Albéa acquires metal parts manufacturer Covit
French packaging company Albéa has announced the 100 percent acquisition of metal parts manufacturer Covit, based in Torelló, Spain, from PHI Industrial private equity fund. The acquisition of Covit will enable Albéa to develop as a global supplier of metal parts,...
CLICK HERE
Coty factory up for sale ahead of planned October closure date
Coty’s UK Seaton Delaval factory is up for sale ahead of the planned closure date of October, 2018, with some 400 jobs set to be lost should no buyers come forward. The planned closure was announced last year following a business review by Coty after its acquisition...
CLICK HERE
L’Oréal appoints Jean Claude Le Grand as Executive Vice President HR
L’Oréal has appointed Jean Claude Le Grand as Executive PR of Human Resources, who will succeed Jérôme Tixier, effective 1 July, 2018. Tixier has held various positions at L’Oréal since joining the company, beginning his career as an internal auditor, before moving on...
CLICK HERE
Croda celebrates record profit for FY2017
Croda has reported a record pre-tax profit of £314.1 million for fiscal 2017, up 13.9 percent on 2016’s results. Sales were also strong, growing 10.4 percent over the year to £1,373.1 million, driven by ongoing focus on premium, faster growth niches in personal care,...
CLICK HERE
Unilever: Half the start-ups we work with will be female-led by 2023
Unilever has pledged to up investment in female-founded start-ups, according to a report published by The Drum. Currently, some 23 percent of investment made by Unilever in start-ups is channeled into female-led businesses. The Anglo-Dutch FMCG giant has committed to...
CLICK HERE
Estée Lauder reviews €30 million media buying account for Europe, Middle East and Africa
Estée Lauder is reviewing its media buying accounts across the Europe, Middle East and Africa region, according to a report published by Campaign. The US prestige beauty giant is said to be looking to up spend in growth markets with CEO Fabrizio Freda quoted as saying...
CLICK HERE
All signs point to the Netherlands: Will Unilever dump May and the UK?
As Unilever prepares to issue a decision on its dual legal structure, expected in March, the UK government is said to be preparing for the worst, according to a report published by The Financial Times. An unnamed UK official, briefed on the discussions that have taken...
CLICK HERE
MAC launches cosmetics vending machine pop up for London Fashion Week
Cult beauty brand MAC has launched a new vending machine, which dispenses travel-sized products from its Little MAC range. The vending machine, promoted by MAC Global Senior Artist Dominic Skinner on his Instagram page, is a pop-up concept thought to be launched for...
CLICK HERE
Unilever unveils palm oil supply chain details in transparency move
Unilever has unveiled the complete list of palm oil suppliers and mills, which sees the personal care giant become one of the first industry behemoths to champion transparency in the tainted palm oil production industry. Using palm oil for its soaps and cosmetics...
CLICK HERE
Chanel gets personal with Farfetch partnership
Chanel has partnered with luxury e-commerce platform Farfetch to develop a series of digital tools aimed at targeting millennial shoppers and enriching its in-store experience, according to a report published by the Financial Times. The French fashion house will not...
CLICK HERE
P&G picks Southern European finalists in CEO Challenge
P&G held the Southern Europe final of the second edition of its CEO Challenge Europe Competition last week. Some 18 finalists, picked from a pool of 1,800 applications, were split into teams and charged with compiling a proposal on new business strategy and...
CLICK HERE
Beiersdorf on the hunt for new CFO as Jesper Andersen’s contract draws to a close
Beiersdorf has confirmed reports that it is set to recruit a new Chief Financial Officer, according to a report published by Reuters. Current incumbent, Jesper Andersen’s contract is due to end in June and will not be renewed, a spokesperson confirmed to Manager...
CLICK HERE
L’Oréal to open pop-up salon in Paris for Fashion Week
L’Oréal Paris is poised to open a pop-up hair salon in Paris for the duration of Paris Fashion Week, according to the Malay Mail Online. The Stylista Hair Bar will be open from March 3 through March 4 and open to the public. Stylists will be on hand to recreate runway...
