LCG Capital acquires stake in Swiss cannabis supplier Virdi
LCG Capital has announced the acquisition of a 30 percent stake in Swiss cannabis supplier Virdi. Legal cannabis investment company LCG will take part ownership of Virdi, which supplies cannabis seeds and flowers for use in cosmetics, cigarettes and natural wellness...
CLICK HERE
Avon appointments latest: Meet the new GM for Eastern Europe
Avon has announced yet another senior appointment. The direct sales giant has named Anna Yarvits as Group Vice President and General Manager, Russia and Eastern Europe, effective August 21, 2018. Yarvits joins Avon from Teva where she served as SVP Cluster Head Russia...
CLICK HERE
BASF awarded NPA Novel Ingredient and Science Award
BASF has been recognized by the Natural Products Association (NPA) for its naturals portfolio. At the certifying body’s 25th Annual Awards in Las Vegas, BASF picked up the Novel Ingredient and Science Award. “BASF is a truly innovative company that continues to...
CLICK HERE
Next we’ll go big on eyes and lips: Shiseido has grand plans for new look Laura Mercier
Shiseido has unveiled a new look for its recently acquired Laura Mercier brand ahead of a global rebranding exercise, which will kick off in September, according to a report published by WWD. The new campaign stars models Alicia Burke, Josephine LeTutour, Louise...
CLICK HERE
Warpaint London buys US distributor Leeds Marketing for US$2 million cash
Warpaint London has announced the acquisition of its US distributor Marvin Leeds Marketing Services Inc. The New York-based company sells Warpaint’s W7 line across America and was the brand’s exclusive distributor until January of this year. Warpaint revealed that the...
CLICK HERE
Did Yves Rocher sack 124 Turkish employees for joining a trade union?
Yves Rocher has come under fire for laying off some 124 workers from its Turkish subsidiary Kosan Kozmetik, allegedly because they had joined a trade union, according to a report published by The Daily Sabah. Global advocacy group SumOfUs is drumming up support for...
CLICK HERE
‘Ridiculous’: Burberry’s new logo prompts mixed reaction
Burberry Chief Creative Officer Ricardo Tisci has unveiled a new logo and monogram for the London-based fashion brand, according to a report published by WWD. Tisci posted the new logo on his Instagram account, crediting the redesign to British graphic designer Peter...
CLICK HERE
Clarins on the hunt for new President after Bader departure
The President of Groupe Clarins’ eponymous brand has left the company, according to a report published by WWD. Natalie Bader has held the role since March 2014 and is understood to have quit at the end of June. Bader’s successor is yet to be named, a company...
CLICK HERE
‘Encouraged but not satisfied’: Revenue down 3 percent; reps down 4 percent but margin up for Avon Q2 2018
Avon has announced its results for the second quarter of the financial year. Total reportable segment revenue was down 3 percent to US$1.3 billion, impacted to the tune of 1 percent by the Brazilian truckers’ strike and active representative numbers were down 4...
CLICK HERE
L’Oréal submits application to acquire Société des Thermes de La Roche-Posay
L’Oréal has submitted an irrevocable offer to the shareholders of Holding STRP, or Société des Thermes de La Roche-Posay, to acquire all shares of the company. Speaking of the most recent purchase, Laetitia Toupet, International General Manager of La Roche-Posay,...
CLICK HERE
Alexander McQueen unveils new ultrapremium fragrance collection
Alexander McQueen has added to its fragrance offering with the launch of a new fragrance collection comprising of eight ultrapremium scents that are said to represent the facets of the McQueen woman, according to a report by WWD.com. The eight scents are said to have...
CLICK HERE
Zalando develops bricks and mortar retail offering with first beauty store opening
E-tail fashion giant Zalando has branched out into high street retail with the launch of its first high street store, named Zalando Beauty Station, which focuses on its newest beauty category. Located on Weinmeisterstrasse in the Hackesche Markt nieghborhood of...
