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☆ TikTok Tells Advertisers: ‘We Are Not Backing Down’
▼ + stars: | 2024-05-03 | by ( Sapna Maheshwari | ) www.nytimes.com time to read: +1 min

Hundreds of advertisers, including major brands like L’Oreal and Victoria’s Secret, flocked to the Lower East Side on Thursday night for TikTok’s annual spring pitch to marketers. It had been about a week since President Biden signed a law that says TikTok must be sold from its Chinese parent company or face a potential ban, and marketers were champing at the bit to hear TikTok’s thoughts. Blake Chandlee, TikTok’s president of global business solutions, kicked off the evening by thanking advertisers for their “tremendous support and trust” and said that the company considered the law unconstitutional and would challenge it in court. “We believe the facts and the law are clearly on our side and that we will ultimately prevail,” Mr. Chandlee told more than 300 attendees, some of whom couldn’t find chairs in the crowd. “I want you to know we are not backing down.”But for the rest of the roughly 45-minute presentation, which took place in a large gallery with the fuchsia and light blue lights of TikTok’s logo, it was business as usual.

Persons: Biden, Blake Chandlee, ”, “, Mr, Chandlee, couldn’t, Madison Locations: Washington

☆ A Breakthrough in Plastic Recycling Is Coming Up Short
▼ + stars: | 2024-04-05 | by ( Hiroko Tabuchi | ) www.nytimes.com time to read: 1 min

By 2025, Nestle promises not to use any plastic in its products that isn’t recyclable. By that same year, L’Oreal says all of its packaging will be “refillable, reusable, recyclable or compostable.”And by 2030, Procter & Gamble pledges that it will halve its use of virgin plastic resin made from petroleum. To get there, these companies and others are promoting a new generation of recycling plants, called “advanced” or “chemical” recycling, that promise to recycle many more products than can be recycled today. So far, advanced recycling is struggling to deliver on its promise. Nevertheless, the new technology is being hailed by the plastics industry as a solution to an exploding global waste problem.

Persons: Nestle, L’Oreal Organizations: Procter, Gamble

☆ The Body Shop shuts down all US operations, closes dozens of stores in Canada
▼ + stars: | 2024-03-10 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +2 min

New York CNN —The Body Shop has shut down all of its US-based operations and will be closing dozens of Canadian store locations as it files for bankruptcy. The Body Shop, known for products it markets as natural, sustainable, ethical and cruelty-free, was founded in 1976 in the UK by human rights activist and environmental campaigner Anita Roddick. Since its inception, The Body Shop has changed hands several times. Late last year, The Body Shop was sold to asset management group Aurelius for about $266 million. CNN has reached out to The Body Shop and Aurelius for comment.

Persons: Anita Roddick, “, ”, Aurelius Organizations: New, New York CNN, Natura, CNN Locations: New York, Canada

☆ Meet the ‘Granolas,’ Europe’s answer to the Magnificent 7 stocks
▼ + stars: | 2024-02-27 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

London CNN —The Magnificent 7 tech stocks have been a big part of the extraordinary US market rally. But there’s a rival group of companies powering European stocks to new heights with even better returns, by some measures. Dubbed the “Granolas,” those 11 companies accounted for 60% of the gains on Europe’s benchmark stock index over the past 12 months. They have even slightly outperformed the Magnificent 7 over a longer period, according to Goldman Sachs. Their standout performance has “raised the issue of concentration effects” in the region’s stock market, says Philip Lawlor, managing director of markets research at Wilshire Indexes.

