Henkel Q2: first sales drop in a decade as beauty disappoints
Henkel has announced its results for the second quarter of the financial year. The German manufacturer of Schwarzkopf saw sales fall for the first time in a decade (-0.4 percent to €5,12 million), which it attributed to a disappointing performance by its beauty care...
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Grupo Boticario buys Beleza na Web
Grupo Boticario has snapped up Brazilian e-commerce platform Beleza na Web for an undisclosed sum, according to a report published by Reuters. The move was likely prompted by rival Natura’s acquisition of Avon, intensifying competition. Grupo Boticario said the...
CLICK HERENars lipstick ad provokes controversy
If Nars set out to be provocative with its latest Instagram video, then mission accomplished. The Shiseido-owned make-up brand has long used a little sexual frisson to market its products, with lipstick names such as G Spot and Orgasm but the latest wheeze moves its...
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Kolmar Korea Chairman resigns as Japan row escalates
Kolmar Korea’s Chairman Yoon Dong-han has stepped down from his role after he showed employees a video praising Japan’s prime minister and criticizing the South Korean government, according to various reports. The Kolmar executive issued a formal apology on Friday but...
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Olaplex triumphs in L’Oréal suit
Olaplex has prevailed in a lawsuit bought against L’Oréal some three years ago, according to a report published by WWD. A US jury ruled in Olaplex’s favor in this David-versus-Goliath battle, in which Olaplex accused the French beauty giant of staging a buyout...
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Lauder-Charlotte Tilbury deal back on for US$1 billion?
Charlotte Tilbury is said to be mulling a US$1 billion bid from The Estee Lauder Companies, according to a report published by the Financial Mail on Sunday. The prestige make-up brand is said to have appointed Goldman Sachs as its advisor during talks. Both companies...
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Glossier to target global crowd with London pop up
Glossier is set to open a pop-up store in London this fall, according to a report published by The Independent quoting the Financial Times as its source. The US-based, digitally native brand launched in the UK last year, allowing shoppers to purchase direct from its...
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Wired Beauty appeals to International Chamber of Commerce to settle Lauder dispute once and for all
Wired Beauty has appealed to the International Chamber of Commerce to settle a long-running dispute between it and The Estee Lauder Companies, according to a report published by Sifted. The French start-up has been battling the US prestige giant since 2015 over the...
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South Korea to align cosmetics regulation with EU standard
South Korea is revisiting its cosmetics safety regulation, according to a report published by Chemical Watch. The country’s Ministry of Food and Drug Safety intends to align many of its rules on cosmetics ingredients with the European Union’s legislation. Allowable...
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Elf Beauty: sales ‘exceed expectations’; up 3 percent in transition period
Elf Beauty has announced its results for the transition period ended March 31, 2019. The company changed its fiscal year to run from April 1 to March 31, instead of January 1 to December 31 to better coincide with its annual shelf resets. “Our Transition Period...
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