Latest news with #ManukaHoney
Yahoo
7 days ago
- Business
- Yahoo
Comvita warns of 'material' impairment charge for FY25
Manuka honey producer Comvita has warned it could book a 'material' impairment charge for the 2025 financial year concluding at the end of this month. In a trading update issued today (16 June), the New Zealand-based business said it is "assessing the level of a non-cash impairment of assets and provision against inventories, which are expected to be material". Excluding any impairment, Comvita said it expects to post a net loss before tax of NZ$20m ($12.1m) to NZ$24m ahead of the final results due in August. Comvita also flagged today that its net loss before tax for the previous 2024 fiscal year will likely be restated to NZ$85.8m from the NZ$81.9m loss first reported. Impairments and other asset write-downs for that year will remain at NZ$64.2m. That same year, Comvita record a net bottom-line loss of NZ$77.4m, compared to a NZ$11m profit a year earlier. Comvita said today it "continues to operate in a challenging global environment, with ongoing market volatility impacting both revenue and margin realisation". The company added that revenue is expected to "decrease slightly" from the NZ$204.3m in 2024. The gross margin for the full year is expected to decline due to 'aggressive pricing and channel loading by competitors'. Earlier in June, Comvita appointed Karl Gradon as its new CEO. The company had not had a permanent chief executive since David Banfield stepped down in August last year. Brett Hewlett, who was the chair at the time and had formerly been Comvita's CEO, took on the role of acting chief executive. The business is targeting annualised costs savings of NZ$15-$20m, which are "currently running ahead of target", Comvita said today. But it added that full-time headcount had been reduced by 70 staff. Comvita added that while net debt had been cut from NZ$81.6m at the end of the last fiscal year to an expected NZ$63m in fiscal 2025 further measures may be needed. "The board has determined that additional action is required to ensure the debt position is sustainable and accordingly, is working with its investment banking and legal advisors to explore all options available to the company". "Comvita warns of 'material' impairment charge for FY25 " was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Daily Mail
14-06-2025
- Business
- Daily Mail
Beauty brand launches new version of their iconic product... with one very luxurious update for dull winter skin: 'Liquid gold'
The brand behind a bestselling beauty product purchased every 15 minutes worldwide has just unveiled an exciting new version of the cult product. New Zealand skincare company Antipodes has announced the Aura Gold Mānuka Honey Radiance Mask, a follow up to the beloved classic Aura Mānuka Honey Mask. The brightening and exfoliating mask is designed to restore luminosity to dull winter skin and give the complexion a radiant glow. While the creamy, hydrating Aura Mānuka Honey Mask is renowned for its ultra-nourishing and soothing properties, the Aura Gold is packed with high-performance natural actives for visibly brighter skin. In a four-week trial, 87 per cent of participants responded that their skin looked more radiant, and 98 per cent said it ' felt luxurious on their skin'*. The shimmering mask, $75, is powered by premium botanicals. The formula contains Kakadu Plum, which harnesses 100 times the vitamin C of oranges, to brighten and protect, and lime caviar AHAs to exfoliate for fresher, smoother skin. Ceramides replenish and bolster the skin barrier, while plant hyaluronic acid delivers a boost of hydration. The potent formulation is packed with high-performance natural actives for visibly brighter skin The Aura mask range's hero ingredient, New Zealand Manuka Honey, is renowned for its antibacterial, anti-inflammatory, and wound-healing properties. The Manuka Honey in Antipodes products is ethically sourced from Grafter's Honey, a sustainable bee farm in Wellington. Reviews of the recently launched face mask reveal it to be an instant hit with Antipodes ' loyal global customer base, with customers praising the 'luxurious' texture and the resulting glow. The Aura Gold mask an instant hit with Antipodes' loyal global customer base, with customers praising the 'luxurious' texture and the resulting glow 'This mask is wonderfully luxurious on the skin. My skin was hydrated and my pores appeared reduced after the treatment,' one customer wrote. 'Over time, my skin tone has improved. I would highly recommend this if you have dry, thirsty skin in need of a boost. Another shopper raved: 'I love this product. The texture is incredible— it feels like a luxurious face mask but without the crusty, irritated feeling before a mask it removed. It has a velvety smoothness that leaves my skin feeling silky and refreshed.' 'The gold colour of the mask makes you feel like you are putting liquid gold into your face,' said a customer of the shimmering gold hue of the mask, from the light-reflecting mineral mica. 