Persons: London CNN —, Goldman Sachs, ASML, ” Goldman Sachs, Goldman Sachs, Guillaume Jaisson, Ozempic, ‘, Philip Lawlor, ” Lawlor Organizations: London CNN, GSK, Roche, Novartis, Novo Nordisk, L’Oréal, AstraZeneca, SAP, Sanofi, “, CNN, Danish, Wilshire Indexes, —, Deutsche Bank Locations: LVMH, Europe, France, Germany, Denmark, Switzerland, Netherlands, United Kingdom, United States

☆ Thanks to Taylor Swift, ads aimed at women are taking the Super Bowl by storm
▼ + stars: | 2024-02-06 | by ( Jordan Valinsky | Alexandra Peers | ) edition.cnn.com time to read: +3 min

New York CNN —Women watch the Super Bowl, too, right? In a bigger shift, several longtime Super Bowl advertisers, like M&M’S, have spots featuring women who, for a change, aren’t just sipping soda in tight pants. So Cardi B plugs Duck Plump lip gloss for L’Oreal NYX Professional Makeup, the first time the brand has advertised on the Super Bowl. cosmetics, also a first-time Super Bowl advertiser, reunites (some of) the cast of “Suits” in its spot as the lawyers haul various celebrities into court. As for at least one of the potential stars of the show, despite performing in Japan the previous day, Swift will likely attend the Super Bowl.

Persons: Taylor Swift, Travis Kelce, “ Taylor, Paul Hardart, New York University’s, “ Swift, Kelce, ”, it’s, Bud Light, Scarlett Johansson, Jennifer Aniston, David Schwimmer, Kate McKinnon, “, Jenna Ortega, Swift Organizations: New, New York CNN, Super Bowl, Kansas City, New York, New York University’s Stern School of Business, CNN, San Francisco 49ers, Kansas City Chiefs, Super, CBS, Anheuser, Budweiser, “ Mayo, Embassy of Locations: New York, Kansas, Las Vegas, Hellman's, Japan, Embassy, Embassy of Japan

☆ Super Bowl commercials 2024: Crypto and AI are out, insurance and mayo are in
▼ + stars: | 2024-02-02 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —For many, the Super Bowl is a three-hour showcase of ads with a football game shown occasionally during the breaks. that previously used the game to “either generate awareness or establish some form of legitimacy by having a Super Bowl ad,” Hardart said. Her star power makes the Super Bowl somehow an even bigger deal, particularly to some people who might not have cared to watch the game in the past. and L’Oreal’s NYX makeup buying ads for the first-time and Dove Body Wash returning to the Super Bowl after an absence of nearly 20 years. “The game between two well-known and well-liked teams, paired with the attendance of Swift could lead this to be the largest Super Bowl audience in years,” he predicts.

Persons: Paul Hardart, New York University’s, “, ” Hardart, it’s, Bud Light, Taylor Swift, She’s, Chiefs, Travis Kelce, Hardart, ” That’s, Swift, ” Organizations: New, New York CNN, San Francisco 49ers, Kansas City Chiefs, New York, New York University’s Stern School of Business, CNN, CBS, Farm, BMW, “, Super Locations: New York, Japan, Las Vegas

☆ Hair relaxer claims against L'Oreal, Revlon can proceed -U.S. judge
▼ + stars: | 2023-11-14 | by ( Diana Novak Jones | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +2 min

REUTERS/Lawrence Bryant/File Photo Acquire Licensing RightsNov 13 (Reuters) - A federal judge on Monday allowed the majority of claims to move forward in sprawling litigation that claims chemical hair relaxer products made by L'Oreal USA, Revlon and others cause cancer and other injuries. Illinois-based U.S. District Judge Mary Rowland denied most of the companies’ arguments in their motion to dismiss the complaint in the multidistrict litigation over the products. The products, which include chemicals to permanently straighten textured hair, are typically marketed to women of color. Representatives for L’Oreal (OREP.PA) and Revlon did not immediately respond to requests for comment. In a statement posted online after the first lawsuits were filed, L'Oreal said it was "confident in the safety of our products and believe the recent lawsuits filed against us have no legal merit."

