Information

THE WHAT? Walmart, Unilever and Natura &Co are among the 14 companies that have signed up to support the finalists of Prince William’s Earthshot Prize. THE DETAILS The companies, which together form the Global Alliance, will work with the 15 finalists, supplying resources and support in the fields of manufacturing, supply chains, retail, regulatory advice, …

THE WHAT? DFS has announced the promotion of Ariel Gentzbourger, formerly Senior Vice president Beauty and Fragrance, to Executive Vice President Merchandising. THE DETAILS In her new role, Gentzbourger will support her manager, Sibylle Scherer, President Merchandising and Marketing and assume daily responsibility for day-to-day operations of DFS’ global Merchandising organization. Christophe Marque has been …

THE WHAT? L’Oréal USA has become the first company worldwide to be EDGEplus certified, a new certification from the EDGE (Economic Dividends for Gender Equality) global standard. THE DETAILS The certification enables organizations to go ‘beyond gender and measure the intersectionality between gender and race/ethnicity, gender identity, sexual orientation, age, disability and nationality.’ L’Oréal USA began the …

THE WHAT? Walgreens has become the latest company to increase its starting wage amidst the ongoing U.S. worker shortage.  THE DETAILS The retailer is increasing the starting salary to US$15 an hour effective October, and is aiming to fully implement the new wage by November 2022.  The increased wage will cost Walgreens around US$450 million over the …

THE WHAT? Coty has filed an IPO for its Brazilian unit in order to help it deleverage and expand its businesses, according to a report by US News.  THE DETAILS While the offering amount of price per share is yet to be disclosed, a source has stated that the company is aiming to raise at least 1 …