Private equity firm Centerbridge Partners in talks to acquire Kik Custom Products for US$1.6bn
New York-based private equity firm Centerbridge Partners is in talks to buy US-based household and personal care products manufacturer Kik Custom Products in an acquisition rumoured to be worth US$1.6bn. Founded in 1993, Kik is a contract manufacturer which supplies...
CLICK HERE
Unilever seeks consumer views on its sustainability goals
Unilever is seeking to gain the views of consumers on issues such as climate change, sanitation, hygiene and nutrition through a new crowdsourcing initiative. The consumer goods company is launching a crowdsourcing platfrom in order to develop its sustainability...
CLICK HERE
Estee Lauder reduces product prices in China by as much as 23%
From today, Estee Lauder has cut the recommended retail price of products sold in China by as much as 23 percent as a result of the government’s decision to cut importation tariffs. China’s Ministry of Finance announced in May that it was slashing importation tariffs...
CLICK HERE
Batallure Beauty founders launch global beauty product distribution company Butterfly Beauty
Founded by leading names in the cosmetics industry, beauty and personal care company Batallure Beauty has launched new global beauty distribution company Butterfly Beauty. Batallure Beauty was originally co-founded by Robin Burns-McNeill, who has served as CEO and...
CLICK HERE
Researchers in Australia explore the potential of using sea cucumbers in cosmetics
Sea cucumbers are being tipped as the latest wonder ingredient in cosmetics as scientists in southern Australia seek to harness the potential of the country’s diverse aquaculture industry. Although sea cucumbers are widely served as an edible delicacy in countries...
CLICK HERE
L’Oreal, Estee Lauder, Olay, Revlon, Clarins and other leading brands are still testing products on animals, PETA claims
Leading cosmetics brands such as L’Oreal, Estee Lauder, Olay, Revlon and Clarins are exploiting a loophole in the law in order to continue testing their products on animals, according to animal rights organisation PETA. While cosmetics sold in the EU, where animal...
CLICK HERE
P&G pays US$850,000 to settle consumer-protection action in Californian excess packaging row; will repackage entire Olay line
Proctor & Gamble (P&G) has agreed to pay US$850,000 in civil penalties and costs to settle a consumer-protection action, which accused the FMCG giant of packaging its Olay products with excessive ‘slack fill’. Slack fill, or the use of oversized packaging to...
CLICK HERE
Connell Brothers targets growth in India; acquires cosmetics ingredients distribution business Mascot Universal
Specialty chemicals marketer and distributor Connell Brothers (CBC), a division of Wilbur-Ellis, has acquired Mumbai-based personal and health care ingredients distribution business Mascot Universal. The terms of the deal were not disclosed. India is one of CBC’s...
CLICK HERE
European Chemicals Agency bans anti-microbial pesticide triclosan; US pressure group calls for FDA to follow suit
The European Chemicals Agency (ECHA) has ruled that the anti-bacterial pesticide triclosan is toxic and bio-accumulative and will therefore be phased out for hygienic use in favour of more suitable alternatives. The pesticide is commonly used in personal care products...
CLICK HERE
South Korean cosmetics brand Tonymoly to expand in China; expects to raise KRW88.8 billion from debut on Seoul bourse
South Korean cosmetics brand Tonymoly will make its debut on the Seoul bourse on July 10, according to a report published by Yonhap News Agency. The company will offer its stocks at between KRW26,400 and KRW30,200 per share and is expecting to raise up to KRW88.8...
CLICK HERELATEST NEWS
