Beauty packaging and product solutions company WWP announced the new executive hire this week. Adams bring with her 15 years of CFO success and is set to improve the financial structure of the company’s global business.
The ongoing coronavirus (COVID-19) pandemic has changed the face of beauty business as we know it, and a dig into the financials shows some majors and categories have weathered the storm better than others.
Wednesday, the consumer goods company announced the appointment of Eric O’Toole and hinted at plans to further develop the business that’s been built around brands like Schick, Playtex, Hawaiian Tropic, and more.
The global luxury goods market will shrink dramatically in the face of the ongoing coronavirus (COVID-19) crisis, with significant downgrades expected in Switzerland, Germany, Italy and France, says Euromonitor International.
This month, the biotech company behind the popular clean skin care brand Biossance and the baby line Pipette shared news of company efforts to produce hand sanitzer as well as about how the numbers have been shaping up over the past quarter.
A ruling this week from US District Judge Freda Wolfson in New Jersey allows testimony from plaintiffs’ medical and scientific experts, including specialists in gynecologic oncology, cancer prevention research, and occupational and environmental health....
According to new data from the American Chemistry Council, overall specialty chemical market volume was down 5% in March. But for the most part, beauty ingredient suppliers are still doing a strong business.
Procter & Gamble (P&G) has reported a sales rise for its fiscal 2020 third quarter, buoyed by home and healthcare divisions, but net sales in beauty shrank due to a poor SK-II performance linked to travel retail closures.
The cosmetics and personal care industry has already been deeply affected by the Coronavirus crisis. To help guide the beauty industry through this predicament, market research firms are circulating newly updated data and insights.
Personal care major Johnson & Johnson has lowered its 2020 guidance to reflect the impact of the ongoing coronavirus (COVID-19) crisis, despite a strong net income surge for the first quarter.
Miguel Fernandez joined the company as CEO and President just one month ago. And on Monday he announced cost-cutting measures including temporary furloughs, spending freezes, and salary cuts.
In the face of difficult business choices, the beauty retailer pledges to take several steps to help support both furloughed and remaining staff during the Coronavirus crisis.
The Florida – based, kitchen and household goods company appointed a Mauro Schnaidman to its board of directors this week, upping the number of new beauty executives on the Tupperware team to three.
As of Monday, March 30, the Canada-based beauty maker will begin scaling back operations and implementing temporary layoffs in response to the Coronavirus global health and financial crisis.
The beauty maker announced this week that all L’Oréal – owned stores across the country are closed “until further notice to help protect employees and customers from the threat of COVID-19.”
Tupperware owns six brands. Five of those are beauty and personal care brands. And late last week, the direct-sales company added 2 beauty and wellness executives to its leadership team.
The Canada-based beauty maker has been growing exponentially since being acquired by Cornell Capital in mid-2018. And the Cosmetic Laboratories of America acquisition is just the latest in what is now a long line of deals that have vastly expanded KDC/ONE.
The company behind The Body Shop in three South East Asian markets is expecting to raise over MYR120m (US$30m) from an upcoming IPO on Kuala Lumpur's stock exchange.
The contract research and testing lab venture, based in the Southwestern US, is now part of the multinational inspection, verification, testing, and certification company SGS.
The personal care and cosmetics ingredient distribution venture has named a new CEO and Executive VP to “maximize growth” in existing markets as well as through additional acquisitions.
After buying several businesses in the second half of 2019, the Canada-based beauty manufacturing company has announced it’s acquiring Shanghai Paristy Daily Chemical Co., Ltd.
In November, a private equity firm called Advent International announced it was acquiring the popular hair treatment brand. That deal closed in early January; and now, veteran beauty industry executive JuE Wong is at the helm with plans to expand the...
Natura & Co has finalised its Avon acquisition, creating a global pure-play beauty giant and direct-to-consumer leader – a mega-business it wants to use to fight the climate crisis, champion cruelty-free, female empowerment and local communities.
