Kao’s shares jump as it reports 5.5 percent rise in sales for 3Q 2015
Kao Corporation saw its stock climb 0.8 percent to ¥5,868 following the announcement of its third-quarter results for the nine months ending September 30. Net sales rose 5.5 percent versus the same period in 2014, reaching ¥1.06 trillion. Net income for the period...
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Profit dives 39 percent at Natura for 3Q 2015
Profits have taken a nosedive for Brazil’s largest cosmetics company Natura Cosmeticos in the third quarter of 2015, thanks to weak demand, higher taxes and a provision to buy-out its partners at Australian subsidiary Aesop, according to a report published by Reuters....
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Amway invests US$13 million in botanical research center to study Chinese medicine
Amway has cut the ribbon on a US$13 million R&D facility in Wuxi, China, named The Amway Botanical Research Center (ABRC). The direct sales giant will use its new site to study plants associated with traditional Chinese medicine for potential future use in its...
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P&G divestiture hits sales with worst drop in over a year for 1Q 2016
Procter & Gamble’s strategy of shedding non-core brands doesn’t seem to be paying off, according to a report published by Bidness Etc. The FMCG giant reported the worst drop in sales for more than a year for the first quarter of fiscal 2016, with grooming, beauty...
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LovelySkin.com wins Bizrate Circle of Excellence Platinum Award
E-commerce site LovelySkin.com has been awarded the Bizrate Circle of Excellence Platinum Award for the fifth year running. The title is awarded to retailers that receive outstanding customer satisfaction scores, rated by millions of verified online buyers. Just 84...
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Will Japan end animal testing? Cruelty-free lobby piles on pressure
The cruelty-free lobby is out in force to convince Japan’s parliament to ban the sale of cosmetic products that have been tested on animals in the country with the international business community, as well as a local grass-roots campaign led by the Humane Society...
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L’Oréal signs deal with digital training specialist General Assembly
Cementing its position as a market leader in online evolution, L'Oréal has finalized a partnership agreement with New York-based digital training specialist, General Assembly. The partnership will build an online learning platform for employees at L'Oréal and is...
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Missha continues European focus with Spanish launch
South Korean-based skin care and cosmetics maker Missha has launched into Spain, opening three flagship stores in Barcelona, Sevilla, and Madrid. It’s not the first European move for the brand however, with the company opening its first store in Ingolstadt in...
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Fragrance maker SH Kelkar set to open its IPO to reduce debt
Flavors and fragrance firm SH Kelkar is set to open its initial public offering (IPO) on 28 October, 2015 in a bid to raise almost Rs.510 crore. Pricing its IPO in the range of Rs.173-180 per share, the offering will close on 30 October, 2015. The company is backed by...
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New aluminium solution designed for the aerosol packaging market
Packaging company Constellium has launched Aeral, a new aluminium solution for aerosols that allows a minimum of 30 per cent weight saving compared to traditional impact extruded containers. Set to revolutionise the personal care aerosol market, the containers use the...
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