Information

THE WHAT? Macy’s has announced the hiring of consultant firm AlixPartners to look into the spin off of its e-commerce operations, however, CEO Jeff Gennette has stated that the company has not reached any predetermined conclusions.  THE DETAILS The U.S. retailer is said to be looking at whether it made sense to split its digital business from …

THE WHAT? U.S. retailer CVS Health Corp is set to shutter 900 stores over a three-year period, totalling nearly 10 percent of its U.S. locations, according to The Wall Street Journal.  THE DETAILS The company will be adding more health services at its remaining locations, and has stated that it will close 300 stores per year.  CVS …

THE WHAT? Lush Cosmetics is to deactivate its global social media accounts effective 26 November, in a move to protect users’ mental health challenges.  THE DETAILS The activist beauty brand will remove its presence from Instagram, Facebook, TikTok and Snapchat, rolling out across all 48 countries in which it operates.  Taking to a press release, the company said, …

THE WHAT? Amorepacific has teamed up with Korean boyband BTS on a new limited edition Laneige Lip Sleeping Mask, inspired by the group’s ‘Permission to Dance’ tour.  THE DETAILS The BTS | Amorepacific Lip Sleeping Mask Purple Edition will feature BTS’ tour artwork on the packaging box and the BTS logo on the front of the jar.  …

THE WHAT? Coty has announced the appointment of Dr Shimei Fan as Chief Scientific Officer. Fan joins the US beauty behemoth from Shisiedo where she was Senior Vice President of the Americas Innovation Center. THE DETAILS In this new role, Fan will head up the 500-strong R&D team and lead on sustainability. Her appointment is …