US cosmetics giant Avon has announced that it will close down all of its French operations at the end of this month as the result of declining sales and consistent operating losses.
Fragrance and flavor manufacturer Givaudan has reported an unexpected fall in sales, a problem which has been linked to the currency crisis and general slowdown in growth in emerging markets.
Sephora’s famous Champs-Elysées store, which draws almost as many visitors each year as the Eiffel Tower, will be forced to close at 9pm to avoid violating French labour laws.
Colour cosmetics in Ireland performed well in 2012 on the back of growth in facial make-up, nail polishes and lipsticks, according to a report by Euromonitor.
Cosmetics theft by gangs of Eastern European criminals is “one of the biggest issues” affecting the Dutch beauty industry, according to a new academic study announced this week.
The Central European cosmetics market has bucked the uncertain economic situation of the region to post 2 per cent growth, according to a report by Companiesandmarkets.com.
L’Oreal’s CEO Jean-Paul Agon has confirmed that the company’s financial resources for buying back Nestle’s stake in the company include its share in Sanofi.
L’Oreal's relationship with the world's leading food company may change after 2014 after Nestle's chairman said that they intend to “keep all options on the table.”
Cosmetic ingredients company Croda International’s shares rose to the highest level in three months after they were recommended by German financial services firm Deutsche Bank.
DSM will use its global reach to drive its latest acquisition - fish-sourced omega-3 leader, Ocean Nutrition Canada, beyond its core North American market – but sees opportunities in generic drugs that may prove more lucrative.
Packaging supplier Rexam has announced it is now ‘actively marketing’ its Personal Care business for sale following the release of the company’s 2011 results.
L’Oréal CEO Jean-Paul Agon has announced that he will hand back half the stock-options he received in 2010 and that the French firm will stop using them altogether.
Avon Product’s fourth quarter sales take a significant dive as it continues to be impacted by operational issues in Brazil and economic challenges in the developed markets.
Naturex will expand again in 2011 with several “€5-20m” targets, 1.5 years after completing the €110m integration of Spanish supplier Natraceutical that made the French botanical extracts supplier the biggest in the world.
Symrise exceeded its sales and earnings for fiscal year 2010 thanks to the global economic recovery, strong boost in demand and a solid positioning in emerging markets.
Oriflame has revealed that its profits for the fourth and final quarter as well as full year 2010 increased significantly on the back of sales gains and positive exchange rates.
A group of shareholders of Alberto Culver have reached an agreement with the company stemming from its proposed acquisition by Unilever, in which it claims the best deal was not sought by the beauty care firm.
Unilever has announced a big rise in both net profit and turnover for the third quarter on the back of big gains from emerging markets and a solid performance from personal care.
L’Oreal has been acknowledged for its efforts on sustainable development several times in the past year and its recently published annual report stresses how this area will continue to be a core focus for the business.
Natural personal care companies are expected to be a key target for investors in 2010, according to Organic Monitor’s latest Strategic Insights report.
The economic crisis meant that 2009 was a struggle for prestige cosmetic players, but financial results show that in the last quarter of the year things started to improve.
Cost savings initiatives have helped offset steeply declining sales for nutritional and personal care ingredients company Cognis during the first three quarters of 2009, the company said on Wednesday.
With the growth of cosmetics sales continuing in most of the major developing markets new opportunities continue to proliferate for niche cosmetic players, but now is the time to get in on the act.
As consumers feel the pinch of a global recession they often look to private label goods as a way to save a few pennies. Couple this with the lower overheads and financial outlay offered by contract manufacturers and the sector seems to have a winning...
Despite cries of the ‘lipstick effect’, the cosmetics and personal care industry has not been protected from the economic downturn and some analysts argue recent alterations to the market and changes in consumer behaviour might be here to stay.
A Mintel analyst has warned that Procter & Gamble (P&G) must commit significant resources to build the premium male grooming market and turn its recent acquisitions into a success story.
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”.
Consumers are continuing to turn their backs on premium cosmetics in favour of less expensive and private label brands, as a new market report underlines a further tightening of purse strings.
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.
Physicians Formula has received a NASDAQ Staff Deficiency Letter threatening the company with delisting if it does not fulfill requirements for its executive board.
Corporate bargain hunters are looking for good buys in cosmetics and healthcare as the economic downturn throws up a range of acquisition opportunities.
L’Oreal reported flat first quarter sales but differences between divisions were marked with luxury and professional product sales being the hardest hit.
A panel of beauty experts gathered at in-cosmetics in Munich last week to examine the latest data on the cosmetics industry and diagnose its financial health.