Persons: Sheila Bush, Lawrence Bryant, Mary Rowland, Rowland, Jennifer Hoekstra, Diana Jones, Leigh Jones, Lincoln Organizations: REUTERS, L'Oreal USA, Revlon, District, National Institutes of Health, L’Oreal, L'Oreal, Reuters, Thomson Locations: St, Louis , Missouri, U.S, Illinois, India

☆ China pledges to expand market access at annual trade fair amid foreign criticism
▼ + stars: | 2023-11-05 | by ( Brenda Goh | ) www.reuters.com time to read: +3 min

SHANGHAI, China (Reuters) -China will further expand market access and increase imports, its premier told a trade fair in Shanghai on Sunday, amid criticism from European firms who said they wanted to see more tangible improvement in the country’s business environment. China will promote coordinated development of trade in goods and services, protect an international business environment, and relax market access including lifting restrictions on foreign investment in manufacturing, he said. The import expo was launched by President Xi Jinping in 2018 to promote China’s free trade credentials and counter criticism of its trade surplus with many countries. China’s imports have slumped this year amid a slowdown in the world’s second largest economy, although data released last month indicated that the downtrend could be starting to ease. China will “actively promote” its application to join the Comprehensive Progressive Trans-Pacific Partnership (CPTPP), Li also said in his speech on Sunday.

Persons: Li Qiang, Tingshu Wang, ” Li, Xi Jinping, Li, Anthony Albanese, “ Organizations: Hangzhou Olympic Sports Centre, China, European Chamber of Commerce, Micron Technology, Nestle, Burberry, Australian, Pacific Locations: SHANGHAI, China, Shanghai, Hangzhou, Afghan, Australia, United States, Taiwan, Ukraine, Costa Rica, Uruguay, Ecuador, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, Britain

☆ Thousands of Black women claim hair relaxers gave them cancer
▼ + stars: | 2023-11-04 | by ( Reuters Graphic | ) www.reuters.com time to read: +12 min

Some of the ads show Black women applying hair products before cutting to a summary of the NIH study’s findings. “We do not believe the science supports a link between chemical hair straighteners or relaxers and cancer,” Revlon said. Lead author White said in a statement in response to Reuters questions that there is currently no strong evidence linking family history of breast cancer to increased risk of uterine cancer. The sisters said they wanted their mother’s death last year following a battle with uterine cancer to mean something. Bush, the St. Louis cosmetologist, joined the litigation in August, she said, because of the possibility that hair relaxers cause cancer.

Persons: Sheila Bush, Bush, Revlon’s, ” Revlon, L’Oreal, ”, Ben Crump, George Floyd, Diandra, ” Debrosse Zimmerman, Jenny Mitchell, Crump, “ it’s, ” Crump, Louis, Jayne Conroy, don’t, Adam Zimmerman, Alexandra White, phthalates, White, Weiss, Porter Kaye Scholer, Jennifer Hoekstra, Zimmerman, “, X Ante, Quiana Hester, Ariana, Nakisha, Patrice Hester, Louis cosmetologist, Mike Spector, Richa Naidu, Kristina Cooke, Diana Novak Jones, Eve Watling, Lawrence Bryant, Alicia Powell, Angela Johnston, Lucy Ha, Vanessa O’Connell, Suzanne Goldenberg Organizations: L’Oreal, Revlon, U.S, National Institutes of Health, Reuters, NIH, Supreme, University of Southern California Gould School of Law, U.S . House, American Cancer Society, U.S . Food, Drug Administration, World Health Organization, Paul, Arnold, FDA, USC, Washington DC Locations: Louis, Olive, U.S, India, Minneapolis, Missouri, Chicago, United States, Rifkind, Baltimore, Houston, Washington, San Diego, Bush

☆ Posting About Israel and Palestine Is Not a Moral Obligation - The New York Times
▼ + stars: | 2023-10-17 | by ( Elizabeth Spiers | ) www.nytimes.com time to read: +3 min

Sitting with uncertainty is hard, especially when social media has primed us to expect perfect real-time information during traumatic events and to want instantaneous answers and resolution. Knee-jerk social media posts are not what bother me most, though. Instead, it’s the idea that not posting is wrong somehow — that everyone needs to speak, all the time. It implies it’s not OK to have any uncertainty about what’s going on or any kind of moral analysis that does not lend itself to presentation in a social media post. If the destruction of Gaza is not the goal, it is a very real possibility, and that should be equally unacceptable.

