Beauty Product Market

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What does the center store of the future look like?

GMDC’s Center Store: Essential for Total Store Growth report highlights the fact that such elements as nonfoods, grocerants and in-store health clinic can play a big role in improving customer experience and combating food price deflation, loss to online sales in impulse categories and changing shopper interests. 

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Report: P&G names new head of beauty business

Procter & Gamble has placed a 28-year company veteran at the head of its global beauty business, according to a report by USA Today. Alex Keith, who has led P&G’s skin and personal care since 2014, will succeed Patrice Louvet, who was recently named CEO of Ralph Lauren. Taking Keith’s place will be VP and SK-II brand franchise leader Markus Strobel, the report said. (USA Today)

 

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Amazon to acquire Whole Foods

The all-cash transaction is valued at $13.7 billion, and will see Whole Foods CEO and co-founder staying at the head of the grocer when the deal closes. 

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Coty’s Macchio set to retire after 25 years

Coty said that chief scientific officer Ralph Macchio’s retirement had been planned for a couple years, but that he had agreed to postpone it until after the company’s merger and integration with Procter and Gamble’s beauty business.