Slowdown in China and India contribute to lower-than-expected Unilever Q3 sales
Unilever has reported lower-than-expected Q3 sales, attributed in part to a slowdown in its two biggest emerging markets, China and India, as well as the failed recovery of its Latin American activity. The Dove maker reported 2.9 percent organic sales growth, missing...
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RSPO introduces new green palm oil rules for Unilever, Procter & Gamble et al
Industry watchdog Roundtable on Sustainable Palm Oil (RSPO) is set to introduce new rules next month that will force companies such as Unilever and Procter & Gamble to buy greener palm oil or face penalty charges, according to a report by Reuters. The move aims to...
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Henkel partners with Alpa to create first chemically recycled plastic as part of BASF ChemCycling scheme
Henkel has teamed up with packaging manufacturer Alpa to create the first chemically recycled plastic bottles as part of the ChemCycling scheme led by BASF. Through chemical recycling and mixed plastic waste that was previously unrecyclable, the pilot project is said...
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NARS expands in Indonesia with first retail store
Shiseido-owned beauty company NARS has opened its first retail store in Jakarta, Indonesia, according to a report by the Jakarta post. The 88 square meter space, located at Senayan City shopping mall, is a collaboration between NARS Founder Francois Nars and New...
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The Kooples collaborates with Clarins on new moisturizing lip oil
French luxury brand The Kooples has teamed up with Clarins for the launch of two new moisturizing ‘lip comfort oils’, Dark Stone and Light Stone. The two products feature active plant ingredients, with Dark Stone being a plum shade, while Light Stone is a white oil...
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Johnson & Johnson Q3 earnings beat expectations despite mounting legal challenges
Johnson & Johnson reported a rise in its Q3 earnings and revenue, beating industry expectations. Adjusted earnings per share were $2.12 compared to $2.01 expected, with the company’s prescription drugs said to have bolstered the growth. Revenue achieved $20.73 as...
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EOS co-CEO’s in legal battle following ‘forced’ departure of Sanjiv Mehra
EOS Co-Founder and Co-CEO Sanjiv Mehra has filed a lawsuit in Delaware against his fellow Co-Founder and Co-CEO Jonathan Teller, in which he states the company striped him of his ‘economic rights.’ Within the suit Mehra, who owns 15 percent of the company, states that...
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Khiron set to expand Latin American CBD brand Kuida into UK
Cannabis company Khiron has completed the EU cosmetics regulatory process to bring seven Kuida CBD skincare products to the UK. The range, the first consumer brand under Khiron’s wellness business unit, is set to launch in Q4 2019, with an initial focus on the UK...
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Shiseido yeast research to help create collagen-boosting skincare products
Shiseido has discovered the potential for yeast extract to keep skin capillaries healthy, in turn boosting collagen and maintaining elasticity. By using original technology to visualize the 3D structure of capillaries in the skin, the Japanese multinational found that...
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Ardian preps $2.2billion DRT sale
Ardian is said to be preparing for a $2.2 billion sale of French chemicals maker Les Derives Resiniques et Terpeniques (DRT), according to a report by Reuters. The private investment company is working alongside banks Citi and Rothschild on the sale. Ardian and the...
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