CLICK HERE
Flat revenues send shares in Reckitt Benckiser to seven-year low
Shares in Reckitt Benckiser were the worst performing on the FTSE 100 yesterday as the Financial Times went to press, on course to experience its sharpest one-day fall in almost seven years, according to the publication. The drop was prompted by the FMCG giant’s...
CLICK HERE
Transparency drive update: Unilever to disclose fragrance ingredients for personal care brands
Unilever has announced that it will disclose fragrance ingredients used across its personal care brands online in Europe, starting with France and the UK. The initiative will be rolled out across all European countries by the end of 2018. The move, part of a...
CLICK HERE
Croda to acquire Plant Impact for £10 million
Croda Europe has announced that it has made a cash offer to acquire Plant Impact for approximately £10 million. "I’m delighted to be announcing Croda Europe’s intention to purchase Plant Impact,” commented Croda Group CEO Steve Foots. “This is high quality, novel...
CLICK HERE
Oriflame shares soar as 4Q profit beats expectations
Shares in Oriflame rose 16 percent after the company released its results for the fourth quarter of fiscal 2017, according to a report published by Bloomberg. According to Bloomberg’s account, Oriflame’s results often surprise analysts, with more than half of the last...
CLICK HERE
Beauty Banks not-for-profit organization to tackle ‘hygiene poverty’ within Britain
A recent report by charity In Kind Direct has found that ‘Hygiene Poverty’ is sweeping Britain, with new not-for profit organization Beauty Banks having been set up as a direct result of the findings in order to help tackle the crisis. The report has found that basic...
CLICK HERE
Lush two-day digital Summit covers environmental issues across the industry
Lush kicked off its two-day digital Summit yesterday, which spanned topics on human rights, animal rights and the environment, with discussions, debates, and activism taking place from campaigners and grassroots voices across the globe. The summit, broadcast live...
CLICK HERE
L’Oréal appoints McCann Paris as media agency for Vichy
L’Oréal has appointed marketing services company McCann Paris, part of McCann Worldgroup, as its new global advertising and marketing communications provider for its Vichy brand, part of its Active Cosmetics Division. The company is set to roll out a new global...
CLICK HERE
Apollo teams up with PGGM to boost bid for AkzoNobel’s chemicals unit
In a bid to clinch the deal for AkzoNobel’s hotly contested chemicals unit, Apollo has brought Netherlands pension fund PGGM on board, according to a report published by the Financial Times. If AkzoNobel decides to sell to Apollo, PGGM would be a minotiry co-investor....
CLICK HERE
L’Oréal, Kao, Colgate Palmolive and Natura recognized among Ethisphere’s 2018 World’s Most Ethical Companies
L’Oréal has been named as one of 2018 World’s Most Ethical Companies, a ranking compiled by the Ethisphere Institute. The French beauty giant has made the cut for the ninth year, and is one of only three in the health and beauty industry to be recognized in 2018. Kao...
CLICK HERE
Clean up your act: Unilever’s Weed pledges to cut ties with unethical digital media
Unilever’s Marketing Chief Keith Weed delivered a pledge to remove business from digital platforms that fail to protect children or that ‘create division in society’, according to a report published by The Drum. Addressing the IAB Annual Leadership Meeting as keynote...
CLICK HERE
Chanel unveils Coco Mademoiselle Eau de Parfum Intense
Chanel is breathing new life into its Coco Mademoiselle portfolio with the launch of Coco Mademoiselle Eau de Parfum Intense, according to a report published by Relax News. The campaign will be fronted by established brand ambassador Keira Knightley, with an...
CLICK HERE
We have what it takes: L’Oréal CEO says French beauty giant primed to buy €23 billion Nestle stake
The CEO of L’Oréal, Jean-Paul Agon has revealed that the French beauty giant is ready to buy Nestle’s €23 billion stake should the food manufacturer decide to sell, according to a report published by the Financial Times. “We have all the resources for that. We are...