CLICK HERE
BolognaFiere Cosmoprof announces acquisition of Health & Beauty Group
BolognaFiere Cosmoprof has announced the acquisition of Health & Beauty Group, cementing its leadership in the professional beauty salon and nail sectors. The company, a sector of BolognaFiere Group and organizer of the events of the international Cosmoprof...
CLICK HERE
L’Oréal expands into vegan beauty with Logocos Naturkosmetik acquisition
French beauty brand L’Oréal has announced the acquisition of Logocos Naturkosmetik, a German beauty brand that sells vegan and organic beauty products. Picking up on a current ‘major beauty ascending trend’, according to Alexis Perakis-Valat, L’Oréal President of the...
CLICK HERE
Beauty for all: L’Oréal announces support for UN Global LGBTI Standards of Conduct for Business
L’Oréal has announced its support for the UN Global LGBTI Standards of Conduct for Business. The French beauty giant announced on its corporate website that the initiative is in line with its ethical principles, which include integrity, respect, courage and...
CLICK HERE
More acquisitions on the cards as The Hut Group secures US$1 billion credit
The Hut Group looks set to follow the acquisition trail once more having secured credit to the tune of US$1 billion, according to a report published by City AM. The UK-based beauty and ecommerce giant has secured a top-up facility of £195 million with Barclays, HSBC,...
CLICK HERE
Croda announces record profit; up 7.7 percent for 1H 2018
Croda International has announced its half-year results for the six-months ended June 30, 2018. The specialty chemicals supplier saw sales increase 3.6 percent at constant rates (down 0.6 percent in reported currency) compared to the same period in 2017. Profit before...
CLICK HERE
L’Oréal 1H: shares fall as consumer division disappoints in second quarter
L’Oréal saw 3 percent wiped off the value of its shares as the market absorbed its half year results last week, according to a report published by Reuters. The French beauty giant saw sales grow 6.6 percent in like-for-like terms (up 7 percent in constant currency but...
CLICK HERE
Peninsula buys minority stake in Kiko
UK private equity fund has invested some €80 million in Italian mass market make-up brand Kiko, in return for a 33 percent share in the company, according to a report published by Reuters. The Percassi-owned make-up brand will pile the investment into growth in India,...
CLICK HERE
Avon appoints General Manager to drive growth
Avon has announced Marco Brandolini as VP and General Manager for Italy and the Mediterranean, effective September 1. Brandolini joins the direct sales company from Herbalife Nutrition where he has worked for 13 years, most recently holding the role of EMEA VP of...
CLICK HERE
Pierre Fabre appoints CEO for Dermo-Cosmetics arm
Pierre Fabre has named Nuria Perez Cullell CEO of its Dermo Cosmetics division, effective August 20, according to a report published by WWD. Perez Cullell will take over from Eric Ducournau, who has been appointed group CEO. She is charged with overseeing the...
CLICK HERE
Bespoke fragrance at barely-there prices: H&M launches ‘wardrobe’ of mix-and-match fragrances for individualistic millennials
H&M has announced the launch of a new 25-strong fragrance collection, which it (rather fittingly) describes as a ‘wardrobe’ of scent. The fast fashion retailer’s new range is divided into three distinct groups – singles that revolve around one note, Reveries which...
CLICK HERE
Expect a travel retail boom: New scanner could end airport liquid restrictions
A new scanner, currently being trialled at London’s Heathrow Airport, could mean passengers can once again carry liquids in their hand luggage without restriction, according to a report published by the BBC. The trial will last between six months and a year, with...
CLICK HERE
LVMH Q2 2018: Revenue rises 11 percent sending first-half profit up 28 percent
LVMH is celebrating an impressive performance over the first half of the year. Sales rose 11 percent over the second quarter to bring revenue for the first six months of the year to €21.8 billion, an increase of 10 percent compared to the same period a year ago....
CLICK HERE
BASF to expand capacity of integrated ethylene oxide at Antwerp site?
BASF is considering a significant expansion of its integrated ethylene oxide complex at its Verbund site in Antwerp. The project will enlarge capacity for ethylene oxide as well as several downstream derivatives such as surfactants. BASF is the largest producer of...
