In this round-up of financial results, M&As and funding drives in the cosmetics industry, we highlight the half-year results of LG Household & Healthcare, Amorepacific, Pola Orbis and more.
Hong Kong-listed L’Occitane saw a resurgence in brick-and-mortar retail channels with sales growing 67.6% in the first quarter of its 2022 fiscal year, with online channels dipping by 15%.However, the firm’s online sales still accounted for more than...
International skin care major Beiersdorf is on track to transform its global production network to climate-neutral by 2030 and has reported a strong sales run for the first half (H1) of 2021 that is set to continue.
UK e-commerce major The Hut Group has acquired premium British online retailer Cult Beauty in a deal that forms part of an incredible digital surge in beauty and healthcare for the group, says the retail research head at Mintel.
Personal care giant Colgate-Palmolive has reported a net sales rise for the second quarter (Q2) of fiscal 2021, with a particularly strong performance in Europe, Africa and Eurasia.
A round-up of CosmeticsDesign-Europe’s most-read news from July 2021 shows interest in Avon predicting the end of ‘anti-ageing’, Firmenich’s AI-powered digital tool to develop scents, and Sephora’s acquisition of Feelunique and deal with Zalando.
Personal care giant Procter & Gamble (P&G) has reported a net sales rise for its fourth quarter (Q4) and full fiscal year of 2021, also unveiling a CEO and COO change designed to continue future growth in years to come.
The demand for luxury beauty brands such as Sulwhasoo has helped to drive cosmetic firm Amorepacific’s recovery domestically and in overseas markets including China and Europe.
International beauty major L’Oréal has reported a strong rise in sales and net profit for the first half (H1) of 2021, with e-commerce and North America performing particularly well during Q2.
German personal care multinational Beiersdorf believes China’s domestic beauty scene has global export potential, leading it to expand its NIVEA Accelerator program to help develop innovative beauty tech start-ups.
Sephora’s acquisition of British beauty e-commerce major Feelunique and tie-up with German online fashion retailer Zalando are clearly part of a move to capture younger beauty consumers, notably millennials and Gen Z, says an analyst.
Beauty retail major Sephora has confirmed its acquisition of prestige beauty e-commerce player Feelunique, with the deal expected to close between March and July next year.
Personal care major Johnson & Johnson (J&J) has reported a significant surge in net earnings for the second quarter (Q2) of 2021, largely propelled by its medical device and pharma divisions, but consumer health also returned to growth.
Personal care major Unilever has reported a net sales rise for its second quarter (Q2) of 2021, with Europe growth rebounding and prestige beauty seeing continued success.
In this round-up of financial results, M&As and funding drives in the cosmetics industry, we highlight L’Occitane’s full-year results, Unilever’s acquisition of Paula’s Choice and more.
Hong Kong-listed L’Occitane International has credited the growth of its online sales in part to its successful social selling initiatives in markets including South Korea, Europe and the US.
In this round-up of financial results, M&As and funding drives in the cosmetics industry, we highlight the first-quarter results from Shiseido, Kao Corp, L’Occitane and more.
Personal care major Unilever will acquire US-headquartered direct-to-consumer (D2C) premium skin care brand Paula’s Choice, bringing it under its growing prestige portfolio.
Robertet is to acquire Ecom Food Industries in a deal that serves to strengthen the French natural ingredient specialists’ botanically sourced product line for the sports and cosmetic industries.
A deep dive into Kantar Worldpanel 2021 Brand Footprint
Colgate, Lifebuoy and Dove are the most chosen beauty and personal care brands in the world, with a hygiene focus driving growth in an otherwise flat market, according to Kantar Worldpanel’s 2021 Brand Footprint.
International skin care major Beiersdorf has shuffled its leadership team with a CEO succession as it edges into 2021 after reporting an overall sales rise for the first quarter.
Personal care giant Colgate-Palmolive has seen net sales rise for the first quarter (Q1) of 2021, bolstered by a particularly strong surge in APAC, thus continuing its growth trajectory despite ongoing COVID-19-related volatilities.
Kao Corporation is working to reinforce the online presence of its high-end beauty brand SENSAI in key markets such as Japan, China and Europe, in order to strengthen its position in the prestige skin care market.
Japanese beauty major Shiseido has announced that it will partially terminate the exclusive global license with Dolce & Gabbana regarding the product development, manufacturing, distribution and marketing of its beauty products.
Personal care major Unilever has finalised the separation of its smaller beauty and personal care brands, now set to operate under a standalone business ‘Elida Beauty’ where executives will decide next moves for generating growth.
