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Business & Financial

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Cosmetics and fragrance help lift LVMH sales

28-Jul-2016 - A strong performance from cosmetics and fragrances, as well as retail division Sephora, helped buoy group sales that have been hit by poorer sales in the domestic market, France.

Coty names a new CEO

27-Jul-2016 - The appointment won’t take effect until later this year, once the Coty P&G deal is formally closed. Fittingly, the new executive has experience integrating acquisitions in and beyond the US.  ...

Spending on beauty up in China, despite cooling economy

27-Jul-2016 - Chinese consumers are still keen to spend on beauty in China, according to newly released research from Mintel, with the majority of those surveyed stating they spent more on facial...

P&G ‘fully co-operating’ in Italian tax probe

26-Jul-2016 - Personal care giant, Procter & Gamble says it is “fully cooperating” with Italian authorities who are reportedly investigating whether the brand has avoided paying taxes in the country.

L’Oréal will acquire IT Cosmetics

25-Jul-2016 - Friday afternoon, the self-proclaimed world’s leading beauty company announced the signing of a deal to purchase skin care and makeup brand IT Cosmetics for over $1bn — validation of IT...

Unilever expands in men’s grooming with Dollar Shave Club acquisition

22-Jul-2016 - The Anglo-Dutch consumer goods giant has expanded its footprint in the men’s grooming space with the acquisition of Dollar Shave Club, one of the fastest growing personal care businesses in...

Revlon shares an early look at Q2 financial results, following Elizabeth Arden acquisition announcement

21-Jul-2016 - The quarter ended for Revlon at the end of last month and the company will hold its official results call at the end of next week; in the meantime, some...

Boots prepares for South Korea launch

21-Jul-2016 - Walgreens Boots Alliance, pharmacy-led health and beauty player, has entered into a franchise partnership that will see it enter South Korea through the country’s number one hypermarket retailer.

Rituals expands its retail footprint into the UK market

20-Jul-2016 - Rituals has made a bold move into the UK market with the mooted opening of a flagship concept in the upmarket retail area of High Street Kensington, in West London.

Sephora’s Polish centre ushers in a new way of doing business for the beauty retailer

19-Jul-2016 - Sephora has invested in a regional hub in Poland where it has introduced a new distribution model for both bricks and clicks, a system it aims to extend to other...

L’Oreal confirms offer to buy niche thermal water skin care player

15-Jul-2016 - The world’s biggest cosmetics company has confirmed that it is going ahead with the acquisition of a tiny France-based skin player with a very long name.

LVMH to invest in Korean cosmetic company Clio

13-Jul-2016 - LVMH Moet Hennessy Louis Vuitton is taking the plunge into the innovative and fast-growing South Korean cosmetics industry by investing $50m (€45m) in CLIO Co.

Johnson & Johnson buys into Japanese skin care and cosmetics company Dr.Ci:Labo

12-Jul-2016 - The deal announced this week includes widespread sales rights to select products and is also meant to improve J&J’s prowess in the skin care sector.

Lush boss says Brexit makes shifting production to Germany fortuitous

12-Jul-2016 - Lush founder Mark Constantine says the clear message sent by UK Brexit voters means his type of business is not welcome there anymore.

Art & Fragrance to be renamed Lalique Group

08-Jul-2016 - During last month’s Annual General Meeting board members of niche luxury goods player Art & Fragrance agreed to rename the company Lalique Group and divide off its fragrance and cosmetics...

Sulzer moves into cosmetics with acquisition of Geka

06-Jul-2016 - Switzerland-based injection moulding specialist Sulzer has doubled the size of its operations in this area with the acquisition of cosmetics packaging provider Geka.

Colors & Effects, a new global pigments brand from BASF

04-Jul-2016 - For the first time, under the new arrangement, BASF will have a dedicated global pigments team serving the cosmetics industry. The idea behind the new brand is that all industry...

L’Oréal expands in prestige fragrances with Atelier Cologne acquisition

01-Jul-2016 - L’Oréal says it has signed an agreement to acquire prestige fragrance player Aletier Cologne, a niche player that is only found in selective retail outlets.

Givaudan forms active cosmetic ingredient partnership with Amyris

30-Jun-2016 - Swiss fragrance and flavours player Givaudan has formed a long-term partnership to develop active cosmetic ingredients with bioscience player Amyris.

Indian pharma player RPG partners with Italian cosmetics player

30-Jun-2016 - India-based RPG Life Sciences has partnered with Italian cosmetics player Labo Cosophar in a bid to enter the fast-growing cosmetics category in India.

Beautycounter buys the Nude natural skin care line from LVMH

28-Jun-2016 - Not to be left out of the M&A game this summer, Beautycounter posted news of the acquisition on its Instagram page yesterday evening, saying “and the Beautycounter family just got...

What does the cosmetics industry do for Europe?

22-Jun-2016 - According to a new study by Cosmetics Europe, the contribution of the cosmetics industry to the socio-economic landscape throughout Europe is wide-reaching and has significant impact.

UK SMEs share concerns on EU trade ahead of referendum

21-Jun-2016 - As the EU Referendum draws closer, many UK small and medium-sized cosmetics company owners are still unclear as to how leaving or staying in the EU will affect their businesses. ...

Henkel looks to the Egyptian market to increase its presence in Africa

17-Jun-2016 - To expand its foothold in Africa, German personal care player Henkel is set to invest €50m in Egypt in the next five years.

L'Oréal creates first chief retail officer role in Americas region

14-Jun-2016 - The multinational beauty company announced a CRO role for its Montreal-based L'Oréal Canada subsidiary this month. The new executive will lead retail strategy and customer experience for the company’s branded...

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