Progress toward new federal legislation for beauty products in 2014 took one giant step backward, perhaps more, when the U.S. Food & Drug Administration issued a letter March 6 criticizing industry trade associations and their ongoing efforts to create it--and made that letter public.
“FDA Deputy Commissioner Michael R. Taylor expressed his ‘profound disappointment’ in industry proposals that he contends ‘would actually reduce FDA’s current ability to take action against dangerous cosmetics,’” reported The Wall Street Journal.
Tom Porter and his Malibu C brand are on the cutting edge at the intersection of beauty and wellness.
Tom Porter, founder and president of Malibu Wellness and author of the book You're Not Aging, You're Just Oxidizing, has always been drawn to the latest and greatest—and he has used that pioneering spirit to grow a booming beauty business. He may have started on a dime from his guest bedroom and garage, but Malibu Wellness, with its exclusive brand Malibu C, has come a long way.
Strength of Nature Global president Mario de la Guardia discusses his great success in the multicultural haircare market.
Mario de la Guardia, president of Strength of Nature Global, oversees an ever-growing empire that boasts 10 brands in the multicultural market—all produced in the company's 250,000-square-foot facility in Savannah, Georgia. With 200 employees and a presence in dozens of countries worldwide, there's no denying de la Guardia has a finger on the pulse of his target consumers, African-American women and Latinas. In fact, thanks to recent acquisitions of three brands from Unilever, his business is now expanding to a second shift, operating 16 hours per day to meet demand.
"My grandfather had a terminal disease. We were prepared for the loss, says Ronda Wilkin, CEO of Beauty Bus Foundation. "However, six weeks before his death, my grandmother passed away from the stress of being the caregiver. Grandma never saw any of her grandchildren married or met any of her amazing 12 great-grandchildren. No one was ready for the cost of this disease to be both grandparents."
Here's a roundup of tax law changes and how they'll affect your business this year.
If you've been paying attention to the comings and goings in Washington, D.C. in recent years, you know that tax law changes have been a major—and often heated—topic of discussion. While federal lawmakers have yet to reach a so-called "grand bargain" that would involve substantive tax and entitlement reform, there still are a number of key tax law changes that will impact businesses in 2014. In fact, many of these changes are significant. The Internal Revenue Service estimates the total time required to comply with the new tax laws to be in excess of 1.1 million hours.