The Body Shop announces plans to rejuvenate business
Arnaud Jeanteur, General Manager of The Body Shop International, has opened up about plans to revamp the business after confessing the family favourite had ‘lost its way’. Speaking to Life in Ubud, Bali, Jeanteur confessed that the reaction to the brand in recent...
European natural and organic personal care market set to grow from 2014 to 2019
According to a new report by Research and Markets the natural and organic personal care market is set to grow at a CAGR of 9.58 per cent during 2014 to 2019. Key drivers in the market are said to be L’Occitane, L’Oreal, Oriflame, Yves Rocher and Weleda, while the hair...
Unilever’s new manufacturing centre set for green light
A new Advanced Manufacturing Centre proposed by Unilever is set to be given the green light. The centre, set for development at Unilever’s Port Sunlight, will allow scientists and engineers to test for new personal care products. Wirral Council is to review the...
Direct sales company Oriflame beats expectations with Q2 operating profit
Swedish cosmetics maker Oriflame has beaten forecasts with its Q2 earnings, with sales in the third quarter having so far risen by four per cent. The company’s operating profit fell to 29.6 million euros, which beat a mean forecast by a Reuters panel of analysts of...
UK male claims Crest teeth whitening products caused hole in throat
An English man has suffered an extreme allergic reaction to Crest 1hr Express Strips, according to the Huffington Post. Jake Barrett, 22, was said to have noticed a painful sac under his tongue 48 hours after using the tooth whitening kit, and was said to be unsure as...
Consumers favour herbal cosmetics, claims new report
According to a new report, the market share for herbal beauty products has increased considerably in comparison to synthetic products thanks to their popularity with consumers. Products such as herbal skin care, hair care and make up items are said to be on the rise...
Coty reports flat like-for-like net revenues for Q4 2015 results
Global beauty manufacturer Coty has reported flat like-for-like net revenues for its Q4 2015, at $4,395.2 million. However, net income grew to $232.5 million following a loss in the comparable period of 2014. According to Euromonitor, this has been a positive...
Cosmetic brands team up with Lucasfilm for Star Wars promotional campaign
Covergirl, Max Factor and five other global brands have teamed up with Lucasfilm to take part in a historic promotional campaign in support of Star Wars: The Force Awakens that opens in December. The global brands were chosen to take part in the campaign for the next...
Henkel reports core profit increase
Henkel has reported a 14 per increase in core profit in the second quarter of 2015. The maker of Schwarzkopf hair products put the increase down to strong demand for its detergents in Eastern Europe and Latin America, and currency effects. However, Henkel’s adhesive...
Personal lubricant brand K-Y to be licensed in the UK for eight years
Due to the potential for a price increase, personal care company Reckitt Benckiser was ordered to licence its new purchase of the K-Y personal lubricant brand to a competitor in the UK for eight years. UK regulator Competitions and Markets Authority has requested the...
Givaudan creates dedicated human resources position on Executive Committee
The world’s leading flavors and fragrances company, Givaudan has created a dedicated position for human resources on its Executive Committee. The current Head of Human Resources for Frangances, Simon Halle-Smith will become a member of the Executive Committee with...
L’Oréal predicts online sales boom for 2015
Personal care behemoth L’Oréal has predicted a stand-out year in terms of its e-commerce sales, expecting to book 1 billion euros by the end of 2015. According to the Director of Investor Relations, Francoise Lauvin, the company is set to join the world’s elite in...
Burt’s Bees boosts sales for The Clorox Company
The Clorox Company has reported $191 million in overall profit, with the main driver being personal care brand Burt’s Bees. The beeswax-based cosmetics line is part of Clorox’s lifestyle line and reported mid-single-digit volume and sales gains, according to the...
Church & Dwight reports Q2 sales growth of 5.1%
Strong organic sales have boosted Church & Dwight’s second quarter results with an adjusted EPS of $0.73 or a 12.3 per cent year on year increase. Net sales for the same quarter increased $38.8 million, equivalent to a 4.8 per cent growth to $847.1 million, while...
DSM Nutritional Products and Evonik join forces to develop algae-based omega-3 fatty acid
A joint partnership between DSM and Evonik will see the development of algae-based omega-3 fatty acid products. In a bid to meet demand for omega-3 fatty acids the two companies will utilise naturally occurring marine algae using sustainable, biotechnological...
Product testing firm Intertek Group reports increase in first-half underlying revenue growth
Intertek group has reported a nine per cent jump for its shares – its highest level since May – thanks to maintaining its full year guidance and reporting an improvement in first-half underlying revenue growth. The company saw a 1.4 per cent rise to £1.01million in...
Beiersdorf exceeds industry expectations with Q2 results
Beiersdorf has reported earnings before interest and taxes, excluding some items, increased 17 per cent in the three months ending June 2015. Rising to 250 million euros, the company has beaten analyst expectations of 246 million euros. The makers of Nivea cream and...
Oral care products fall foul of Russia’s new alcohol regulations
In a bid to crack down on excessive alcohol consumption, the Russian government has tightened restrictions on the sale of products containing alcohol. Manufacturers and retailers of products containing more than 0.5 percent alcohol must obtain a special license from...
