French cosmetics giant L'Oreal said Wednesday it had acquired Germany's Logocos Naturkosmetik, a firm that offers vegan and organic beauty products, which it plans to offer more widely internationally.
Avon announced on Monday the appointment of Benedetto Conversano to the newly-created role of Chief Digital & Information Technology Officer. Heather Payne has also been appointed as Chief Technology Officer.
One Ocean, a clean beauty brand that has secured the first ever beauty company equity investment from The Lubrizol Corporation, a Berkshire Hathaway company, has launched with a sustainable wellness collection.
L'Oreal is still struggling to kickstart sales growth at its mass market unit that makes products like Garnier shampoo. Such challenges hit the company's shares on Friday even as its luxury brands posted strong revenues.
Avon has appointed former L'Oréal Paris GM Anna Chokina and promoted Elena Degtyareva as two new global VPs. The company also announced that Marco Brandolini has been named as GM of Italy and the Mediterranean.