Financial News

As part of the partnership with BBI, Curls founder Mahisha Dellinger will remain the majority and controlling owner of the brand and join the company’s board of directors.

Henkel North America launched a scholarship and internship program aimed at creating career opportunities for students in underrepresented communities.

Nestlé USA is expanding its global water business by acquiring Essentia Water.

The warehouse club chain reported Q4 fiscal 2020 total revenues of $3.95 billion, and announced that it has begun accepting federal EBT SNAP payments for eligible items for online in-store pickup and curbside pickup orders in Florida and North Carolina.

In its fourth quarter, Kroger reported that its total sales totaled $30.7 billion, and digital sales rose by 118%.

Target reported that its 2020 revenue grew by more than $15 billion, and revenue for the fourth quarter rose 21.1% to $28.34 billion.

According to a report by eMarketer, online grocery sales rose 54% from last year to $95.82 million, and it is estimated to make up 11.2% of total grocery sales in 2021.

Becca Cosmetics, acquired by Estée Lauder in 2016, announced that it would be shutting its doors at the end of September.