Business & financial

Amore Pacific mulls entering the Colombia market

Amore Pacific mulls entering the Colombia market

By Simon Pitman

As part of moves to expand its market reach beyond Asia, Amore Pacific executives are on a mission to gauge whether Colombia will be one of the next new markets it opens up in.

Kao and AkzoNobel named sustainability leaders by Dow Jones

Kao and AkzoNobel named sustainability leaders by Dow Jones

By Andrew MCDOUGALL

Kao has been named as the 2015 industry group leader in the Household & Personal Products  category of the 2015 Dow Jones Sustainability World Index (DJSI) for the second consecutive year; while ingredient supplier AkzoNobel was recognised as the...

P&G targets a 30% reduction in greenhouse gas emissions

P&G targets a 30% reduction in greenhouse gas emissions

By Simon Pitman

Procter & Gamble is aiming to raise the bar on its sustainability profile after announcing ambitious plans to reduce greenhouse gas emissions from its production facilities by 30% by the year 2020.

Contém 1G signs on to distribute Amyris skin care in Brazil

Contém 1G signs on to distribute Amyris skin care in Brazil

By Deanna Utroske

The new product line centers on an ingredient—Neossance Squalane—made from that country’s own sugar cane. And the partnership will go beyond shared distribution channels to include a manufacturing relationship.

Colombia turns to the cosmetics industry to help diversify the economy

Country Profile: Colombia

Colombia turns to the cosmetics industry to help diversify the economy

By Simon Pitman

Too much focus on energy and commodities has left the Colombian economy vulnerable to global economic cycles. But with a renewed emphasis on diversification, the country’s cosmetics and personal care sector is in the spotlight.

ULTA faces class action

ULTA faces class action

By Deanna Utroske

The cosmetics retailer has been accused by former shop managers in California of misclassifying their employment status to avoid paying overtime wages.

Frutarom makes 10th acquisition of the year and hints at more…

Frutarom makes 10th acquisition of the year and hints at more…

By Andrew MCDOUGALL

Ingredient supplier Frutarom has kept its acquisition momentum up with its 10th of the year, having purchased 79% of the shares of the Spanish company Nutrafur, who specialise in the research and development and manufacture of speciality natural plant...

Burberry sees success in China with 'beauty box' concept

Burberry sees success in China with 'beauty box' concept

By Michelle Yeomans

International luxury fashion house and beauty brand, Burberry has opened its third 'beauty box' in China - a concept that offers personalised and digital experiences in colour cosmetics, skin care, nail care and fragrances. 

Natura carves out a piece of the pie in Colombia

Country Profile: Colombia

Natura carves out a piece of the pie in Colombia

By Simon Pitman

In just a few years Brazil-based Natura has risen from nothing to become a major cosmetics player in the Colombian market. Here, Natura’s head of the Colombian operations tells the story.

All systems are go for the Colombian cosmetics industry

Country Profile: Colombia

All systems are go for the Colombian cosmetics industry

By Simon Pitman

In the first in a series of articles focusing on the cosmetics industry in Colombia, we look at how, after years of improved political stability and economic growth, the country is now emerging as an increasingly important player in the industry.

Edgewell Personal Care divests blades business

Edgewell Personal Care divests blades business

By Simon Pitman

Edgewell Personal Care has confirmed the sale of its Industrial Blades division to AccuTec Blades in a move that aims to further streamline the newly independent business.

P&G: tough times, lower spending, new era

P&G: tough times, lower spending, new era

By Simon Pitman

Procter & Gamble is on course to emerge as a leaner and probably healthier business in the wake of selling off a $12.5 billion slice of its fragrance and cosmetics business to Coty.

Estee Lauder hit with skin care slump

Estee Lauder hit with skin care slump

By Andrew MCDOUGALL

Estee Lauder saw sales and earnings drop in the fourth quarter mainly due to a big drop in skin care as some of its heritage brands come up against big challenges attracting consumers.

A look at why coconut is trumping palm oil in the Philippines

A look at why coconut is trumping palm oil in the Philippines

By Michelle Yeomans

Despite the obvious sustainable benefits of coconut oil over palm, a politician has accused the Philippines government that the latter should be given an equal footing as coconut shows 'little growth' due to pests and calamities.

Beiersdorf posts positive results despite Western Europe dip

Beiersdorf posts positive results despite Western Europe dip

By Andrew MCDOUGALL

Beiersdorf has continued on its positive growth path thanks to the weak euro’s current situation, lower costs, and rising sales of Nivea and Eucerin products; although it remains cautious after business slowed in the first half of the year in the Western...

Design agency Diadeis acquires Kong Rex

Design agency Diadeis acquires Kong Rex

By Deanna Utroske

By picking up the Brazilian firm, graphics services company Diaeis is expanding its global footprint as well as jockeying to work with leading beauty and personal care companies investing in South America.

L’Oréal reports optimistic half-year results

L’Oréal reports optimistic half-year results

By Deanna Utroske

Business for the beauty giant is booming everywhere—except in Brazil—and the success of some niche brands acquired by the company says a lot about evolving consumer behavior and which business models work well in the current economy.

Brand divestment and new CEO signal P&G’s focus shift away from Beauty

Analysis from Euromonitor

Brand divestment and new CEO signal P&G’s focus shift away from Beauty

By Andrew MCDOUGALL

It has been a busy time for Procter & Gamble with the brand divestment to Coty and the announcement of its new CEO and this all acts as evidence that the company is shifting its focus away from Beauty, according to market research firm Euromonitor...

Avon results continue to be hit by a strong US dollar

Avon results continue to be hit by a strong US dollar

By Simon Pitman

Avon Products revealed that revenues for the current quarter slipped by 17% as the company continues to do battle in the face of a strong US dollar that is impacting its international business.