This month, the prestige clean color cosmetics brand Ilia Beauty announced a Series B funding round, led by Sandbridge and including the New York City – based firm Silas. The investment enables Ilia to, among other things, further finance product development...
The direct-to-consumer brand, founded by Georgina Gooley and Jason Bravman in 2016, has caught the attention of P&G and will soon be a part of the multination consumer goods company.
It has been an interesting year in the Latin American region, with economic and political volatility, environmental issues and sustainability all underpinning what has happened in the beauty industry.
Global beauty major L'Oréal has signed a long-term license agreement with high-end Italian fashion house Prada to develop a luxury beauty line it says will be an ‘ideal complement’ to its Luxe brands.
The beauty marketing executive joined Unilever this week as CEO of Sundial Brands, where she’ll not only lead the Sundial business (which currently consists of four brands) but also the new Sundial Brands Social Mission Board.
L’Occitane’s acquisition of Elemis in January has contributed to strong growth across the group for the first half of FY2020, with overall net sales up 22.1% and extremely fast growth in the UK.
This past week Coty bought controlling stake in Kylie Cosmetics, The Estée Lauder Companies acquired Korea-based skin care brand Dr Jart+, and Olaplex accepted a private equity deal from Advent International. To get a sense of what these transactions...
This week the professional hair brand and the firm announced a deal that will see Olaplex grow in terms of global market reach, product portfolio, and retail strategy.
The household cleaning company has bought 2 sun care businesses and a men’s skin care line this year, bringing the number of brands in the SC Johnson lifestyle category up to 8.
The Canada-based beauty and personal care manufacturer announced the latest in a series of acquisitions this week. This time the company adds California-based prestige manufacturer Benchmark to its global network of product production facilities.
This month’s investment deal between food and beverage venture capital firm BFG and skin care startup ZitSticka raised some eyebrows. So, Cosmetics Design checked with BFG partner Ben Fenton and ZitSticka co-founder Daniel Kaplan to find out why their...
L’Oréal has secured strong third-quarter earnings across its global business, driven largely by dynamic growth in its Luxe and Active divisions and business has accelerated across Eastern Europe.
L’Oréal has signed an agreement with Clarins Group to acquire its entire fragrance division which includes Mugler and Azzaro. The deal is set to close in the first quarter of 2020.
This month, the beauty packaging company announced its equity investment in 3 China-based companies specializing in components and complete makeup packaging solutions.
Shiseido set itself a 2020 sales goal of ¥1 trillion and surpassed that goal in 2017. The beauty maker’s new goal is to reach ¥1.2 trillion in sales by 2020 and to “be among the top three companies in the global prestige cosmetics market.” Shiseido’s...
A consortium of renowned institutional investors has acquired Nestlé Skin Health, rebranding the entire unit Galderma and refocusing it as a pure play dermatology business.
The Ontario, Canada – based color cosmetics brand announced a first funding deal with Raven Indigenous Capital Partners this week. The firm invests to support indigenous values and social enterprise. And while both the Cheekbone Beauty brand and the investment...
The site, founded by Jacqueline Gutierrez, went live late last week and promises to change the way beauty entrepreneurs raise funds, connect with consumers, and disrupt business as usual in the cosmetics, personal care, and wellness industries.
In 2012, the specialty chemical company established an in-house venture capital firm. Over the intervening years, the company has invested in nearly 20 businesses, many of which promise to influence the future of the cosmetics and personal care industry....
Next month, Rinderknech will take on leadership of a business division that accounts for just over one quarter of the company’s sales. And he has his work cut out for him; the most recent L’Oréal financial report describes the North America division’s...
In late August, the DIC Corporation (of which Sun Chemical is a subsidiary) announced having entered a definitive agreement with BASF to acquire the company's Colors & Effects global pigments business. BASF Colors & Effects serves several...
