Although Beauty & Personal Care sectors saw strong results, Unilever will change its strategy with a new focus, new appointments, plus sale of the Dollar Shave Club.
Cross-Border Commerce Europe has just released its 'Top 250 Fashion & Beauty Retail Europe' report, which ranks the top online fashion and beauty retailers and marketplaces across the EU, UK, Switzerland and Norway.
French beauty major L’Oréal has signed a deal to acquire Natura &Co-owned Australian luxury skin care brand Aesop in a deal set to propel global growth for the cult, clean aesthetic brand.
In this round-up of the business and financial updates in the APAC cosmetics industry, we highlight business developments from Coty, Kosé, Perfect Diary and more.
L’Oréal announced the acquisition of physician-dispensed brand Skinbetter Science, which will become part of the multinational’s Active Cosmetics Division.
Japanese beauty major Shiseido is planning to invest JPY10bn (USD75.5m) in both brand equity and its employees as part of plans to go on the offensive and buck the declining trend of the market.
Beauty major Estée Lauder Companies says it will be increasing its coverage across all channels in China this year to capitalise on the growth potential of its beauty market.
Personal care major Unilever has split out its operations into five distinct business units to create a more category-focused company, breaking up its largest division beauty and personal care.
Personal care titan Johnson & Johnson (J&J) will split out its consumer health business to create a new publicly traded company, part of its wider plan to pursue more targeted growth strategies.
In this round-up of financial results, M&As and funding drives in the cosmetics industry, we highlight the first-quarter results from Shiseido, Kao Corp, L’Occitane and more.
Japanese conglomerate Kao Corporation is working to put its cosmetics division back on a path of high growth with a series of moves including ‘structural reform’ and ramping up marketing spend.
International beauty major L’Oréal has announced a series of changes at its helm for next year, including the succession of its current CEO and creation of a new business division merging research, innovation and technologies.
Natura & Co and L’Oréal are two of the top 10 most inclusive and diverse publicly traded companies worldwide in 2020, according to financial market insights firm Refinitiv.
There was a steady flow of mergers, acquisitions and business partnerships throughout 2019, particularly in fragrances. This round-up spotlights some of the most significant moves of the year.
Starting in January 2020, Veronique Drecq will lead a new program at the school—supported by Estée Lauder, IFF, and Douglas subsidiary Nocibé—called Leading a Beauty Brand.
IFF has reported strong growth for its second quarter results, with the fragrance side of the business benefiting from recent acquisitions and organic sales growth.
The skin care brand, made by the biotech ingredient company Amyris and sold at Sephora here in the US, is gearing up for its next market—a move that promises to be a first step toward an international Biossance business.
Biotech player Amyris says that the recent launch of its skin care brand at selected Sephora stores nationwide and online has given the company’s bottom line a significant boost.
SCA, one of the leading global hygiene and forest products companies, has announced it will integrate its Middle East, India and Africa operations into its global consumer goods business unit.
On Monday, Cullin took on her new role leading the brand’s commercial business and customer experience. The general manager position itself is also new for Bare Escentuals US, and in it Cullin reports to Marc Rey, president and CEO of Shiseido Americas.
The multinational beauty company announced a CRO role for its Montreal-based L'Oréal Canada subsidiary this month. The new executive will lead retail strategy and customer experience for the company’s branded boutiques and shops.
Estee Lauder’s UK & Ireland operation has appointed Janet Saunders to the newly created position of Commercial Vice President/ General Manager, as it looks to leverage further opportunities across its portfolio.
Privately owned cosmetics and personal care brands garner a lot of attention when it comes to M&A activity, but local financial institutions are backing local brands and helping independent beauty grow too.
Bliss World skincare and spa company president Mike Indursky spoke to Cosmetics Design about the evolution of the business into a broader range of products that will include a full range of color cosmetics as part of its development as a lifestyle brand.
The tech company works with beauty brands and fashion labels alike to show online shoppers what products look like on a range of models and in a style of their own choosing.
Energizer Holdings, which is soon to be restructured as two separate business units, has reported significant fourth quarter gains on the back of rising personal care sales.
The skin cleanser along with five other DSE Healthcare Solutions products were purchased by Clarion, a holding corporation newly formed by private equity firm Swander Pace Capital.
Procter & Gamble has exited the pet food category with the sale of the final 10% stake of its remaining interest to consumer products company Spectrum Brand Holdings.
Specialty chemicals provider Surfachem has set up its first subsidiary in Brazil, which will serve several industries, including the supply of surfactants to the personal care sector.