CLICK HERE
L’Occitane Q1 2019: Sales up 12.3 percent as LimeLife boosts US growth
L’Occitane has issued an unaudited trading update for the three months ended June 30, 2018. The natural cosmetics retailer saw sales rise 12.3 percent at constant rates (6.2 percent at actual rates and 3.6 percent like-for-like) to €296.8 million. The US, Hong Kong...
CLICK HERE
Avon drags itself into the 21st century with YouTube tutorials and Whatsappable catalogue
As part of its transformation plan, Avon is mixing up its marketing tools with drag queens starring in Brazilian video ads and an online brochure that can be sent to clients via What’s App launched in 12 markets, according to a report published by Bloomberg. “What’s...
CLICK HERE
Giorgio Armani Beauty named official sponsor of Venice Film Festival
L’Oréal-owned Giorgio Armani Beauty has announced its partnership with the 75th Venice International Film Festival as Official Beauty Sponsor. The brand, who counts actress Cate Blanchett as global beauty ambassador, will provide the official make-up to the festival’s...
CLICK HERE
Will Kimberly Clark sell European tissues business?
Kimberly Clark is said to be considering the sale of its European tissues business, according to a report published by Reuters. Valued at approximately US$1.2 billion, the portfolio includes Andrex, Scottex and Hakle brands. Kimberly-Clark is said to have put the...
CLICK HERE
NPD: Henkel opens Beauty Insights Center in Dusseldorf
Henkel has cut the ribbon on a new consumer testing facility in Dusseldorf. The Beauty Insights center, as the site will be known, will allow the German FMCG giant’s beauty care experts to observe consumer habits and use these insights to develop and design new...
CLICK HERE
Snapchat cosies up with Nielsen to allow clients to better target ads
Snapchat and Nielsen have shaken on a new agreement that will allow the social media app’s clients to use the research firm’s offline purchase data in order to better target their advertising, according to a report published by The Drum. Advertisers will now be able...
CLICK HERE
No free trade here: UK Sephora fans barred from accessing US site
Sephora fans from the UK and Netherlands have been taking to social media to mourn the loss of their ability to shop via the prestige retailer’s US website, according to a report published by Allure. The LVMH-owned specialty retailer has confirmed that UK and...
CLICK HERE
A ‘dirty secret’: Burberry trashes £10 million-worth of perfume ‘to keep brand exclusive’
As a result of the transfer of its beauty business to Coty in April, Burberry is said to have disposed of some £10 million worth of cosmetics and perfumes, according to a report published by the BBC. In total, the British luxury fashion label burnt goods valued at up...
CLICK HERE
Givaudan first half: Sales up 5.6 percent thanks to a ‘strong recovery’ of high-growth markets
Givaudan has revealed its results for the first half of the current financial year. The Swiss flavors and fragrances manufacturer saw sales rise 5.6 percent on a like-for-like basis during the first six months of the year (7.7 percent in local currency) to reach...
CLICK HERE
P&G announces new Marketing Director for Northern Europe
Procter & Gamble has named a new Marketing Director for Northern Europe as Stefan Feitoza moves to a new role as Vice President for the Baby and Fem Care business in Latin America, according to a report published by The Drum. Katherine Newby-Grant will oversee...
CLICK HERE
Sales lower-than-expected at Unilever as Brazilian truck strike bites
Unilever has reported its results for the second quarter of the current financial year. Underlying sales growth (excluding spreads, which was officially divested on July 2) came in at 2.7 percent for the first half, around 60 bps lower than expected thanks to the...
CLICK HERE
The Hut Group to support ‘international growth’ plans through Language Connect acquisition
Beauty tech firm The Hut Group has announced the acquisition of Language Connect, a company that specialises in language translation and localization services, according to a report by WWD.com. The purchase is said to be a significant investment that will help make...
CLICK HERE
Elemis promotes Noella Gabriel to company President
Elemis has announced the promotion of Noella Gabriel to company President, effective immediately. Gabriel most recently held the position of Managing Director UK and EU where she worked with co-founders Séan Harrington and Oriele Frank, having been said to have...
