Divya cosmo

30/10/2022

THE WHAT? Nykaa parent company FSN E-Commerce Ventures has fallen below its initial public offering issue price of 1,125 rupees, according to a report by Reuters.

THE DETAILS Shares of the Indian company fell as much of 2 percent this week.

On November 10, 2021, the beauty giant made a debut on the domestic bourses with a 79 per cent premium over its IPO price of Rs 1,125 and in the days to follow, the stock touched a 52-week high of 2,574 on the NSE, according to New Indian Express.

THE WHY? Nykaa’s fall is said to be in line with the drop of competitors, such as loss-making digital firms like Paytm, Zomato and Policybazaar. According to the New Indian Express, investors believe it will take years for these firms to break even and report a profit.
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30/10/2022

30/10/2022

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29/10/2022

THE WHAT? Unilever U.S. has recalled dry shampoo products in the U.S. and Canada from brands such as Dove and Suave that may have elevated levels of the carcinogen benzene, according to the company.

THE DETAILS According to the voluntary safety recall, “Unilever United States today issued a voluntary product recall to the consumer level of select lot codes of dry shampoo aerosol products produced prior to October 2021 from Dove, Nexxus, Suave, TIGI (Rockaholic and Bed Head), and TRESemmé due to potentially elevated levels of benzene.”

The recalled products were distributed nationwide in the United States. Retailers have been notified to remove recalled products from shelves.
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27/10/2022

The beauty industry is undergoing a change, evolving to become more realistic, organic, and creative. This year, there have been many trends in India’s skincare, cosmetics, and personal care industries, including skinimalism, vegetarianism, blue light blocking, and now anti-inflammatory. Because of the focus on natural skin and the simplification of skincare routines, an increasing number of customers are leaning towards a minimalistic approach. Additionally, due of the pandemic and the significant rise in our exposure to HEV light from being indoors, new age customers are more conscious of blue light protection as a trend.

26/10/2022

26/10/2022

Founded in 2014 by the late visionary, Shashi Batra and beauty industry veteran, Annie Jackson, Credo set out on the mission to create a cleaner, more sustainable, more ethical beauty industry. Today, The Credo Clean Standard, the strongest standard in beauty, has defined clean as the nexus of safety, sourcing, sustainability, and ethics, with a throughline of transparency. The move to acquire Follain supports Credo's goal to create a single standard, a roadmap for brands and consumers alike.