Private equity player TPG Growth has acquired a majority stake in digital cosmetics brand e.l.f., said to be one of the fastest growing cosmetics brands in the US right now.
Elizabeth Arden reported that sales growth in the all-important holiday period remained stagnant, forcing the company to downgrade forecasts for the full year.
Avon Products continues its restructuring and streamlining with the sale of its jewelry unit back to its original owner Rhinestone Holdings, a deal that means a big loss for the cosmetics giant.
Beiersdorf has announced preliminary full year sales showing a steady increase in group sales, driven by a strong performance in developing markets, but held back by a sluggish performance from the consumer division led by the Nivea brand.
Fragrance player Parlux has announced its unaudited results for the second quarter, crediting its double digit sales growth to the launch of its latest Rihanna scent and the advertising investment made in support of this.
As sales of natural and organic products pick up in Asia, the market is now being stunted by false marketing claims, mislabelling of products and a lot of consumer confusion.
e.l.f. cosmetics has taken on a minority investment from private equity firm TSG in a bid to penetrate the US markets and aim for international expansion.
Beiersdorf has announced a full year organic 2010 sales increase of 3.1 percent, in line with the forecast that were recently lowered by costs relating to its restructuring programme.
The Federal Trade Commission (FTC) has proposed changes to its Green Guides, designed to help marketers avoid statements that could mislead their consumers, but is calling for more guidance on the consumer perception of natural and organic.
MeadWestvaco (MWV) has reported significant first quarter losses following large restructuring charges related to layoffs, asset write-downs, and factory closures.
![Aēsop is today present in 29 markets, has 395 stores and increased its gross sales between 2012 and 2022 by €465m (US$509m) [Image: Aesop Facebook]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-europe.com/article/2023/04/04/l-oreal-to-acquire-natura-co-owned-aesop-for-us-2.5bn-and-grow-brand-globally/16305295-1-eng-GB/L-Oreal-to-acquire-Natura-Co-owned-Aesop-for-US-2.5bn-and-grow-brand-globally.jpg)
![Business developments from Coty, Kosé, Perfect Diary and more. [Lancaster]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/financial-focus-coty-kose-perfect-diary-and-more-in-our-beauty-business-update/16257778-1-eng-GB/Financial-focus-Coty-Kose-Perfect-Diary-and-more-in-our-beauty-business-update.jpg)
![Shiseido is planning to invest JPY10bn in both brand equity and its employees. [Shiseido]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/shiseido-to-invest-over-75m-in-brand-equity-and-employee-training/15679818-1-eng-GB/Shiseido-to-invest-over-75m-in-brand-equity-and-employee-training.jpg)
![Estée Lauder Companies says it will be increasing its coverage across all channels in China this year. [Estée Lauder]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/estee-lauder-china-preparing-to-increase-presence-across-all-retail-channels/13235929-1-eng-GB/Estee-Lauder-China-preparing-to-increase-presence-across-all-retail-channels.jpg)
![Unilever will now operate under five category-focused business groups: beauty & wellbeing; personal care; home care; nutrition; and ice cream [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-europe.com/article/2022/02/08/unilever-splits-into-five-business-groups-for-category-focused-growth-carving-up-beauty-and-personal-care/13223699-1-eng-GB/Unilever-splits-into-five-business-groups-for-category-focused-growth-carving-up-beauty-and-personal-care.jpg)
![Johnson & Johnson plans to complete the carve-out of a standalone Consumer Health business by the end of 2022 [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-europe.com/headlines/business-financial/johnson-johnson-splits-consumer-health-business-to-drive-growth/13016725-1-eng-GB/Johnson-Johnson-splits-consumer-health-business-to-drive-growth.jpg)
![Our updates on financial results, M&As and funding drives in the cosmetics industry. [L'Occitane]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/shiseido-kao-l-occitane-and-more-feature-in-our-latest-beauty-business-and-finance-update/12569556-1-eng-GB/Shiseido-Kao-L-Occitane-and-more-feature-in-our-latest-beauty-business-and-finance-update.jpg)
![Kao Corporation is working to put its cosmetics division back on a path of high growth with a series of moves. [Kao Corp]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/kao-outlines-plans-to-raise-cosmetics-business-back-up-to-pre-pandemic-levels-by-2023/12481847-1-eng-GB/Kao-outlines-plans-to-raise-cosmetics-business-back-up-to-pre-pandemic-levels-by-2023.jpg)
