Johnson & Johnson has announced that LTL Management, a newly crated and separate subsidiary established to hold and manage claims in the cosmetic talc litigation, has filed for voluntary Chapter 11 bankruptcy protection.
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L’Oréal has announced its results for the third quarter of fiscal 2021. In the three months ended September 30, 2021, the French beauty giant reported sales growth of 13.1 percent versus 2020 figures (+14.9 percent LFL versus the same period in 2019) bringing its growth for the first nine months of the year to 18 percent LFL.
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Interbrand has published its Best Global Brands ranking for 2021. This year, the top 10 was dominated by tech brands once more; Apple, Amazon, Microsoft, Google and Samsung placed first to fifth respectively, all having gained around 20 percent in value, with the top three accounting for 62.3 percent of the total value of the top 10.
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South Korea’s entertainment and cosmetics industries are seeking new markets after a raft of regulatory barriers, nationalist headwinds and rising competition from local brands are hampering sales in China, according to a report published by the Financial Times.
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Companhia Brasileira de Aluminio (CBA) has announced that it will create a specific business unit to manage its energy self-generation assets.
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