A group of 30 women has filed a lawsuit against Olaplex, claiming that the company's hair products caused hair loss, breakage, and other problems.
The lawsuit alleges that the company used ingredients that are known to cause allergic reactions, such as lilial and panthenol (the former being banned in Europe).
Olaplex has denied the charges and stated that it is "prepared to vigorously defend" itself.
"We want to reassure our community of Professional stylists, customers and fans that they can continue to use our products with confidence," the company said in an Instagram post. "To demonstrate this, we have publicly released test results from independent third-party laboratories, going above and beyond industry standards."
CEO JuE Wong also denied the accusations in a video posted on Twitter. Hair loss is a "painful and emotional topic. However, for our products, this is not true".
Olaplex launched back in 2014 and has since garnered endorsements from celebrities such as Kim Kardashian and Drew Barrymore. The company has long touted its products ability to restore broken or damaged hair.
According to a Bloomberg report, the Food and Drug Administration has received 25 complaints about Olaplex products over the years.
American businesses that rely on Chinese goods are reacting with muted relief after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days. Many companies delayed or canceled orders after President Donald Trump last month put a 145% tariff on items made in China. Importers still face relatively high tariffs, however, as well as uncertainty over what will happen in the coming weeks and months. The temporary truce was announced as retailers and their suppliers are looking to finalize their plans and orders for the holiday shopping season. They’re concerned a mad scramble to get goods onto ships will lead to bottlenecks and increased shipping costs.
Shopping expert Trae Bodge discusses how talks between the U.S. and China is good news for now, but uncertainty remains for back-to-school and the holidays.
Jake Traylor, White House reporter at Politico, joins Cheddar to discuss how Trump is aiming to lower drug prices and how it differs from Biden's approach.
Sheryl Palmer, CEO of Taylor Morrison, talks tariff uncertainty, being a female leader in a male dominated industry and what homebuyers need to know. Watch!
