuing the manufacturer for beauty, personal and home care brands at more than $3 billion.
The pandemic's lockdowns confirmed two things: UK women upped their self-care game and they bought more beauty products digitally. Online health & beauty-related sales in the first half of this year jumped 223%.
Givaudan, the world’s top perfume and fragrance producer, has announced it will enlarge its production plant in Pedro Escobedo, in the state of Querétaro, Mexico, as it seeks to boost its Latin America growth.
Palm Angels has launched not one but three debut scents with fragrance specialist 19 – 69, in the latest product development from the Italian hipster skateboard brand, following on link-ups with Missoni and Vilebrequin.
Boots is upping its delivery credentials. The UK health & beauty retail giant has signed with Deliveroo and its takeaway app to offer around 400 store items for home delivery in pilot programme in 11 city centres.
Capri Holdings had big news on Tuesday as it announced a new CEO — Joshua Schulman — for Michael Kors. But more importantly, he'll take over as group CEO from John D Idol next year. Idol will become executive chairman.
Hugo Boss has a new growth strategy called Claim 5 that aims to double its sales to €4bn by 2025. It will accelerate growth across all brands, touchpoints, and geographies and will include a branding refresh.