Breaking News on Cosmetics Formulation & Packaging in North AmericaEU edition

Headlines > Business & Financial

Croda results show profits up on rising demand for consumer

22-Feb-2012 - The fine chemicals player’s results showed that the biggest gains came from its consumer care division, where double digit sales increases were seen during the course of the financial year.

J&J CEO steps down

22-Feb-2012 - Johnson & Johnson CEO Bill Weldon has announced his retirement and will be succeeded by Alex Gorsky at a time of mixed fortunes for the company.

US sales down as Q4 profits plummet at Revlon

20-Feb-2012 - Cosmetic manufacturer Revlon saw its fourth quarter and full year profits plummet as it saw sales dry up in the US and Europe, with China as its only saving grace.

Avon attempts to smooth over cracks with China chief

20-Feb-2012 - Avon Products has appointed a new head for its China operations, a move that aims to smooth over the heavy burden of ongoing bribery investigations and poor financial results.

Proposed budget calls for cosmetic manufacturers to pay annual fee to the FDA

20-Feb-2012 - In a budget proposal set for the 1st October 2012 to 30 September 2013, the US Food and Drugs Administration have proposed new legislation for domestic and foreign cosmetic manufacturers to pay an annual registration fee to support its “cosmetic safety and other cosmetic responsibilities.”

News in brief

L’Oréal chief to hand back stock-options

20-Feb-2012 - L’Oréal CEO Jean-Paul Agon has announced that he will hand back half the stock-options he received in 2010 and that the French firm will stop using them altogether.

L’Oréal eyes digital media to connect closer to consumers

17-Feb-2012 - Cosmetics giant L’Oréal is ramping up its presence in digital media in order to develop closer consumer relationships, following a strong performance in 2011.

Is Avon in trouble? Decisions deferred and job cuts planned as Q4 results dip

16-Feb-2012 - Amidst poor financial results and allegations of bribery, cosmetics company Avon is deferring strategic decisions, focusing on the short term and planning job cuts as it enters a transition period, according to outgoing CEO Andrea Jung.

Skin care stays solid as J&J posts Q4 increase

16-Feb-2012 - Johnson and Johnson’s skin care business has continued its solid performance posting solid results and contributing to fourth quarter sales, reported in the company’s results.

End of an era as Bettencourt steps down at L’Oréal

16-Feb-2012 - The richest woman in France and heiress of cosmetics giant L’Oréal, Liliane Bettencourt, 89, has ended her tenure as Board Director, and will be replaced by her grandson.

Avon remains tight-lipped as evidence is presented at ongoing bribery investigation

15-Feb-2012 - Global cosmetics firm Avon remains tight-lipped as federal prosecutors investigating whether U.S. executives at the company broke foreign-bribery laws present evidence in the probe to a grand jury.

Emerging market demand drives revenue growth for L’Oréal

15-Feb-2012 - Cosmetics giant L’Oréal is eyeing emerging markets to increase revenue and profits in 2012 following the announcement of strong 2011 results.

Avon posts a net loss on the back of falling Q4 sales

14-Feb-2012 - Avon Product’s fourth quarter sales take a significant dive as it continues to be impacted by operational issues in Brazil and economic challenges in the developed markets.

Air products acquires actives player ROVI Cosmetics

14-Feb-2012 - Specialty gases and performance materials provider Air Products has expanded its capabilities into the personal care area with the acquisition of ROVI Cosmetics.

New fragrance launch boosts Elizabeth Arden but White Diamonds still the master

10-Feb-2012 - A combination of a successful new launch and the continued strong performance of an old favorite helped Elizabeth Arden outperform the prestige fragrance market in what has generally been seen as a tough time for industry.

News in brief

Botaneco secures Brazil ingredients distribution deal

09-Feb-2012 - Canada-based natural ingredients company Botaneco has signed a distribution agreement with Brazil-based Dinaco in a bid to expand its presence in the cosmetics and personal care market there.

IFF fourth quarter results show declining fragrance sales

09-Feb-2012 - Although fragrance and flavor ingredient company IFF’s fourth quarter results showed overall growth, sales in the fragrance division slide.

Personal Care and emerging markets to remain priority for Unilever following Q4 results

09-Feb-2012 - On the back of its fourth quarter 2011 results announcement last week, Unilever CFO Jean-Marc Huet has reiterated that the Personal Care business and emerging market push that helped boost those figures will remain key factors in the company’s future operations.

Cost-cutting exercise sees P&G eliminate 1,600 jobs

08-Feb-2012 - Following the announcement of its second quarter results and the decision to moderate its advertising spend, Procter and Gamble has revealed it will get rid of 1,600 jobs in a cost-cutting exercise amidst investor pressure.

People on the move

People on the move: cosmetics jobs

08-Feb-2012 - Cosmetics Design presents it latest round up of the movers and shakers in the cosmetics industry, including appointments at Estée Lauder, Kao and Hallstar.

Unilever CEO points to Alberto Culver integration as catalyst for US hair care success

07-Feb-2012 - Following strong fourth quarter results buoyed by a healthy performance in Personal Care, Unilever CEO Paul Polman has revealed his delight at the company’s position in in the US hair care market, thanks in no small part to its Alberto Culver brand.

News in brief

Nu-Life turns to social media with launch of Facebook page

07-Feb-2012 - With the goal of creating a social presence to connect with the public, NU-Life cosmetics has launched a new Facebook page to provide an inside look on the day to day happenings of the company and the anti-aging industry.

Nu Skin financial results boosted by emerging markets, especially China

07-Feb-2012 - Direct sales cosmetic and skin care player Nu Skin has announced a big rise in its quarterly revenues on the back of record revenues in Latin America and Asia.

News in brief

Beiersdorf opens world’s first Eucerin skin institute

07-Feb-2012 - Cosmetic company, Beiersdorf has opened up the world’s first Eucerin skin institute in Hamburg. According to the company, the concept will help the Eucerin brand move closer to consumers and strengthen its position as the leading medical skin care brand in German pharmacies.

News in brief

Croda launches naturally-derived and sustainable oil structurants

06-Feb-2012 - Croda has launched two new materials; Syncrowax OSW (Oil Structuring Wax) and Syncrowax ORM (Oil Rheology Modifier) in response to global shortages and increasing prices of Montan wax that, according to the company, has left personal care formulators searching for alternatives.

Sign up for your free newsletter