International beauty major L’Oréal has announced a series of changes at its helm for next year, including the succession of its current CEO and creation of a new business division merging research, innovation and technologies.
The ongoing COVID-19 crisis has hit French cosmetics firms hard, with very few experiencing growth opportunities and many looking for additional support moving forward, according to market analysis conducted by The French Cosmetics Association for SMEs...
Korean skin care and tech start-up LYCL Inc. has outlined strategic plans to advance its expansion beyond its home market and into new product categories following a fresh injection of funding from Beiersdorf and other investors.
With sales down nearly 40% year-over-year, the perfume manufacturer updated its 2020 financial guidance this month and shared insight into the company’s holiday expectations and ambitious plans for 2021.
The UK cosmetics and toiletries sector will see a €1.8bn (£1.7bn) value decline in 2020, after a tough year largely defined by the ongoing coronavirus (COVID-19) crisis. But growth will return in 2021 with the right investments, says GlobalData.