Xavier Vey, with L'Oréal since 1998, is the new head of L'Oréal Luxe in western Europe. He has been replaced as head of L'Oréal Luxe in the USA by Megan Grant, formerly in charge of cosmetics brand Kiehl's.
Avon products Inc missed estimates for quarterly revenue on Thursday as it had fewer representatives to sell its products in some of its main markets, with Europe, Middle East and Africa seeing the worst dip in sales.
The company will now pledge to limit its contribution to global temperature rise to 1.5 degrees celsius (2.7 degrees fahrenheit) above pre-industrial levels and reaching net-zero emissions by no later than 2050.
The biggest beauty names are in a race to snap up the most dynamic brands globally and Anglo-Dutch consumer-products giant Unilever is one of the most active names, its latest big buy being J-Beauty brand Tatcha.
L’Oréal USA has named Megan Grant as the new president of its Luxe division, following the promotion of Xavier Vey to general manager of the Western Europe zone for the Luxe division, both effective July 1, 2019.
Brazil cosmetics company Natura intends to invest up to $5 million in new brands in beauty and wellness segments in Europe and the United States through venture capital funds, executives said on Friday.