Nexeo up for grabs? TPG explores sale or IPO
TPG Capital Management is said to be exploring the possibility of a sale or initial public offering of Texas-based Nexeo, according to an exclusive report published by Reuters. The Reuters report estimates the chemical distribution company’s value at approximately...
Coty acquires Brazilian Hypermarcas’ personal care and beauty business for US$1 billion
Coty has announced that it has entered into a definitive agreement to acquire Hypermarcas’ personal care and beauty arm for R3.8 billion in cash. Hypermarcas’ beauty business pulled in R977.5 million in net revenue last year, and boasts a number of leading Brazilian...
Q3 earnings soar 34.9 percent at K-beauty favorite AmorePacific
AmorePacific has announced an impressive 34.9 percent rise in net earnings to KRW142.24 billion for 3Q 2015. The leading K-beauty brand attributed its growth to a strong performance in China, which more than offset sluggish duty free sales caused by the MERS outbreak....
Scaling up: Unilever Foundry launches in US
Unilever is launching its global platform to seek out and support start-ups, Unilever Foundry, in the US. The Foundry allows Unilever to test new technologies efficiently and effectively while also providing entrepreneurs with the chance to work on global projects,...
L’Oréal develops wearable flexible electronics capable of assessing the skin’s needs
L’Oréal is said to be developing flexible, wearable electronics that are capable of determining a person’s beauty needs, according to a report published by Forbes magazine. The company’s Technology Incubator has teamed up with the University of Illinois for a research...
Sephora faces discrimination class lawsuit over customer loyalty accounts
Sephora is facing a discrimination class action lawsuit, alleging that the LVMH-owned retailer deactivated thousands of Asian customer accounts because it believed that the owners were taking advantage of exclusive discounts in order to bulk-buy products and re-sell...
Mary Kay commits to new Texan manufacturing facility
Having explored several options, including renovating its current Dallas manufacturing and research center, direct sales giant Mary Kay has decided to construct a new facility in Dallas/Fort Worth to house its global manufacturing and R&D operations. “After...
Reckitt Benckiser: Nigeria is the new Brazil
Reckitt Benckiser’s CEO Rakesh Kapoor has revealed in an interview with Bloomberg that the company believes that Nigeria has the potential to become a high-growth market to rival Brazil. However, Kapoor warned that businesses would have to be patient and take a...
Matsumotokiyoshi to open first overseas store in Thailand
Japanese drugstore chain Matsumotokiyoshi has opened its first overseas store in Thailand and is planning a second by the end of the year, according to a report published in the Bangkok Post. The Bangkok store is the result of the company’s joint venture with Central...
Emerging markets push organic sales up 5 percent at Colgate Palmolive
Colgate Palmolive has announced ‘solid organic sales growth’ for the third quarter of 2015 with worldwide organic sales up 5 percent, led by a strong performance in emerging markets. Sales in North America were driven by new product launches for an overall increase of...
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