According to Reuters, major consumer goods companies such as Unilever and Procter & Gamble (P&G) are facing the threat of tariffs on Mexico under the incoming administration of U.S. President-elect Donald Trump.
Beauty
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On October 28, multiple media outlets reported that The Estée Lauder Companies intends to appoint Stéphane de La Faverie, the company’s Executive Group President, as its next CEO.
On October 4, Unilever announced that Mary Carmen Gasco-Buisson has been appointed as the new CEO of its Prestige Beauty division.
Bottega Veneta has unveiled a new fragrance collection crafted under the creative direction of Matthieu Blazy.
On September 30, The Estée Lauder Companies announced that Mark Loomis, Group President for North America, will retire at the end of fiscal year 2025 after 28 years with the company.
French biotech skincare brand, Orveda, has expanded into the U.S. market by opening its first flagship store, “La Maison Orveda New York,” in Manhattan’s Upper East Side in September 2024.
On September 24, Estée Lauder announced the launch of its first “Beautiful Forces Grants” as part of its initiative to support women’s leadership.
On September 12, L’Oréal announced the signing of a tripartite partnership with Abolis Biotechnologies, a biotechnology company, and Evonik, a leader in specialty chemicals.
On September 11, Chanel announced that Hollywood actress Margot Robbie had been chosen as the new face of their iconic fragrance, Chanel N°5.
On September 6, Puig, a leader in the fragrance industry based in Barcelona, announced robust growth for the first half of the 2024 fiscal year.