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THE WHAT? The CEO of Kiko Milano, Cristina Scocchia has resigned to take up a Chief Executive role at Illy, according to a report published by WWD. Her departure is effective December 31, 2021. THE DETAILS The Italian cosmetics brand is yet to announce a successor. “We are grateful to Cristina Scocchia for the important …

THE WHAT? Melvin Capital Management has upped its stake in Coty two-fold, bringing its total share to 5 percent, according to a report published by Bloomberg. The move follows on from KKR’s sale of roughly 20 million shares in Coty, although is said to be unrelated. THE DETAILS Melvin’s stake now stands at 21.7 million …

THE WHAT? AmorePacific has been named CES Innovation Award Honoree for the third consecutive year thanks to its bespoke beauty innovations, the Bathbot and Myskin Recovery Platform. THE DETAILS The Bathbot produces personalized bath bombs by gauging human emotions via brain wave signals while the Myskin Recovery Platform is an integrated platform that measures the …

THE WHAT? Procter & Gamble has struck a deal to purchase Indie skin care brand Farmacy Beauty, according to a report published by WWD. THE DETAILS The US FMCG giant declined to comment on the terms of the deal, although WWD reports that the brand is expected to report net sales of US$80 million this …

THE WHAT? Weleda has announced its B Corp Certification. The German natural cosmetics company scored 106.8 points, some way above the 80 required for B Corp status. THE DETAILS The new status reflects Weleda’s efforts to become more sustainable and confirms that it meets the highest verified standards for social and environmental performance, transparency and …