French cosmetics giant L’Oréal sees a bright future for its brands in the Asia Pacific travel retail market, which it believes will become a major driver of its future growth, spurred on by demand from China.
Personal care giant Procter & Gamble (P&G) has reported a net sales rise for its third quarter (Q3) of fiscal 2021, with beauty leading the charge in growth terms.
Personal care major Johnson & Johnson (J&J) has reported a global sales rise for the first quarter of 2021, fuelled by pharmaceuticals and medical devices, but its consumer health division saw overall sales decline despite strength in oral and...
International beauty major L’Oréal has reported a surge in global sales for the first quarter of 2021, though activity in Western Europe remains in decline because of the ongoing impact of the COVID-19 crisis, its CEO says.
Croda International-owned Iberchem Group has signed an agreement to acquire French fragrance house Parfex to strengthen sustainable and natural certified offerings and enhance European market presence.
DSM has today (31 March) agreed to acquire the flavour and fragrance (F&F) business of US-based biotech firm Amyris, extending its portfolio with bio-based ingredients for the flavor and fragrance and cosmetics industries.
CosmeticsDesign editors break down the beauty and personal care acquisitions, product innovations and challenges that have arisen under the pressure of the COVID-19 pandemic.
Prestige beauty major The Estée Lauder Companies will up its investment in mass functional beauty player Deciem, establishing terms for full ownership in three years – a move that will diversify it into the increasingly important masstige market, an expert...
Personal care major Unilever has begun the process of separating out some of its smaller beauty and personal care brands as part of a portfolio reshuffle that will also see potential acquisitions in prestige beauty, according to its CEO.
International beauty major L’Oréal has reported an overall loss in net profit for the full year of 2020, despite a spike in sales for the fourth quarter, most notably in active cosmetics and across China.
Japanese cosmetics major Shiseido Company saw its financial performance continue to dip in the fourth quarter, resulting in a 18.6% decrease in net sales and an 86.9% loss in operating profits for the full year of 2020.
International beauty major Revlon has partnered with MDR Brand Management to create a global brand extension strategy that takes it into new spaces and drives deeper consumer engagement across the EMEA, APAC and Americas.
Personal care major Unilever has reported a net sales drop for the fourth quarter and full year of 2020, though its CEO remains pleased with the company’s resilience and volume-based growth.
Japanese cosmetic giant Shiseido Company has announced the decision to sell its low-cost personal care business to CVC Capital Partners in a deal worth 160 billion yen ($1.5bn) in order to focus on its more high-end cosmetic brands.
Personal care giant Colgate-Palmolive has reported a net sales rise for the fourth quarter and full year of 2020 – growth it says can be continued with the right strategies, particularly around premium innovation.
Personal care major Johnson & Johnson has reported a dip in full-year earnings for 2020 despite a sales lift for the last quarter but says it remains confident in the company’s broad-based strengths moving into 2021.
Personal care giant Procter & Gamble (P&G) has reported a net sales rise for its second quarter (Q2) of fiscal 2021, continuing its upwards trajectory globally despite challenges associated with the ongoing COVID-19 pandemic.
Today, the Tennessee-based specialty surfactants company announced that work has begun on a new manufacturing facility that will make the most of regional localization efforts in and beyond Saudi Arabia.
South East Asian fashion retailer FJ Benjamin Holdings (FJB) has recently expanded into beauty with the addition of cult skin care Dr. Barbara Sturm Molecular Cosmetics to tap into the growing demand for skin care amid COVID-19.
UK e-commerce major The Hut Group has aggressively expanded in recent months, propelling it way ahead of competitors in health and beauty, but it must now deepen its customer base to continue leading in such a crowded market, says GlobalData.
Luxury cosmetic and fragrance markets in the UK, France and Germany have all shown signs of recovery thanks to growth in e-commerce, particularly in prestige perfumes and skin care, finds The NPD Group.
DuPont and IFF have received final regulatory approval from the European Commission for a merger that will create an industry giant valued at more than $45 billion.
Digital marketing and communications agency The Beauty Makers has launched a brand incubator to help build out future innovation-led companies in an increasingly competitive but exciting space, its founding partner says.
