News & Analysis on Cosmetics Innovation
A big rise in second quarter sales comes off the back of significant growth in the company’s celebrity endorsed fragrances sales worldwide, but the performance still came in below expectations, forcing the company to lower its outlook.
Luxury consumer goods provider Art & Fragrance has acquired a filling and logistics facility, based in Ury, France, having bought all shares in the family business Cosmetics Perfumes Services (CPS).
The modern man is concerned with his appearance and is increasingly aware of the benefits associated with a proper beauty regime and this, in turn, is driving the growth of the global men’s grooming market.
According to a recent KPMG market report, an increasing number of middle class Chinese consumers are buying luxury cosmetics outside of the mainland.
Dutch distributor Univar has extended its services in the personal care market to the Middle East with the opening of a new laboratory in Dubai.
This week the Finnish Safety and Chemicals Agency (Tukes) announced that twenty cosmetics products were recalled from the market in late 2012 due to their chemical content.