Business & financial

Nestle sells stake in Givaudan

Nestle sells stake in Givaudan

By Chris BARKER

Nestle has announced that it will sell its entire 10% stake in fragrance and flavour giant Givaudan. 

CCFTA defends companies against ‘toxic’ accusations

CCFTA defends companies against ‘toxic’ accusations

By Chris BARKER

The Canadian industry organization for cosmetics companies, the CCFTA, has defended top cosmetics companies such as L’Oreal and J&J against accusations of using “toxic” chemicals in their products.

Unilever fined $1m over industrial pollution in Connecticut

Unilever fined $1m over industrial pollution in Connecticut

By Simon Pitman

Unilever’s U.S. division has confirmed an agreement with United States government authorities that will see the company pay a $1 million fine for pollution relating its now closed Clinton, Connecticut personal care production facility.

Ulta Q3 growth in line with forecasts

Ulta Q3 growth in line with forecasts

By Chris BARKER

Ulta Beauty Salon has reportedly met its growth forecast for the third quarter of 2013 with respectable increases in sales and net profits.

Clariant expands production site in Texas

Clariant expands production site in Texas

By Andrew MCDOUGALL

Specialty chemicals company Clariant has announced the second expansion of its ethoxylation site at Clear Lake in Pasadena, Texas which serves the personal care industry amongst others.

Target and Walmart see rise in thanksgiving sales

Thanksgiving is the new Black Friday for retailers..

By Michelle Yeomans

Traditionally, Black Friday sees consumers elbowing for shelve space, however this year certain US retail giants reported that opening for thanksgiving for the first time was what brought the business in this year!

Unilever sells off ethnic hair care brand

Unilever sells off ethnic hair care brand

By Andrew MCDOUGALL

Anglo-Dutch consumer goods giant has been making a lot of announcements of late and the latest is that it will sell of part of its hair care business as it looks to focus on its core brands.

Expert: Avon

Expert: Avon "does not understand" MLM model

By Chris BARKER

Cosmetics company Avon "does not understand" the MLM model and is dangerously trapped between two different strategies for selling, according to an expert in multi-level marketing.

Prada files fragrance lawsuit

Prada sues for trademark infringement

By Michelle Yeomans

The luxury house has filed suit against a Brooklyn-based knock off scents manufacturer as it believes it has violated the copyright of its' ‘Prada Candy’ fragrance.

Schwan relocates headquarters to Rutherford County

Schwan relocates headquarters to Rutherford County

By Chris BARKER

Schwan Cosmetics has moved its USA headquarters from New Jersey to Rutherford County in North Carolina in order to take advantage of a higher quality of life and a more skilled work force.

Pressure increases for Avon in on-going bribery investigation

Pressure increases for Avon in on-going bribery investigation

By Michelle Yeomans

The global cosmetics firm is concerned that its business could be affected by the Securities and Exchange Commission's recent proposal of a much larger penalty to settle bribery allegations than it had initially expected.

Estée Lauder chief expects holiday hike in sales

Estée Lauder chief expects holiday hike in sales

By Andrew MCDOUGALL

Estée Lauder CEO and president Fabrizio Freda believes that despite a recent slowdown in department store sales for mainstream brands such as Clinique, the market will pick up again as the holiday season approaches.

Beauty industry M&A activity on the up, report shows

Beauty industry M&A activity on the up, report shows

By Simon Pitman

A newly released report about mergers and acquisitions activity in the beauty industry underlines the sector’s overall resilience in recent years, which bears testimony to an 8% growth in the number of beauty business deals.

Coty to be investigated over $1 billion IPO

Coty to be investigated over $1 billion IPO

Law firm Wites & Kapetan has announced an investigation into Coty’s $1 billion flotation, which was launched back in June of this year to raise money for further investments.

UPDATE: Revlon now threatening legal action against NGOs

UPDATE: Revlon now threatening legal action against NGOs

By Michelle Yeomans

Revlon has now threatened legal action against three U.S. NGOs less than a week after speaking out against campaigns it felt were misleading in urging it to stop using certain cancer linked chemicals.

CEA-Leti and Capsum announce successful technology transfer

CEA-Leti and Capsum announce successful technology transfer

By Katie Nichol

CEA-Leti, a French institute active in the field of micro- and nanotechnology, announced that its patented Lipidots nanovector technology for medical applications has been successfully transferred to its partner Capsum for use in the cosmetics arena.

Industry might see implications from Target's transparency rankings

Industry might see implications from Target's transparency rankings

By Chris BARKER

As Target becomes the latest US retailer to commit to providing consumers with more information than ever on the health and environmental impact of the cosmetics they use, it could potentially mean that some in the industry will have to step up their...

Unilever sees sales slow but insists form is temporary

Unilever sees sales slow but insists form is temporary

By Andrew MCDOUGALL

Anglo-Dutch consumer goods firm Unilever has seen its sales growth slow due to currency weakness in emerging markets, but insists that this is only a temporary issue and that things will pick up again.

Braskem invests $23m to expand speciality polyethylenes

Braskem invests $23m to expand speciality polyethylenes

By Michelle Yeomans

The Brazilian petrochemical company has invested $23 million to expand its production capacity of low density polyethylene in a bid to support demand for the polymer used in cosmetic packaging.

J&J launches program after only 20% of Americans found to recycle

J&J launches program after only 20% of Americans found to recycle

By Michelle Yeomans

The global personal care brand has launched a ‘care to recycle’ campaign in a bid to remind US consumers to recycle more toiletries after 7 out of 10 Americans admitted that they only recycle bathroom items every 1 in 5 instances.