'The rich cream texture feels and looks luxurious. 'Compared to other face masks I have used this is the best. My skin felt lovely and hydrated after and I enjoyed the pampering experience.' With its high concentration of plant-based actives for optimum efficacy, the mask is best suited as occasional treatment for when your skin needs a visible glow up. It is suitable for all skin types, though a patch test is recommended for sensitive skin. The original formulation, alternatively, is a gentle and nourishing mask suitable for everyday use. Antipodes has become a global powerhouse in natural skincare since its launch in 2004 and is now sold in over 40 countries. Along with classic Aura Mānuka Honey Mask, the brand boasts a number of bestsellers, including the Culture Probiotic Night-Recovery Water Cream, Glow Vitamin C Brightening Serum, Baptise H2O Ultra-Hydrating Water Gel and Kiwi Seed Oil Eye Cream. The company prides itself on utilising the 'most unique and innovative botanicals and bioactive compounds to develop the very finest, naturally efficacious, formulations'. 'I was searching for an outlier – 100% natural skincare that offered the same benefits as prestige brands – but using pure New Zealand ingredients that were independently and scientifically validated,' says Elizabeth Barbalich, Antipodes Founder and CEO of establishing the beloved heritage brand. 'That personal quest turned into a trailblazing scientific green beauty brand which has won global fans and awards for combining nutrient-rich New Zealand bioactive ingredients with science and innovation to produce high-tech, premium formulations.' *In-vivo trial results from 45 participants after four weeks of use.
Newsweek
10-06-2025
- Health
- Newsweek
Honey Recall Map Shows Warnings Issued to Customers in 7 States
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The Food and Drug Administration (FDA) has announced its classification of a recall of certain Comvita honey products, affecting seven states. Comvita, a California-based company, recalled three of its manuka honey products last month as the induction seal was not properly fitted, meaning the product was leaking on the packaging. Newsweek has contacted Comvita outside of regular working hours via email for comment. File photo: a teaspoon with a jar full of honey. File photo: a teaspoon with a jar full of honey. Oliver Berg/dpa via AP Why It Matters Maintaining packaging standards is important as it can make consumers feel more assured that companies have followed regulatory guidance more closely, and ensured their products are properly manufactured and controlled. Given that many Americans are concerned about food safety and food recalls, maintaining standards and regulations are even more important if brands want to establish consumer trust. What To Know The affected products include: Comvita's Manuka Honey + Lion's Mane for Focus (355g), with lot codes 34828522 and 34835584, and expiration dates of January 21, 2026 and February 21, 2026 respectively Comvita's Manuka Honey + Cordyceps for Energy (355g) with lot codes 34828523 and 34835585, and expiration dates of January 22, 2026 and February 25, 2026 respectively Comvita's Manuka Honey + Reishi (355g) with lot codes 34828521 and 34835574, and expiration dates of January 21, 2026 and February 24, 2026 respectively There were 2,730 units sold of each product, to various states including Colorado, Arizona, Texas, Maryland, Florida, California, and Georgia. Comvita initiated the recall on May 23, and the FDA announced its classification of the recall on June 9. The FDA classification of the recall was a Class II, meaning it is a situation "in which use of or exposure to a violative product may cause temporary or medically reversible adverse health consequences or where the probability of serious adverse health consequences is remote." What People Are Saying Professor Byron Chaves, a professor and food safety extension specialist in the department of Food Science and Technology at the University of Nebraska-Lincoln, told Newsweek: "An induction seal is a protective seal commonly found on food containers, like jars or bottles, just under the cap. It's created using heat to attach a foil liner to the container's opening, forming a tight, tamper-evident seal. This helps prevent leaks, keeps the product fresh, and shows if the package has been opened." He added: "If an induction seal isn't properly applied, it can lead to leaks, contamination, and reduced shelf life. It also means the package may not show evident signs of tampering, which can raise safety concerns. In some cases, it could lead to regulatory issues or loss of consumer trust if the product appears unsafe or poorly sealed." What Happens Next Consumers are advised not to consume the affected products and return them to the place of purchase for a refund. As of June 9, the recall remains ongoing. The FDA did not specify if any illnesses had been reported in relation to the recall.
