Brazil-based iron ore company All Ore targets cosmetics market
Brazil-based iron ore company, All Ore, has announced plans to buy a cosmetics company and change its corporate purpose. The move, outlined by the company in regulatory filings published on Tuesday, is a reaction to bleak market conditions for mining firms in Brazil....
Dubai surpasses Heathrow as busiest international passenger airport
Dubai International has overtaken Heathrow as the world’s busiest international passenger airport, handling 70.4 million passengers last year. The airport achieved a record number of passengers, up 6.1% on the previous year, despite major runway upgrades that limited...
Men account for majority of spending in China’s luxury goods market
Men account for around 55 percent of China’s luxury goods market, well above the global average of 40 percent, according to research from brokerage CLSA. The trend has been attributed to the gift-giving culture in China as businessmen regularly buy presents for...
Indian company Emami acquires controlling stake in Australian personal care manufacturers, Fravin
Indian consumer goods company Emami has acquired a 66.67 percent stake in Fravin, an Australia-based manufacturer of natural and organic personal care products. The acquisition of Fravin is the first overseas acquisition by Emami in four years after the company took...
Estée Lauder Wins $1.8M In Counterfeit MAC Cosmetics Suit
Estée Lauder has been awarded US$1.8m in damages in a lawsuit against a US-based company that distributed counterfeit products of its subsidiary brand, MAC Cosmetics. The trademark infringement lawsuit concluded on Thursday when an Arizona federal judge ordered online...
Global consumer health industry achieved $216.4 billion in sales during 2014
The consumer health industry grew by 5.7% last year, achieving global retail sales of US$216.4 billion, according to research by Euromonitor International. Over-the-counter remedies such as sleep aids, eye care, dermatologicals, and digestive remedies performed well...
Avon shares rise following report that company is in buyout talks
Shares in Avon have jumped as a result of a report stating that the company is negotiating a buyout with private equity firm TPG Capital. Published by Dealreporter, the report sent shares up 15 percent to US$8.66 in New York, the biggest one-day increase since...
P&G shuffles management in bid to strengthen beauty business
Proctor & Gamble has reorganised key members of its managerial team in an effort to strengthen its beauty business. David Taylor, Group President of Global Health and Grooming, will now also oversee beauty. The promotion puts him in charge of two of the...
Products due to launch at Packaging Innovations revealed
Organisers of UK trade show Packaging Innovations have announced details of new products to be launched at next month's event. The two-day show, which takes place at the National Exhibition Centre in Birmingham on 25 and 26 February, will showcase the latest trends...
Report by TechNavio predicts growth for global halal cosmetics market
A new report from UK-based market research firm TechNavio has predicted huge growth for the global halal cosmetics market. Halal cosmetics have become increasingly popular with consumers over the last five years, and TechNavio predicts that the market will continue to...
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