Information

THE WHAT? Procter & Gamble has announced a series of leadership appointments in the run up to Jon Moeller’s official start as CEO of the company, effective November 1, 2021, according to a report published by Cincinnati.com. THE DETAILS Fatima Francisco will head up the business’ Family Care unit following the retirement of Mary Lynn …

THE WHAT? Walmart will no longer pay bonuses each quarter to store workers, instead upping its hourly rate of pay, according to a report published by The Wall Street Journal. THE DETAILS The US retailer’s MyShare benefit will no longer be paid out as of January 31, 2022 and will instead by rolled into associates’ …

THE WHAT? Beauty Pie has completed a Series B funding round of US$100 million, bringing the company’s total funding to date to approximately US$170 million.  THE DETAILS The round was led by Index Ventures alongside US-based global private equity and venture capital firm Insight Partners, existing investors Balderton Capital and General Catalyst and Latitude VC, sister fund …

THE WHAT? Clean beauty company Beautycounter is teaming up with buy now, pay later app Klarna on a new livestream shopping series.  THE DETAILS The four-episode livestream series is being broadcast via Beautycounter’s LIVE @ Abbot Kinney content studio, California, and marks the latest in a series of collaborations between the two companies since August 2020.  The …

THE WHAT? Procter & Gamble is set to invest 600 million pesos (US$5.8 million) in a bid to modernize and increase its production lines in Argentina, according to a report by Market Research Telecast.  THE DETAILS The personal care giant is reported to have presented the investment plan to Argentine Minister of Productive Development, Matías Kulfas. THE …