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Beiersdorf snaps up S-Biomedic

Beiersdorf snaps up S-Biomedic

Beiersdorf has announced that it has purchased a majority stake  in Belgian life science firm, S-Biomedic. The German owner of Nivea has invested in the skin microbiome specialist previously as part of its corporate venture capital activities. The purchase price was not disclosed.

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Californian court slaps Avon with US$10.3 million punitive damages in talc suit

Californian court slaps Avon with US$10.3 million punitive damages in talc suit

Avon has become the latest cosmetics firm to face a jury trial over the presence of asbestos in its talc-based products. The direct sales firm was ordered to pay US$10.3 million in punitive damages to a plaintiff who developed cancer after using talc-based powders sold by the beauty brand, according to a report published by Bloomberg.

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