The French American beauty company Coty saw its sales up 13% on a like-for-like basis (LFL) for the second quarter of its fiscal year, and up by 14% LFL for the first half.
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.
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.
Contract manufacturer Voyant has launched a new division intended to identify the most promising indie brands and partner with them up until acquisition.
The northern hemisphere is well into autumn now, but CosmeticsDesign's most popular articles over the summer are still here with information about where the world of cosmetics is going.
The DTC personal care market has evolved rapidly and the recent layoffs by Glossier can teach the industry how a brand can misstep and what to know going forward, says One Rockwell.
In this round-up of financial results, M&As and funding drives in the cosmetics industry, we highlight L’Occitane’s full-year results, Unilever’s acquisition of Paula’s Choice and more.
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 cosmetic giant Shiseido Company has announced the decision to sell its low-cost personal care business to CVC Capital Partners in a deal worth 160 billion yen ($1.5bn) in order to focus on its more high-end cosmetic brands.
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.
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.
The once-a-year knowledge sharing summit is all about capital raising, funding strategies, and the financial realities of launching and running an independent beauty brand. And the 2019 edition of BeautyX Capital promises to be a must-attend event for...
The hair color startup, led by CEO Amy Errett, announced this month that it’s accepted another $25m in venture capital funding, moneys that will let the company’s brick-and-mortar footprint expand exponentially over the next two years.
Today, the YouCam app maker announced the closing of its Series A funding round. Now Perfect Corp plans to spend millions improving the augmented reality and artificial intelligence tech that makes the digital beauty ecosystem tick.
The slippery coatings company has just commercialized its first collection of packaging solutions and has named a new general manager to oversee the LiquiGlide CPG business at this critical moment.
The iconic beauty subscription box company recently raised significant new financing and is looking to turn its cosmetics and personal care business around in the near future.
The sun care cosmetics company is looking to reach new markets and have a larger retail presence. Multimillion-dollar financing from the Life Sciences Group of Bridge Bank will help with that.
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.
Beauty device behemoth Tria has closed $45.5 million in new equity financing that will help its to expand further in skin care, and more specifically the anti-aging sector.
Avon Products, which is facing the problem of sliding sales and mounting debts, is said to be planning a three-part bond offering in an attempt to refinance the debt.
France-based Louise Enterprises has secured further credit of €3 million to help expand its perfume on a stick concept in both the domestic and international markets.
Canada-based Euoko Group says it has completed a reverse
acquisition transaction for its luxury skin brand Euoko in a deal
that that aims to give the company greater independence in order to
tap into market growth.
New York-based Del Laboratories will close its Little Falls
cosmetics manufacturing facility by the end of the year with the
loss of up to 330 staff as part of moves to streamline its
operations and consolidate it with existing facilities...
Revlon's shares dropped as much as 8.6 per cent before recovering
slightly, Friday, as the cosmetics company's financial makeover
plans faltered after its debt offer was cancelled due to
"unfavourable market conditions".
French cosmetic ingredients supplier Rhodia has reached an
agreement with its creditors to refinance its debt burden, giving
the company breathing space to continue its restructuring
operations.
![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)
![[Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/financial-focus-l-occitane-unilever-and-more-feature-in-our-latest-beauty-business-and-finance-update/12656280-1-eng-GB/Financial-focus-L-Occitane-Unilever-and-more-feature-in-our-latest-beauty-business-and-finance-update.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)
![Shiseido has announced the decision to sell its low-cost personal care business for $1.5bn. [Shiseido/Senka]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/article/2021/02/04/shiseido-sells-off-personal-care-division-for-1.5bn-to-focus-on-high-end-skin-care/12160915-2-eng-GB/Shiseido-sells-off-personal-care-division-for-1.5bn-to-focus-on-high-end-skin-care.jpg)
