Unilever will cut 1,500 jobs and will also cut the number of junior management staff by 5%. Unilever employs around 149,000 people worldwide and the cuts are part of its restructuring plan. On January 25, Unilever released an announcement on its website that a new organizational structure is formed. The company will be divided into five different business groups and 1,500 management positions will be reduced. According to its latest announcement, the company will be organized around five different business groups: Beauty & Wellness, Personal Care, Home Care, Nutrition and Ice Cream. What was once the Beauty & Personal Care division was divided into Beauty & Wellness and Personal Care. The company had previously revealed that following a comprehensive review of the company's organizational structure, it "intends to move from the existing matrix to an operating model that enables greater agility, improved category focus and enhanced accountability" to achieve its goal of improving performance. Moreover, Unilever has also officially announced a series of personnel changes, with appointments effective April 1, 2022. Fernando Fernandez, currently executive vice president of Latin America, has been appointed president of beauty and wellness which includes some business such as hair care, skincare, VMS (vitamins, minerals and supplements) and premium beauty. Fabian Garcia, currently president of North America, was named president of Personal Care, with responsibility for the skin cleansing, deodorant and oral care businesses. Sunny Jain, formerly President of Beauty and Personal Care, has decided to leave Unilever and set up an investment fund in the area of technology megatrends. Peter ter Kulve will continue as President, Home Care, with responsibility for the Fabric Care, Home & Hygiene and Water & Air businesses. Unilever's proposed new organizational model will result in a reduction of approximately 15% in senior management positions and 5% in junior management positions, equivalent to approximately 1,500 positions globally. In addition, Unilever does not expect factory teams to be impacted by these changes. It is worth noting that Unilever had recently prepared to acquire GlaxoSmithKline's consumer healthcare business offering $68.371 billion in cash and stock. The company was looking for a "strong strategic fit". However, the deal has not yet progressed. Unilever CEO Alan Jope said other acquisitions could still be improved in the next step. Jope himself said in early January that GSK's consumer business was not the only acquisition target. He also said that Unilever’s goal is to make acquisitions in the consumer health sector and divest underperforming businesses.

BTN is expected net profit attributable to shareholders of the listed company to be $130 million to $141 million, an increase of 50.87% to 63.75% over the same period of the previous year. On January 26, BTN released its earnings forecast, which is expected net profit attributable to shareholders of the listed company to be $130 million to $141 million, an increase of 50.87% to 63.75% over the same period of the previous year. Its net profit attributable to shareholders of the listed company after deduction of non-recurring gains and losses is $121 million to $132 million, an increase of 50.20% to 63.85% over the same period of the previous year. BTN said in its preview that the company's performance is expected to increase over the previous year mainly due to the company's products and brand awareness during the reporting period to further enhance the market development, sales scale and sales revenue to achieve faster growth. In addition, BTN expects non-recurring gains and losses of approximately $7,092,000 to $8,668,000 mainly due to investment income obtained from cash management of idle funds and government grants received by the company. BTN is a company focused on providing gentle and professional functional skin care products with brands such as Winona and Winona Baby. Its core brand Winona took 6th place in beauty brand turnover during the Tmall Double 11(Chinese Shopping Carnival) (November 1-11, 2021). Datastory shows that Winona's official flagship store made over $252 million in sales during the Double 11(Chinese Shopping Carnival). The top three products produced by its company ranked as Winona Anti-Sensitive Moisturizing Tolerance-Extreme Cream/Winona Soothing Repairing Freeze-Dried Mask/Winona Sunblock Milk.

