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Business & Financial

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Venezuelan currency woes wipe $2bn off another weak quarter for P&G

30-Jul-2015 - Procter & Gamble has announced a disappointing set of financial results as sales drop for the sixth consecutive quarter and profits take a massive hit on unfavourable currency exchange and...

Avon results continue to be hit by a strong US dollar

30-Jul-2015 - Avon Products revealed that revenues for the current quarter slipped by 17% as the company continues to do battle in the face of a strong US dollar that is impacting...

Revlon reports sliding sales on Venezuela market exit

29-Jul-2015 - Revlon has reported a significant slide in its second quarter results following its exit from the Venezuela market, which left a hole in revenues.

P&G Beauty chief to become company’s new CEO

29-Jul-2015 - Procter & Gamble announces that David S. Taylor, Group President of Global Beauty, Grooming and Health Care, will succeed A.G. Lafley as the company’s President and Chief Executive Officer....

First Aid Beauty gets a financial boost

28-Jul-2015 - Castanea Partners has made an investment in the prestige skin care company, commonly known as FAB, and is focused on what lies ahead. 

Shiseido announces new leadership in the US, Canada, and Brazil

28-Jul-2015 - Next month Marc Rey steps in as president and CEO of Shiseido Americas; it’s part of the company’s shift to regional headquarters systems and the vision 2020 initiative.

IFF’s Lucas Meyer acquisition gets thumbs up from investment world

28-Jul-2015 - IFF’s acquisition of cosmetic ingredients player Lucas Meyer is a step in the right direction, according to investment experts tuned in to the deal.

Elizabeth Arden focuses on Southeast Asia expansion

28-Jul-2015 - The global cosmetics player has appointed a new president, JuE Wong, effective August 3th, and has also signed an agreement with prestige beauty distributor Luxasia Ventures as it sets its sights on...

Evonik opens new US facility

27-Jul-2015 - The specialty chemicals company cut the ribbon on its Richmond Business and Innovation Center last week, setting the stage for further growth in North America and a new innovations strategy...

Unilever expecting further growth after posting solid Q2 results

24-Jul-2015 - Anglo-Dutch consumer goods giant Unilever says it expects to make further growth over the next half year having acquired four brands to boost its skin care portfolio in the last...

Ingrid Jackel steps in as CEO at Yes To

23-Jul-2015 - The natural skin and hair care company is positioning itself for innovation and growth with this latest appointment; Jackel most previously led one of the fastest growing cosmetic businesses in...

People on the Move – the latest industry appointment

23-Jul-2015 - The latest edition of people on the move features key appointments from a cross-section of beauty providers, including Crabtree and Evelyn, Sibu Beauty and Estée Lauder.

Chatters hair care acquired by ONCAP

22-Jul-2015 - The Canadian company’s salons double as retail shops for hair care, styling tools, color cosmetics and more. Now with ONCAP’s support, the franchise aims to scale its existing business model...

Neenah packaging acquires FiberMark

21-Jul-2015 - With this deal, the Georgia-based cosmetics and fragrance packager is growing its premium business and bringing new technical capabilities in-house.

HR belongs in the C-Suite

20-Jul-2015 - Speaking at the CEW career development event last week in New York City, Lisa Marie Ringus of 24 Seven shared proprietary insights from the 2015 Beauty Salary & Job Market...

Euromonitor: What the Iran Nuclear deal could mean for the cosmetics industry

17-Jul-2015 - Iran and world powers reached a deal to curb Tehran's nuclear activities in exchange for economic sanctions to be lifted; and while it could open up a new market for...

Coty focus will be on strengthening position and expanding globally, says CEO

17-Jul-2015 - Coty interim CEO Bart Becht says the company’s focus will be on becoming a top beauty challenger, strengthening its critical mass in key markets and expanding into new ones, following...

Brazil braces for double-digit fall in personal care sales

14-Jul-2015 - The country’s industrial IPI tax on cosmetics and hygiene products takes full effect this month, and manufacturers and wholesalers anticipate a substantial price lift and simultaneous drop in sales.

H20 Plus leaves Chicago to grow the business

14-Jul-2015 - The skin care company launched there in 1989, but by this time next year, corporate headquarters will be fully relocated to San Francisco, California, and manufacturing will ultimately be outsourced.

Sephora owner, LVMH snaps up Singapore based start-up Luxola

14-Jul-2015 - After raising over US$15 million in funding from investors, Singapore-based e-commerce platform, Luxola has been snapped up by global luxury goods corporation, LVMH.

P&G gets the thumbs up from investors, while Coty share prices fall

13-Jul-2015 - In the wake of the last week’s announcement that Coty had bought 43 fragrance, color cosmetic and hair care brands from Procter & Gamble for $12.5bn, the two companies have...

Avon sells UK cosmetic player Liz Earle

13-Jul-2015 - Avon has confirmed that is has sold its Liz Earle business to Walgreens Boots Alliance for a sum of £140m ($217m).

‘An extraordinary opportunity’: Healthy & Natural Trade Show set for Chicago’s Navy Pier, May 2016

13-Jul-2015 - The inaugural Healthy & Natural Show will offer an ‘extraordinary opportunity’ for product manufacturers and marketers offering healthy and natural products, and for retailers looking to better understand this high...

Coty to merge P&G brands in $12.5bn deal

10-Jul-2015 - Confirmation has come through that Coty will acquire 43 fragrance, colour cosmetics, and hair care brands from Procter & Gamble in a deal valued at $12.5 billion (€11.2bn).

Unilever publishes inaugural Human Rights report and says there’s still ‘a long way to go’

08-Jul-2015 - Unilever has published its first ever Human Rights report as it aims to document areas where the company has taken significant steps forward and assess some of the challenges ahead,...

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