Financial focus

Unilever reports Q3 ‘21 net sales rise but cost inflation woes continue

21-Oct-2021 By Kacey Culliney

Personal care major Unilever has reported a net sales rise for its third quarter (Q3) of 2021, with strong growth in the Americas and across its prestige beauty division, but the future will prove challenging as price inflation continues.

Price hikes to come: P&G Q1 ‘22 net sales rise but ‘challenging’ costs hit profits

20-Oct-2021 By Kacey Culliney

Personal care giant Procter & Gamble (P&G) has reported a net sales rise for the first quarter (Q1) of fiscal 2022, though profits suffered due to a challenging cost environment – an ongoing issue it plans to overcome with price hikes.

Kaffe Bueno awarded €2.5m European Innovation Council grant

15-Oct-2021 By Kacey Culliney

Upcycled coffee startup Kaffe Bueno has been awarded a European Innovation Council (EIC) grant that it plans to use to build a coffee biorefinery and scale-up its active ingredient offering.

Catrice Cosmetics ending ULTA partnership to focus on DTC & Amazon in 2022

14-Oct-2021

European color cosmetics brand Catrice Cosmetics has announced a shake-up to its retail strategy for 2022, with the company focusing on making it products available only through its own website and via Amazon.

Biotech startup Sequential Skin raises €1.4m – ‘We want to accelerate the future of skin health,’ says CEO

11-Oct-2021 By Kacey Culliney

UK-Singapore headquartered biotech startup Sequential Skin has secured more funding in its latest seed round that it plans to use for global expansion of its at-home skin diagnostics patch, in both a B2B and D2C capacity, its CEO says.

Prestige heritage: LVMH acquires ‘unique’ French brand Buly 1803

06-Oct-2021 By Kacey Culliney

The LVMH Group has acquired French fragrance and cosmetics company Officine Universelle Buly 1803, citing the strong philosophy match would see global growth flourish.

Overseas debut: Japan’s Athletia landing in UK this October to start European expansion push

20-Sep-2021 By Amanda Lim

Skin care and lifestyle brand Athletia is set to make its international debut this October in the UK, where it hopes to orchestrate future European expansion plans within the next three years.

Shiseido shedding assets: Why focus on high-end skin care will strengthen company’s long-term position – Experts

31-Aug-2021 By Amanda Lim

Japanese beauty group Shiseido’s decision to sell off three more brands in bid to focus on high-end skin care as its core category was a ‘no-brainer’, with beauty experts saying it was a smart decision to strengthen the company’s position in uncertain...

‘Very optimistic’: Estée Lauder CEO expecting double-digit growth for China in 2022

30-Aug-2021 By Amanda Lim

Estée Lauder Companies CEO has remarked on the strength of China’s beauty market, and said he was expecting it to grow by double-digits next year on the back of the acceleration of its online business.

APAC acceleration: Luxury brand Rituals outlines plans to expand footprint with strong focus on China

26-Aug-2021 By Amanda Lim

Rituals Cosmetics is working to grow its presence in Asia Pacific, especially in China, after being delayed by the COVID-19 pandemic.

A ‘valuable’ naturals strategy: Clariant acquires remaining 70% of Beraca

24-Aug-2021 By Cosmetics Design

Swiss specialty chemical major Clariant announced Monday it has assumed full ownership of Brazilian personal care company Beraca.

Beauty on-demand: Walgreens Boots Alliance partners with Deliveroo in UK

24-Aug-2021 By Kacey Culliney

Retail major Walgreens Boots Alliance has partnered with app-based food delivery firm Deliveroo in the UK for a pilot scheme offering home deliveries of 400+ health and beauty items in select regions.

Beautiful bounce back? Online to fuel 50% of global health and beauty sales growth by 2026

24-Aug-2021 By Kacey Culliney

E-commerce will continue its insatiable rise over the next five years in beauty, with pureplay online retailers like Alibaba, Amazon and JD.com set to bolster significant growth and brand-retailer collaborations to prove key, says an expert.

Financial focus: Amorepacific, LG H&H and more feature in our latest beauty business and finance update

17-Aug-2021 By Amanda Lim

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.

Channel shift: L’Occitane’s records brick-and-mortar recovery as online sales slide

16-Aug-2021 By Amanda Lim

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...