EU and US ‘make progress’ in 10th round of talks to create world’s largest legislated trade zone
The United States and European Union are said to have ‘made technical progress’ in discussions regarding regulatory cooperation at the 10th round of negotiations for the Transatlantic Trade and Investment Partnership Treaty (TTIP), a pact which seeks to create the...
BASF and Solazyme join forces to create first commercially available betaine surfactant derived from microalgae oil
A new commercial surfactant derived from microalgae oil has been launched to market by BASF and Solazyme Inc, the first of its kind. A high performance algal betaine for use in home and personal care, it is being marketed as an alternative to amidopropyl betaine in...
Demand for organic beauty and personal care products drives predicted growth in Russian market
A new report states that an increased demand for natural and organic products will see the Russian beauty and personal care market to grow at a CAGR of 7.62% during the 2014-2019 period. As a result there is also increased demand for specialised shops that sell...
Cosmetic and personal care behemoths report mixed results for Q2
L’Oréal, Procter & Gamble and Colgate-Palmolive have reported mixed results for their Q2 sales. Colgate-Palmolive has reported a net income of US$574 million in the second quarter of 2015, down from US$622 million in the same period last year, matching the FactSet...
Turkey ends animal testing for cosmetics
Turkey has joined the ranks of the European Union, Isreal, Norway and India by introducing a ban on the sale of cosmetics that have been tested on animals, according to The Daily Sabah. The country’s Pharmaceuticals and Medical Devices Administration has added an...
BASF ‘milks’ Plant Advanced Technologies for defence biomolecules to boost 2015 sales
A French start-up is attracting high-profile clients such as BASF and Chanel thanks to a patented technique it is using to ‘milk’ biomolecules from plants. Plant Advanced Technologies specialises in the production of defence biomolecules, which are produced when...
Givaudan goes small to grow big; world’s biggest fragrance manufacturer targets new regional customers
The world’s biggest flavors and fragrances manufacturer is hoping to secure business from smaller, regional customers to mitigate a slowdown in demand from the FMCG giants, according to a report published by Reuters. “Going forward, it’s really about continuing to...
High valuations encouraging companies to sell up in heated flavours and fragrance market
Companies are being encouraged to sell their businesses thanks to high valuations, said Gilles Andrier, CEO of Givaudan, the world’s largest flavours and fragrance company, in a recent interview. The comments follow a host of high valuations as companies ramp up their...
Croda puts sales and profit boost down to increased demand for anti-ageing skin care products
Yorkshire-based natural chemicals firm Croda International has reported record sales of new products, thanks in part to global demand for anti-wrinkle creams. Strong innovation has contributed to a 20% year on year increase of new patented products, to a record 26% of...
PZ Cussons reports drop in profits as it pays Greek suppliers in cash amid economic crisis
As the economic crisis takes hold PZ Cussons has reported it is paying suppliers in cash and receiving cash payments from supermarkets and small grocery chains. Sales have reported to have dropped to £50m during the year. However, owner of brands such as St Tropez and...
Coty wins victory against counterfeiters as ECJ declares IP Rights Enforcement Directive trumps national banking secrecy rules
In a move that will be cheered by beauty companies struggling against counterfeiters, the European Court of Justice (ECJ) has ruled that brand owners seeking to discover the source of counterfeit products cannot be refused access to information ‘in an unlimited and...
Givaudan shares jump 5.8 percent as company reports surprise 11.2 percent increase in 1H net profit
Givaudan’s cost-cutting efforts have clearly paid off as the flavors and fragrance producer announced an 11.2 percent increase in net profit for the first half of 2015. Net profit for the six months to June 30 rose from CHF305 million in 2014 to CHF339 million this...
M&H Plastics to close newly-acquired Depiction’s Market Drayton site; 40 jobs at risk
Following its acquisition of Shropshire-based plastic tubes and caps firm Depiction, M&H Plastics (RPC Group) has announced its intention to move production to Suffolk, putting 40 jobs at risk, according to a report in the Shropshire Star. Family-owned Depiction...
Efforts to tackle global deforestation risk being side lined, says Unilever Chief Executive
Unilever Chief Executive Paul Polman has warned that a more ambitious approach to funding forest protection is needed, or risk the project being sidelined at the upcoming Paris Climate Summit. The upcoming Summit will follow recent UN climate talks in Bonn which saw...
Unilever on the hunt for new Chairman
Unilever is looking to appoint a new Chairman to replace Michael Treschow, according to a Sky News report. The company is yet to confirm whether it is looking beyond its pool of non-executive directors, but is said to have hired head-hunting firm Russell Reynolds...
GEKA appoints former OEKA owner CEO of newly formed OEKA Tech Automotive
As part of its acquisition of OEKA Oehlhorn GMBH, GEKA Group has transferred the activities of former OEKA division OEKA TECH to a new company, to be known as OEKA Tech Automotive. Former owner and CEO of OEKA Oehlhorn, Gerald Oehlhorn has been appointed CEO of the...
