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Business & Financial

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Avon turnaround on track as company posts Q3 profit

30-Oct-2014 - Avon Products has made progress in its turnaround bid by posting third quarter net income attributable to the company of $91.4 million, versus a loss of $5.5 million a year earlier.

Elizabeth Arden profits hit by reduction in fragrance distribution

30-Oct-2014 - Elizabeth Arden’s drive to tighten its global distribution has resulted in a significant fall in both global sales and profits for the first quarter of its financial year.

News in brief

Cosmetic ingredient and drug company Sirona Biochem names chief business development officer

30-Oct-2014 - Attila Hajdu, previously of GlaxoSmithKline and Astellas Pharma, joins Sirona Biochem where he’ll work to build new partnership and identify products likely to become strong revenue-generating assets.

Revlon see rise in profits on the back of Colomer acquisition

30-Oct-2014 - Revlon is showing some of the first signs of recovery after it posted third quarter results demonstrating that profits had risen on the back of last year’s acquisition of the Colomer...

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A window in on L’Oréal’s digital marketing strategy in Japan

30-Oct-2014 - Junko Miyano, digital marketing manager, Nihon L’Oréal, L’Oreal’s Japanese subsidiary, talked to Cosmetics Design about the company’s digital marketing strategy in the country. Started in 2006, it has evolved rapidly...

L’Oreal Travel Retail to launch dermocosmetics and hair brands in Asia and Americas

29-Oct-2014 - L’Oreal’s Travel Retail Division is launching its Vichy, La Roche-Posay and Kérastase brands in selected Travel Retail locations in Asia and the Americas, as it looks to capitalize on its...

Rituals Home & Body Cosmetics to expand US presence

29-Oct-2014 - The luxury personal care retailer announced last week that two new US stores will open in the coming months.

Beauty and Personal Care hold firm for P&G during tough time

28-Oct-2014 - Procter & Gamble is feeling confident with its Personal Care business after it stood firm in a difficult quarter that fell below expectations.

News in brief

Jumei’s product-source tracking codes continue to attract prominent brands

28-Oct-2014 - Givenchy and Jurlique have begun selling beauty products on the Jumei platform, which credits its anti-counterfeit labelling as a differentiating factor for brands concerned about maintaining product standards in international...

New to the anti-aging scene, Bellatorra Skin Care launches online

27-Oct-2014 - The brand, after five years in development, is beginning with three skin care products and an e-commerce site.

News in brief

International Flavors & Fragrances adds Michael Ducker to board of directors

27-Oct-2014 - IFF now has 12 independent board members serving alongside the company’s new CEO.

Unilever feels effect of China slowdown as Q3 market growth stutters

24-Oct-2014 - Unilever felt the full force of the slowdown in emerging markets, with China in particular making for bad news; and even the performance of its largest, and normally more reliable,...

News in brief

Kimberly-Clark cuts 2% of workforce

23-Oct-2014 - The company plans to reduce its staff count by as many as 1,300 part of a restructuring that is spinning off health care and refocusing the business on segments including...

P&G management reshuffle announced as streamlining continues

23-Oct-2014 - Procter & Gamble announces a number of changes to its management team in line with its plan to streamline the business by putting key personnel in place in core business...

CEW honors cosmetics entrepreneurs with Achiever Awards

22-Oct-2014 - Cosmetics Executive Women recognized five industry experts this week in New York City—Laura Geller, Alli Webb, Jane Wurwand, Wende Zomnir, and Sissel Tolaas—for their achievements as innovators and business leaders....

Specialty chemical company Evonik opens production facility in Brazil

22-Oct-2014 - The new plant will produce 50,000 metric tons of ingredients each year, economizing the supply chain for cosmetic and consumer goods companies in the region while banking on the vigorous...

Natural ingredient supplier Arysta LifeScience to be acquired

21-Oct-2014 - Arysta LifeScience, a producer of natural ingredients used in cosmetics as well as fungicides and herbicides, is being acquired by chemical maker Platform Specialty Products.

L'Oreal to launch multi-cultural division starting with Carol's Daughter acquisition

21-Oct-2014 - L'Oreal signed this week to acquire the multicultural beauty brand and plans for it to continue under current leadership while making full use of its expertise in the multicultural beauty...

News in brief

DSM announces new Personal Care appointment

17-Oct-2014 - DSM’s Personal Care Business Unit announces a new management appointment as Gaëlle Bathany-Di Mascio joins as Head Global Key Account Management. 

Estée Lauder acquires Le Labo prestige fragrances

16-Oct-2014 - Estée Lauder is poised to close on its acquisition of prestige fragrance company Le Labo next month and further develop the pioneering brand.

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Investment world gives thumbs up to Nu Skin credit facility

16-Oct-2014 - Shares in US-based Nu Skin spiked yesterday on the back of renewed investor confidence after the company announced the confirmation of a $375m credit note with the Deutsche Bank.

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Remington goes on US tour to grow beards and brand awareness

15-Oct-2014 - The company’s Beard Boss team will visit several cities on a week-long road trip designed to build brand awareness and customer loyalty for its men’s grooming and styling products....

Procter & Gamble sets new sustainability objectives across the supply chain

15-Oct-2014 - The company announced this week its intentions to further limit water use and packaging as well as to take advantage of more renewable materials by 2020.

News in brief

Ulta Beauty appoints new independent director

14-Oct-2014 - Ulta Beauty says that Michelle Collins, President of Cambium, a business and financial advisory firm, has been appointed to its Board of Directors, and as a member of its nominating and corporate...

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Avon gets downgraded by Moody’s

13-Oct-2014 - Avon Products has had its senior unsecured note rating downgraded by Moody’s Investor Service, reflecting concerns about the company’s restructuring and general business standing.

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