Sephora’s acquisition of British beauty e-commerce major Feelunique and tie-up with German online fashion retailer Zalando are clearly part of a move to capture younger beauty consumers, notably millennials and Gen Z, says an analyst.
Personal care major Unilever has finalised the separation of its smaller beauty and personal care brands, now set to operate under a standalone business ‘Elida Beauty’ where executives will decide next moves for generating growth.
A round-up of CosmeticsDesign-Europe’s most-read news from February 2021 shows interest in Unilever’s beauty divestiture plans, the CosIng listing of natural whole-hemp CBD and research into sustainability and active skin care trends amidst COVID-19.
Personal care major Unilever has begun the process of separating out some of its smaller beauty and personal care brands as part of a portfolio reshuffle that will also see potential acquisitions in prestige beauty, according to its CEO.
Specialty chemicals major Croda International is set to acquire Spanish fragrance and flavour firm Iberchem in a multi-million-euro deal that creates a full-service offering for beauty and personal care manufacturers.
The merger between International Flavors & Fragrances and DuPont Nutrition and Biosciences creates a monopoly in fragrances that will shake-up global supplies for beauty and personal care, says Euromonitor International.