Avon products Inc missed estimates for quarterly revenue on Thursday as it had fewer representatives to sell its products in some of its main markets, with Europe, Middle East and Africa seeing the worst dip in sales.
The company will now pledge to limit its contribution to global temperature rise to 1.5 degrees celsius (2.7 degrees fahrenheit) above pre-industrial levels and reaching net-zero emissions by no later than 2050.
The biggest beauty names are in a race to snap up the most dynamic brands globally and Anglo-Dutch consumer-products giant Unilever is one of the most active names, its latest big buy being J-Beauty brand Tatcha.
Brazil cosmetics company Natura intends to invest up to $5 million in new brands in beauty and wellness segments in Europe and the United States through venture capital funds, executives said on Friday.
Wembley Park’s London Designer Outlet (LDO) will see two major openings in the next few weeks with on-trend brand Champion set to open its first UK outlet store there while Beauty Outlet will also open a large shop.