Mary Kay considers US$100 million investment in manufacturing facility
US direct sales giant Mary Kay is said to be exploring the possibility of upgrading its Dallas manufacturing and research center, or building an entirely new facility. The cosmetics company has pledged US$80 million to US$100 million to the project. Some 600...
Natura signs sales agreement for Solazyme’s microalgae oil
One of Brazil’s largest cosmetics and personal care companies, Natura, has signed a purchasing agreement with ingredients supplier Solazyme for a proprietary microalgae oil. The agreement is the culmination of a two-year collaboration to develop new formulations using...
US Food and Drugs Administration issues warning to cosmetic device manufacturers
The US Food and Drugs Administration (FDA) has issued warning letters to several manufacturers and distributors of cosmetic devices to make them aware of the distinction between the legal definition of cosmetic and medical devices. The FDA has identified several...
Unilever sidesteps product registration with new e-commerce platform in China
Unilever has opened an online store on JD.com’s cross-border e-commerce platform, JD Worldwide, according to The Wall Street Journal. The move will enable the Dutch manufacturer to sell its Ponds, Dove, Lux and Vaseline brands in China as imports, thus avoiding the...
BREAKING NEWS: Coty triumphs at P&G auction, buys all three business units for US$12 billion
Coty has allegedly swept the floor at the Proctor & Gamble auction, winning all three of P&G’s cosmetics and beauty businesses for a total of US$12 billion. According to a report in the New York Post, Coty was the successful bidder for both P&G’s fragrance...
IFF moves into cosmetic ingredients market with acquisition of Lucas Meyer Cosmetics for US$283 million
International Flavors & Fragrances has made a binding offer for the acquisition of Lucas Meyer Cosmetics, a division of Unipex Group. The sale is valued at US$283 million, will be funded from existing resources and is expected to close in the third quarter of...
Indian online retailer Nykaa.com to raise ₹50 crore to launch private label
India’s answer to Jumei.com, Nykaa has announced plans to raise up to ₹50 crore from new and existing investors over the next month, according to The Hindi Business Line. “We will close a fresh round of funding in a month. We are addressing a US$11 billion beauty and...
Seven Scent’s Kate Williams elected President of British Perfume Society
The British Society of Perfumers (BSP) has appointed Kate Williams, creative perfumer at Seven Scent (part of the PZ Cussons group), as President. The former Vice President will take over from Peter Whipps, who will remain an active member of the Council, while...
Henkel CEO: ‘we don’t need acquisitions to reach our goals’
As negotiations for Proctor & Gamble’s beauty assets reached their final stages last week, Henkel was widely reported to be competing for the FMCG giant’s hair care business. However, CEO, Kaspar Rorsted has downplayed reports that the German personal care...
Walgreens looks to Boots No7 to win back US consumers
Walgreens is embarking on a program to refresh its US stores, giving more space to cosmetics in a bid to tempt customers back in store and boost profits, according to a report published by Bloomberg Business. The drugstore chain, which merged with Alliance Boots last...
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