RPC to acquire British Polythene Industries for £261 million
RPC has made an offer to buy British Polythene Industries (BPI), a plastic film recycling and manufacturing company, as part of its over-arching Vision 2020 strategy to consolidate in Europe, according to a report published by Plastics Today. The cash-and-stock...
Soap & Glory reports £2.6 million loss after Walgreens Boots Alliance acquisition
Personal care line Soap & Glory has reported a sharp fall in sales and an overall loss for the 17 months to August 31, 2015 following its acquisition by Walgreen Boots Alliance in 2014, according to a report published by thisismoney.co.uk Sales fell to £12.8...
Louis Vuitton to launch first scent in 70 years
Louis Vuitton is set to launch its first fragrance in 70 years. The famous fashion and accessories brand revealed on its blog, LV Now, that it is preparing for a September 2016 launch. Les Parfums Louis Vuitton has been four years in the making, with in-house perfumer...
L’Oréal teams up with IBN-One to develop first commercial bio-isobutene plant
L’Oréal has partnered with Global Bioenergies, IBN-One and Cristal Union on a 44-month project to develop the first commercial bio-isobutene plant worldwide, according to a report published by Labiotech. The project is backed by the French government’s Investissements...
Queen Elizabeth II’s beauty must-haves revealed
Queen Elizabeth II relies on barley water to maintain her complexion, according to a report published by the International Business Times. The nonagenarian, who celebrated her birthday this weekend, is said to have drunk a preparation daily. However, the British...
Unilever contributes to £1 million investment for beauty on demand provider Blow
London-based beauty-on-demand company Blow has received £1 million worth of investment, with £500k coming from Unilever Ventures, the venture capital and private equity arm of Unilever. The other funding was received from around 200 investors, with many contributing...
PZ Cussons appoints new Non-Executive Chair
Caroline Silver is to succeed Richard Harvey as the Non-Executive Chair of personal care giant PZ Cussons. Effective 1st January, 2017, Silver is currently Non-Executive Director of the company as appointed in April 2014 and is also Senior Independent Director and...
L’Oréal holds number one slot as world’s most valuable personal care brand
Beauty giant L’Oréal has maintained its position as the world’s most valuable personal brand in the 2016 BrandZ Top 100 Most Valuable Global Brands ranking. L’Oreal saw a rise in value to $23.5 billion and has maintained its position thanks to a slew of new products...
UK skincare research start up Hexis Lab gains six figure investment
Newcastle-based skincare research start up Hexis Lab has received a £120k investment from Northstar Ventures as the company aims to offer its services to larger companies. With a focus on skincare R&D using natural ingredients and targeting various skin types and...
Imperial Innovations sells remaining shares in Alkion to Evonik
Imperial Innovations Group has sold its interest in Alkion Biopharma to Evonik. Evonik concluded a purchase agreement to take over the French start-up back in April. “Alkion has developed a unique set of technologies that allow it to sustainably produce and purify...
Drop in the ocean? UK schedules parliamentary hearing on microbeads in cosmetics
The UK looks set to follow the US by banning the use of microbeads in personal care products, according to a report published by the New Scientist. A parliamentary hearing, scheduled to take place tomorrow, will debate the issue. “Cosmetics companies need to clean up...
Firmenich joins forces with Global Compact Network Switzerland to improve worldwide water and sanitation
Flavor and fragrance business Firmenich has hosted the Global Compact Network Switzerland’s (GCNS) General Assembly in a bid to highlight its ongoing commitment to sustainability and improving access to clean water and sanitation across the globe. During the assembly...
AC Milan reaffirms partnership with Nivea Men
Italian soccer team AC Milan has renewed its global partnership with Beiersdorf-owned Nivea Men for three more seasons. Vice President and CEO for AC Milan, Barbara Berlusconi and Gaetano Colaucci, CEO for Beiersdorf Italy were present at the signing. The new contract...
Will Croda make FTSE 100? UK chemicals firm tipped for re-entry
Analysts are predicting a return to the FTSE 100 for UK chemicals company Croda this week, according to a report published by The Yorkshire Post. Croda was demoted from the index in December 2013 but, thanks to a 10 percent rise in pre-tax profit in 2015, the company...
AkzoNobel strikes partnership with China Pavilion at 2016 international Architecture Biennale
Chemicals manufacturer AkzoNobel has joined forces with the China Pavilion at this year's International Architecture Biennale in Venice, Italy in a bid to build on its commitment to improving and energizing urban communities around the world. The theme has been...
Child’s Farm named as UK’s fastest growing children’s toiletries brand
Hampshire-based specialist children’s toiletries brand Child’s Farm has seen off the likes of Unilever, Cussons and Johnson & Johnson to be the fastest growing toiletries brand in the UK. According to independent data supplied by Kantar, the company, which...
L’Oréal Men’s Expert unveils new advert starring Lewis Hamilton
L’Oréal Men’s Expert has unveiled its new advert for the Hydra Energetic range, which stars British racing driver Lewis Hamilton. Hamilton was unveiled as the face of the brand earlier this year and has starred in media campaigns to promote the men’s skin care range....
