Our most-read stories in Europe in July
Sol de Janeiro & ELEMIS drive L’Occitane growth amid buyout rumours
The two skincare brands saw strong financial results in the first half of 2023, with Sol de Janeiro’s sales at €113m, up 171%, and ELEMIS at €48.4m, up by 23.4%.
European Commission shares action plan to phase out animal testing
The European Commission has responded to a European Citizens' Initiative (ECI) petition ‘Save Cruelty-free Cosmetics' by outlining a roadmap to help further reduce animal testing. However, many animal protection charities and beauty brands say it doesn't go far enough.
Beiersdorf & DKFZ join forces to “interfere in skin’s epigenetics” to help prevent skin cancer
The multinational is collaborating with the German Cancer Research Centre (DKFZ) in a €4.8m research facility to find a way to prevent the skin disease.
The lab, which is based in Heidelberg, will be used for collaborative research over the next four years. Together, the two organisations will invest a total of €4.8m into the project – with an annual contribution of €600,000 each.
Better regulatory processes needed for safe, sustainable use of nanomaterials in sunscreen: Expert review
Researchers in Europe and the Americas conducted a review of the particularities of nanomaterials, their influence on human health, challenges with environmental sustainability, and strategies to integrate policies with the aim of normalising their application in cosmetics.
While they identified that using nanomaterials had notable benefits in products like sunscreen, they also said there is a need for standardised regulatory processes to make use safe and sustainable.
LVMH Perfume & Cosmetics growth driven by Sephora & Christian Dior
The French luxury goods group recorded revenue of €42.2bn for its 2023 half-year results, which was up by 15% on the same period in 2022, but down from the growth recorded in Q1.
Christian Dior performed extremely well and the company said it was “strengthening its leadership in its strategic markets”. Sephora also had a strong performance and continued to gain market share.
