Jenni Baden HowardIn breaking news, Louis Vuitton Moët Hennessy (LVMH) has named Michael Burke, a longtime executive within the company, as its new Chairman and CEO of LVMH Americas. Effective immediately, Burke’s new position will involve overseeing all operations in the region, including beauty and personal care. In other executive updates, Henkel has tapped Rajat Agarwal as President of its North America region.
What are the advantages of high-yield savings accounts (HYSAs)? In her latest column for CEW, Money Matter With The Fiscal Femme, Ashley Feinstein Gerstley explains how these types of accounts can help your money grow, and keep you on track with your financial goals. “HYSAs offer a higher interest rate (often 100x+) than what you’d get from a traditional bank,” explains Feinstein Gerstley, who lays out the reasons why these accounts can be beneficial for everyone.
In female leadership news, Imperial College London has launched the UK’s first university network devoted to supporting women entrepreneurs, through addressing the main challenges highlighted in Dame Alison Rose’s influential Rose Review of Female Entrepreneurship.
On this side of the pond, The Inkey List will make its Ulta Beauty debut on July 13. Meanwhile, Benefit Cosmetics is building on the popularity of its POREfessional range with the launch this month of the first POREfessional Foundation. The “smoothing, pore-blurring formula,” will go on sale from 16 July at Benefit brick and mortar counters and online at Benefit Cosmetics.
On the fragrance front, Estée Lauder’s Aerin brand is adding to its perfume portfolio with the launch of Wisteria, the first scent in its new Les Jardins Botaniques collection.
To read more about these and other news stories, click on the links below.
LVMH Names Michael Burke As Chairman and CEO of LVMH Americas. “Known for scaling Louis Vuitton and revitalizing Bulgari, his expertise in retail, brand elevation, and creative partnerships is expected to drive growth in a competitive beauty landscape,” reports Global Cosmetics News. (GLOBAL COSMETICS NEWS)
Henkel Taps Rajat Agarwal As President Of North America Region. Agarwal currently serves as the Corporate VP of Packaging of Henkel’s Adhesive Technologies.(COSMETICS BUSINESS)
Why High Yield Savings Accounts Are For Everyone. Ashley Feinstein Gerstley unpacks the benefits of HYSAs, such as the fact that they earn interest. “Right now, you can earn 3.5% to 4.0% on your HYSA which is probably over 100x more than what we would earn with a traditional brick and mortar bank,” she writes. (CEW)
Imperial College London Launches Network For Women Entrepreneurs. “The significant benefits that female entrepreneurs can contribute to the UK economy from the research conducted in the Rose Review underpins the high potential of female entrepreneurship,” commented Dame Alison Rose, who authored the U.K. Government’s Rose Review. (CEO TODAY)
The Inkey List Arrives At Ulta Beauty. Colette Laxton, the brand’s cofounder, describes the no-frills beauty brands as being “balanced between Gen Z and Millennial.” (WWD)
Benefit Cosmetics Unveils POREfessional Foundation. Dropping in 40 shades, it’s positioned as “skincare-adjacent and performance-driven.” (PBL PRO BEAUTY MAGAZINE)
Aerin Goes Wild For Wisteria. The new scent includes notes of wisteria, honeysuckle, musk and lang-ylang. (HAPPI)
How Beauty Is Preparing For Amazon Prime Day. This week’s discounts are set to be bigger than ever, reports Beauty Independent. (BEAUTY INDEPENDENT)
L’Oréal Paris Appoints Charlotte Cardin As Its New Ambassador. The Canadian singer-songwriter will appear in new ad campaigns throughout Canada and France. (BEAUTY PACKAGING)
