Jyothy Labs witnessed a 20 percent decline in its net profit for the first quarter ended June 30 to Rs 40 crore ($5.4 million), as compared to Rs 50 crore it reported in the year-ago period.

​Skincare start-up Minimalist has raised $15 million (Rs 110 crore) in a Series A funding round led by Sequoia Capital India with participation from Unilever Ventures.

Colgate-Palmolive India Ltd (CPIL) witnessed an18 percent rise in its net profit at Rs 233 crore ($31.4 million) for the first quarter ended June 30.

Maybelline owner L'Oreal on Thursday said sales growth had accelerated in the second quarter partly due to resurging make-up sales in the United States as Covid-19 lockdowns ease.

MyGlamm has raised around Rs 530-crore ($71.21 million) in a Series C funding round led by a clutch of investors including Accel, Bessemer Venture Partners, Strides Ventures, Trifecta, and Wipro.

Selfridges is for sale with a formal auction process about to start. It hasn’t been announced by its owners, the Westons, but a news report said Credit Suisse will be canvassing prospective buyers “imminently”.

​Lifestyle brand Boat has strengthened its leadership team with the appointment of three new senior executives to help it expand its presence across segments over the next few years. 

​Hindustan Unilever Limited (HUL) reported a 10 percent rise in its net profit at Rs 2,061 crore ($276.8 million) in the first quarter ended June 2021.

​FMCG giant Unilever had a “strong” first half, it said on Thursday with underlying sales growth of 5.4% (4% by volume and 1.3% price) while price growth stepped up in Q2.

Entrepreneur and yoga guru Ramdev has announced that he has no plans for a Patanjali initial public offering this year but could take a decision on the matter by the end of the current 2022 financial year.

The majority of online shoppers do not want the government to ban or intervene in sales on e-commerce platforms, which it is considering to do in its draft e-commerce policy, according to a new survey.

​Herbal skin and hair care brand Jovees Herbal Care India has announced the appointment of Rakhi Sharma as the vice president of marketing and e-commerce.

​Mumbai-based eco-friendly home and personal care D2C (direct-to-consumer) brand Beco has raised Rs 4 crore ($537,342) in a funding round led by Climate Angels Fund and other investors.

E-commerce business Snapdeal plans to continue its focus on brands in the value section of the market and said it will not retail high-end brands, optimising its supply chain towards this aim.

Bella Vita Organic has raised $10 million (Rs 74 crore) from Ananta Capital, a private equity platform backed by the Mumbai-based Taparia family of Famy Care Group. 

​In a month that's shaping up to be huge as far as luxury deals are concerned, the latest news is that LVMH is boosting its stake in Off-White. Virgil Abloh's streetwear label will now be 60% owned by the French giant.