Breaking News on Cosmetics Formulation & Packaging - Europe US edition

Top three stories this week

P&G buys another luxury men's grooming company

16-Jun-2009 - Procter & Gamble has added another high-end male grooming brand to its portfolio through the acquisition of men’s skin and shave care brand, Zihr.

Marionnaud Group announces 700 job lay-offs

16-Jun-2009 - Luxury perfumeries and cosmetics chain Marionnaud has announced plans to lay-off around 700 employees in France, owing to the “very difficult current economic context”.

Gross margin growth expected in personal care, despite surge in oil price

15-Jun-2009 - European personal care companies should enjoy “strong gross margin growth” despite the recent surge in the oil price, says Bernstein Research.

News in brief

Clarins plans push on the Asian markets

12-Jun-2009 - The contribution to Clarins’ sales from China, Vietnam and Thailand is expected to grow from 15 to 20-25 percent in the next three years, according to the Bangkok Post.

Givaudan sells new shares to cut debt

11-Jun-2009 - Swiss fragrance and flavour supplier Givaudan has issued nearly a million new shares, in an attempt to pay off some of the debt from purchasing Quest.

News in brief

L’Oreal and Unilever eye Israeli cosmetics firm Careline, says paper

11-Jun-2009 - L’Oreal and Unilever are rumoured to be eying the Israeli cosmetics and toiletries manufacturer Careline.

Estee Lauder joins L’Oreal and P&G in lowering prices to boost sales

10-Jun-2009 - Estee Lauder has joined L’Oreal and Procter & Gamble in unveiling its strategy of targeting value products to appeal to cash-strapped beauty consumers.

Dow Corning ‘transforms’ business with online push

10-Jun-2009 - In what it calls a transformation of its business, Dow Corning is enlarging its internet selling platform to improve efficiency and targeting the ‘megatrend’ sustainability.

News in brief

Boots Alliance appoints ex-HBOS exec as CEO

10-Jun-2009 - Boots Alliance has announced Andy Hornby as the new group chief executive, who will be charged with the further development and management direction of the group

Interactive timeline of the ugly economy and the beauty industry

09-Jun-2009 - Cosmetics Design has created an interactive timeline of the major news stories on job losses, corporate failure and restructuring in the cosmetics industry over the past six months to give readers a new perspective on the impact of the economic crisis.

P&G set to name McDonald as new CEO, report says

09-Jun-2009 - Robert McDonald is set to take over from A.G. Lafley as the new CEO of Procter & Gamble, according to a report in the Monday edition of The Wall Street Journal.

Boots sued for its anti-ageing product claims

05-Jun-2009 - Skin care brand Skin.ny has taken out legal proceedings against UK retailer Boots as it believes the company misled the public over its Protect and Perfect Beauty Serum.

L’Oreal says cosmetics market should pick up in coming quarters

05-Jun-2009 - Amid celebrations for L’Oreal’s 100th birthday, chief executive Jean-Paul Agon told reporters in Paris that the sales environment would improve over the coming quarters.

BASF opts out of care chemicals price war

04-Jun-2009 - The head of BASF’s care chemicals business said the company refuses to be drawn into a price war to compete in the depressed market for personal care ingredients.

P&G resumes acquisition trail, buying men’s grooming company

04-Jun-2009 - Procter & Gamble has bought the Miami-based business Art of Shaving as part of its plans to expand into the international prestige men’s grooming category.

News in brief

Symrise appoints new CEO as Linzbach steps down

04-Jun-2009 - Heinz-Jürgen Bertram will become the new CEO of the fragrance and flavours supplier Symrise on July 1 2009.

Appointment of new Physicans Formula CFO threatens NASDAQ listing

03-Jun-2009 - Physicians Formula has received a NASDAQ Staff Deficiency Letter threatening the company with delisting if it does not fulfill requirements for its executive board.

Meet Our New Owners

03-Jun-2009 - Don’t miss this video interview with Robert Marr, chief operating officer of William Reed Business Media which recently acquired Decision News Media publisher of CosmeticsDesign-Europe.com and CosmeticsDesign.com.

CosmeticsDesign-Europe.com acquired by William Reed Business Media

01-Jun-2009 - Decision News Media, publisher of CosmeticsDesign-Europe.com, CosmeticsDesign.com and 15 other websites serving the international food, nutrition, pharmaceutical and cosmetics industries, has been acquired by the leading UK business-to-business publisher William Reed Business Media.

Revlon announces 400 job losses worldwide

01-Jun-2009 - New York-based Revlon has announced restructuring plans that will result in 400 job losses worldwide.

News in brief

Fribad Cosmetics Group declares bankruptcy

01-Jun-2009 - German company Fribad Cosmetics Group has declared bankruptcy after it was unable to pay its 241 employees in April.

Frutarom blames currency and destocking for sales drop

28-May-2009 - Functional ingredients, fragrance and flavour supplier Frutarom has reported a decrease in sales and net income for the quarter but confirms growth plans.

News in brief

Mibelle announces new sales manager

28-May-2009 - Switzerland-based company Mibelle Biochemistry, has announced the appointment of Vincent Briffaut as sales manager in France.

Cognis reports sharp drop in quarterly sales

28-May-2009 - German specialty chemicals firm Cognis has posted a net loss of €33m for the first quarter following a sharp drop in turnover.