This article was originally published in The Rose Sheet
The Cruelty Free Cosmetics Resolution passes the California Assembly, aimed at driving congressional support for a federal ban on animal-tested cosmetics and cosmetic ingredients. In other news, Avon and Elizabeth Arden announce cost-cutting initiatives.
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CFSAN announces its new director, with Michael Landa stepping down in January 2015. Avon is taking a new approach to management in its largest market, Latin America.
Elizabeth Arden’s fourth-quarter and full-year sales nosedived 28% and 13.4%, respectively, with sales of Taylor Swift and Justin Bieber fragrances down. Separately, the firm announces that it has received a $50 million investment from private-equity firm Rhone Capital in exchange for 7.6% of its outstanding common stock.
A joint resolution approved by California’s State Senate calls for a federal ban on cosmetic animal testing; The Personal Care Products Council introduces a new tool companies can use to verify Good Manufacturing Compliance conformance. More news in brief.