Natura &Co’s CEO, Fabio Barbosa has announced that the company will be restructuring and revaluating its business model following a disappointing set of results, with revenues down 9 percent in the most recent quarter, according to a report published by The Financial Times.
Two of Unilever’s production facilities have been awarded Lighthouse statues by the World Economic Forum. The award recognises the factories’ use of technology to enhance productivity and efficiency as well as their environmental credentials.
What were we expecting of technology in 2022? Well, after the dominance of internet shopping over the prior two years, more of the same, with bells on. All bets were on livestreaming, already a dominant trend in China, booming in the west.
After the ravages of 2020 and 2021, retailers could have been forgiven for hoping for a smoother ride at the start of 2022. Pandemic restrictions were lifted, IRL shopping was back and even travel was resuming. So far, so hopeful.
Cruelty free cosmetics and product safety have long been the dominant regulatory issues faced by the cosmetics industry but, in 2022, we saw lawmakers turn greater attention to greenwashing and the environmental impact of the products on offer too.
In our humble opinion, 2022 wasn’t a year of huge innovation. Launches were subdued compared to pre-pandemic but if there was one prevailing trend among the launches of the year it was celebrity, celebrity and a bit more celebrity.
If there was one issue and one issue only that dominated packaging stories this year, it was sustainability. Packaging suppliers are working on reducing their impact on the environment.
If there was one thing that defined marketing practices in both halves of 2022, it was not just jumping but positively leaping on the marketing bandwagon of the day.
At the start of the year, manufacturers were gearing up for growth. With the end of Covid restrictions in the west and omicron receding, it was back to business.
The supply chain disruption caused by the pandemic showed no signs of abating in early 2022. If anything, it got worse as inflation rose, leading to price rises across the board.
Whether as a result of the pandemic, supply shortages or price gouging, inflation started rising worldwide in mid 2021 and was only exacerbated at the start of 2022 as Russia invaded Ukraine, sending fuel prices soaring.
In the first six months of the year, we saw more and more targets set: Douglas published its global ESG goals, China’s Yatsen published its first ESG report and Christian Dior unveiled its eco strategy, while existing sustainability agendas were expanded or extended
Natura &Co is said to be working with the Bank of America Corp and Morgan Stanley in order to sell a stake in the Aesop brand, according to a report by Bloomberg.
Natura &Co has reported its results for the third quarter of fiscal 2022. The Brazilian cosmetics conglomerate saw revenue rise 2.2 percent yoy to R$9 billion in constant currency and stable adjusted EBITDA margin at 8.6 percent.
Natura &Co-owned Avon has announced that it will be establishing new Research and Development operations in Brazil and Poland, two of its largest markets, and closing its existing New York-based facility.
Grupo Boticário has acquired Brazilian male beauty brand Dr. Jones for an undisclosed sum.
Natura &Co may have rubbished rumors that it was mulling a sale or spin-off of select brands in its portfolio just weeks ago but now the Brazilian beauty behemoth is considering a possible IPO or spin-off of its successful Aesop brand.
Natura &Co has quashed rumors that it is considering the sale of The Body Shop or the spin off of its Aesop brand, according to a report published by Reuters.
Brazil presidential hopeful, Luiz Inacio Lula da Silva is appealing to the European Union in a bid to find research partners in order to develop the Amazon region without damaging the ecosystem, according to a report published by Reuters.
Natura &Co is rumored to be considering a sale of The Body Shop, according to a report published by This Is Money.
Fresh from the news that Aesop and The Body Shop are gearing up to open their first bricks and mortar locations in China later this year, Natura &Co has announced that the openings are part of a wider growth strategy, according to a report published by Nasdaq.
Natura &Co has reported its results for the second quarter of the current financial year. The Brazilian owner of The Body Shop saw sales rise 0.4 percent in constant currency to R$8.7 billion. Adjusted EBITDA margin was 8 percent (down 50bps).
Puig has announced that it has increased its investment in Colombian natural cosmetics brand, Loto del Sur.
Natura &Co’s Avon has debuted an e-commerce platform for shoppers in Mexico, according to a report published by Retail & Leisure International.
Specialty chemicals provider Azelis has expanded its foothold into the South American market with the purchase of ROCSA Colombia S.A., a specialty chemical distributor active in both life sciences and industrial chemical markets.
Natura &Co has announced a group reorganization whereby the company will transition to a simpler holding company structure.
Grupo Boticário is to open an innovation hub in Portugal in a bid to search for technology talent, according to a report by Forbes.
L’Oréal Paris has unlocked articles on sexual harassment to millions of readers in Brazil in a bid to help combat harassment in public spaces, according to a report by The Drum.
Procter & Gamble’s Lima plant has been awarded a US$400,000 grant by the Ohio Rail Development Commission, according to a report published by LimaOhio.com.
