Daily Newsletter

22 June 2023

Revolution Beauty slams shareholder Boohoo’s “self-serving” and “value-destructive” restructuring proposals

The Revolution Beauty Group is making moves to dodge a significant restructuring play after its largest shareholder, Manchester-based Boohoo, issued demands to install its own leadership inside the Kent-headquartered British makeup firm. 

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Today’s Top Stories

► Clarins and USAID invest heavily in sustainable shea production in Côte d’Ivoire

► Amplifica leverages discovery of “groundbreaking” hair growth molecule
► Washington State cracks down on harmful chemicals in personal care and packaging
► Unilever and TikTok promote #CleanTok to jazz up home care image globally

► Hit the face gym: Amiro develops “facial yoga” devices to depuff and destress

Eyes on China: Brenntag acquires Saifu, Kao’s Sensai to establish a luxury business in Shanghai

Latest business moves by Brenntag and Kao are focused on expanding in China. Chemical and ingredient distributor Brenntag has acquired Shanghai Saifu Chemical Development, touted as a market leader with expertise in personal care chemicals. Meanwhile, Sensai will be opening a flagship store in Shanghai this year, introducing a luxury business model unique to the brand in the country.

Paraben-free personal care launches gain momentum

Between 2018 and 2022 paraben-free claims saw an average growth of 7% globally in the indexed number of personal care launches. US, Canada and Europe led the way with a total of 60% launches. Moreover, Unilever was found to be the company with the most launches in paraben-free claims.

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