Author: Louise Prance-Miles

JD.com invests in UK with British Fashion Council three-year partnership

Chinese e-commerce giant JD.com has entered into a strategic partnership with the British Fashion Council (BFC), having been named as the exclusive Chinese retail partner of London Fashion Week, according to a report by WWD.com. The move is a development of the current partnership with the two countries, with JD.com and the BFC having collaborated since 2017, introducing new British designers to the Chinese market via the BFC/Vogue Designer Fashion Fund. Showcasing a further investment into British fashion, the new partnership is seen as a natural evolution for JD.com and the BFC with a key focus of the sponsorship...

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Avon shares dive as quarterly revenues miss analysts’ estimates

Direct sales giant Avon has seen its shares drop by 19 percent as its total revenue fell 11 percent to $1.40 billion in the three months ending 31 December, short of average analysts’ estimate of $1.43 billion, according to a report by Reuters. The dive was attributed to a fall in product demand in Latin American markets, which dipped 15 percent to $488.3 million, as well as a fall in the number of sales representatives, which declined 6 percent in the quarter – the largest drop being in the United Kingdom, Brazil and Russia. The company reported restructuring costs...

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California considers new law to improve ‘harmful’ cosmetics legislation

A new law is being considered by Californian legislators that would aim to overhaul the existing California Safe Cosmetics Act of 2005, looking to repair the omission of ‘harmful’ cosmetics. According to the existing law, manufacturers of a cosmetic product subject to the approval by the federal Food and Drug Administration must supply a complete list of cosmetics products that contain any ingredient identified as ‘causing cancer of reproductive toxicity.’ The new bill (AB495) was introduced this week, and, subject to approval, aims to ‘improve the oversight of harmful cosmetics’ by the Division of Environmental Disease and Occuptional Disease...

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Coty shares soar as investor JAB Holding looks to increase share

JAB Holding could be set to take greater control over Coty with the announcement it is looking to increase its stake to 60 percent, news that sent Coty’s shares soaring, according to a report by Bloomberg. What is seen as a vote of confidence in the Coty management turnaround, the tender offer would increase JAB Holding’s current 40 percent stake in the company and comes as the company is starting to regroup under new CEO Pierre Laubies after a troubled couple of years. The move to increase its stake to 60 percent will give the JAB Holdings more control,...

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Benefit ups commitment to influencer marketing with new in-house agency

Benefit has announced the creation of a new in-house influencer agency as the company ploughs more money into the lucrative marketing channel, according to a report by The Drum. Aimed at bridging the gap between its marketing teams and digital influencers, the new investment in the channel will allow Benefit to better allocate its budget in order to see return on investment. The new division to be headed up by Annie Harrison, Senior PR and Influencer Manager, initially launching in the UK with a possible future roll out into other markets. According to Harrison, there will be 14 people...

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