Coty’s Macchio set to retire after 25 years
NEW YORK — The mind behind Sally Hansen Miracle Gel and various other Coty products is retiring. Coty on Wednesday announced the departure of chief scientific officer Ralph Macchio, who has been with the company for 25 years and is set to depart on June 30.
Ralph has been an amazing R&D leader in the beauty industry and retires after a truly distinguished career,” Coty CEO Camillo Pane said. “He has developed many iconic products over the years, pioneered radical and breakthrough technologies and authored numerous patents. These include our highly successful Sally Hansen Miracle Gel, one of the biggest nail successes in beauty, having won 34 awards, and Rimmel Lash Accelerator Mascara, proven to help grow lashes, to name just two.”
Coty said that 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. After his departure, the research and development department team will report to Pane.
“My many thanks, and those of our Board and Executive Committee members, and all his colleagues at Coty go to Ralph for his leadership, commitment, drive and passion for our business, and for the expertise he has brought. We wish him a great retirement,” Pane said.
DSNTV: Highlights from the third annual New General Market Summit
At the Drug Store News/Mack Elevation New General Market Summit, Mack Elevation managing director Dan Mack told attendees, “The New General Market is a mindset — it’s not defined by demography or skin color or religion or sex or sexual orientation — it’s driven by a mindset of inclusion.”
So DSN and Mack brought together industry leaders for the third annual New General Market Summit — held April 4 in Minneapolis — to discuss how leading brands are able to keep in touch with the mindset that informs the New General Market consumer.
Above is a collection of highlights from the event to accompany the June issue of Drug Store News, which features an in-depth special report about the big ideas and best practices that emerged from the event
To read the full report, click here.
Crossmark taps IRI for category analysis
CHICAGO — IRI on Tuesday announced that Crossmark has selected IRI as its preferred data provider.
“IRI’s robust tools and technology as well as its strength in retail partnerships make it an ideal resource for Crossmark,” stated David Newman, chief insights officer for Crossmark. “We are confident that leveraging IRI tools will ensure Crossmark delivers on our client promise to provide a smarter way to faster growth.”
“We look forward to helping Crossmark achieve its organizational goals, enabled in part by improved speed to insights by bringing together various datasets that create a lasting impact,” said Andrew Appel, president and CEO IRI. “We are experiencing tremendous momentum on the retail front, and we are excited to work with Crossmark to help our manufacturing clients address the needs of the changing industry landscape and succeed at retail.”
IRI will work with Crossmark to provide actionable insights to its clients through the IRI Liquid Data platform, which makes it possible to aggregate and find associations among trillions of data points in a matter of seconds, and Unify, IRI’s visualization platform that brings together all of IRI’s cloud applications across measurement, consumer, media, analytics and retail.
Crossmark also will leverage IRI ShopperSights and IRI Market Advantage powered by ILD and Unify to improve the effectiveness of its go-to-market strategy. IRI ShopperSights gives CPG manufacturers higher returns on shopper activation and growth efforts by enabling effective media planning and retailer execution at individual household and store levels. IRI Market Advantage offers market intelligence that delivers core market measurement and reporting, as well as complex, iterative analyses not possible in traditional market-measurement solutions.