This morning, June 22, the fashion crowd is buzzing about Pharrell’s debut at Louis Vuitton and the closing of Christopher Kane, while the rest of the world awaits news from the deep, deep sea. For those of us in the beauty industry, however, the biggest news of the morning is the acquisition of Parfums de Marly, the indie fragrance brand that’s recently had a renaissance thanks to TikTok, as well as the announcement of 2023’s newest Sephora Squad members — the retailer’s most diverse group yet. Read these stories and more in the links below.

Leaders, You’re Probably Wrong About Your Employees Well-Being. It’s Getting Worse. Not Better. According to a survey released today by Deloitte and Workplace Intelligence, an HR research and advisory firm, there’s a disconnect between how employees and C-suite executives perceive the state of employees’ mental health. (Fast Company)

Parfums de Marly and Initio Parfums Privés are Acquired by Advent International. Financial terms of the transaction were not disclosed, but sources have told WWD that the deal for the buzzy niche fragrance brands was valued at more than $700 million. (WWD)

Dove Wins Media Grand Prix at Cannes After Turning Its Back on TikTok. The campaign, which kicked off in March and highlighted the negative impact of TikTok’s Bold Glamour filter on young people, was promoted under the hashtag #TurnYourBack and used influencers to spread the word. (AdWeek)

Sephora Announces Newest Influencers to Support Diverse Voices in Beauty. The retailer’s newest members of its Sephora Squad program are its most diverse ever, with 70% of creators identifying as a person of color, 14% as a Spanish speaker, and others as a member of a non-binary gender group or the LGBTQIA+ community. (Forbes)

Unpaid Internships have Been Criticized For Years. Why Are They Still Around? Around the globe, recent increases in the cost of living have sparked concerns around the issue of unpaid internships yet again. And while several countries have introduced legislation against it, in the US unpaid internships are still very much a reality. (The Washington Post)

Stanley Kohlenberg, Veteran Beauty Executive, Dies at 90. Kohlenberg worked with some of the biggest beauty icons of the 20th century, including Charles Revson and Helena Rubinstein, and helmed Coty US and Calvin Klein Cosmetics. (WWD)