In 2021, Johnson & Johnson's total sales will be $93.8 billion, an increase of 13.6% year-over-year. Of this total, Johnson & Johnson Consumer Health sales were $14.635 billion, an increase of 4.1% year-over-year. On the evening of January 25, Johnson & Johnson announced its financial results for the fourth quarter of 2021 and full year 2021. The data showed that under GAAP guidelines, Johnson & Johnson's total sales for 2021 were $93.8 billion, up 13.6% year-over-year. Its net income reached $20.878 billion, up 41.9% year-over-year. In the fourth quarter of 2021, under GAAP guidelines, Johnson & Johnson sales achieved $24.8 billion, up 10.4 percent from the same period last year, which was less than market expectations. Its net earnings was $4.736 billion, up 172.5 percent year on year. By region, Johnson & Johnson's fourth quarter sales in the U.S. region reached $ 12.163 billion, up 3% year on year. International sales reached $12.641 billion, up 18.5%. U.S. sales’ full-year 2021 achieved $ 47.156 billion, up 9.3% year on year. International sales achieved $46.619 billion, up 18.2% year on year. In the perspective of business, Johnson & Johnson sales of consumer health business in fourth quarter reached $3.657 billion, up 1.1% year on year. Pharmaceutical business sales reached $14.288 billion, up 16.5% year on year. Medical device business sales reached $6.859 billion, up 4.1% year on year. 2021 full-year Johnson & Johnson consumer health sales achieved $14.635 billion, up 4.1% year on year. Pharmaceutical business sales reached $52.08 billion, up 14.3% year on year. Medical device business sales achieved $27.06 billion, up 17.9% year on year. In addition, Johnson & Johnson Consumer Health reported a 3.8% increase in global adjusted operating sales, driven by over-the-counter (OTC) products and Neutrogena and AVEENO products in skin health and beauty products. This was primarily due to market recovery following the outbreak, with growth partially offset by external supply constraints that primarily impacted skin health, beauty.

Fujian Green Pine Co. Ltd. disclosed an announcement that the company expects a maximum pre-loss of $146 million in 2021, which will also be the first annual loss since the shares were listed. The loss of cosmetics business is the main reason for the loss of Fujian Green Pine Co. Ltd. performance. On the evening of January 25, Fujian Green Pine Co. Ltd. disclosed an announcement that the company expects a maximum pre-loss of $146 million in 2021, which will also be the first annual loss since the shares were listed. From the disclosed data, the revenue and net profit attributable to Fujian Green Pine Co. Ltd. in 2021 double decline. According to the data, Fujian Green Pine Co. Ltd. are expected to achieve revenue of $570 million to $601 million in 2021, down 6.85% to 1.68% year-on-year corresponding to a loss of attributable net profit of about $130 million to $146 million, down 277.95% to 299.65% year-on-year, turning from profit to loss. During the reporting period, Fujian Green Pine Co. Ltd. expects to report a net profit loss after deductions of $130 million to $146 million, down 281.74% to 303.8% year-on-year. It is understood that Fujian Green Pine Co. Ltd. was listed on October 26, 2010. After the listing, Fujian Green Pine Shares were mainly engaged in the business of product development, production and sales in the turpentine deep processing industry for a long time. After completion of the acquisition of 90% shares of NBC in April 2019, Fujian Green Pine Co. Ltd. added the business of design, development and manufacturing of cosmetics such as facial masks, skincare products and wet wipes to its business segment. So far, the main business of Fujian Green Pine Co. Ltd. revolves around the above two segments. The loss of the cosmetics business is the main reason for the loss of Fujian Green Pine Co. Ltd.'s performance. Affected by fluctuations in commodity prices and tight upstream supply chains, the prices of major raw materials for cosmetics have been on a continuous upward trend resulting in higher production costs for the cosmetics business during the reporting period and putting greater pressure on product gross margins. As a result of the aforementioned factors, NBC, a wholly-owned subsidiary of the Fujian Green Pine Co. Ltd., is expected to achieve operating revenues of $380 million to $411 million during the reporting period, a year-on-year decrease. Its net operating profit (excluding the provision for impairment of long-term assets) is expected to be -$553.7 million to $0.0 million, a significant year-on-year decrease. NBC is a professional cosmetic ODM manufacturer integrating R&D, design and manufacturing, mainly engaged in mask, skin care products and wet wipes business. It has over 50,000 square meters of GMP-standard plants and a professional R&D team of over 200 people, with a daily production capacity of over 6.5 million facial masks, 1.28 million skincare bottles and 40 million wet wipes. In 2020, more than half of Fujian Green Pine Co. Ltd. profit will be contributed by NBS. The data show that NBS will achieve operating revenue of about $423 million in 2020, an operating profit of $52,753,500, a gross profit margin of 22.36%, and a net profit of $45,756,500 attributable to the owner's equity of NBC, including net profit of $43,688,000 included in the scope of the listed company's consolidated statement.

