Too Faced Cosmetics gains new majority shareholder in UK firm General Atlantic
UK investment firm General Atlantic has acquired a majority stake in California-based makeup brand Too Faced Cosmetics. Too Faced was founded in 1998 by Jerrod Blandino and Jeremy Johnson, who were working behind cosmetics counters when they spotted a gap in the...
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Harvard scientists discover ‘genetic recipe’ for youthful skin
Researchers have identified the group of genes responsible for aging and repairing the skin. A study of some 1 million people carried out by scientists at Harvard University and 23andme, a private genetic database, revealed that 10 percent of white and 20 percent of...
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Mary Kay puts pressure on US Food and Drug Administration to step up product safety
US cosmetics giant Mary Kay has released a statement affirming its support for the reintroduction of legislation to provide a uniform standard for product safety across the US. The legislation, originally known as the Cosmetic Safety Amendments Act 2012, would enhance...
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US Security and Exchange Commission identifies culprit in fake Avon takeover bid
The US Securities and Exchange Commission (SEC) has identified the culprit of a fake takeover bid for global direct sales giant, Avon. The SEC filed a lawsuit yesterday alleging that 37-year-old Nedko Nedev launched a fraudulent takeover offer for Avon via a false...
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Procter & Gamble invests in the development of artificial skin
Procter & Gamble is following in the footsteps of other major companies such as L’Oreal by investing in a research project to develop artificial skin for cosmetics product testing. P&G is funding a five-year research project in association with the Singaporean...
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L’Oreal acquires fragrance rights for women’s wear brand Proenza Schouler
L'Oreal has signed a licensing agreement with women’s wear company Proenza Schouler to acquire the rights to create and develop fine fragrances for the brand. Proenza Schouler was founded in New York in 2002 by designers Jack McCollough and Lazaro Hernandez. Today...
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US beauty product manufacturer Maesa Group acquires Austrian brand P2 Cosmetics
US beauty product manufacturer Maesa Group has successfully acquired Austrian brand P2 Cosmetics, available exclusively at DM, Germany’s largest drugstore retailer. P2 Cosmetics joins Maesa Group’s beauty brand portfolio, including FLOWER for Walmart, CIRCA for...
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Inter Parfums acquires fashion, beauty and perfume brand Rochas from P&G
Inter Parfums has acquired French fashion, beauty and perfume brand Rochas from Procter & Gamble for US$108m. The acquisition closed on May 29 and represents a “new page” for Inter Parfums, the company states. Jean Madar, Chairman and CEO of Inter Parfums,...
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Snapping at Avon’s heels: the new contenders for the direct sales crown
After years as the undisputed king of global direct sales, Avon was knocked off the top spot in 2014 following a 20 percent drop in sales, which saw the company’s revenue fall to US$8.85bn. The US giant’s steady decline since its peak in 2011 has traditionally been...
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Unilever invests €75m into new manufacturing plant in Dubai
Unilever has announced plans to expand its presence in the Middle East and North Africa by launching a new €75m facility in Dubai which will produce personal care products. The factory is due to open within the next two years and will generate approximately 600 jobs,...
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Rapid US sales of skin care textures oil and mud overtake sales of serums and lotions
Skin care textures oil and clay are experiencing rapid growth within the US prestige beauty industry, according to a report by US market research firm The NPD Group. Dollar sales of skincare oils have more than tripled over the past five years, while clay/mud has more...
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Iggesund Paperboard expands production capabilities with new factory in California
Sweden-based packaging manufacturer Iggesund Paperboard has opened a new manufacturing plant in California which will produce the company’s flagship solid bleached board Invercote. The new factory located in Californian city of Ponoma, represents the latest stage of...
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LUXE PACK NEW YORK attracts record number of visitors eager to discover latest industry trends
A record number of visitors attended this year’s packaging trade show LUXE PACK NEW YORK, held on May 13 to 14 at Pier 92. The annual event, now in its 13th year, welcomed 3,600 visitors, a 9 percent increase from 2014. Over 220 exhibitors attended from the cosmetics,...
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Procter & Gamble sheds Frederic Fekkai brand
Procter & Gamble has announced that it is shedding hair care and salon brand Frederic Fekkai as part of the company’s efforts to consolidate its business activities with a smaller number of core brands. P&G reportedly purchased Frederic Fekkai from...
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Eight AptarGroup manufacturing plants are now landfill free
Global dispensing solutions provider AptarGroup now operates eight landfill free manufacturing plants, according to the company’s latest corporate sustainability report. Headquartered in Illinois, AptarGroup operates in 20 countries and has a total of 46 manufacturing...
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US consumer fails to sue Neutrogena over false sunscreen claims
A US consumer who tried to take legal action against Neutrogena for misleading customers by labeling products with false sunscreen claims has had his case dismissed. Plaintiff Nathan Dapeer sought an injunction against Neutrogena over claims that the brand’s high-SPF...
