New process could turn waste plastic into sustainable fuel
Plastic waste could become the oil of the future, according to a report published by the BBC, thanks to a new process discovered by scientists at Cambridge University that converts plastic into syngas and glycolic acid.
Galderma posts strong FY2022 growth ahead of possible IPO
Galderma has reported US$3.8 billion in net sales in FY22, up 13.9 percent on 2021 on a constant currency basis, delivering above its 2022 profitability guidance.
Russia adds Lancôme to parallel import scheme
The Russian government has added a series of brands to its parallel imports list, according to a report published by Reuters.
Henkel FY2022: Sales swell 8.8 percent but 2023 outlook muted
Henkel has announced its results for fiscal 2022. The German manufacturer of Schwarzkopf saw organic sales grow 8.8 percent to hit €22.4 billion versus the prior year, while operating profit increased 13.7 percent to €2.3 billion.
LVMH names Chairman and CEO for Perfumes and Cosmetics unit
LVMH has named Stephane Rinderknech Chairman and Chief Executive Officer for its Perfumes and Cosmetics division, according to a report published by WWD.
Beiersdorf hails FY 2022 as ‘one of our most successful financial years in recent history’
Beiersdorf has branded fiscal 2022 as ‘one of its most successful financial years in recent history’ despite the volatile market. Group sales rose 10.6 percent in organic terms to €8.8 billion and EBIT significantly improved to €1.2 billion.
Interparfums FY 2022: record earnings as operating profit soars 33 percent
Interparfums has reported its results for the 2022 fiscal year. The fragrance giant recorded record earnings for the full year with net income up 40 percent on 2021’s figures and sales rising 26 percent to €706.6 million.
Croda FY2022: sales and profit rise 11 percent
Croda has reported its results for fiscal 2022. The cosmetics ingredients manufacturer saw both sales and profit rise in the double digits versus the prior year. Sales totalled £2089.3 million, up 10.6 percent on 2021’s figures (5.2 percent in constant currency), while profit before tax increased 11.4 percent to £445.2 million (+7.3 percent in constant currency).
Robertet Group acquires Aroma Esencial
The Robertet Group has announced the acquisition of Spanish naturals producer, Aroma Esencial. Terms of the deal were not disclosed.
Tesco, Unilever and In Kind Direct team up to tackle hygiene poverty
Unilever, Tesco and In Kind Direct have teamed up to help British families in hygiene poverty, according to a report published by the Grocery Gazette.