Persons: ”, LVMH Moët Hennessy Louis Vuitton Organizations: Hamas Locations: Israel, Manhattan, Gaza

☆ Uncover: The Kenya skincare brand targeting African skin
▼ + stars: | 2023-10-05 | by ( Nell Lewis | ) edition.cnn.com time to read: +5 min

Uncover – a startup founded by three women in Kenya in 2020 – wants this to change. It has developed a range of cosmetics that serve the needs of African women, says Sneha Mehta, the company’s CEO and co-founder. Jade Oyateru, the startup’s COO and co-founder, explains that while demand for sunscreen is growing among African women, they often complain that it leaves a ghostly white layer on their skin. The African identity carries through to the product’s ingredients, with each one containing a plant grown on the continent. Pan-African skincareUrbanization and a young population are some of main drivers behind the booming African beauty market, but there is still a big gap in knowledge, says Uncover’s Oyateru.

Persons: –, Sneha Mehta, Jade Oyateru, Mehta, Edwin Maina, Technavio, Rubab, Uncover’s Oyateru, ”, we’ve, “, it’s, hyperpigmentation – Organizations: CNN, Euromonitor Locations: Africa, Kenya, Nigeria, South Korea, South Africa, Ghana

☆ Companies turn to crisis PR firms when money, reputation is at risk
▼ + stars: | 2023-09-24 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +12 min

“A scandal breaking on a Tuesday is very different than one breaking on a Friday, because on Tuesday you’re going to have the rest of the week for stories to drop and snowball. You need to stick with the stance you’re taking, and it might mean you’re going to lose a subset of your audience. Dylan Mulvaney/InstagramThe most prominent case study experts pointed to was the Bud Light public relations fiasco in April, when America’s erstwhile No. “Oftentimes, now, the bigger risk is the social media spread.”“Prior to social media, people felt less empowered to share their opinions,” said Jennings. Often for crisis communication, you’re not trying to counter the reality, you’re trying to counter the perception.”However, as much as social media stokes the flames of PR crisis, the platforms can be effective mitigation tools.

Persons: “, ”, Ben Kaplan, ’ ”, Lauren Jennings, Alison Brod, Jennings, Rather, Evan Nierman, Deborah Hileman, Kaplan, we’re, We’re, Nierman, Dylan Mulvaney, Bud Light, Bud, influencer Dylan Mulvaney, Mulvaney, Bud Light’s, Brendan Whitworth, ” …, you’re, Johnson, ” “, stokes, that’s Organizations: CNN, Top Agency, Alison Brod Marketing, Communications, Institute for Crisis Management, InBev, Anheuser, Busch, Facebook, YouTube Locations: “

☆ Shelved L’Occitane buyout is no win for Hong Kong
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +2 min

A woman walks past a L'Occitane advertisement in Hong Kong April 19, 2010. Cosmetics retailer L'Occitane International S.A. plans to raise up to $708 million in a Hong Kong initial public offering, a source close to the deal said on Sunday night. Reinold Geiger has given up on his tentative plan to buy out the minority of shares he doesn’t already own of L’Occitane (0973.HK), a move that would have delisted the European skincare group from Hong Kong in the Asian hub’s largest take-private. The Austrian billionaire didn’t explain why he shelved the idea, which was probably a prelude to a relisting in Europe – mostly likely France. The appeal of such a move is unlikely to have diminished as global investors turn cold on both Hong Kong and China stocks, possibly for the long term.