CLICK HERE
Luxury sales boost L’Oréal Q4 sales
French beauty company L’Oréal reported a 5.5 percent rise in like-for-like sales for Q4, attributed to a rise in luxury sales with the figures slightly above analyst expectations. The growing appetite for premium products as well as high demand from Asian consumers...
CLICK HERE
Croda calls time on proposed Ashland merger
British specialty chemicals company Croda has called time on a possible merger with US competitor Ashland Global Holdings, according to a report by Reuters. While details of the discussions were not disclosed, it is thought the two companies held talks as recently as...
CLICK HERE
L’Oréal wins patent infringement case in UK high court
L’Oréal has emerged victorious in a patent infringement case against RN Ventures for infringing its patent and registered community designs through the sale of its Magnitone electronic facial skin care devices. Mr Justice Henry Carr ruled in L’Oréal’s favour during...
CLICK HERE
MAC opposes Irish fighter’s ‘Mystic Mac’ trademark application
MAC Cosmetics has opposed a trademark application filed by Irish professional mixed martial artist and boxer Conor McGregor, according to a report published by the Irish Times. The Lauder-owned brand claims that McGregor’s proposed ‘Mystic Mac’ trademark could be...
CLICK HERE
JOLYY to build Blockchain-powered platform for beauty salon bookings
Bulgarian start-up JOLYY is planning to build a Blockchain-powered platform which it says will revolutionize beauty salon booking systems, according to a report published by Coin Telegraph. “Many of the existing beauty booking platforms aren’t taking full advantage of...
CLICK HERE
Private equity firms vie for €10 billion AkzoNobel chemicals unit
Four major private equity firms are bidding in the second round of the auction to acquire AkzoNobel’s chemicals unit, according to a report published by the Financial Times. The value of the unit is pegged at €10 billion, making it likely to be one of the biggest...
CLICK HERE
World’s oldest supermodel, Daphne Selfe, 89, lands Eyeko contract
The world’s oldest supermodel, Daphne Selfe has landed a major cosmetics contract, aged 89, according to a report published by The Independent. Selfe is shown promoting the brand’s bespoke mascara as part of a video campaign that celebrates individuality in lashes....
CLICK HERE
Avon announces appointment of ex-Unilever President as new CEO
Avon has announced the appointment of Jan Zijderveld as Chief Executive Officer, effective immediately. Zijderveld joins the direct sales firm from Unilever, where until recently he served as a member of the Executive Committee and President of Unilever Europe. His...
CLICK HERE
Gisele Bundchen goes make-up free on Vogue Italia cover
Supermodel Gisele Bundchen has been featured on the cover of Vogue Italia wearing no make-up, according to a report published by Refinery 29. The cover is the magazine’s first make-up free cover. Shot by British photographer Jamie Hawkesworth and styled by Bundchen...
CLICK HERE
Sales up 4 percent at Unilever for 4Q 2017
Unilever beat analyst expectations to report its best performance in six quarters for the fourth quarter of the financial year, according to a report published by Reuters. The Anglo-Dutch FMCG giant saw underlying sales grow 4 percent in the final three-month period...
CLICK HERE
Safety of sprayable sunscreens containing nanoparticle titanium dioxide unsure, says European Commission SCCS
The safety of sprayable sunscreens that contain titanium dioxide is still uncertain, according to the European Commission’s Scientific Committee on Consumer Safety (SCCS), according to a report by Chemical Watch. According to the association, the inclusion of...
CLICK HERE
French watchdog DGCCRF finds faulty nano labelling on cosmetics
French inspections have uncovered faulty labelling on some cosmetic products in relation to nano ingredients, according to a report by Chemical Watch. Having checked nano labelling of some 40 samples of mascaras and eyeliners throughtout 2017, watchdog General...
CLICK HERE
Royal DSM and Evonik join forces to create new company Veramaris for the production of omega-3 fatty acids
Royal DSM and Evonik have announced the launch of its joint venture, new company Veramaris, which will produce omega-3 fatty acids EPA and DHA from marine algae, and has now received all final approvals. Initially announced in March 2017, the new company will be a...
