P&G embarks on new US$10 billion cost-cutting drive
Having realised its cost-cutting targets earlier than planned, Procter & Gamble has vowed to slash a further US$10 billion from its outgoings over the next five years in a bid to become more efficient and drive sales growth, according to a report published by the...
‘We stand for and respect All Races’: MAC Cosmetics responds to racist trolls via Instagram
MAC Cosmetics has addressed a series of negative comments left on its Instagram account after the Lauder-owned brand posted a close-up of model Aamito Lagum wearing new lip shade Matte Royal. “M.A.C. stands for and respects All Ages, All Races, All Sexes. We celebrate...
Sales down 20 percent at SaSa International as Mainland tourists travel further afield for cosmetics bargains
As witnessed in Japan, the Chinese tourist dollar (or yuan) can make or break a beauty business, boosting Shiseido’s sales to ¥763 billion for the nine months ended December, 31. But as Chinese tourists vote with their feet in favor of Japan, Hong Kong-based retailers...
Ugandan trading standards bans cosmetics containing mercury and hydroquinone
The Uganda National Bureau of Standards (UNBS) is set to enforce a ban on the sale of cosmetics containing mercury and hydroquinone, effective March 31, according to a report published by the Daily Monitor. The agency has identified several prohibited and dangerous...
Henkel promotes Pierre Saliou to President of Schwarzkopf Professional France
Pierre Saliou has been promoted to President of Schwarzkopf Professional France, according to a report published by European Supermarket Magazine, effective immediately. Saliou joined Henkel in 2010 as Commercial Director of Beauty Products (large-scale distribution)...
Tough market conditions do nothing to dampen Oriflame Q4 results
Direct sales giant Oriflame has beaten analyst expectations with its Q4 results despite Euro sales decreasing by 4 percent to €339.5m, compared to €353.7m in 2014. The company saw growth in developing markets and offset the fall in Euro sales with local currency sales...
ODM Cosmax reports record high 2015 results thanks to Chinese market
Cosmetics manufacturer original development manufacturing (ODM) Cosmax has reported record high results for 2015, which has been pushed upwards by a stellar performance by the company in the Chinese market. The South Korea-based company reported operating profit...
Colgate-Palmolive launches express tooth pain relief product Pain Out into Indian oral care market
In a bid to get closer to its consumer, Colgate Palmolive has launched the express tooth pain relief product Pain Out into the Indian market. The topical gel based formula has an Acti Eugenia formula and is said to give express symptomatic relief from tooth pain, the...
MAC Cosmetics launches into Zambia
Cult color cosmetics brand MAC has launched into the Zambian market in a bid to make its mark in developing countries. The Estée Lauder-owned brand is set to invest heavily in building capabilities of its employees and is said to be putting part of its profits back...
Essentra invests in acquisitions in a bid to double Asia Pacific sales
Speciality plastic and packaging component manufacturer Essentra PLC is pushing forward with acquisitions in a bid to more than double its Asia Pacific sales, with a planned spend of up to $286 million. With a key focus on health and personal care packaging units and...
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