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MeadWestvaco Corportation and Rock-Tenn will operate as WestRock following merger
American packaging companies MeadWestvaco Corporation and Rock-Tenn Corporation have said they will operate as WestRock Corporation after their merger. The companies announced in January that they would combine to create a US$16bn a year global packaging giant....
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Colgate-Palmolive reduces energy use by 19.1 percent
Colgate-Palmolive has reduced its energy use by 19.1 percent since 2005, the company has announced. In the latest edition of its annual report entitled ‘Giving the World Reasons to Smile’ Colgate details the progress that it has been making towards its long-term...
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Unilever CFO Jean-Marc Huet stands down after five years
Unilever Chief Financial Officer Jean-Marc Huet is due to leave the company after five years in his role. The former Goldman Sachs banker will officially step down on October 1 and will be succeeded by Graeme Pitkethly, who is currently Executive Vice President of...
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Mary Kay mobilizes global campaign to support women and childen in need
Mary Kay has announced that it will donate US$1 of every purchase of its Nourishine Plus Lip Gloss sold in the US over the summer towards supporting women suffering from domestic violence. Over the past 15 years, The Mary Kay Foundation has raised US$50 million for...
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Former CEO and Executive Chairman Donal Knauss retires from Clorox
American consumer goods company Clorox has announced that Executive Chairman Donald Knauss is due to retire, effective from July 1 2015. Knauss served as CEO and Chairman of the Board at Clorox from October 2006 until November 2014 when he handed over the title of CEO...
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Estée Lauder scientist takes on cosmetics giant with launch of his own anti-aging product
A former scientist working in research and development at Estée Lauder is now taking on the cosmetics giant with the launch of his own range of anti-aging products. Jules Zecchino, former President of Innovation and Applied Research at Estée Lauder, is launching Erasa...
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Unilever saves 1 million tonnes of CO2 – and €244m
Unilever has announced that it has reached a milestone in its sustainability programme, having reduced CO2 emissions from the company's manufacturing network by 1 million tonnes. Energy consumption has been reduced by 20 percent, Unilever claims. The savings represent...
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Beiersdorf appoints Colgate-Palmolive Finance Director to the role of CFO
German consumer goods company Beiersdorf has appointed former Colgate-Palmolive Finance Director Jesper Anderson to the role of Chief Financial Officer. Anderson, who has worked at Colgate-Palmolive since 1994, will take over from long-standing CFO, Ulrich Schmidt,...
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Avon shares soar as a result of hoax takeover bid
Shares of Avon Products jumped as much as 20 percent as a result of a seemingly bogus takeover offer which appeared on a US regulatory website. The offer has raised security concerns about the site (www.sec.gov) which is maintained by the US Securities and Exchange...
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Biomaterials company Metabolix launches biodegradable alternative to microbeads
US-based biomaterials company Metabolix has announced the development of a biodegradable alternative to controversial microbeads. Matabolix has been working on the development and launch of the first biodegradable products under its global, exclusive commercial...
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Amway appoints former Apple Worldwide Sales VP to role of Chief Financial Officer
American direct-selling company Amway has hired Mark Stevens, former Apple Vice President of Worldwide Sales, to the role of Chief Financial Officer. Stevens will take over from Mike Cazer, who was appointed Chief Operating Officer of Amway in 2014. Stevens will be...
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Sales of silver hair dye on the rise, Kline report reveals
A report examining hair care sales by US-based market research firm Kline has revealed several key industry trends, from women dying their hair grey to the rising popularity of products for thinning hair. Kline has teamed up with the Professional Beauty Association...
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AptarGroup posts first quarter sales decline of 13 percent
US-based packaging company AptarGroup has revealed that its first quarter sales were US$590m, down 13 percent compared to sales of US$676m during the same period last year. Declining sales were impacted by weak foreign currencies, primarily the Euro, the group states....
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Nu Skin first quarter revenue down by 19 percent
American direct-selling personal care company Nu Skin Enterprises has posted first quarter revenue of US$543.3m, a 19 percent decrease compared to revenues of US$671.1m generated during the same period last year. Revenue in the quarter was negatively impacted by 7...
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Beautycounter rapid sales growth said to be indicative of market “ready for change”
Beautycounter, a US company which retails personal care products made without any ingredients linked to health concerns, has posted a quarter one sales increase of 325 percent, which it sees as indicative of a market "ready for change." The company announced it has...
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Unilever acquires prestige skincare brand Kate Somerville
Unilever has acquired LA-based prestige skincare brand Kate Somerville Skincare. Founded in 2004 by makeup artist Kate Somerville, the brand is one of the most trusted names in the premium US skincare market. Featuring unique Active Balance Technology™ that combines...
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Sally Beauty investigates second website hacking leaving customer data vulnerable
Sally Beauty is investigating a second possible hacking in just over a year, after reports of unusual activity on payment cards used in some US stores. In March last year, the beauty supplies retailer admitted hackers had stolen sensitive information about 25,000...
