The global luxury goods market will shrink dramatically in the face of the ongoing coronavirus (COVID-19) crisis, with significant downgrades expected in Switzerland, Germany, Italy and France, says Euromonitor International.
L’Occitane International is looking to boost development in the hand care category to keep up with demands generated by the novel coronavirus (COVID-19) outbreak.
The merger between International Flavors & Fragrances and DuPont Nutrition and Biosciences will be carved into four divisions, with ‘scent’ the most important for the beauty world.
International skin care major Beiersdorf has reported a sales dip for the first quarter of 2020 amid the ongoing coronavirus (COVID-19) pandemic, with European business and the La Prairie brand especially hard-hit.
ANJAC Health & Beauty will buy fellow French personal care contract manufacturer Roval Cosmétiques in a move set to strengthen its presence in France’s health and beauty category.
Unilever has reported flat sales for the first quarter of 2020 and withdrawn its full-year outlook amid the ongoing coronavirus crisis, though beauty and personal care turnover rose by almost 2%.
Procter & Gamble (P&G) has reported a sales rise for its fiscal 2020 third quarter, buoyed by home and healthcare divisions, but net sales in beauty shrank due to a poor SK-II performance linked to travel retail closures.
Personal care major Johnson & Johnson has lowered its 2020 guidance to reflect the impact of the ongoing coronavirus (COVID-19) crisis, despite a strong net income surge for the first quarter.
L’Oréal has finalised its acquisition of the Clarins Group fragrance division, which includes Mugler and Azzaro – part of a wider push into perfume it says will be important for growth.
L’Oréal has pushed back its annual general meeting and suspended 2020 guidance as it braces for a more significant impact on business than first anticipated from the ongoing coronavirus crisis.
Swiss fragrance major Firmenich will acquire Les Dérives Résiniques et Terpéniques (DRT) as part of a move to further strengthen its renewable and sustainable perfumery portfolio.
Canadian beauty manufacturer KDC/ONE has snapped up another European firm on its acquisition trail, announcing the buy-out of Italian-headquartered air freshener specialist Zobele Group.
The contract research and testing lab venture, based in the Southwestern US, is now part of the multinational inspection, verification, testing, and certification company SGS.
Indie beauty brands act fast, taking opportunities in spite of risk, and this gives them the edge over corporations tied down by committee structures, says the CEO of the British Beauty Council.
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