The actress' new brand offers home products created with a skincare approach. Courteney Cox wants to beautify your home with her new brand. The actress, best known for her role as Monica Geller in the hit sitcom “Friends,”is making her first entrepreneurial venture with the debut of her home brand, Homecourt, which launches on Wednesday. The brand takes a beauty approach to products that traditionally fall under the home category — like dish soap and surface sprays — made with skin care ingredients and fine fragrances, as well as other beauty-specific products, like hand lotion. Cox had initially planned to create a candle line, but saw a white space in the home care category. Homecourt is launching initially with three products: hand wash, dish soap and surface cleaner. A hand lotion will debut next month and a candle and room deodorant will launch in March. The products’ formulation process focused heavily on creating four niche scents developed by perfumers at Givaudan and Robertet to give the products a fine fragrance quality. The scents are “Steeped Rose,” “Neroli Leaf,” “Cipres Mint” and “Cece,” which is Cox’s signature scent. Cox’s scent is blended with notes of Guatemalan cardamom, dried mate absolute leaves, Sri Lankan cinnamon, Indonesian patchouli oil and other ingredients. Homecourt is also committed to creating clean products that are sustainably sourced and packaged. While the brand is launching direct-to-consumer through its Homecourt.com website, Homecourt meets the Clean at Sephora guidelines. The products’ packaging is also all made from 100 percent post-consumer recycling materials and many of the ingredients are sustainably sourced. The products range in price from $20 to $50.

A news showed that Xiao Hong Shu has made organizational restructuring and the original community department and e-commerce department will be merged into a new community department. It is expected to obtain more traffic and method of commercialization of monetization to expand the profit model on the basic. Recently, there is news that Xiao Hong Shu has made organizational restructuring and the original community department and e-commerce department will be merged into a new community department. Xiao Hong Shu stated that the community vision of Xiao Hong Shu is to become a multi-lifestyle gathering place for more users and trading is an important part of community life. The transaction mind of users should be cultivated in the community and the transaction ecology of merchants should be grown in the community. The merger of the community and e-commerce business is a natural iteration of the organization in the process of achieving a common vision. That may mean that Xiao Hong Shu's e-commerce business will be re-planned and strengthen the community to e-commerce link to increase the integration of e-commerce and community business. It is expected to obtain more traffic and a method of commercialization of monetization to expand the profit model on the basic. From the organizational structure of Xiao Hong Shu, Xiaohongshu merged the "three-party e-commerce" business in the independent e-commerce department into the community brand (commercialization) system in February 2019 and self-owned e-commerce still exists as an independent business. Public reports show that Xiao Hong Shu's two-year e-commerce GMV targets for 2018 and 2019 have not met the expectations of insiders. The revenue share of the advertising business of Xiao Hong Shu in 2020 is about 80% achieving triple growth while e-commerce only accounts for about 20% of the total revenue. In addition, it can also be seen that Xiao Hong Shu tends to bind the community and e-commerce in some community projects. In 2021 November, Xiao Hong Shu held the first online pop art toy exhibition and launched more than 270 art toys to begin e-commerce in the community. In November last year, Xiao Hong Shu completed a new round of funding of $500 million valued at more than $20 billion after the investment. Xiao Hong Shu needs a diverse monetization model to sustain growth. This is the main reason for the merger of e-commerce and community businesses. Xiao Hong Shu is a lifestyle platform for young people, where users can record their lives and share their lifestyles through short videos and graphics and form interactions based on their interests. As of October 2019, the number of monthly active users of Xiao Hong Shu has exceeded 100 million, of which 70% of users were born after 1990.

