Business & financial

Inglot lays out plans to strengthen in India

Inglot lays out plans to strengthen in India

By Lucy Whitehouse

Polish beauty player Inglot has laid out its plan to raise its market share in India, increasing its market presence in the country from 14 stores to 100 by 2020.

Inter Parfums results skip a beat

Inter Parfums results skip a beat

By Simon Pitman

Fourth quarter results for fragrance and luxury cosmetic player Inter Parfums missed the mark, with sales hit by currency translations and profits missing forecasts.

Avon shifts HQ to the UK, sheds 2,500 jobs

Avon shifts HQ to the UK, sheds 2,500 jobs

By Simon Pitman

Avon Products has confirmed that it is shifting its international headquarters to the UK and is to reduce its workforce by 2,500 as part of its transformation plan for the ailing business.

Dow – DuPont merger on course

Dow – DuPont merger on course

By Deanna Utroske

The two US chemical corporations jointly filed a preliminary registration statement with the Securities and Exchange Commission this month, outlining plans for leadership, work streams, synergies, and finance.

P&G continues to shed brands with Hipoglós sale

P&G continues to shed brands with Hipoglós sale

By Simon Pitman

As part of its continued efforts to refocus and tighten its brand portfolio, Procter & Gamble has announced the divestment of its Hipoglós in Latin America, adding to a catalogue of sales worldwide.

New Avon LLC has arrived

New Avon LLC has arrived

By Deanna Utroske

The privately owned North American Avon business is a done deal this month as Cerberus Capital Management takes a majority stake in the beauty company—a transaction meant to make Avon profitable again.  

Revlon has no CEO

Revlon has no CEO

By Deanna Utroske

Today Lorenzo Delpani steps down from the position he’s held since October of 2013, and the company has yet to name a replacement or interim leader.

Borghese preps for brand relaunch, appoints global president

Borghese preps for brand relaunch, appoints global president

By Deanna Utroske

The cosmetics and skin care company intends to energize its product lines by focusing on direct-to-consumer platforms and global distribution, a strategy laid out by the ‘brand builder’ newly in charge at Borghese.

per-fékt beauty gets capital investment from CDG

per-fékt beauty gets capital investment from CDG

By Deanna Utroske

The Cosmetics Design Group (a company with no affiliation to this publication) has bought a majority stake in the successful indie brand, and going forward the two companies will essentially act as partners.

Women working in cosmetics industry treated more equally than most

Women working in cosmetics industry treated more equally than most

By Deanna Utroske

New data from job review site fairygodboss.com shows well over half of women working in the beauty business self-report being treated equitably in regard to gender, though when it comes to job satisfaction cosmetics scored near the bottom.

Lise Watier Cosmétiques acquired by Groupe Marcelle

Lise Watier Cosmétiques acquired by Groupe Marcelle

By Deanna Utroske

In a deal announced late last week, ownership of the long-standing Québec beauty company shifts back to its home province and makes cosmetics manufacturer Group Marcelle the largest such company in Canada.

Center Ingredient Technology acquired by Takasago

Center Ingredient Technology acquired by Takasago

By Deanna Utroske

The biotech fragrance and flavor company uses fermentation to develop natural ingredients for cosmetics and other industries. Now that knowhow is part of Takasago’s Natural Mineral Portfolio.

L’Oréal targets Google hire to continue digital push

L’Oréal targets Google hire to continue digital push

By Andrew MCDOUGALL

L’Oréal is continuing to target the digital arena and is looking to online to continue to drive growth following a year in which it has invested heavily in the sector and e-commerce sales have been impressive.

Colorescience takes on debt to expand the brand

Colorescience takes on debt to expand the brand

By Deanna Utroske

The sun care cosmetics company is looking to reach new markets and have a larger retail presence. Multimillion-dollar financing from the Life Sciences Group of Bridge Bank will help with that.

Nu Skin fourth quarter misses the mark

Nu Skin fourth quarter misses the mark

By Simon Pitman

US-based Nu Skin continues to struggle against currency headwinds and declining sales in its mainstay Asia Pacific markets, with the resulting net profits coming in at below expectations.

Avon losses are bigger than expected

Avon losses are bigger than expected

By Simon Pitman

Avon results show a big drop in sales on the back of currency translations and tax costs, leading net profits to come in below market expectations.

Watch Cosmetics Design on CCTV America tonight!

Watch Cosmetics Design on CCTV America tonight!

By Simon Pitman

This evening at 7:45pm, Michelle Makori, the NYC-co anchor for CCTV-AMERICA   will be interviewing me about the biggest trends in the global cosmetics market and what's happening across markets worldwide.

Investors are indecisive about Coty. Here’s why…

Investors are indecisive about Coty. Here’s why…

By Simon Pitman

Share prices in Coty have been volatile ever since the company announced major expansion plans last year, and the trend has been downward so far this year, reflecting a number of uncertainties.

Elizabeth Arden records second quarter loss

Elizabeth Arden records second quarter loss

By Simon Pitman

Elizabeth Arden’s second quarter results missed Wall Street’s expectations and recorded a loss, as actual sales figures were hard hit by the strong dollar.

Estée Lauder promotes three top executives

Estée Lauder promotes three top executives

By Simon Pitman

The Estée Lauder Companies has announced  the promotion of three top level executives as part of an ongoing restructuring of its management team.