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Financial focus

Examining the financial movements of all the big players, from ingredients suppliers to packaging providers. Volatile oil prices, banking turmoil and nervous consumers are forcing companies to rethink their business strategies. Articles will dig into the shifting landscape, reveal how the cosmetics world is adapting and break news of the latest financial results and market data.

News in brief

L’Oreal’s new $17 million distribution centre

13-May-2014 - After nearly two years in the making, L'Oreal confirms it has completed its move to open up a major new US distribution center.

Millennial men driving male grooming in US

03-Apr-2014 - As the sector rises globally, market researcher Canadean’s latest report hones in on the sector’s current and upcoming US trends.

Argentina proving a tough nut to crack

10-Mar-2014 - While neighboring Brazil continues to dominate in the global beauty industry, a spotlight recently shone on Argentina by market research firm Euromonitor reveals brands are finding it much tougher going...

Fragrance sector smelling sweet in America

06-Mar-2014 - Sales are still on the up for the flavors and fragrance industry in America, and are expected to reach $6 billion by 2017, according to research firm Euromonitor.

Coty faces class action for alleged IPO malpractice

25-Feb-2014 - New York law firm Pomerantz has filed a class action against Coty, alleging that the beauty giant misled investors when it went public last year.

Market preference drives deodorant variety, despite dominance of aerosols

20-Feb-2014 - Despite the dominance of the aerosol format, roll-ons are sticking around thanks to variation in market demand across the globe, according to research firm Euromonitor.

Avon Q4 results continue downward trend, investors give thumbs down

17-Feb-2014 - Avon released fourth quarter results showing that sales continue to slide at an alarming rate, just as it also announces a big hit from its bribery investigation.

Restorsea files lawsuit against Aqua Bio Technology

13-Feb-2014 - US-based skin care company Restorsea has filed a lawsuit again Norway-based Aqua Bio Technology (ABT) claiming it breached a businsess contract, allegations ABT says it will fight against.

Beauty catching up online in time for cyber natives

05-Feb-2014 - A recent campaign by Benefit Cosmetics indicates that the beauty industry has entered 2014 with a renewed focus on harnessing social media to drive consumer engagement.

Coty pairs up with Enrique Iglesias as male fragrances pick up pace in emerging markets

30-Jan-2014 - A fragrance partnership between Spanish singer Enrique Iglesias and beauty company Coty has been announced, in a move which confirms Coty's intention to expand within developing markets.

Room for luxury in male grooming? Dove moves into premium care

29-Jan-2014 - Following a particularly strong growth in the US for the luxury goods trade of late, Dove has moved to take advantage of the market with its 'Men+Care' premium line....

Ulta Q3 growth in line with forecasts

09-Dec-2013 - Ulta Beauty Salon has reportedly met its growth forecast for the third quarter of 2013 with respectable increases in sales and net profits.

Reports of counterfeit Estee Lauder cosmetics grow in the Bay area

27-Nov-2013 - A growing trend in fake beauty products retailing over the internet is threatening the integrity of Estee Lauder's popular MAC brand.

Expert: Avon "does not understand" MLM model

27-Nov-2013 - Cosmetics company Avon "does not understand" the MLM model and is dangerously trapped between two different strategies for selling, according to an expert in multi-level marketing....

Schwan relocates headquarters to Rutherford County

18-Nov-2013 - Schwan Cosmetics has moved its USA headquarters from New Jersey to Rutherford County in North Carolina in order to take advantage of a higher quality of life and a more...

Sales up but profits down as Sally Beauty posts mixed Q4 results

18-Nov-2013 - Global cosmetics company Sally Beauty Holdings reported a poor performance in Q4 of their financial year as profits were affected by increasing income tax despite an increase in sales.

Avon's financial problems continue in self-confessed 'tough' quarter

31-Oct-2013 - Troubled cosmetics manufacturer Avon has reported a poor third quarter for 2013 as a result of low sales in North America and weakness in emerging markets.

Americas surpass China as luxury goods growth leader

30-Oct-2013 - The Americas have overtaken China as the engine of the world’s luxury growth, according to a report by market research firm Bain & Company.

P&G reports stagnant sales growth, increases innovations

28-Oct-2013 - US cosmetics giant Procter & Gamble has reported relatively static sales growth in its latest quarterly earnings report.

Euromonitor: Natura faces strong challengers in Brazil

15-Oct-2013 - Natura Cosmeticos’ position as the leading cosmetics company in Brazil may ultimately depend on its ability to connect to international markets, according to Euromonitor International.

Amazon breaks into luxury beauty retail

14-Oct-2013 - Amazon has just launched a new luxury beauty division for the US market, in direct competition with the online presence that luxury beauty retailer Sephora has already carved out.

News in brief

Ulta and Sally Beauty affected by equity market drop

10-Oct-2013 - US cosmetics manufacturers and retailers are starting to feel the stock price pinch from the fall of the US equity market.

Euromonitor: government shutdown should not affect cosmetics business

09-Oct-2013 - The US government shutdown is a game of “brinksmanship” which should not damage the cosmetics industry, according to Euromonitor.

News in brief

Argex titanium dioxide study gives positive results

09-Oct-2013 - Argex Titanium’s study into the feasibility of its titanium dioxide industrial project produced highly positive results, it was announced on October 9.

Colgate-Palmolive investing to open major personal care facility in South Carolina

08-Oct-2013 - Colgate-Palmolive has announced a nearly $200 million investment to open a factory in Greenwood County South Carolina, which will manufacture personal care products including deodorants and liquid soaps.

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