Henkel AG & Co. KGaA

Henkel is making progress on its sustainability targets thanks to a new packaging material for its detergent capsules.

Coty is weighing the sale of the unit, which owns brands including Wella, as part of the CEO’s plan to turn around the wider business by boosting margins and reducing leverage.

The manufacturer will partner with its packaging supplier to invest toward a new bottle production area at its largest laundry plant.

The former Henkel exec will be responsible for all marketing, innovation and R&D initiatives.

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Stephen Koven will be responsible for developing digital strategies and leading teams to build sales and marketing plans.

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