For the first six months of 2023, the French beauty multinational posted a net profit of €3.36bn, up by 4% year on year with growth from both volume and value sales.
Despite a slowdown in growth for LVMH Group, the Perfumes & Cosmetics division was still up 13% thanks to a "highly selective and high-quality distribution policy"
In this round-up of the business and financial updates in the APAC cosmetics industry, we highlight Dear Dahlia’s Middle East expansion, trends within the recovering travel retail market and more.
In this round-up of financial results, M&As and funding drives in the cosmetics industry, we highlight the reasons behind Amorepacific’s stake in COSRX, L’Occitane Q2 sales rebound and more.
In this round-up of financial results, M&As and funding drives in the cosmetics industry, we highlight L’Occitane’s full-year results, Unilever’s acquisition of Paula’s Choice and more.
Hong Kong-listed L’Occitane International has credited the growth of its online sales in part to its successful social selling initiatives in markets including South Korea, Europe and the US.
In this round-up of financial results, M&As and funding drives in the cosmetics industry, we highlight the first-quarter results from Shiseido, Kao Corp, L’Occitane and more.
Japanese cosmetic giant Shiseido Company has announced the decision to sell its low-cost personal care business to CVC Capital Partners in a deal worth 160 billion yen ($1.5bn) in order to focus on its more high-end cosmetic brands.
B2B prestige cosmetics platform Aqiok has secured a multi-year financing agreement to develop a lending app for smaller prestige beauty brands in Europe and North America.
The iconic beauty subscription box company recently raised significant new financing and is looking to turn its cosmetics and personal care business around in the near future.
Swedish manufacturer Oriflame Cosmetics has signed a new €110m Revolving Credit Facility replacing the existing €330m facility, and has adjusted its reduced debt levels accordingly.
The European Union has announced that funding worth €7.75 million will be given to 155 small and medium-sized enterprises from 21 countries, including Israel and Turkey, for innovation studies.
German scents and flavours group Symrise is now all set to buy France's Diana Group, having successfully issued a bond, whose €500 million value as part of a ‘comprehensive financing concept’ means the company’s finances are now in shape for the...
Avon Products, which is facing the problem of sliding sales and mounting debts, is said to be planning a three-part bond offering in an attempt to refinance the debt.
Fragrance and flavour provider Symrise has successfully concluded its refinancing plan by obtaining a revolving credit facility with a volume of €300 million.
France-based Louise Enterprises has secured further credit of €3 million to help expand its perfume on a stick concept in both the domestic and international markets.
UK-based Body Shop has upped its expectations for the coming
financial year on the back of full-year results revealing a trading
come-back. Growth had come on a global basis thanks to a successful
investment programme to enhance the...
Revlon's shares dropped as much as 8.6 per cent before recovering
slightly, Friday, as the cosmetics company's financial makeover
plans faltered after its debt offer was cancelled due to
"unfavourable market conditions".
French cosmetic ingredients supplier Rhodia has reached an
agreement with its creditors to refinance its debt burden, giving
the company breathing space to continue its restructuring
operations.
![Business and financial updates in the APAC cosmetics industry. [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/financial-focus-most-read-news-on-business-and-financial-updates-in-apac-beauty/15531641-1-eng-GB/Financial-focus-Most-read-news-on-business-and-financial-updates-in-APAC-beauty.jpg)
![A round-up of financial results, M&As and funding drives in the cosmetics industry. [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/financial-focus-shiseido-estee-lauder-and-more-feature-in-our-latest-beauty-business-and-finance-update2/13064429-1-eng-GB/Financial-focus-Shiseido-Estee-Lauder-and-more-feature-in-our-latest-beauty-business-and-finance-update.jpg)
![[Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/amorepacific-l-occitane-and-more-feature-in-our-latest-beauty-business-and-finance-update/12995992-1-eng-GB/Amorepacific-L-Occitane-and-more-feature-in-our-latest-beauty-business-and-finance-update.jpg)
![[Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/financial-focus-l-occitane-unilever-and-more-feature-in-our-latest-beauty-business-and-finance-update/12656280-1-eng-GB/Financial-focus-L-Occitane-Unilever-and-more-feature-in-our-latest-beauty-business-and-finance-update.jpg)
![L’Occitane credited the growth of its online sales in part to its successful social selling initiatives. [L’Occitane International]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/l-occitane-online-sales-grow-69-thanks-to-social-selling-initiatives/12600820-1-eng-GB/L-Occitane-online-sales-grow-69-thanks-to-social-selling-initiatives.jpg)
![Our updates on financial results, M&As and funding drives in the cosmetics industry. [L'Occitane]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/shiseido-kao-l-occitane-and-more-feature-in-our-latest-beauty-business-and-finance-update/12569556-1-eng-GB/Shiseido-Kao-L-Occitane-and-more-feature-in-our-latest-beauty-business-and-finance-update.jpg)
![China now L’Occitane’s largest market in FY2021. [L'Occitane Intl]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/l-occitane-q4-results-china-now-firm-s-largest-market-after-sales-surge-by-60/12419211-1-eng-GB/L-Occitane-Q4-results-China-now-firm-s-largest-market-after-sales-surge-by-60.jpg)
![Shiseido has announced the decision to sell its low-cost personal care business for $1.5bn. [Shiseido/Senka]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/article/2021/02/04/shiseido-sells-off-personal-care-division-for-1.5bn-to-focus-on-high-end-skin-care/12160915-2-eng-GB/Shiseido-sells-off-personal-care-division-for-1.5bn-to-focus-on-high-end-skin-care.jpg)
