Industry News Flash #12 - Personal Care - December 11, 2024

⚡️ Personal Care Industry News Flash 🗞️ 

Ingredient Launch:

OpenSee Phycoskin® by MC Actives is a high-efficacy active ingredient to enhance 360º eye contour beauty. This marine origin and natural active is produced with Phycosphere Biodynamic®, the first biotechnology that produces phytoplankton holobionts. Check it out on Covalo now!

Scientific Breakthrough:

LVMH Recherche, the R&D arm of LVMH Beauty, has announced a multi-year partnership with biotech company Integrated Biosciences to combat aging at the molecular level. Using Integrated Biosciences’ synthetic biology and AI platform, the collaboration will identify novel chemical compounds that target age-related biological processes.

“Our collaboration with Integrated Biosciences perfectly embodies our vision of pushing the boundaries of scientific discovery to drive innovation in beauty”, said Bruno Bavouzet, President of LVMH Recherche. Felix Wong, CEO of Integrated Biosciences, added, “[the] partnership represents a major step forward in our shared mission to tackle aging through cutting-edge science, redefining what’s possible in the beauty industry.”

By uniting deep tech and scientific expertise, this partnership is set to shape the future of anti-aging research and beauty innovation.

Regulations & Compliance:

The UK cosmetics trade association Cosmetic Toiletry and Perfumery Association (CTPA), has officially launched its new agenda for the next five years. On 3 December, the CTPA chair Thierry Cheval and director-general Dr Emma Meredith met with various politicians, announcing the CTPA’s Agenda for Government. This set of proposals from the cosmetics, personal care and beauty industry are created to help the industry grow sustainably over the next five years — and beyond. The agenda covers five pillars: Essentiality, Regulation, Science, Sustainability, and Business. 

Company Update:

On 3 December, Givaudan announced its creation of a new humanitarian fund providing financial support during major crises in areas where the company is present, with the first donation being sent to support response and recovery efforts in communities affected by the recent flooding in Valencia. The donation will be made to the Spanish Red Cross and consists of 100.000CHF.

Simon Halle-Smith, Head of Global Human Resources and EHS, commented, “We remain committed to supporting our communities across the globe and our new Givaudan Humanitarian Fund is an important way of continuing to act on this commitment.”

Sustainability Update:

Marks & Spencer has strengthened its dedication to sustainability by expanding its beauty packaging recycling program to more locations across the UK. Initially launched in 40 stores last year, the initiative now includes an additional 60 locations. To date, this recycling program has successfully recycled over 1.6 tonnes of beauty packaging. A standout feature of the scheme is the creation of a wide-toothed hair comb, crafted from at least 98% of the collected beauty packaging. This comb is available for purchase, representing a successful recycling effort while providing a practical use for the gathered materials.

The expansion of its beauty recycling initiative aligns with M&S’s larger “another life” program, which aims for net zero by 2040.

Events & Tradeshows:

The European Commission is organising the webinar “When beauty meets green: the EU Ecolabel for cosmetic products” on 11 December 2024. Learn more about the EU Ecolabel for cosmetic products, how it guarantees environmental excellence, enhanced visibility to consumers and compliance with new and upcoming legislation. Secure your spot here 

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