News18
03-06-2025
- Health
- News18
From Neem To Oudh: 5 Ayurvedic Ingredients You Need In Your Skincare Routine
Last Updated: As modern consumers seek a balance between efficacy and authenticity, Ayurveda has re-emerged in the beauty space as a time -tested source of holistic solutions. In the ever-evolving landscape of skincare, where new trends surface by the minute, a quiet renaissance is underway, one that draws deeply from centuries-old Ayurvedic wisdom. As modern consumers seek a balance between efficacy and authenticity, Ayurveda has re-emerged as a trusted source of holistic solutions. While hero ingredients like turmeric and sandalwood have become household names once again, Ayurveda has a reservoir of lesser-known ingredients that are equally powerful. Ayurvedic skincare formulator Kanishka Jain, Founder, Dromen & Co Apothecary, shares five such under-the-radar botanicals that are worth a closer look and how they're redefining modern beauty rituals. Neem Often categorised as just an acne remedy, Neem's versatility extends far beyond spot treatments. Its antibacterial and antifungal properties make it an excellent scalp purifying agent. Regular use can help reduce dandruff, calm irritation, and promote a healthier scalp environment, which is essential for long-term hair vitality. Manuka Honey While globally recognised, Manuka Honey isn't always viewed through the Ayurvedic lens. Rich in antioxidants and natural enzymes, this ingredient functions as a humectant, delivering intense hydration to both skin and scalp. It also supports the skin barrier and helps soothe sensitivity, an ideal blend of moisture and healing in one potent extract. Rosemary & Lavender When used together, this duo offers more than just a sensory experience. Rosemary is known to stimulate circulation and improve follicular health, while lavender brings anti-inflammatory and calming effects. Their combined impact can be especially beneficial for those dealing with thinning hair or stress-related shedding, balancing therapeutic benefits with real-world results. Aloe may be well-known, but its full potential is often underestimated. Beyond its cooling properties, Aloe vera is packed with regenerative enzymes that improve skin elasticity, texture, and healing. Lightweight yet deeply hydrating, it works well for both skin and scalp, especially in sensitive or reactive conditions. One of Ayurveda's most luxurious offerings, Oudh oil is prized for its rich aroma, but it also brings powerful skin benefits. Anti-inflammatory and antioxidant-rich, it's ideal for calming irritated skin, supporting anti-ageing efforts, and transforming skincare routines into mindful rituals.
CairoScene
02-06-2025
- Entertainment
- CairoScene
Why Are Artists Boycotting Sónar Festival 2025?
Why Are Artists Boycotting Sónar Festival 2025? Over 70 artists have dropped out of Sónar 2025 over ties to KKR, an investment giant linked to arms and Israeli military tech. More than 70 artists have pulled out of Sónar Festival 2025 in protest of its ownership ties to KKR, a global investment firm linked to weapons manufacturing, surveillance technology, and Israeli military contracts. What began as a quiet call to accountability has grown into a full-blown boycott campaign, raising urgent questions about the politics behind music festival funding. KKR—short for Kohlberg Kravis Roberts—acquired Superstruct Entertainment in 2020. Superstruct owns or controls more than 80 festivals worldwide, including Sónar, Outlook, DGTL, and Parookaville. With the ongoing genocide in Gaza and heightened scrutiny over financial complicity, artists and activists are demanding transparency about who funds the events they participate in, and what those companies profit from. The boycott was spearheaded by the Palestinian-led BDS movement, which called Sónar's relationship with KKR 'involuntary complicity in genocide.' That statement struck a chord. In a matter of days, artists like Ikonika, Florentino, Manuka Honey, and ABADIR publicly canceled their scheduled appearances. Egyptian artist ABADIR wrote: 'I can't participate in good conscience… This is about anti-racism and solidarity.' Sónar initially responded by stating that it 'promotes respect for human rights.' But as pressure mounted, the festival issued a second statement on May 19th, saying: 'We have no control over KKR's investments, and we express solidarity with Gaza's civilians.' It added, 'No ownership structure will define who we are.' But many aren't buying it. Amsterdam's DGTL Festival, also owned by Superstruct, released a much firmer statement acknowledging that 'KKR's investments are unethical' and promising to reassess its affiliations. Even Boiler Room came under fire after launching a pro-Palestine fundraising campaign while remaining silent about its own past ties to KKR, a contradiction that artists and audiences were quick to point out. For many, the issue is not just about Gaza. It's about the role of music in systems of oppression. As stages grow larger and more corporate, the decisions about who profits from culture, and who is erased by it, are no longer invisible.
