Cosmetics Compact

Cosmetics Compact: The stories behind the financial results…

By Andrew MCDOUGALL contact

- Last updated on GMT

Related tags: Procter & gamble, A great way to care, Coty

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 of the highlights of the last few weeks.

In this edition we take a slightly different approach as, given the financial reports that have been released at this time of year, rather than just giving you the numbers, we thought we would take a look at some of the other snippets we gleaned from a few of the big players in these results announcements.

We will start with L’Oreal who posted optimistic results, but amidst all the figures, there was also a declaration of how important the French firm views the digital arena and in particular what it calls the ‘digital revolution’​, which it aims to come out of on top.

Stepping away from digital, and another key area of focus for Unilever, if you hadn’t guessed given all the action earlier in the year, is the prestige skin care market, with CEO Paul Polman saying the company will be a major player right away in this segment​.

Another company that has been involved in the M&A sphere is Procter & Gamble after it divested its beauty brand to Coty in a deal valued at $12.5bn.

The company’s current CEO, Alan Lafley, admits the company was clearly over-extended, particularly in Beauty, but with the refocus now ‘essentially done’ it will become a simpler business​ to create value from.

Over to the other half of the P&G beauty brands deal, and Coty saw results beat expectations but saw its fragrance business face challenges, particularly in celebrity lines and Coty Chairman and interim CEO Bart Becht suggests this segment may have seen its hay day and is now in decline​.

And finally, stepping away from the financial results to news that could excite those Cosmetics/ Star Wars fans out there, as Disney subsidiary Lucasfilm has selected Max Factor and CoverGirl as two of the seven global brands to launch promotional campaigns​ for the film ahead of its release in December. The force seems strong with this one…

As usual, for any feedback, further discussion, or just a nice chat, please get in touch using the normal methods, or using Twitter​ and Facebook​ .

Related topics: Business & Financial

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