![[Amorepacific]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/amorepacific-lg-h-h-and-more-feature-in-our-latest-beauty-business-and-finance-update/12738465-1-eng-GB/Amorepacific-LG-H-H-and-more-feature-in-our-latest-beauty-business-and-finance-update.jpg)
![L’Occitane saw a resurgence in brick-and-mortar retail channels with sales growing. [L'Occitane]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/l-occitane-s-records-brick-and-mortar-recovery-as-online-sales-slide/12733604-1-eng-GB/L-Occitane-s-records-brick-and-mortar-recovery-as-online-sales-slide.jpg)
![Sales and profitability are up for Beiersdorf, with particularly strong growth in China and the US [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-europe.com/headlines/business-financial/beiersdorf-h1-2021-sales-surge-with-climate-sustainability-2030-goals-highlighted/12723840-1-eng-GB/Beiersdorf-H1-2021-sales-surge-with-climate-sustainability-2030-goals-highlighted.jpg)
![The Hut Group will onboard Cult Beauty's 300+ independent and emerging beauty brands by the end of the year, adding to a string of acquisitions in the beauty and healthcare space in recent years [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-europe.com/article/2021/08/09/the-hut-group-acquires-cult-beauty-for-275m-adding-to-its-meteoric-rise-says-mintel/12718170-1-eng-GB/The-Hut-Group-acquires-Cult-Beauty-for-275m-adding-to-its-meteoric-rise-says-Mintel.jpg)
![Q2 net sales rose in all regions, except North America, with a strong spike in Europe, Africa and Eurasia [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-europe.com/article/2021/08/05/colgate-palmolive-q2-2021-net-sales-rise-fast-despite-covid-19-volatility/12712251-1-eng-GB/Colgate-Palmolive-Q2-2021-net-sales-rise-fast-despite-COVID-19-volatility.jpg)
![Innovations in oral care helped fuel strong growth for P&G in Q4 and its full fiscal 2021 year, including the Oral-B iO Power Brush and Crest Whitening Emulsions [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-europe.com/article/2021/08/03/procter-gamble-q4-fiscal-2021-net-sales-rise-with-oral-care-and-beauty-strong/12704045-1-eng-GB/Procter-Gamble-Q4-fiscal-2021-net-sales-rise-with-oral-care-and-beauty-strong.jpg)
![Sulwhasoo has helped to drive cosmetic firm Amorepacific’s recovery. [Sulwhasoo]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/article/2021/08/02/amorepacific-s-covid-19-recovery-driven-by-luxury-division/12694143-1-eng-GB/Amorepacific-s-COVID-19-recovery-driven-by-luxury-division.jpg)
![L'Oréal's Professional Products division which stocks salons worldwide with hair care products performed especially well in Q2 2021 [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-europe.com/article/2021/07/30/l-oreal-h1-2021-sales-and-net-profit-rise-worldwide-with-north-america-and-professional-products-strong/12696052-1-eng-GB/L-Oreal-H1-2021-sales-and-net-profit-rise-worldwide-with-North-America-and-Professional-Products-strong.jpg)
![Beiersdorf believes China’s domestic beauty scene has global export potential. [NX]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/market-trends/nx-china-beiersdorf-believes-china-s-indie-brands-hold-greater-potential-in-the-global-market/12618286-1-eng-GB/NX-China-Beiersdorf-believes-China-s-indie-brands-hold-greater-potential-in-the-global-market.jpg)
![Sephora recently confirmed its acquisition of Feelunique and announced a tie-up with German fashion e-tailer Zalando - two moves set to stretch its online reach and engagement with younger beauty consumers [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-europe.com/headlines/market-trends/sephora-feelunique-acquisition-and-zalando-tie-up-clearly-targets-millennial-gen-z-online-beauty-consumers/12685233-1-eng-GB/Sephora-Feelunique-acquisition-and-Zalando-tie-up-clearly-targets-millennial-Gen-Z-online-beauty-consumers.jpg)
![Sephora will gain access to the UK market via the acquisition to tap into the 'strong appetite' for curated prestige beauty amongst consumers [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-europe.com/article/2021/07/23/sephora-confirms-acquisition-of-feelunique-stating-uk-prestige-beauty-promise-a-key-driver/12673810-1-eng-GB/Sephora-confirms-acquisition-of-Feelunique-stating-UK-prestige-beauty-promise-a-key-driver.jpg)
![Within the company's consumer health division, the skin health beauty franchise had performed particularly well along with baby care [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-europe.com/headlines/business-financial/johnson-johnson-q2-2021-net-earnings-surge-with-consumer-health-back-to-growth/12669707-1-eng-GB/Johnson-Johnson-Q2-2021-net-earnings-surge-with-consumer-health-back-to-growth.jpg)