CLICK HERE
We’ll succeed because Gillette is too expensive: Unilever’s Dollar Shave Club launches in the UK
Unilever has launched its Dollar Shave Club razor subscription service in the UK. The Anglo-Dutch FMCG manufacturer is hoping to hook new customers with a pop-up barber shop-cum-entertainment venue offering free shaves, live comedy and foosball, according to a report...
CLICK HERE
Givaudan: citrus shortage to send raw materials prices soaring
The CEO of Givaudan, Gilles Andrier is predicting that raw material prices will rise as much as 6 percent this year, twice the inflation experienced over the course of 2017, according to a report published by Bloomberg. Citral derivatives in particular are in short...
CLICK HERE
Unilever Ventures acquires minority stake in microbiome skin care brand Gallinée
Unilever Ventures is to make its first foray into the microbiome beauty sector. The company was named as lead investor in a Series A funding round for skin care brand Gallinée. “I am delighted to welcome Unilever Ventures as an investor,” said Gallinée Founder Marie...
CLICK HERE
Sell, sell, sell: activist investors call for drastic action at Avon
A group of activist investors spearheaded by Shah Capital is calling for Avon to sell up, according to a report published by CNBC. The shareholders are urging the company to explore strategic alternatives as the company continues to report weak sales. The group, which...
CLICK HERE
BASF hikes prices for pigments and dyes by 15 percent
BASF has announced that it will increase prices for pigments, dyes and preparations by 15 percent worldwide, effective immediately or as contracts allow. The rise has been prompted both by higher raw material costs for pre-cursors of pigments and dyes, and increased...
CLICK HERE
LVMH sales soar as Chinese shoppers snap up luxury products
LVMH has reported revenue of €42.6 billion for 2017, up 13 percent on the previous year. The company recorded an 11 percent rise in organic sales for the final quarter of fiscal 2017 with full year profit rising 18 percent to €8.3 billion. The luxury behemoth revealed...
CLICK HERE
All shapes and sizes: Babor launches unretouched skin care campaign; Revlon appoints plus-size spokesperson Ashley Graham
The beauty industry is catching up to the body positivity movement. Revlon has appointed Ashley Graham as spokesperson for the brand, the first ‘plus-size’ model to occupy the role in more than a decade, while Babor has become the first skin care brand to launch a...
CLICK HERE
L’Oréal’s UK headquarters sold to real estate investment club FORE partnership
The London-based L’Oréal UK headquarters have been sold to pan-European real investment club FORE Partnership for £58million, acquired from Standard Life Investments. The building, 255 Hammersmith Road, is located close to Hammersmith Tube Station and has 110,100 sq...
CLICK HERE
Henkel debuts world’s lightest three-piece steel aerosol
Henkel has unveiled a three-piece steel aerosol said to be the world’s lightest, according to a report published by Greener Package. The can, which was developed collaboratively with Ardagh Group for Henkel’s Schwarzkopf Drei Wetter Taft, boasts a wall thickness of...
CLICK HERE
L’Oréal’s first hijab wearing hair care ambassador quits over controversial comments
Just days after her appointment was announced, L’Oreal’s first hijab-wearing hair care ambassador has resigned from her role after anti-Israel comments she made via Twitter in 2014 came to light. “I recently took part in a campaign, which excited me because it...
CLICK HERE
Tropic Skincare Founder Susie Ma named by Forbes 30 Under 30
The Founder of Tropic Skincare, Susie Ma has been featured on Forbes’ notorious round-up of young entrepreneurs, 30 Under 30, under the Retail and E-commerce category. “It is such an honor to be included on 2018’s Forbes 30 Under 30 list alongside other extraordinary...
CLICK HERE
Walgreens Boots Alliance poaches Dixons Carphone CEO
The Group Chief Executive of Dixons Carphone, Sebastian James, is set to stand down from his role and join Walgreens Boots Alliance as Senior Vice President and President and Managing Director of drugstore chain Boots, according to a report published by the Financial...
CLICK HERELATEST NEWS
