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Unilever reshapes global marketing leadership as Leandro Barreto takes expanded CMO role
THE WHAT? Unilever has appointed Leandro Barreto to an expanded role as Chief Marketing Officer, Unilever and Beauty & Wellbeing, effective 1 January 2026, as the group brings its enterprise-wide marketing agenda closer to its Business Groups. THE DETAILS Barreto, currently CMO of Unilever’s Beauty & Wellbeing Business Group, will assume responsibility for Unilever’s…
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Oriflame Secures Bondholder Consent for Recapitalisation of US$800m Notes
THE WHAT? Oriflame Investment Holding Plc has secured the required bondholder consent to amend the terms of its senior secured debt, clearing a key step in its recapitalisation process. THE DETAILS The beauty company received valid and unrevoked consents from holders representing 98.40% of its US$550 million 5.125% senior secured notes due 2026 and…
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CVC Moves to Sell FineToday After Shelved IPO
THE WHAT? CVC Capital Partners is exploring a sale of Japanese personal care company FineToday after postponing its planned Tokyo IPO. THE DETAILS FineToday delayed its listing in October after targeting a valuation of around ¥169 billion (US$1.08 billion), below earlier expectations. Sources say CVC is now seeking a valuation of over US$2 billion,…
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King Street Leads Refinancing Facility for Voyant Beauty
THE WHAT? King Street Capital Management has led a first-lien term loan facility to refinance contract manufacturer Voyant Beauty. THE DETAILS The new facility replaces Voyant Beauty’s existing term loan and repays outstanding asset-based lending, while also providing additional liquidity for general corporate purposes. The refinancing is designed to simplify the company’s balance sheet…
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Chanel Appoints Aegon HR Chief as Global People Lead Amid Leadership Reset
THE WHAT? Chanel has appointed Elisabetta Caldera as global chief people and organisation officer, continuing a reshuffle of senior leadership as long-serving executives retire. THE DETAILS Caldera, currently global chief human resources officer at Dutch insurer Aegon, will join Chanel next month, succeeding Claire Isnard, who is retiring after more than 17 years with…
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Amorepacific Launches Second Voluntary Retirement Programme Since Founding
THE WHAT? Amorepacific Group has introduced a voluntary retirement programme, marking only the second time such a measure has been implemented since the company’s founding. THE DETAILS Announced internally on 5 December, the programme is positioned as a response to shifting domestic and global business conditions. It follows a previous voluntary retirement initiative launched…
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US Caps Tariffs on Swiss Cosmetics Imports at 15% Retroactively
THE WHAT? The US has reduced additional tariffs on Swiss imports to a 15% ceiling, applied retroactively from 14 November 2025, with cosmetics included in the affected product categories. THE DETAILS The new tariff cap replaces a previous additional duty of up to 39% on Swiss goods. Alongside existing exemptions for pharmaceuticals and certain…
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Coty Chair Peter Harf to Step Down as JAB Plans Leadership Overhaul
THE WHAT? Coty is preparing for a senior leadership shake-up, with chair Peter Harf set to step down and chief executive Sue Nabi expected to depart as controlling shareholder JAB Holdings moves to reset the group’s direction. THE DETAILS JAB plans to appoint a new chair who will then move quickly to install a…
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TPG Exits Most of Anastasia Beverly Hills Stake, Taking Major Loss
THE WHAT? TPG has largely exited its investment in Anastasia Beverly Hills through a debt restructuring, significantly eroding its approximately US$600 million stake in the cosmetics company. THE DETAILS The private equity firm acquired around 38% of the brand in a leveraged deal and now holds an estimated 6% following the restructuring. The move…
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Shanghai Forest Cabin Cosmetics Files for Hong Kong IPO
THE WHAT? Shanghai Forest Cabin Cosmetics Group, known as Lin Qingxuan, has filed for an initial public offering in Hong Kong as competition intensifies in China’s premium skincare market. THE DETAILS The company’s growth is anchored by its Camellia Essential Oil, which contributes nearly 40% of annual revenue and more than 45% in its…