The company bet on celebrity collaborations with Doja Cat and Iggy Azalea to propel sales. BH Cosmetics has filed for bankruptcy. It has recently launched makeup lines collaborated with Doja Cat and Iggy Azalea. The cosmetics brand filed for Chapter 11 bankruptcy protection in Wilmington, Del., on Jan. 14, with plans to sell its intellectual property for $4.3 million. BH sold its products online, as well as through Ulta Beauty and other retailers. BH said in court papers that it hired Hilco Streambank and has signed a purchase agreement with RBI Acquisition Holdings LLC as the stalking-horse bidder for the assets. A pre-petition sale attempt, where the company hired a banker to sell itself starting in September, did not work out, the company wrote in court papers. “The debtors’ declining revenues are insufficient to support continued operations,” BH wrote in court documents. BH is majority owned by MidOcean Partners, which initially invested in 2018. At that time, BH had between $50 million and $60 million in net sales, and was very profitable. But in court papers, BH said it faced “increased competition” in the beauty category, and that attempts to maintain market share eroded profitability. “The debtors have also struggled to obtain profitability after pursuing an ultimately unsuccessful launch of various product lines,” BH’s chief restructuring officer, Spencer Ware from Riveron Management, wrote in a declaration. In 2019, the company brought in a new management team that suggested using 2020 as a transition year. But the COVID-19 pandemic had major consequences for BH, which sells eye shadow palettes and makeup brushes, and sales dropped from $55.8 million in 2019 to $33.6 million in 2020. BH delayed the launch of a planned skincare line, called Itsa, in order to focus on celebrity collaborations with Doja Cat and Iggy Azalea, the company said in court papers. But the launch of those lines “fell below expectations,” Ware said in court papers, and BH hired Riveron as a turnaround adviser. BH owes $9.6 million on a term loan, and $13.9 million on a revolving loan, the company said in court papers. The company also has large creditors based in China, including Dongguan Fay Cosmetic Brushes Co., Beauty Beyond Industry Ltd. and Shenzhen Colorl Cosmetic Products Co., which are each owed more than $1 million.

In 2021, special stores of 37 cosmetic leading brands such as LA MER, HR, CPB and others ranked top in sales in Intime Department Store in China. Among them, Dior, Armani, Decorte and other brands are the first time to win the first place in Intime Department Store. On January 21, Intime Department Store released the list of the first store in China. The data shows that special stores of 37 cosmetic leading brands such as LA MER, HR, CPB and others ranked top in sales in Intime Department Store in China. Among them, brands such as Dior, Armani and Decorte are the first time to take the first place in Intime Department Store. Compared with last year, the number of the first store in China has increased by 20% in 2021 and the store coverage become wider. For those well-known brands, offline stores are a powerful channel for brand concepts to be presented in full. The cascading effect and brand loyalty created by users at offline stores areon much higher than other platforms. Taking Chinese high-end cosmetics brand MGP as an example, Intime Department Store invites Mao Geping to hold more than two large-scale roadshows in the mall every year, which turns the mall into a showground where Mao Geping's products, makeup and aesthetics are presented. Today, MGP, which opened its store in 2005, has been the "first store in China" in Intime Department Store for four consecutive years. Its repurchase rate in its special stores achieved more than 50%. MGP sales have increased by 40% compared to last year in 2021. The offline mall's unique service capabilities have also become a major reason for high-end cosmetic brands to focus their operations in Intime. Since 2020, Intime Department Store has attracted brands such as Chanel, Dior and Estee Lauder to open nearly 70 beauty workshops in Intime Department Store one after another. As Ma Xiaoyu, Vice President and General Manager of L'Oreal China's Premium Cosmetics Division, said, the base of high-end beauty brands is always offline. Intime Department Store is an Internet department store based on cloud architecture. It ranked at the forefront of China's department store retail industry. Through the pandemic in 2020, Intime Department Store achieved counter-trend growth with 13 brands ranking first in the world in terms of sales performance. For example, Intime Department Store's Wulin store's LA MER special store grew 200% on Intime Department Store's new retail platform "Miao Street". 4,600 new online users joined in, which was hailed as the "No. 1 counter in the world".