Persons: Reinold Geiger, doesn’t, didn’t, Geiger, Una Galani, Thomas Shum Organizations: L'Occitane International S.A, Reuters, HK, Prada, Bloomberg, X, Thomson Locations: Hong Kong, MUMBAI, Austrian, Europe, France, China, Una

☆ The Best Deals From Ulta’s 21 Days of Beauty Sale
▼ + stars: | 2023-09-01 | by ( Madeline Diamond | ) www.wsj.com time to read: +2 min

If so, you’ll probably want to take a look at Ulta’s 21 Days of Beauty sale. The event, which runs from Aug. 27 to Sept. 16, includes new discounts on makeup, skincare, fragrance and bath products each day. Body butterOsea is known for its luxe skincare and body products, including this rich body butter. Buy Side favoritesWhile you’re shopping Ulta’s sale items, consider stocking up on these vetted favorites. Mineral sunscreenWe featured this lightweight sunscreen from First Aid Beauty in our roundup of the best mineral sunscreens.

Persons: Madeline Diamond, you’ll, Ulta, Monsieur Big, It’s, shea, it’s, there’s Locations: L’Oréal

☆ TikTok trendsetter e.l.f. models beauty's new look
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +2 min

cosmetic products are seen for sale in a store in Manhattan, New York City, U.S., June 29, 2022. REUTERS/Andrew KellyNEW YORK, Aug 2 (Reuters Breakingviews) - Social-media savvy makeup brand e.l.f. Boss Tarang Amin has chased this growth through heavy online advertising, including collaborations with TikTok influencers. While not necessarily cheaper than the old guard’s approach - sales, general and administrative spend is a similar share of revenue at both e.l.f. With Amin promising to ramp up marketing spending even further, the pressure for older peers to touch up their look grows.

Persons: Andrew Kelly NEW, Boss Tarang Amin, TikTok, Nielsen, Estee Lauder, Amin, Anita Ramaswamy, Aston Martin, Jonathan Guilford, Sharon Lam Organizations: REUTERS, Andrew Kelly NEW YORK, Reuters, Jefferies, Twitter, Thomson Locations: Manhattan , New York City, U.S, e.l.f

☆ Morning Bid: Soft landing swings into view
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +2 min

After Wednesday's 25 basis point hike, markets seem to think so. Traders in Asia cheered a glimpse of the fabled soft landing with Jerome Powell saying the Fed no longer expects a U.S. recession. Stocks rose and the dollar fell across the board. The Bank of Japan is then up on Friday, with perhaps the most unpredictable central bank decision of the week. European futures rose 0.3% and U.S. futures also added 0.3%.

Persons: Brigid Riley, Jerome Powell, Christine Lagarde, Klass, HSI, Muralikumar Organizations: Traders, European Central Bank, Bank of Japan, Renault, Intel, Ford, MasterCard, Reuters Graphics Reuters, Thomson Locations: Asia, U.S, France, United States

☆ Ahead of World Refugee Day, dozens of multinationals pledge to hire and train 250,000 refugees in Europe
▼ + stars: | 2023-06-19 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +4 min

New York CNN —Just ahead of World Refugee Day, 41 multinational companies on Monday publicly pledged to provide jobs, training and connections to work opportunities for more than 250,000 refugees in Europe. What different companies are doingAmong the companies that are making new pledges this week, many have already been hiring or training refugees in Europe over the past year. ISS, for instance, has already hired 500 refugees in Europe — a majority of them Ukrainian women — since March of last year. Others making hiring commitments include Adidas, Blackstone, BP, Hyatt, Ipsos, L’Oréal Group, Novartis, PepsiCo, Pfizer and The Kraft Heinz Company. The United Nations High Commissioner for Refugees estimates the number of refugees worldwide is now approaching 35 million people, with more than 12 million of them in Europe.

