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Yooma Wellness, a producer of cannabinoid ingredients and owner of brands including What the Hemp, says better-than-expected growth in other markets should offset the impact of China’s ban on CBD in cosmetics.
Since 2006, KKR has done around $5.7bn in private equity deals in India. Its latest target, Vini Cosmetics, has an expansive and fast-growing business in India and a presence in more than 50 other countries.
The Personal Care Products Safety Act was reintroduced in the US Senate on 17 June with industry support including leading brands at big-name multinationals. The latest “Feinstein bill” for modernizing US cosmetics regulations purports to strengthen counterfeit product protections while floating additional requirements for fragrance allergen labeling and banning intentionally added PFAS.
Per- and polyfluoroalkyl substances are unpopular, sure. But there are thousands of PFAS with dissimilar safety profiles that merit US FDA review ahead of a blanket ban in cosmetic products, industry says.
The Environmental Working Group and Women’s Voices for the Earth try again with a petition to the US Food and Drug Administration seeking a ban on use of formaldehyde and equivalents in heated hair-straightening products. This time they are joined by 75 concerned salon workers.
Paula’s Choice ticks skin-care and e-commerce boxes at a time of increased wellness and home shopping demand. The balance it strikes between acknowledging consumer ingredient preferences and upholding scientific method may also be part of the brand's appeal.