L'Oréal has signed a partnership with Verily, a precision health company, to push the boundaries of skin health.Their collaboration should involve two programs, including a longitudinal study. The companies'exclusive collaboration in beauty is expected to involve two programs created to better understand and characterize the mechanisms of skin and hair aging. Learnings from that are, in turn, to inform L’Oréal’s precision beauty tech strategy and product development. “There are some avenues in beauty that require unique partnerships for us to have more and more knowledge to be able to get to the next product and service that might come,” explained Guive Balooch, global vice president of L’Oréal technology incubator. Verily, an Alphabet company that aims to improve health at the confluence of health care, data science and technology-building integrated solutions, is best in class in precision medicine, according to the executive. Verily declined to disclose the terms of the deal, but described it as a "strategic research collaboration that has been ongoing for many years." “One of those real challenges that we have today is in skin care,” continued Balooch.“What's really inspiring us for the future is precision medicine. In the medical field, in the health field, there will be a moment very soon — in the next three to five years, maybe even sooner — where we will be having a lot of precise prescriptions for our health that are based on our data, on who we are, on how we react to different medications and things like that,” he said. “What will happen is that we will need some understanding of the biology of skin, of how we can have the right link between biomarkers and what’s underneath the skin to help us give to people more precise routines and programs for their skincare and also to adapt it over time.” The L'Oréal's partnership with Verily is also to build a platform for dermatologists and patients that allows dermatologists to obtain data from people in between medical visits to empower doctors with information that can then help them give more precise recommendations over time. It is, in other words, a tele-diagnostic platform. The platform would be data-driven through algorithms co-created with the teams at L'Oréal and ModiFace, the group's provider of augmented reality and artificial intelligence technology, alongside Verily's research-and-development team. The platform will be co-created also with the 200,000 dermatologists linked to L'Oréal's Active Cosmetics division. “The ultimate goal is to build an entire skin-aging platform,” said Balooch, of the ecosystem for skin management that he explained should be seamless. It could include sensors or people taking photos of their skin, faces and products, for instance. The platform, through which L'Oréal and Verily can bring services through dermatologists to consumers, should be available in the next two years.

Maybelline New York introduces its sustainability program which aims to create a more responsible business model for the brand by transforming its processes, innovations, and mindset to reduce its impact on the planet. Maybelline New York, the world's leading cosmetics brand, introduces its sustainability program, Conscious Together, which aims to create a more responsible business model for the brand by transforming its processes, innovations, and mindset to reduce its impact on the planet. The Conscious Together program consists of an ambitious set of goals that Maybelline aims to achieve by 2030. Conscious Packaging: All Maybelline plastic packaging will be made from 100% recycled plastic. Conscious Disposal: Maybelline will invest to help develop makeup recycling technologies, in partnership with global sustainability consultancy the South Pole. Conscious Production: By 2025, we will achieve carbon neutrality in all our sites by improving energy efficiency and using 100% renewable energy. By 2030, we will reduce carbon emissions from our full product lifecycle by 50%* Conscious Formula: 95% of ingredients will be bio-based, derived from abundant minerals or circular processes. "All of us at Maybelline want to make progress and inspire the industry to make progress," said Trisha Ayyagari, Global Brand President, Maybelline New York. "We looked at the key areas where Maybelline could make a positive environmental impact and set ambitious goals that will guide our actions until 2030. We recognize that there is still so much to do, and we are committed to concrete actions that will help us accelerate our sustainable transformation."

