Estée Lauder had two major stories last week. First, the global beauty company announced that after nearly 13 years, Gregory F. Polcer, executive vice president, global supply chain, has made the decision to retire, effective July 1, 2021. Polcer will be succeeded by Roberto Canevari.
The Estée Lauder Companies also announced a sweeping set of sustainability goals specific to the company’s Travel Retail unit. The new goals cover emissions, waste and energy as key priorities.
In other news, L’Occitane Inc. has commenced a voluntary case under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey. Still, L'Occitane en Provence boutiques across the country are open and operating safely in accordance with all applicable Covid-related guidelines.
Additionally, Coty Inc. has announced plans to close its manufacturing site in Cologne, Germany. The move comes as Coty consolidates global fragrance operations.
Here are our top 10 most viewed stories from the past week:
1. Ranking the Top 50 Cosmetic Companies
2. Top 20 Companies
3. Estée Lauder Companies Updates Supply Chain Leadership
4. L’Occitane Files for Bankruptcy in U.S.
5. The Estée Lauder Companies Announces Game-Changing Sustainability Goals for Travel Retail
6. Why Major CPGs Are Acquiring Black-Owned Beauty Brands
7. Redken Unveils Acidic Bonding Concentrate Range
8. Coty To Shut Down Manufacturing Site in Cologne, Germany
9. Coty Appoints Chief Procurement Officer
10. Dove's Refillable Deodorant is Made to Last A Lifetime
Thanks for reading our Breaking News. We'll have a new list for you next Monday.
Have a great week!