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THE WHAT? The Estée Lauder Companies has announced a new talent and development program in partnership with Florida A&M University (FAMU), which aims to build the next generation of Black beauty leaders in travel retail. THE DETAILS ELC has created an exclusive internship and scholarship program with the university, furthering the company’s goal to double full time …

THE WHAT? Speciality chemicals company Evonik has announced the acquisition of Swiss plant extract producer Botanica, which will expand its presence in botanical cosmetic ingredients.  THE DETAILS Botanica will be integrated into the Care Solutions business line within Evonik’s life sciences division Nutrition & Care.  Evonik plans to draw on Botanica’s plant know-how and extraction competence in order to …

THE WHAT? LG Household & Health Care has seen net profit rise 3.4 percent in Q3 to 240 billion won ($205.8 million), while sales fell 2.9 percent in the same period to 2.01 trillion won.  THE DETAILS LG’s beauty division reported a year-on-year decline of 10.2 percent, with operating profit increasing 9 percent to 215.4 billion won. The …

THE WHAT? Chanel has launched a new No 5 Spaceship activation in the departure lounge at Heathrow Airport Terminal 5 to celebrate the 100th anniversary of the Chanel No 5 fragrance.  THE DETAILS The pop up is immersive and interactive, and was created in collaboration with Dufry, Heathrow Airport and ooh media specialists JCDecaux.  The activation includes a …

THE WHAT? The Estée Lauder Companies has cut its full year sales forecast, citing industry-wide supply chain issues and the rise of the Delta COVID-19 variant, according to a report by Reuters.  THE DETAILS The beauty giant has been hampered by ongoing pandemic restrictions in some parts of the East, which has affected demand for its lipsticks …