Natura &Co has reported its results for the first quarter of fiscal 2022. The Brazilian owner of Aesop and The Body Shop saw revenue drop 4.6 percent in constant currency top R$8.3 billion.
Dow has announced that it has completed the mapping stage of Project Yba Conservation that Transforms, a critical milestone towards full implementation of the project.
Natura &Co has been recognised as one of the world’s most ethical companies by the Ethisphere Institute. L’Oréal, Kao, Colgate Palmolive and Firmenich also made the 2022 list.
Cresco Labs is set to become the biggest cannabis producer in the US with the acquisition of rival Columbia Care Inc in a US$2 billion deal – one of the biggest in the industry, according to Reuters.
Natura &Co has decided against a move for its primary stock market listing from Brazil to the US, according to a report published by Bloomberg, amid market volatility due to impending interest rate rises and the war in Ukraine.
Kao, L’Oréal and Natura &Co are just some of the cosmetics companies named on the 2022 World’s Most Ethical Companies Honoree List
Natura &Co has reported its results for the final quarter of fiscal 2021. The Brazilian owner of The Body Shop, Aesop and Avon saw net income more than triple, hitting R$1 billion for the full year, and posted an EBITDA margin gain of 90 basis points in the last three months of the financial year.
Some 36 cosmetics companies and industry bodies have joined forces to form The EcoBeautyScore Consortium, which aims to develop an industry-wide environmental impact assessment and scoring system for beauty products.
Dufry has announced that it has won the tender for the duty-free and duty-paid concessions at Brazil’s Recife International Airport for eight years.
Coty has announced that it will no longer be proceeding with the planned IPO for its Brazil unit, according to a report published by Reuters.
Betterware de Mexico has announced that it has signed a definitive agreement to acquire 100 percent of JAFRA’s operations in Mexico and the US from the Vorwerk group for US$155 million.
If ever there was a test designed to sort the wheat from the chaff, it was 2020. Some emerged from the pandemic’s salient year bigger and better (looking at you Amazon, LVMH), others, not so much. Indeed, 2021’s results provided an instant litmus test into the health of a given company after 2020 had done its worst. From Q1, we could see those who were bouncing back bigger and better and, in contrast, those who were still struggling.
While most companies pay at least lip service to sustainability, even as planet-friendly has become essential for CPG success, there are those continuing to resist – and that resistance comes in one of two forms: either everything goes suspiciously quiet or, worse, companies shout loudly but their claims don’t stand up to scrutiny.
Pre-pandemic, North America’s digital channel was under developed, especially compared to China and, in some cases, not much has changed. While some have adopted a more sophisticated approach to digital engagement, others have continued to dictate, not engage. This dogged determination to market at, not converse with, their audience won’t wash for long and shoppers have started to scroll on by.
As the COVID-19 pandemic categorically failed to be ‘all over by Christmas’ and rolled on and on into 2021, one thing became clear; those retailers who had hoped to ‘ride it out’ had some catching up to do….
The pandemic killed the global supply chain as we knew it and several suppliers, manufacturers and retailers have struggled to come to terms with that in 2021. The result? Empty shelves, rising inflation and a stark choice between passing on the rising costs to consumers or taking a hit on margin to come.
Throughout 2020, there was much talk of ‘building back better’ and we expected our post-pandemic world to be a green, eco-friendly utopia. However, as 2021 bought renewed lockdowns and restrictions, has our ‘happy ever after’ transpired? Certainly, sustainable beauty is evolving, new targets have been set and we are asking more. We want products with soul and that comes hand in hand with planet-friendly.
Cast your mind back to early 2020. Did you think COVID-19 would be ‘all over by Christmas’ or were you more inclined to dig in for the long term? Two years on, with several countries grappling with a fourth wave and Omicron surging, the doomsayers aren’t looking so ridiculous and those who decided to ‘wait it out’ rather than pivot are struggling still as restrictions persist far longer than anyone predicted and the end of the pandemic proves elusive.
With digital in continual demand, those who invested early continued to reap the rewards in 2021. However, with all the online wizardry at our disposal today, we’d do well to remember that personal connection is still important to consumers. Digital will only secure a permanent spot in shoppers’ hearts if it evolves to scratch that itch; a functional, faceless online shopping platform will take you so far, consumers expect seamless service and a personalized approach.
Retailers faced some almost insurmountable challenges in 2021 – from renewed lockdowns shuttering bricks and mortar locations to the ongoing supply chain crisis and labor shortages, it’s a wonder any survived.
Supply chain disruption prompted by pandemic shutdowns has persisted throughout 2021 and only those able to think on their feet and come up with workarounds can thrive in this environment. Investment in local sourcing, safeguarding raw materials supply, local manufacturing hubs, a flexible approach to logistics and the ability to generate power on site have all been crucial for success in the past 12 months.