HARMAY, a Chinese beauty new retail brand, recently announced the completion of nearly 1.2 billion yuan (approximately $189 million) funding. HARMAY, a Chinese beauty new retail brand, recently announced the completion of nearly 1.2 billion yuan (approximately $189 million) in Series C and Series D funding, with Series D led by QY Capital and followed by General Atlantic, Eastern Bell Capital, N5 Capital and Ocean Link Investment. Its Series C was led by General Atlantic and followed by Hillhouse Capital, Ocean Link Investment, N5 Capital and Eastern Bell Capital, BA Capital. Founded in 2008, HARMAY is a global leading beauty collection store in China, a new retail brand of warehouse-based aesthetics with a strong Gen Z customer base. HARMAY has completed four rounds of funding since the completion of Series A funding led by N5 Capital and Hillhouse Capital in December 2019 and has attracted a number of first-tier institutions. It is reported that the current products from well-known brands as well as niche brands from overseas that HARMAY sold amount to more than 400 and its SKUs achieve more than 9,000. In 2021, brands that made new cooperation were more than a hundred, which is the main difference advantage of HARMAY compared to other channels of the same industry. In addition to representing and collaborating with major international brands and a large number of overseas niche brands, HARMAY has also been investing in niche cosmetic brands since the early days such as acquiring Kevyn Aucoin Beauty, a brand created by American makeup master Kevyn Aucoin, and investing in Chinese skincare brand PMPM. Recently, HARMAY has also established a new partnership with Swiss perfume and fragrance supplier Firmenich. Under this agreement, HARMAY and Firmenich will join forces to support the development of new fragrance brands, concepts, experiences and business models by leveraging their respective excellence to help grow the premium fragrance category in China. Jason Ju, co-founder of HARMAY, said that China is expected to become the new frontier of the global boutique fragrance market. As many homegrown brands are emerging, a significant increase in consumer usage especially among Generation Z. Ju said that the partnership with Firmenich hopes to inspire greater innovation and creativity in the industry.

Thom Walker succeeds Nicolas Degennes, who spearheaded the brand's makeup and colors for more than 20 years. Thom Walker has been named creative director of Givenchy makeup. In his new position, he will oversee the development of the LVMH Moet Hennessy Louis Vuitton-owned luxury brand's new makeup lines and the creative direction of their communication campaigns. Walker is to serve as Givenchy's makeup spokesperson, as well. He succeeds Nicolas Degennes, who created Givenchy's makeup and colors for more than two decades and left the house in June 2021. "It's a new journey for the brand," said Romain Spitzer, chief executive officer of Givenchy Parfums, who reiterated his thanks for Degenne's "great work." The executive added Walker's appointment comes at a pivotal time for Givenchy, due to a confluence of factors, such as the arrival of American designer Matthew Williams in June 2020 as Givenchy's seventh couturier. There was also the "coupe de foudre" (or "love at first sight") for Walker, thanks to "his talents, creativity and unique approach to makeup," Spitzer said. The Englishman, who first trained in makeup artistry in Paris, is known for playing with contrasts, lighting effects and bold colors, and has a strong, longstanding passion for the product. "My earliest memory of Givenchy beauty is the Phenomen-eyes mascara," Walker said. "It was this product I'd never seen before," referring to its round brush. "So I was instantly drawn to it, and still use it today. It's such an amazing product," he added. Spitzer considers Walker a perfect match for Givenchy makeup, as his creations span both natural and sophisticated looks, for example. "He described his signature look as simple, but always with an element of surprise," Spitzer said. "It's not about provocation or exaggeration. It's bold simplicity. "We were very attracted by his natural affinity with the brand," summed up the executive, who explained Walker also ticked the boxes of loving product, loving to apply the product and having extensive makeup experience. "He's the perfect match for us in a moment where we wanted to give a new direction, especially for the younger generation that's very digital" and community-minded. "We really want to have makeup for the new cool kids of today and of tomorrow," said Spitzer, calling such color cosmetics "innovative products in beautiful objects. This is very important."