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5 Korean skincare trends transforming the Canadian beauty market
Korean beauty — widely known as K-beauty—has steadily reshaped the global skincare conversation with its emphasis on gentle formulas, thoughtful routines, and science-backed ingredients. In Canada, this shift has become especially visible over the last few years. More consumers are learning about what goes into their products, comparing routines through social media, and searching…
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Natura completes sale of Avon International while retaining Latin America operations
THE WHAT? Brazilian beauty group Natura has finalised the sale of Avon International to US-based investment firm Regent LP, while retaining ownership of the Avon brand and operations across Latin America. THE DETAILS The transaction, first announced in September, was completed on December 31 and transfers control of Avon International outside Latin America to…
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Novo Nordisk launches oral Wegovy weight-loss treatment across US
THE WHAT? Novo Nordisk has begun broad US distribution of Wegovy pill, the first oral GLP-1 treatment approved for chronic weight management in adults with obesity or overweight with related medical conditions. THE DETAILS The once-daily oral formulation of semaglutide received FDA approval on December 22, 2025 and is now available through more than…
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FDA flags data gaps in PFAS use following mandated cosmetics safety review
THE WHAT? The US Food and Drug Administration (FDA) has published its long-awaited assessment of per- and polyfluoroalkyl substances (PFAS) in cosmetic products, highlighting significant data gaps around their safety and use. THE DETAILS PFAS are a broad class of synthetic chemicals that are intentionally added to certain cosmetics—including colour cosmetics, skincare and nail…
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Saks Global CEO Marc Metrick steps down amid bankruptcy concerns
THE WHAT? Saks Global has announced that CEO Marc Metrick has stepped down from his role, with Executive Chairman Richard Baker appointed as his successor, as the luxury retailer faces mounting speculation around a potential bankruptcy. THE DETAILS The leadership change follows reports that Saks Global, the parent company of Saks Fifth Avenue and…
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Minnesota jury awards US$65.5 million verdict against Johnson & Johnson in talc asbestos case
THE WHAT? A Minnesota jury has awarded US$65.5 million in damages against Johnson & Johnson after finding that the company’s talc-based consumer products exposed a plaintiff to asbestos and contributed to her developing mesothelioma. THE DETAILS The verdict follows a 13-day trial in Ramsey County District Court, where jurors heard evidence that Johnson &…
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Saks CEO Marc Metrick steps down amid reports of possible bankruptcy
Saks Global said Friday, January 2, 2026, that CEO Marc Metrick has stepped down, after nearly three decades with Saks. As reports circulate that the luxury retailer may be preparing for bankruptcy, the company named Executive Chairman Richard Baker as his successor. “This transition reflects Mr. Metrick’s desire to pursue new opportunities,” said the…
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Cosmetix West to consolidate operations in a new facility in Carson, California
The US manufacturer of beauty and health products has announced its intention to move all its operations into a brand new state-of-the-art facility in Carson, California. Cosmetix West said the relocation will allow it to better serve customers by consolidating production, compounding, warehousing, and office operations under one roof, strengthening its ability to deliver…
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2025 in Review: Executive Moves – Leadership Resets Redefine Beauty’s Next Chapter
If 2025 was a year of recalibration for beauty and retail, it was also a year of churn at the top. Across global groups, prestige retailers and challenger brands alike, leadership change became a defining feature of the landscape—driven by shifting consumer demand, intensifying competition, activist pressure and the need to execute transformation faster.…
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2025 in Review: Funding the Future – Capital Flows Prioritise Scale and Resilience
If 2025 underscored one truth about the beauty and personal care industry, it was that capital still flows—albeit more selectively, more strategically and with sharper expectations. In a year marked by uneven consumer demand, geopolitical tension and higher financing costs, funding activity shifted away from indiscriminate growth and toward balance-sheet strength, portfolio focus and…