Cosmetics Compact

Cosmetics Compact: Discussing deals, media scares, EU market recovery and fines

By Andrew MCDOUGALL contact

- Last updated on GMT

Related tags: Cosmetics industry.cosmetics compact, European union, A great way to care, Skin

The Cosmetics Compact is your compact source of the latest new headlines from the last few weeks, taking a glance at what has been happening in the cosmetics industry.

Whether in your lunch break, on your commute, or proudly displayed in your office, the compact is a great way to catch up on some the highlights of the last few weeks.

In this edition we throw light on the deals that have made headlines in the last couple of weeks, as it looks like Coty is the chosen company to acquire P&G’s divested beauty brands​, mainly in colour cosmetics and fragrance.

A deal that has also been done in the last few days sees Unilever acquire professional skin care brand Dermalogica​, as it looks to dominate the skin health arena.

In other news, French firm Dior has teamed up with AmorePacific to create branded Cushion Compacts​ following the product’s success in the Asian market.

It also look like the European cosmetics market is on the road to recovery, according to trade association Cosmetics Europe, who made the announcement at its General Assembly​ last week.

In a bid to calm the situation down before it escalated, and following an announcement that using sunscreens could damage male fertility, the CTPA moved fast to explain the claims had no foundation​ and that cosmetics products used in Europe are safe.

There has also been more news coming out of Coty than just about bids, after the expected new CEO, Elio Leoni Sceti, ‘reconsidered’ and decided not to take up the role​.

And finally, the Belgian Competition Authority announced its decision to fine 18 companies a total of €174 million​ for their involvement in a price fixing saga that took place between 2002 and 2007.

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Related topics: Market Trends

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