Information

THE WHAT? Walgreens Boots Alliance is mulling the sale of its namesake Boots business, according to a report published by Sky News. THE DETAILS The drug store owner is said to have appointed Goldman Sachs to advise on the options available, which could include a spin off or disposal. The UK high street pharmacy chain …

THE WHAT? Hindustan Unilever has announced that it has met its goal to eliminate coal usage across its operations, replacing the fossil fuel with greener alternatives such as biomass suppliers and biodiesel. THE DETAILS The shift is not only good for the planet but has also resulted in cost savings for the company. The journey …

THE WHAT? Chanel has come under fire from consumers after its first ever advent calendar failed to meet expectations, according to a report published by Fox Business. THE DETAILS One TikTok user posted a video revealing the underwhelming contents of the US$825 calendar, which include some sample-sized cosmetics, stickers, a magnet and an empty dust …

THE WHAT? Ulta Beauty has announced a record set of results for the third quarter of fiscal 2021. The US beauty retailer delivered sales of US$2 billion compared to US$1.6 billion in the year-ago quarter, an increase of 28.6 percent. THE DETAILS Gross profit increased to US$789.5 million compared to US$545.5 million in prior year …

THE WHAT? L’Oréal has announced a new multi-year partnership with one of the world’s most innovative and accurate climate tech companies, BreezoMeter. The Israel-based firm is a leader in the sphere of environmental insights around air quality, pollen and fire. THE DETAILS The duo will combine their expertise in the science of aging and the …