Veet debuts new Suprem’Essence line
PARSIPPANY, N.J. Veet, a hair depilatory brand by Reckitt Benckiser, has introduced just in time for summer its new Suprem’Essence line of hair removal products.
The formulation is made with essential oils and has a new rose fragrance.
“Women can trust Veet to provide them not only with the ultimate in at-home hair removal but also the spontaneity and freedom from inhibition that razors can’t provide,” stated Veet senior brand manager Ashwini Dumaswala. “Adding the new rose scent to the Veet experience is a benefit we are proud to provide.”
The products, available as of April 1, come in a gel cream tube, pump or spray-on format. The formulas promise to remove unwanted hair in three minutes for results that last up to twice as long as shaving.
Matsumotokiyoshi debuted new store format in Yokohama City
YOKOHAMA CITY, Japan On March 19, Japan’s largest drug store chain, Matsumotokiyoshi, opened a health-and-beauty specialty store named H&B Place in Yokohama City, according to Chain Store Age Japan.
The new store will have a certified beauty advisor and registered dietitian on full-time basis and will provide counseling for beauty and healthy diet to its customers.
The first H&B Place is located at the basement of Colette Mare Minato-Mirai Shopping Center in front of JR Sakuragicho Station. The store has a sales floor of 328 square meters and is open from 11 a.m to 8 p.m.
Matsumotokiyoshi has been accelerating their efforts in developing smaller new store formats, suitable for inner-city locations, where larger retail sites are hard to find.
Last year, the company developed a small drug specialty store format called Medi+ (Mediplus) and opened two units in Gotanda, Tokyo and Umeda, Medi+ Osaka, both located in an underground shopping arcade.
Former P&G executive joins private equity firm
NEW YORK Former Procter & Gamble chairman, president and CEO A.G. Lafley has joined private equity firm Clayton, Dubilier & Rice as a special partner.
“Private equity can be a powerful agent of constructive change and corporate renewal,” stated Lafley. “CD&R’s successful history of building long-term value by improving the operational performance of its portfolio businesses exemplifies the positive role that private equity can play in the economy and is what attracted me to the firm.”
In his 32-year career at P&G, Lafley served in a variety of leadership positions, including nine years as president and CEO. Originally brought on in P&G’s marketing division in 1977, Lafley held numerous senior management positions before being named group VP in 1992, an EVP in 1995 and, in 1999, president of global beauty care and North America. He served as CEO from 2000 to 2009 and as chairman from 2002 to 2009.
As CEO, Lafley led a dramatic transformation of P&G, which included re-focusing the company on: core businesses and brands; faster-growing and higher-margin beauty, grooming and healthcare segments; and building market share in developing countries. Under his leadership the number of P&G billion-dollar brands grew from 10 to 24, and the company more than doubled sales from $38 billion in 1999 to $79 billion in 2009. The company’s market capitalization also more than doubled.
“A.G. has proven to be one of the most effective corporate leaders of the 21st century, and we are very pleased to welcome him to CD&R,” stated Donald J. Gogel, president and CEO of CD&R. “His experience building strong business operations, promoting innovation, and spurring growth across global markets enhances our value creation capabilities.”
Lafley is on the board of directors of General Electric and has served as a director at General Motors Corp. and Dell Inc. during the last five years. He also serves as chairman of the Hamilton College Board of Trustees.