![Skin care performed particularly well, with especially strong growth seen in Unilever's prestige beauty division [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-europe.com/article/2021/07/22/unilever-q2-2021-net-sales-rise-h1-results-sit-strong-particularly-in-prestige-beauty/12668871-1-eng-GB/Unilever-Q2-2021-net-sales-rise-H1-results-sit-strong-particularly-in-prestige-beauty.jpg)
![[Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/financial-focus-l-occitane-unilever-and-more-feature-in-our-latest-beauty-business-and-finance-update/12656280-1-eng-GB/Financial-focus-L-Occitane-Unilever-and-more-feature-in-our-latest-beauty-business-and-finance-update.jpg)
![L’Occitane credited the growth of its online sales in part to its successful social selling initiatives. [L’Occitane International]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/l-occitane-online-sales-grow-69-thanks-to-social-selling-initiatives/12600820-1-eng-GB/L-Occitane-online-sales-grow-69-thanks-to-social-selling-initiatives.jpg)
![Our updates on financial results, M&As and funding drives in the cosmetics industry. [L'Occitane]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/shiseido-kao-l-occitane-and-more-feature-in-our-latest-beauty-business-and-finance-update/12569556-1-eng-GB/Shiseido-Kao-L-Occitane-and-more-feature-in-our-latest-beauty-business-and-finance-update.jpg)
![US-headquartered Paula's Choice has a large range of skin care products, including face cleansers, exfoliants, serums and retinol treatments, available across its global D2C network and select prestige retail outlets [Image: Unilever/Paula's Choice]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-europe.com/article/2021/06/15/unilever-to-acquire-paula-s-choice-from-ta-associates-under-prestige-beauty-division/12566251-1-eng-GB/Unilever-to-acquire-Paula-s-Choice-from-TA-Associates-under-prestige-beauty-division.jpg)
![Lifebuoy and Dettol - two personal care brands heavily focused on hygiene - were the fastest-growing in the world during the period [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-europe.com/article/2021/05/24/top-50-beauty-brands-2021-from-kantar-worldpanel-brand-footprint-show-colgate-lifebuoy-and-dove-most-chosen/12505282-1-eng-GB/Top-50-beauty-brands-2021-from-Kantar-Worldpanel-Brand-Footprint-show-Colgate-Lifebuoy-and-Dove-most-chosen.jpg)
![China now L’Occitane’s largest market in FY2021. [L'Occitane Intl]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/l-occitane-q4-results-china-now-firm-s-largest-market-after-sales-surge-by-60/12419211-1-eng-GB/L-Occitane-Q4-results-China-now-firm-s-largest-market-after-sales-surge-by-60.jpg)
![SENSAI working to reinforce its online presence in key markets. [SENSAI]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/kao-corp-aiming-to-strengthen-super-prestige-brand-sensai-in-key-markets/12391279-1-eng-GB/Kao-Corp-aiming-to-strengthen-super-prestige-brand-SENSAI-in-key-markets.jpg)
![Shiseido will partially terminate the exclusive global license with Dolce & Gabbana. [Dolce & Gabbana]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/shiseido-partially-terminates-global-license-with-d-g-to-focus-on-2023-targets/12407092-1-eng-GB/Shiseido-partially-terminates-global-license-with-D-G-to-focus-on-2023-targets.jpg)
![L’Oréal sees a bright future for its brands in the Asia Pacific travel retail market. [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/l-oreal-banking-on-apac-travel-retail-opportunities-to-drive-big-growth-for-the-group/12391379-1-eng-GB/L-Oreal-banking-on-APAC-travel-retail-opportunities-to-drive-big-growth-for-the-group.jpg)
![Shiseido saw its financial performance continue to dip in the fourth quarter. [Shiseido]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/shiseido-reports-net-sales-declines-in-q4-and-2020-against-tough-covid-19-conditions/12178099-1-eng-GB/Shiseido-reports-net-sales-declines-in-Q4-and-2020-against-tough-COVID-19-conditions.jpg)
![Shiseido has announced the decision to sell its low-cost personal care business for $1.5bn. [Shiseido/Senka]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/article/2021/02/04/shiseido-sells-off-personal-care-division-for-1.5bn-to-focus-on-high-end-skin-care/12160915-2-eng-GB/Shiseido-sells-off-personal-care-division-for-1.5bn-to-focus-on-high-end-skin-care.jpg)
![FJB recently expanded into beauty to tap into the growing demand for skin care amid COVID-19. [Dr. Barbara Sturm]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/article/2021/01/19/fashion-retailer-fjb-bets-on-skin-care-brand-dr.-barbara-sturm-in-effort-to-diversify-business/12074370-1-eng-GB/Fashion-retailer-FJB-bets-on-skin-care-brand-Dr.-Barbara-Sturm-in-effort-to-diversify-business.jpg)
