Australian social enterprise Thank You has sent a partnership invitation to Unilever and Procter & Gamble in a bid to persuade them to make and distribute Thankyou’s products globally and will sit down with both in a week’s time to discuss a potential deal.
B Corp Natura &Co, meanwhile, has announced a follow-on offering of approximately R$6,207.2 million, based on a price of R$51.13 per share. The owner of The Body Shop, Aesop and Avon said that it intends to use the net proceeds of this offering to support investments aimed at accelerating growth over the next three years in a sustainable and inclusive fashion, including the integration and turnaround of Avon.
Staying with the Natura &Co group, The Body Shop Australia has unveiled a body care range based on ‘lumpy’ lemons and ‘wonky’ cucumbers. The collection comprises hand creams, shower gels, moisturisers and body scrubs all containing juice made from fruits rejected by supermarkets
There was newness galore over at Victoria Beckham too. The designer has launched a range of lipsticks named for her Spice Girl moniker, Posh. Described as ‘a new level of luxury for lips’, the nine shade-strong collection is vegan, clean, moisture rich and promises to impart a ‘buttery shine’.
Last, South African chemicals firm Sasol has formed a 50/50 joint venture with LyondellBasell through which LyondellBasell will acquire 50 percent of Sasol’s US Base Chemicals Business for US$2 billion.
Thankyou’s goal is as bold as its campaign – will Procter & Gamble and/or Unilever want in? Watch this space.
Georgina Caldwell
editor@globalcosmeticsnews.com