EU safety watchdog: the concentration limit for methylisothiazolinone in cosmetic products should be lowered to 15ppm
The European Commission’s Scientific Committee on Consumer Safety (SCCS) has advised that the concentration limit for the use of preservative methylisothiazolinone (MIT) in cosmetic products should be lowered. The EU currently permits MIT in a concentration of up to...
P&G chief Irwin Lee to join Morrisons as Non-Executive Director
Vice President and Managing Director for Proctor & Gamble Northern Europe, Irwin Lee, is set to join Wm Morrison Supermarkets as a Non-Executive Director in September. Lee, who is due to retire from the FMCG giant on August 30, is said to be looking forward to...
BASF signs R&D agreement with Poietis for 3D bioprinting technology
German speciality chemicals supplier BASF has signed a research and development agreement with French firm Poietis, the first company in the world for 3D laser-assisted bioprinting, to apply the ground-breaking technology to BASF’s proprietary skin equivalent model...
Feeling blue: Beiersdorf defends Nivea’s trademark color in Unilever retrial
Germany’s Federal Court of Justice has ordered a new hearing in the long-running battle between Unilever and Beiersdorf over a national trademark the latter owns for the shade of blue that forms part of its Nivea branding. The German company will be able to defend its...
Avon sells Liz Earle skincare brand to Walgreens Boots Alliance for £140m
Avon Products has sold natural skincare brand Liz Earle to Walgreens Boots Alliance for £140m. Having acquired Liz Earle in March 2010, Avon has managed the brand as a standalone business, separating it from the company's core direct-selling operations. The...
German chemical company Merck aquires Isreali quantum materials firm Qlight Nanotech
Known for its high tech healthcare products, German chemical company Merck has revealed that it is due acquire a 100 percent controlling stake in Israel-based quantum materials company Qlight Nanotech. Merck plans to utilize Qlight Nanotech’s Jerusalem-based research...
Evonik acquires shares in burn treatment solution specialists JaNaCell
Speciality chemical company Evonik has acquired shares in German company JaNaCell, which specializes in producing burn treatment solutions containing active ingredient nanocellulose. The transaction was completed through Evonik’s venture capital arm; the exact volume...
Unilever snaps up Murad skin care for growing prestige portfolio
Unilever’s mission to become a key player in the prestige sector continues. The Dutch manufacturer announced that it has signed an agreement to acquire leading clinical skin care brand Murad on Thursday. The LA-based doctor line will join REN, Kate Somerville and...
Flavours and ingredients company Frutarom acquires flavors Foote & Jenks for US$4m
Israel-based flavors ingredients company Frutarom has completed its acquisition of US-based flavors extracts company Foote & Jenks for approximately US$4 million. The acquisition is part of an ambitious expansion plan for Frutarom and is the eighth that the...
EU maximum concentration limit for leave-on cosmetics ingredient o-phenylphenol may be reduced
The European Commission’s Scientific Committee on Consumer Safety has proposed a reduction to the maximum concentration limit that applies to leave-on cosmetic product o-phenylphenol. Under current EU cosmetics regulations, the ingredient features in cosmetics at a...
Unilever seeks consumer views on its sustainability goals
Unilever is seeking to gain the views of consumers on issues such as climate change, sanitation, hygiene and nutrition through a new crowdsourcing initiative. The consumer goods company is launching a crowdsourcing platfrom in order to develop its sustainability...
L’Oreal, Estee Lauder, Olay, Revlon, Clarins and other leading brands are still testing products on animals, PETA claims
Leading cosmetics brands such as L’Oreal, Estee Lauder, Olay, Revlon and Clarins are exploiting a loophole in the law in order to continue testing their products on animals, according to animal rights organisation PETA. While cosmetics sold in the EU, where animal...
European Chemicals Agency bans anti-microbial pesticide triclosan; US pressure group calls for FDA to follow suit
The European Chemicals Agency (ECHA) has ruled that the anti-bacterial pesticide triclosan is toxic and bio-accumulative and will therefore be phased out for hygienic use in favour of more suitable alternatives. The pesticide is commonly used in personal care products...
Evonik terminates COO’s contract; Kaufmann to take up role on July 1
The supervisory board of Evonik Industries has resolved unanimously to end the term of office of Executive Board and Chief Operating Officer Patrik Wohlhauser, effective as of June 30, 2015. Dr Ralph Sven Kaufmann will take up the COO position as of July 1. Dr Werner...
Unilever beefs up prestige portfolio with acquisition of professional skin care brand Dermalogica
Unilever has announced that it has signed an agreement to acquire Los Angeles-based professional skin care brand Dermalogica for an undisclosed sum. The transaction is subject to regulatory approval. The deal is Unilever Prestige division’s third acquisition in as...
Cosmetics Europe General Assembly: Resilient European market shows signs of recovery, posted 0.5 percent growth in 2014
Figures released at the Cosmetics Europe General Assembly during the second annual Cosmetics Europe Week last week suggest that the European cosmetics industry is showing signs of recovery in the face of a tough economic climate. The retail market reached a value of...
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