Following an investment in AI-driven molecule discovery firm Revela and a strong initial public stock offering earlier this year, Tel-Aviv based Oddity Tech Ltd. is now projecting a 6-8% increase in net profit over its initial 2023 forecast.
International beauty major L’Oréal has reported a significant rise in full-year 2021 sales and net profit globally, with Latin America and North Asia performing particularly well and business in its Luxe and Active Cosmetics divisions leading the surge.
Texas-based personal care manufacturer Helen of Troy has
restructured its operations as a means of more clearly defining its
business activities in both the personal care and household
sectors.
The world's largest cosmetic company just goes from strength to
strength, having announced an 8.7 per cent hike in sales and a 21.8
per cent jump in net profits thanks to strong premium cosmetic
sales and continued growth in...
CCA Industries has reported a record increase in its sales on the
back of strong peformances for its whitening oral care brands, its
green tea skin care products and its depilatory products, but
profits drop.
![L'Oréal's Luxe division performed especially well, with 'remarkable success' in fragrances, according to the company's CEO [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-europe.com/article/2022/02/10/l-oreal-2021-full-year-results-shows-net-profit-up-29-sales-up-15-in-historic-year/13231286-1-eng-GB/L-Oreal-2021-full-year-results-shows-net-profit-up-29-sales-up-15-in-historic-year.jpg)
