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Business & Financial

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Could private equity spell the start of Avon’s turnaround?

23-Jan-2015 - A report that executives from Avon Products are in talks with private equity firm TPG Capital sent shares in the company sharply rising yesterday.

P&G shakes up exec board in drive to boost personal care sales

22-Jan-2015 - Procter & Gamble has announced an executive reshuffle that may line up David Taylor to take over from A.G. Lafley in the CEO role, while targeting business realignment focused on...

Global market for fragrance ingredients set for strong growth from naturals trend

21-Jan-2015 - The global market for fragrance ingredients is set for strong annual growth rates, with growth mainly driven by demand for natural-based fragrances.

Unilever sales hit by slump in China market

21-Jan-2015 - Unilever says that its performance in emerging markets, and specifically China, led to a decline in revenues for the current quarter, although profits were up for the Anglo-Dutch consumer giant.

Mary Kay announces sales growth at leadership conference

20-Jan-2015 - The direct sales beauty brand recognizes and trains its top consultants at an annual event, and this year the company has business gains to celebrate as well.

Fenchem expands into South America

20-Jan-2015 - China-based ingredients manufacturer Fenchem has announced its expansion into the South America market with the establishment of a new office in St. Pauls, Brazil.

Givaudan furthers patchouli collection network

20-Jan-2015 - Teams on the ground in Indonesia and Malaysia will allow the fragrance and flavour company closer oversight of the farming and harvesting end of its ingredient supply chain.

P&G sues former employees over confidential Gillette information

19-Jan-2015 - Proctor & Gamble has filed a lawsuit in the name of its subsidiary Gillette, alleging that four former employees wrongfully used and disclosed confidential information about Gillette’s trade secrets.

Naturex invests in Chile operations to increase production of quillaia

16-Jan-2015 - France-based natural ingredients player Naturex has invested in the expansion of its production facility in Chile in an effort to increase the processing of quillaia extract.

Beiersdorf sees continued sales growth for 2014 in tough times

15-Jan-2015 - Nivea skin care maker Beiersdorf has, like many, experienced a tough time in a tough financial climate, but it has still continued its profitable growth plan having seen growth in 2014.

Moroccanoil and Marc Anthony drop legal battle over argan oil

14-Jan-2015 - The Moroccanoil Group of companies and hair care specialist Marc Anthony Cosmetics say they have resolved their dispute over argan oil.

Avon Canada eliminates ‘majority’ of jobs at Pointe-Claire Distribution Center

13-Jan-2015 - Avon Canada has announced that it will eliminate most of the jobs at its distribution center in Pointe-Claire, Quebec, as part of its plans to reduce costs and remain competitive.

P&G awards top performing global suppliers

13-Jan-2015 - Procter & Gamble has recognized its seven top performing external business partners as part of its annual Partner of the Year award, as well as giving the nod to two...

Unilever’s £200 million investment welcomed by David Cameron and George Osbourne

13-Jan-2015 - Unilever’s new TRESemme and Radox factory due to open later this year as part of the company’s £200 million investment programme was visited by UK Prime Minister David Cameron and...

MWV splits up its packaging and specialty chemicals businesses

12-Jan-2015 - MeadWestvaco (MWV), a leading player in personal care packaging, says it will move ahead with plans to divide its packaging business up from its specialty chemicals operations.

New Year, new hope as TTIP plans to bring EU-US cosmetics more in-line

09-Jan-2015 - The European Commission published new texts setting out EU proposals for legal text in the Transatlantic Trade and Investment Partnership (TTIP) it is negotiating with the US, with a new...

Beauty products manufacturer KDC acquires ChemAid Laboratories

08-Jan-2015 - The Knowlton Development Corporation has augmented its formulating and manufacturing capacity by acquiring ChemAid, which produces skin care, hair care, as well as bath and body treatments.

Personal care provider Paris Presents changes private equity hands

08-Jan-2015 - Beauty and bath products manufacturer Paris Presents has been sold by Mason Wells and passes into the hands of another private equity company, Wassertein & Co.

Avon facing investigation over retirement benefits

07-Jan-2015 - Avon Products is to be investigated over alleged violations for its employee retirement benefits, law practice Stull, Stull & Brody announced yesterday.

Avon shares fall on analysts’ downgrade

07-Jan-2015 - Avon Products stocks have hit a 52-week low following less than favorable outlooks by a number of leading analysts covering the beauty industry.

Israeli biotechnology firm, Kamedis seeks Chinese dermo-cosmetic players

07-Jan-2015 - The Israeli biotechnology company set up by three traditional Chinese medicine practitioners is now set to target China's skin care market.

Endangered natural fragrance ingredient oud saved by investment capital

06-Jan-2015 - A group of associated companies that specialise in agricultural investment projects have plans to further invest in the supply chain of oud and its source—the endangered Agarwood tree.

Walgreens and Alliance Boots move closer to merger

06-Jan-2015 - Walgreens and Alliance Boots say they have moved to the second and final step in the process to form a global strategic partnership that will rename the business Walgreens Boots...

Ex-Revlon exec sues, claiming discrimination 'for being Jewish'

05-Jan-2015 - Former Revlon chief scientific officer Alan Meyers has sued the brand, claiming he was fired after raising safety concerns that the chief executive did not want to hear, and was discriminated against...

Estée Lauder acquires US facial masks player Glamglow

05-Jan-2015 - Estée Lauder Companies is to acquire California-based skin care player Glamglow in a deal that is expected to close at the end of this month.

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