We need to work harder to succeed at Unilever; Joanthan Seville named IChemE’s new President
The Executive Dean of Engineering and Physical Sciences at the University of Surrey, UK, Jonathan Seville, has been named President of IChemE. In his inaugurational address, Seville pledged to lead a review of IChemE’s strategic direction and governance, as well as...
YSL Beauté to launch new women’s fragrance, Mon Paris
L’Oréal-owned YSL Beauté is set to launch a new women’s fragrance, some two years after its last big splash, Black Opium, according to a report published by WWD. Mon Paris, as the June launch will be known, recalls the brand’s roots, recalling the historic 1983 launch...
Estée Lauder details restructuring costs
Estée Lauder has announced details of its restructuring costs and charges as part of the Leading Beauty Forward initiative, which is said to total between $600 to $700 million. The Leading Beauty Forward programme is a three year plan that was announced this month,...
Sephora products to be stocked in all El Corte Inglés stores
US-based Sephora and Spanish grocer El Corte Inglés have announced that Sephora products will, over time, be rolled out within the supermarkets, with a new beauty department said to be created by the end of the year. The retail giant currently has 64 sales points in...
Glossybox takes stand against ‘abusive’ customers
UK-based beauty subscription service Glossybox has decided to take a stand against customers that leave abusive or aggressive comments on social media and has changed its business model to no longer tolerate or ‘apologise’ to said consumers. The successful...
The Body Shop transforms London’s Westminster Bridge to raise awareness for Bio-Bridges
UK-based beauty brand The Body Shop has made a dramatic attempt to raise awareness of Bio-Bridges by installing five six-foot moss covered monkeys on London’s iconic Westminster Bridge, which represent a rare and endangered species, the Red Shanked Douc found in the...
Givenchy make-up teams up with DS Automobiles to create customized car
LVMH-owned Givenchy and Citroën subsidiary, DS Automobiles have teamed up to design a limited edition of the New DS3 model, according to a report published by Forbes. The New DS3 Givenchy Le Makeup Limited Edition is said to have been inspired by Givenchy’s make-up...
Evonik creates new crowd-sourcing competition for college students
Evonik has launched a new crowd-sourcing competition, encouraging students to produce innovative solutions to societal problems. The company is challenging students to come up with new ideas around tamper-resistant and abuse-deterrent formulations in pharmaceutical...
Chanel names Lily Rose Depp new face of No 5 L’Eau
Chanel has appointed Lily Rose Depp as the face of its latest campaign for its No 5 L’Eau fragrance, according to a report published by Dazed. The actress and model will star in the autumn/winter promotion, directed by Johan Renck. Chanel said the 16-year-old daughter...
Profit up at Henkel as emerging markets deliver 6.3 percent sales growth for 1Q 2016
Henkel has reported a rise in profit for the first quarter of the financial year on the back of strong sales in emerging markets. Adjusted net profit was up 7.6 percent to €549 million for 1Q 2016. Sales hit a value of €4.456 million, with organic sales up 2.9 percent...
Oriflame Q1 sales beat expectations while profits remain in line with expectations
Swedish direct sales cosmetics company Oriflame has reported a 10 percent rise in local currency sales for Q1 2016 ending March 31, while operating profit was at Euro 21.1 million compared to 23 million last year. Euro sales didn’t fare so well with a year on year...
Russian beauty brands look to export market to find new growth avenues
Many Russian beauty brands are looking to export to international markets as they seek new sales avenues due to the stinted domestic market. In a bid to boost growth amidst Russia’s shrinking GDP, local companies are looking to expand internationally to offset the...
Managerial reshuffle for Coty UK beauty divisions
UK-based Coty has made a series of managerial appointments for its UK beauty divisions including its consumer beauty division. According to WWD, Coty has appointed Daniel Minney as General Manager for the company’s consumer beauty division while Alex Vaganay has been...
Makeover: Dyson launches into beauty electricals with the launch of first hairdryer
Vacuum specialist Dyson has launched onto the beauty market with a bang, unveiling its first hairdryer. The Dyson Supersonic was four years in the making, with development costing a whopping US$71 million, spanning 600 prototypes. The hairdryer boasts a V9 digital...
ASA ban GSK toothpaste advert due to ‘bogus claims’
An advertisement showing in the UK for GlaxoSmithKline’s Aquafresh toothpaste brand has been banned by the Advertising Standard Agency due to bogus claims that it provided ’24 Hour Sugar Acid Protection’. The ASA has suggested that the company is unable to back up the...
PZ Cussons to capitalize on in-shower tanning success with launch of St Tropez darker shade
Personal care giant PZ Cussons is set to launch a darker version of its hit St Tropez in-shower tanning lotion, which helped the company report record sales last year. St Tropez, which holds nearly a third of the British self-tanning market, is set to launch the...
