Jenni Baden HowardIn breaking news, Ariane Grande’s beauty brand, R.e.m. Beauty, has appointed André Branch as its Chief Executive Officer. “Having André join us here at R.e.m. has just been such an incredible gift,” Grande told WWD, praising Branch’s business acumen and “strong track record of bringing bold beautiful ideas to life.” In other executive news today, LR Health & Beauty SE has tapped Jörg Körfer as Chief Executive Officer, effective August 1.
Here at CEW, in her exclusive column for CEW, Money Matters With The Fiscal Femme, Ashley Feinstein Gerstley explains how to understand your credit score, and suggests some practical ways to boost it. “Our credit score is a number that is used (usually by lenders) to determine how likely we are to repay our debt,” writes Feinstein Gerstley. “The most commonly used credit scoring models are FICO and VantageScore and range from 300 to 850. The higher the better.”
In other news headlines, Shiseido Americas has announced job cuts in its workforce. “In an internal memo, Shiseido Americas Interim CEO Alberto Noé told the staff that the company will issue “wide-ranging and significant” layoffs across its U.S. operations,” reports Beauty Packaging.
In sun care, La Roche-Posay has partnered exclusively with Soho House to provide the brand’s iconic Anthelios sunscreens to in-room and poolside amenities for members throughout the U.S. And in sustainability news, biotechnology company ÄIO has secured €1 million in funding to help develop ecological alternatives to traditional oils used in cosmetics.
Read more about these news stories by clicking on the links below.
R.e.m. Beauty Taps André Branch As CEO. Branch was most recently General Manager of MAC Cosmetics North America. “R.e.m. Beauty has an immense amount of potential within prestige beauty,” commented Branch. (WWD)
LR Health & Beauty SE Appoints Jörg Körfer As CEO. Körfer worked 14 years at Vorwerk (CEO Kobold and CEO Thermomix), was chairman of the Advisory Board at Bofrost, and acted as CEO in an advisory capacity. (HAPPI)
Interparfums SA Inks Scent License With Longchamp. Jean Cassegrain, Chairman & Chief Executive Officer of Longchamp, said “I look forward to working with Philippe Benacin and his teams to write this new chapter in the history of our Maison. We will cooperate in a spirit of enthusiasm to forge a new expression of our brand values: authenticity, energy and creative curiosity.” (INTERPARFUMS)
Unpacking And Improving Your Credit Score. Ashley Feinstein Gerstley suggests expert strategies such as paying down your balance throughout the month, in order to keep your utilization low. (CEW)
Shiseido Americas Announces Job Cuts. “Shiseido has not disclosed how many roles will be eliminated,” reports Beauty Packaging. (BEAUTY PACKAGING)
La Roche-Posay Signs Sunscreen Partnership With Soho House. The deal marks Soho House’s first big U.S. sun care collab since 2021. (GLOBAL COSMETICS NEWS)
ÄIO Secures €1m Funding To Develop Cosmetic Oil Aternatives. “The Estonian company will use the funds to replace unsustainable oils in formulations with yeast-derived alternatives it has been developing,” according to Cosmetics Business. (COSMETICS BUSINESS)
