Godrej snaps up Kenyan personal care company Canon Chemicals
Godrej Consumer Products has purchased a stake in Canon Chemicals, a home and personal care business based in Kenya, for an undisclosed sum, according to a report published by The Times of India. The acquisition was made via a subsidiary. The acquisition will help...
Plastics firm TEQ gains European foothold with acquisition of Plastique Group
Thermoform Engineered Quality (TEQ) has announced the acquisition of UK-based Plastique Group in a bid to extend its overseas manufacturing capabilities, according to a report published in Plastics News. Terms of the deal were not disclosed. “We have multiple...
L’Oréal Professional embraces the latest hair shade: denim
Denim has become the go-to hair color for fashionistas, according to Cosmopolitan magazine. The cutting edge shade has become a popular feature on social media, with several users posting images of their denim dos. Much like the eponymous fabric, denim hair spans...
Shubha George to lead communications for Colgate in Asia after promotion at Red Fuse
WPP-owned Red Fuse Communications has promoted Shubha George to Managing Director – Asia. As part of the new role, George is charged with leading marketing communications for Colgate-Palmolive across the region. George will continue in her role as CEO, India at Red...
Shares soar as Coty’s acquisition trail bears fruit for 2Q 2016
Shares in Coty rose 17 percent to a two-month high of US$28.83 last Thursday as the US beauty giant announced a US$500 million share repurchase authorization of its Class A common stock in the face of strong second quarter results for fiscal 2016. Coty beat analysts’...
Color cosmetics in the pink as Lauder raises 2016 forecast
The Estée Lauder Companies has reported better-than-expected quarterly sales and profit for the second quarter of fiscal 2016, and accordingly raised its full-year forecast, predicting sales to grow 7 to 8 percent on a constant currency basis for the year ending June...
Thai Wuttisak Clinic Inter Group to go global with THB1 billion raised via IPO in 2H 2016
One of Thailand’s largest beauty clinic chains, Wuttisak Clinic Inter Group, a subsidiary of WCI Holding, has announced its intention to raise THB1 billion via an initial public offering in the second half of the year, according to a report published by Deal Street...
Africa’s hair care market hits US$1 billion
Hair care sales reached US$1 billion in Africa as consumers across the continent saw disposable income rise, according to a report published by WPTZ.com. Nigeria witnessed the largest growth, with sales of conditioners and relaxers up 11 percent in 2014, helping the...
Turkey bans controversial UV filter in bid to align with EU cosmetics regulations
The Turkish Drug and Medical Device Institution has ushered in a ban on 3-Benzylidene Camphor, a UV filter widely used in anti-aging preparations, hand and body creams and sun protection products. The ban will come into force on February 18, 2016. The ban is part of...
Elizabeth Arden joins forces with Perfect Corp to increase digital footprint
Riding the wave of the digital onslaught, Elizabeth Arden is the latest beauty powerhouse to get involved with a beauty app and has joined up with Perfect Corp to work on the world’s leading beauty app YouCam. The move signals Elizabeth Arden’s desire to push forward...
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