Inter Parfums reports Q1 sales despite French tax settlement
Fragrance house Inter Parfums has reported Q1 net sales of $111.5 million, a rise of 2 percent year on year, despite agreeing to a hefty $1.9 million for a previously disclosed and pending tax assessment and settlement with the French Tax Authorities during the same...
IFF reports better-than-expected Q1 earnings results
International Flavors & Fragrances has reported a profit of $1.47 earnings per share for Q1, beating analyst consensus estimate of $1.40 by $0.07. Revenue was also up on expectations, at $783.30 million it exceeded analyst forecasts of $772.11 million, a year on...
Sales up 14 percent at Symrise for 1Q 2016
Symrise has kicked off the financial year with a bang with a 14 percent rise in sales in local currency, or 10 percent in reporting currency, to €731.8 million. EBIDTAN grew 6 percent to €158.5 million, with a margin of 21.7 percent. In regional terms, Latin America...
‘Pushing the boundaries of acceptability’: Reckitt Benckiser shareholders up in arms over CEO’s pay in wake of Korea scandal
Reckitt Benckiser’s shareholders have registered their disgust over a proposed £23.2 million pay package for CEO Rakesh Kapoor, according to a report published by Bloomberg. Some 18 percent of voters rejected the UK-based FMCG manufacturer's remuneration report and 24...
Biotherm teams up with David Beckham to create skin care line
L’Oréal-owned Biotherm has signed a two-part deal with soccer-star David Beckham to produce a line of dedicated skin care and body products under the Biotherm Homme line, according to a report published by WWD. The first phase of the deal will see the UK footballer...
Evonik U-turns on sale of specialty plastics business as it closes Air Products deal for US$3.8 billion
Evonik has announced that it will not put its performance materials business up for sale, according to a report published by Reuters. CEO Klaus Engel told analysts on a conference call that a sale was no longer ‘on the agenda’. The specialty chemicals giant has agreed...
H&M set to rival beauty competitors with launch of make-up range in Australia
Swedish clothing brand H&M is about to take the Australian cosmetics world by storm with the launch of its 700 SKU make-up range this year. The make-up range, which will no doubt draw comparisons to likes of own label ranges from Sephora and Mecca, will comprise...
Beiersdorf results show sluggish sales growth weighed down by adhesives business
Personal care giant Beiersdorf has reported slow organic sales growth of 2.4 percent to €1.673 billion for the three months ending March 31, 2016, which was held back by a decline in its Tesa adhesives business. Sales were down 1.9 percent from last year’s €1.706...
EU court refuses L’Oréal trademark application appeal
The European Union Intellectual Property Office (EUIPO) has rejected a trademark claim appeal lodged by L’Oréal regarding its original decision to uphold opposition from Portugese company Theralab - Produtos Farmacêuticos e Nutracêuticos. Vichy Laboratories, part of...
Givaudan celebrates opening of new Switzerland-based innovation centre
Swiss flavors and fragrance maker Givaudan has begun construction on its new innovation centre in Kemptthal, Switzerland, cementing its biggest investment in a research centre thus far. According to the company, the new CHF 120 million research centre, set to open in...
L’Oréal UK and Ireland focuses on CRM with appointment of Rapp
Beauty giant L’Oréal and Ireland has appointed digital agency Rapp, which secured its position as part of a three-way pitch, to deliver a multiway CRM technology solution. Following L’Oréal’s strategic plan to create personalisation and 'the desire to deliver...
EU approves zinc oxide and potassium hydroxide for use in cosmetics
The EU Commission has published two regulations, amending its cosmetics legislation to allow the use of zinc oxide and potassium hydroxide in certain cosmetic products from May 21, according to a report published by Chemical Watch. Potassium hydroxide will be approved...
Unilever to boost coffers with launch of premium oral care line Regenerate
As deflation threatens across the Eurozone, Unilever is hoping to boost profits with the launch of a new range of premium oral care products, according to a report published by Bloomberg. The company has teamed up with dental researchers to produce Regenerate, as the...
Kering appoints new Senior Vice President of Communications and Image
French luxury goods firm Kering has appointed Valerie Duport Senior Vice President of Communications and Image, effective immediately. Duport joins Kering from Chanel, where she held the role of International Director of Press Services and External Relations. Duport...
BASF chief: We will continue to refine our portfolio in 2016
BASF CEO Kurt Bock has revealed that the company is set to refine its product range over the course of this year, according to a report published by Bloomberg. The company is also on the look-out for potential acquisitions. “I know there is some expectation that there...
Male beauty brand MMUK gains momentum as awareness grows
UK-based male beauty company MMUK is driving forward towards a £1m annual turnover following what’s said to be a growing awareness amongst male consumers regarding the power of make up. The independent men’s make up brand had humble beginnings following founder Alex...
Benefit teams up with Endemol to create YouTube channel starring Fearne Cotton
Beauty brand Benefit has been announced as the brand partner for the new YouTube channel created with Endemol that will show female lifestyle content, hosted by TV star Fearne Cotton amongst others. The channel, called Pretty Upfront, will put three fresh pieces of...
LATEST NEWS
