Financial focus

Masstige move? Estée Lauder to acquire Deciem in two-part deal

23-Feb-2021 By Kacey Culliney

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...

‘Portfolio evolution’: Unilever to divest select beauty and personal care brands

17-Feb-2021 By Kacey Culliney

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.

L’Oréal reports 5% net profit drop for 2020 despite strong Q4 and ‘record year’ in actives

12-Feb-2021 By Kacey Culliney

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.

Shiseido’s struggles: Japanese giant reports net sales declines in Q4 and 2020 against tough COVID-19 conditions

10-Feb-2021 By Amanda Lim

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.

Beauty boost? Revlon eyes global brand extensions ‘for significant long-term revenue’ via MDR Brand Management

08-Feb-2021 By Kacey Culliney

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.

A ‘volatile and unpredictable’ year: Unilever Q4 and 2020 net sales dip

05-Feb-2021 By Kacey Culliney

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.

‘Prestige first’: Shiseido sells off personal care division for $1.5bn to focus on high-end skin care

04-Feb-2021 By Amanda Lim

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.

Colgate-Palmolive reports Q4 net sales rise: ‘We finished 2020 in very strong fashion’, says exec

02-Feb-2021 By Kacey Culliney

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.

Johnson & Johnson 2020 net income dips but CFO ‘confident’ in company strengths for 2021

27-Jan-2021 By Kacey Culliney

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.

P&G ‘optimistic’ for post-COVID future as net sales continue to rise

25-Jan-2021 By Kacey Culliney

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.

Construction begins on Colonial Chemical M.E. Arabia

20-Jan-2021 By Deanna Utroske

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.

A beauty first: Fashion retailer FJB bets on skin care brand Dr. Barbara Sturm in effort to diversify business

19-Jan-2021 By Amanda Lim

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.

The Hut Group needs own-brand and premium beauty edge to stay ‘ahead of rivals’: GlobalData

14-Jan-2021 By Kacey Culliney

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.

Unilever brings in Jason Goldberger as CEO of Dollar Shave Club

13-Jan-2021 By Deanna Utroske

On Monday, the consumer goods company announced Goldberger as the new CEO of the popular men’s grooming and lifestyle brand.

Prestige beauty in UK, France and Germany shows ‘signs of recovery’, says NPD Group

07-Jan-2021 By Kacey Culliney

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.