News & Analysis on Cosmetics Innovation
The second round of bids for Japanese household and cosmetics group Kanebo were submitted yesterday by ten Japanese and foreign groups of companies, many of which have made joint offers for the JPY400 billion (€2.95bn) company.
American direct marketer Nu Skin is setting up operations in Russia at the beginning of next year, and has tapped one of its most successful European executives to lead the new venture.
Private label cosmetics are growing at a rapid pace, increasing their share of the global marketplace and eating into the market share of brands according to ACNielsen.