Information

THE WHAT? Symrise has announced that it has bought a 25 percent stake in Kobo Products, a powder dispersion specialist for the beauty industry. Terms of the deal were not disclosed. THE DETAILS Under the terms of the deal, Symrise will become a distribution partner for the US-headquartered powder and pigment specialist’s inorganic UV filters. …

THE WHAT? Bed, Bath & Beyond has announced that Cindy Davis has stepped down from her role as Executive Vice President, Chief Brand Officer and President of Decorist, effective immediately. Davis joined the company from L Brands in May, 2020. THE DETAILS Rafeh Masood, EVP and Chief Digital Officer was named as interim Chief Brand …

THE WHAT? The Estee Lauder Companies has announced a three-year brand partnership with poet Amanda Gorman. THE DETAILS As part of the deal, the US prestige beauty giant will contribute US$3 million over the term to support Writing Change, a special initiative to advance literacy. Gorman, meanwhile, will bring her ‘voice of change’ to the …

THE WHAT? Bernard Arnault has ended his shareholder agreement with Arnaud Lagardere, according to a report published by Reuters. THE DETAILS The LVMH Chairman and CEO’s Agache investment company has exited Lagardere’s personal holding company and will instead raise its direct stake in the French publishing and travel retail firm. THE WHY? Arnault came to …

THE WHAT? Amazon has launched a mobile app aimed at helping Indian farmers to optimise their yield, according to a report published by Bloomberg. The Reactive and Proactive Crop plans will provide agricultural workers with the latest technology and insights. THE DETAILS The app will provide information on soil types, pest control, weather and disease …