Persons: ”, Margot Slattery, Slattery, Margaritis Schinas, —, Catherine Shoichet Organizations: New, New York CNN, Accenture, Adecco, Cisco, Generali, Marriott International, Microsoft, Starbucks, Tent Partnership, Refugees, ISS, Union, European Commission, Hilton, Marriott, Adidas, Blackstone, BP, Hyatt, L’Oréal, Novartis, PepsiCo, Pfizer, The Kraft Heinz Company, Cisco’s, Tent, United Nations Locations: New York, Europe, Amazon, Hilton, Paris, Ukraine, Ipsos

☆ How Major League Baseball Is Using Its Rules Changes to Win New Fans
▼ + stars: | 2023-06-10 | by ( Dan Weil | ) www.wsj.com time to read: 1 min

Journal Reports: LeadershipInstead of Advertising in Videogames, These Companies Asked: ‘Why Not Make Our Own?’By Sarah E. NeedlemanPepsiCo, L’Oréal and others are investing in game worlds in hopes of reaching an audience known for using ad blockers online and eschewing linear TV.

Persons: Sarah E, L’Oréal Organizations: PepsiCo

☆ Recycling and Regulation Are Hot Issues in Likely Update to U.S. Sustainable Marketing Guides
▼ + stars: | 2023-06-08 | by ( Dieter Holger | ) www.wsj.com time to read: +8 min

The FTC last updated its guides in 2012 after a review that it launched in late 2007. “For the average consumer, it’s impossible to verify these claims,” FTC Chair Lina Khan said in December when the review was launched. “It therefore is critical for the FTC’s framework on environmental claims to stay flexible and nimble,” Nestlé said in its public comment. Published comments from Procter & Gamble, L’Oréal and Unilever support keeping the current 60% threshold and say recyclable claims shouldn’t be based on how much of their products get recycled. Its CEO also said he hopes the Green Guides will be updated more regularly given the rapidly changing landscape of environmental marketing.

Persons: “, Lina Khan, Nestlé, PIERRE ALBOUY, REUTERS Nestlé, Perrier, Johnson, Fisk Johnson, ” Johnson, ”, Sarah Dearman, Ting Shen, L’Oréal, Unilever didn’t, Keith Srakocic, S.C, Dieter Holger Organizations: U.S . Federal Trade, FTC, Green Guides, Justice Department, REUTERS, ” SC Johnson, Sustainable Business, Green, Recycling, Bloomberg, The Recycling, U.S . Environmental Protection Agency, Greenpeace, Procter & Gamble, L’Oréal, Unilever, ” Unilever, Guides, dieter.holger Locations: North America, Virginia, U.S

☆ Replanting the Amazon could slow global warming. Here’s why it’s hard
▼ + stars: | 2023-06-03 | by ( ) www.reuters.com time to read: +24 min

Milton da Costa Junior nosed his pickup through a remote stretch of the western Brazilian Amazon to check on his babies. Local authorities said the September 2021 incident, which Da Costa outlined in a police report that was reviewed by Reuters, is being investigated. Out of dozens of reforestation initiatives in the country, Rioterra and The Black Jaguar Foundation, a Brazilian-European group, are among the largest. Illegal invaders destroy in hours what it takes Rioterra or Black Jaguar a year to plant. In all, Black Jaguar has signed contracts with 26 farms and planted 326 hectares (806 acres) to date.

Persons: Milton da Costa, Da Costa, Carlos Nobre, Alexis Bastos, Rioterra, ”, Nobre, “, Bastos, Jamari, Dejesus Aparecido Ramos, it’s, ” Bastos, Jair Bolsonaro, Germany –, Bolsonaro, Luiz Inácio Lula da Silva, Black, Ben Valks, Valks, Leandro Silveira, Silveira, São, ” Valks, aren’t, Cristina Banks, Leite, Marcos Mariani, Araguaia, Mariani, Tânia Irres, ” Irres, Regina Molke, I’ll, Clovis, Black Jaguar, Aquaverde, Renato Franklin, “ Ben, ” Franklin, L’Oreal, da Costa, ” Da Costa, da, Spring, Clare Trainor, Catherine Tai, Lais Morais, Ilan Rubens, Lucy Ha, John Emerson, Marla Dickerson Organizations: Milton da Costa Junior, Toyota, Reuters, Black Jaguar Foundation, National Institute for Space Research, Rioterra, Cultural, Environmental Studies, Petrobras, “, Amazon Fund, Environment Ministry, United, United Arab Emirates, São Paulo, Global, Farmers, Brazil’s Central Bank, Brazil’s National Institute for Space Research, Imperial College London, Santana, Bolsonaro, United Nations, Space Agency, Copernicus, Sentinel Locations: Machadinho, Rondônia, Brazil, Germany, Brazilian, European, Manhattan, Lebanon, Nicaragua, Bastos, Porto Velho, droves, Rio, Black, Itapuã, Oeste, Norway, United Arab, Pará, Caixa, “, Costa, Syria, Paris, Santana, Araguaia’s, Clovis, Regina, United States, South, Geneva, Rio Preto, da Costa

