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THE WHAT? Henkel has reported a Q3 organic sales growth of 3.7 percent YOY and 7.5 percent vs 2019, with the rise driven mainly by emerging markets.  THE DETAILS The company achieved group sales of around 5.1 billion euros, thanks to ‘positive pricing in all business units.’  Beauty care sales fell 6.5 percent to 934 million euros, …

THE WHAT? Macy’s has announced an expansion of its benefits program, which will see it launch a debt-free education initiative, raise minimum wage and expand other benefits.  THE DETAILS Aiming to attract and retain workers, the retailer has launched an tuition benefit program and raised its company-wide minimum rate to US$15 per hour. Beginning February 2022, Macy’s …

THE WHAT? In a bid to help combat climate change, the Estée Lauder Companies (ELC) UK & Ireland has pledged £500,000 over five years to fund nature restoration projects in the UK. THE DETAILS The beauty giant has become a founding partner of ‘Revere’, a nature restoration project development facility delivered by a partnership between Palladium and …

THE WHAT? Duty free owner Gebr. Heinemann has launched a new concept ‘‘future friendly: Great for you. Better for the planet,’ which aims to address sustainability within travel retail.  THE DETAILS The concept has debuted in Berlin, Frankfurt, and Hamburg airports, and highlights eco-conscious and ‘future friendly’ products. These will start with products that use sustainable packaging …

THE WHAT? Coty has announced a further quarter of improvement in its financial performance. For the three months ended September 30, 2021, revenues increased 22 percent (reported), above guidance, thanks to a combination of growth in both e-commerce and bricks and mortar outlets. THE DETAILS The US beauty behemoth said that its Prestige unit delivered …