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Elizabeth Arden third quarter results down due to weak fragrance sales
Elizabeth Arden third quarter net sales were US$191.4m, a decrease of 9.2 percent compared to the same period last year. However, the company has pointed out that at a constant currency basis, the decrease was lower at 6 percent. Falling sales have been attributed, in...
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Benefit Cosmetics launches philanthropy programme
Benefit Cosmetics has rolled out its first global philanthropy programme, The Bold Is Beautiful Project. From May, the San Francisco-based cosmetics company has pledged to donate one hundred percent of its profits from its brow wax services to charity. In the US...
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Sascha Cosmetics wins Carribean Exporter of the Year Award
Sacha Cosmetics, which manufactures makeup for women with dark skin tones, has won the inaugural Caribbean Exporter of the Year Awards. The family-owned business, founded in Trinidad and Tobago, was chosen from nine nominees across the region to win the accolade....
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Sally Beauty gross profits during second quarter 2015 up by 2.4 percent
Sally Beauty Holdings has revealed that its gross profit for the second quarter of this year was US$467.5m, an increase of 2.4 percent over gross profit of US$456.4m for the same period last year. Consolidated net sales during the second quarter were US$937.8m, an...
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Estée Lauder third quarter net sales increase due to popularity of makeup and haircare brands
Estée Lauder net sales for its third quarter reached US$2.58bn, a 1 percent increase, compared with US$2.55bn posted during the same period last year. The company posted a 200 basis-point increase in operating margin, and net earnings for the quarter rose 28% to...
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Unilever on target to achieve Sustainable Living Plan goals
Unilever has revealed that it is on track to meet most of its Sustainable Living Plan goals, which it set in 2010. The company shared a review of its sustainability progress with NGOs, government officials and academia at its London headquarters. Integrating...
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MeadWestvaco Corporation’s home, beauty and personal care sales down by 12.2 percent during Q1
Home, beauty and personal care sales for American packaging company MeadWestvaco Corporation decreased by 12.2 percent to US$180m during the first quarter of 2015, compared to US$205m in the same period last year. The company has stated that although volume growth for...
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Ashlands sales revenue down by 13 percent during second quarter
Ashland’s latest financial report shows that sales revenue fell 13 percent during the second quarter of 2015, compared to the same period last year. The US-based company, which provides specialty chemical solutions for the consumer and industrial markets, has reported...
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Unilever ordered to pay fine of US$770,000 over deceptive packaging of Axe hair products
Unilever has been ordered to pay US$770,000 after a court found the company guilty of advertising and packaging its Axe brand hair styling products in a deceptive manner. A Superior Court of California has now settled the case which originally came to light in August...
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Revlon completes acquisition of UK fragrance companies CBBeauty And SAS & Company
Revlon has announced that it has acquired two fragrance businesses specialising in celebrity-branded scents: CBBeauty, which produces One Direction beauty products and SAS & Company, which distributes Rihanna perfumes. Founded by Corrado Brondi in 2011, CBBeauty...
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Colgate-Palmolive pays out US$13m to woman who contracted cancer from talcum powder
Colgate-Palmolive has been ordered to pay out US$13m to a 73-year-old woman after a jury ruled that she contracted a fatal cancer from using asbestos-containing talcum powder. Judith Winkel’s lawyers claimed she got the lung disease mesothelioma, from using Cashmere...
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Avon posts first quarter loss of US$147.3m
The world’s best-known direct cosmetic seller Avon has posted a first quarter loss of US$147.3m, a reduction compared to its first quarter losses during the same period last year. In 2014, the company posted first quarter losses of US$168.30m or 38 cents per share....
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Dow Corning first quarter sales down by 11 percent
Dow Corning has announced first quarter 2015 sales of US$1.36 billion, a decrease of 11 percent compared to the same period in 2014. The company posted first quarter net income of US$185 million. Adjusted net income in the first quarter of 2015 was US$101 million, a...
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Unilever becomes partner to global environmental campaigns as part of sustainability programme
Unilever has partnered with global movements Live Earth and Global Citizen as part of the company's efforts to reduce its environmental footprint while promoting a positive social impact. The new partnerships are fundamental to Unilever’s Bright Future campaign, which...
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Croda invests US$170m into creating a more sustainable production plant
Chemical manufacturer Croda has invested US$170m into making one of its North America manufacturing plants more sustainable, representing the largest investment in the company’s 98 year history. The Atlas Point plant, located in Delaware, North America, will have the...
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Colgate-Palmolive net sales during fourth quarter 2014 down by 3 percent
Colgate-Palmolive has revealed that net sales during the fourth quarter of 2014 decreased by 3 percent to US$4,221m compared to the same period in 2013. However, organic sales (net sales excluding foreign exchange, acquisitions and divestments) grew by 6 percent....
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DuPont Tate & Lyle Bio Products selects winners of Zemea Innovation Awards
DuPont Tate & Lyle Bio Products has announced the winners of its the third annual Zemea Innovation Award program. Zemea is a preservative-boosting humectant and solvent used by a wide range of companies in the personal care and consumer sectors. It is the key...
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