☆ Nicolas Sarkozy: Former French president ordered to wear electronic tag after losing corruption appeal
▼ + stars: | 2023-05-17 | by ( Dalal Mawad | ) edition.cnn.com time to read: +2 min

CNN —Former French President Nicolas Sarkozy has lost his appeal against a 2021 conviction for corruption and influence-peddling at the Paris court of appeals. The court on Wednesday upheld his initial sentence of three years of prison, with Sarkozy being required to wear an electronic bracelet under house arrest for one year, and two years suspended. “Nicolas Sarkozy is innocent,” his lawyer Jacqueline Laffont ttold CNN affiliate BFMTV on her way out of court. Sarkozy, who served as president between 2012 and 2017, has been convicted twice in separate cases since leaving office, both of which he has appealed. He also faces a number of other investigations including one into allegations of illegal campaign funding from Libya.

☆ From diversity to accessibility, can technology change the way we think about beauty for the better?
▼ + stars: | 2023-05-15 | by ( Flo Cornall | ) edition.cnn.com time to read: +7 min

CNN —When Bold Glamour launched on TikTok earlier this year, it started a storm on social media. Some on social media were impressed by the technology, but many expressed concern about the way filters can promote unrealistic beauty standards. While there is growing unease about the way technology is impacting our ideas of beauty, some believe it can also change our attitudes to beauty for the better. Social media and filtersDigital filters and augmented reality (AR) have become an intrinsic part of how people represent themselves online. “Thanks to social media we’ve been able to access a multi-diverse pool of representation of what beauty looks like,” she said.

☆ Estée Lauder, L’Oréal Look to Local Investments to Grow Business in China
▼ + stars: | 2023-05-10 | by ( Sabela Ojea | ) www.wsj.com time to read: 1 min

Estée Lauder is among the multinational beauty companies looking to invest in local brands in China. Photo: Budrul Chukrut/SOPA Images/ReutersSome of the beauty industry’s biggest players are finding a rocky road to winning shoppers in China. Their response: invest locally. Estée Lauder and L’Oréal for years have aimed to boost their business in one of the world’s largest consumer markets, where demand for beauty products is high.

☆ Forget the pension protests. France’s economy has momentum
▼ + stars: | 2023-04-30 | by ( Anna Cooban | ) edition.cnn.com time to read: +8 min

France’s economy grew 0.2% in the first quarter of this year, its national statistics agency said Friday, after stagnating in the previous quarter. Yet the long-running protests are unlikely to leave a lasting dent in France’s economy, according to Charlotte de Montpellier, a senior economist at Dutch bank ING. But its $2.8 trillion economy has held up comparatively well. Office buildings illuminated in the La Defense business district of Paris, France, on Monday, Feb. 6, 2023. ‘Momentum’ building for banksBritain’s exit from the European Union has also been a boon for France’s financial sector.

☆ Aesop deal spreads scent of stressed M&A
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: +2 min

TORONTO, April 4 (Reuters Breakingviews) - The scent of stress is wafting from the Brazilian backer of Aesop. Natura (NTCO3.SA)agreed to sell the luxury lotion maker to French cosmetics giant L’Oreal (OREP.PA) for about $2.5 billion. It offloaded the successful investment to shore up its balance sheet, an M&A motivation that probably will spread. With recessions being anticipated in a higher interest rate environment, more companies are bound to consider a similar calculus. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

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