CLICK HERE
Eurazeo Brands buys minority stake in Pat McGrath Labs for US$60 million
Eurazeo Brands has acquired a minority stake in Pat McGrath Labs for US$60 million. Terms of the deal were not disclosed but industry analysts suggest that the investment would amount to a 5 to 8 percent stake in the make-up artist’s beauty business, which is valued...
CLICK HERE
German court greenlights Coty’s Amazon ban
The Higher Regional Court of Frankfurt has ruled in favor of Coty in a battle with its distributers over online sales platforms, according to a report published by Lexology. Coty sought to prevent distributors from selling its products via third party platforms such...
CLICK HERE
The Body Shop tempts over L’Occitane top dogs to realize Natura &Co’s ambitious growth plans
The Body Shop has announced the appointment of four new senior leaders in a bid to support future growth. Domenico Trizio has been appointed Chief Operating Officer while Lionel Thoreau has been named to the newly created position of Global Brand Director. Both hail...
CLICK HERE
Amazon Q2 2018: Health and beauty sales soar as shoppers switch from bricks and mortar
One Click Retail has published two reports on Amazon’s Q2 sales for the Health, Personal Care (HPC) and Beauty categories in the US and the UK. In the US, the research organization estimates that the HPC and Beauty categories generated nearly US$2 billion in sales in...
CLICK HERE
Astral Brands acquires Butter London to boost ‘clean’ portfolio
Astral Brands has announced the acquisition of prestige beauty brand Butter London. Backed by Encore Consumer Capital since 2014, Butter London is best known for its nail varnish range, having recently branched out into make-up such as lip and eye products. Following...
CLICK HERE
ASA rejects misleading product packaging claim in Beiersdorf case
The Advertising Standards Agency has rejected a claim that the packaging on the product information page for Nivea Men Sensitive Moisturiser was misleading, concluding that the claim of ‘0% alcohol* - no burning*’ would not misinform consumers. The ruling follows a...
CLICK HERE
Primark’s PS… cosmetics range achieves Cruelty Free International Leaping Bunny certification
Budget UK retailer Primark has announced that its PS… own brand cosmetics range has been awarded the Cruelty Free International Leaping Bunny certification. The range, which includes make-up, skincare and haircare products, will now have the Leaping Bunny logo added...
CLICK HERE
Procter & Gamble: Is the personal care giant in the running to acquire Bristol-Myers Squibb unit?
Procter & Gamble has been lauded as one of the companies in the running to make a bid for Bristol-Myers Squib European OTC unit Upsa, according to Reuters sources. P&G has been named alongside Stada, Zentiva, Mylan and Recordati as possible bid makers, with...
CLICK HERE
Blue Gem acquires Iconic London beauty brand
Private equity firm Blue Gem LP has acquired global beauty brand Iconic London three years after the brand’s launch. The acquisition will add to Blue Gem’s growing beauty division, which includes QMS Medicosmetics, and will see a huge US roll out of Iconic London...
CLICK HERE
New plant-based glitter brand Bioglitter announces approved resellers scheme
New biodegradable glitter brand Bioglitter has announced an approved resellers scheme that is designed to assure customers of the ‘green’ nature of the product. According to parent company Ronald Britton, the new approved Bioglitter brand licensee scheme will allow...
CLICK HERE
Duty free set to benefit from imposing trade war, says Dufry
The looming trade war between the world’s biggest countries could be set to benefit the duty free industry, says the world’s largest duty-free retailer Dufry. Speaking in an interview with Bloomberg.com, Chief Executive Officer Julian Diaz said that tax-free airport...
CLICK HERE
‘Trust is the new currency’ – L’Oréal sees GDPR silver lining in data cull
L’Oréal has stated it is welcoming the unintentional data clear up that has emerged as a result of the recently implemented EU General Data Protection Regulation (GDPR), stating that it is helping the company target specific consumers who genuinely want to interact...
CLICK HERELATEST NEWS
