William P Lauder, Executive Chairman of The Estée Lauder Companies, has gifted $4 million to the William P. Lauder Wharton Leadership Fellows Program held at The Wharton School of the University of Pennsylvania. A member of the University of Pennsylvania Board of Trustees, the Lauder Institute Board of Governors, the Wharton Leadership Advisory...

British chemicals company Croda has become the latest company to be accredited by the Living Wage Foundation for committing to pay an hourly wage of at least £8.75 to staff and contractors working outside of London. More than the Government’s minimal wage pay guideline of £7.50 for over 25-year-olds, Croda’s participation in the scheme takes the...

AmorePacific has hosted a marathon event in the city of Busan, named Pink Run, in a bid to raise public awareness about breast cancer. The event was attended by 5,000 participants, who all received free breast cancer screening and clinical consulting sessions post run, with the money raised from ticket sales being donated to the Korea Breast Cancer...

The Nigeria shea butter market value potential is said to reach $320 million (N115bn), according to estimates by the The Nigeria Incentive Based Risk Sharing System for Agriculture (NIRSAL). Used for industries such as cosmetics, there is currently 425,000 metric tonnes of shea kernels being produced in Nigeria, grown mainly in three states of...

US bagel retailer Einstein Bros. Bagels has launched a limited edition cheese-scented shampoo and bacon-scented conditioner. The fast food chain has unveiled the new hair care range to complement its Cheesy Wakin’ Bacon sandwich, with the shampoo named Cheesy Shampoo and the conditioner penned Wakin’ Bacon Conditioner. Kerry Coyne, Einstein Bros....

US private equity firm Carlyle and Singapore-based sovereign wealth fund GIC have won a battle to acquire the speciality chemicals arm of Akzo Nobel. The two companies acquired the business for €10.1bn including debt through an auction process – resulting in what will be one of the biggest European private equity deals in some time. Carlyle saw...