The fragrance category has evolved to become an essential category for wellness as well as self-expression, according to exclusive insights from major players Coty and L’Oréal, along with a line-up of exciting niche labels.
French cosmetics company L’Occitane has moved to make its portfolio more appealing to millennials and Gen Z consumers with the acquisition of Australian clean beauty brand Grown Alchemist.
Hong Kong-listed L’Occitane’s latest quarterly sales figures of the 2022 fiscal year have outperformed those from before the pandemic thanks to the performance of key brands, online sales and offline recovery.
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.
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.
![L'Occitane says the extract is high in antioxidants and thus can reduce reactive oxygen species (ROS) in the skin and limit protein carbonylation [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-europe.com/headlines/formulation-science/l-occitane-korean-chili-pepper-extract-research-for-skin-radiance-promising/15987626-1-eng-GB/L-Occitane-Korean-chili-pepper-extract-research-for-skin-radiance-promising.jpg)
![L’Occitane has moved to make its portfolio more appealing to millennials and Gen Z consumers with the acquisition of Grown Alchemist. [Grown Alchemist]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/l-occitane-targets-young-consumers-after-latest-clean-beauty-acquisition/15293260-1-eng-GB/L-Occitane-targets-young-consumers-after-latest-clean-beauty-acquisition.jpg)
![L’Occitane’s latest quarterly sales figures of the 2022 fiscal year have outperformed those from before the pandemic. [L'Occitane]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/l-occitane-q2-sales-rebound-to-surpass-pre-pandemic-levels-by-7/12961434-1-eng-GB/L-Occitane-Q2-sales-rebound-to-surpass-pre-pandemic-levels-by-7.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)
