Business & financial

Peter Thomas Roth LLC settles eye shadow lawsuit

Peter Thomas Roth LLC settles eye shadow lawsuit

By Chris BARKER

American cosmetic company Peter Roth LLC has resolved a lawsuit filed by the Tennessee Attorney General’s office after allegations that their products contained none-FDA approved ingredients.

L’Oréal targets China growth with $843m bid for skin care firm

L’Oréal targets China growth with $843m bid for skin care firm

By Andrew MCDOUGALL

Cosmetics giant L’Oréal has offered to buy Chinese skin care company Magic Holdings International for HK$6.5bn ($843m) in cash said in a joint statement, as the French firm looks to take advantage of the growing luxury market in China; where sales growth...

Solazyme makes distribution deal with Sephora

Solazyme makes distribution deal with Sephora

Californian biotech company Solazyme will increase its share of the skin care market after expanding its arrangement to sell the Algenist cosmetics brand with beauty company Sephora.

Scent and skin care post double digit gains for Symrise

Scent and skin care post double digit gains for Symrise

By Simon Pitman

Germany-based fragrance and ingredients provider Symrise has posted big sales in its scent and skin care division on the back of gains in cosmetics ingredients, as well as oral care and fine fragrances.

Fragrance sales drive strong growth for IFF

Fragrance sales drive strong growth for IFF

By Simon Pitman

IFF has reported strong growth for its second quarter, driven mainly by an exceptional performance in the fragrance division, together with gains in all geographical regions including Europe.

Customized virtual platform is boosting colour cosmetic sales

Customized virtual platform is boosting colour cosmetic sales

By Michelle Yeomans

As consumers continue to invest in the most convenient regimes, particularly with beauty, intelligent imaging provider Taaz is working with colour cosmetic brands to offer customized solutions, which is in turn boosting their online sales.

Givaudan boosted by results from emerging markets

Givaudan boosted by results from emerging markets

By Chris BARKER

International fragrance, consumer products and flavor giant Givaudan reported a 5.7 percent growth in sales for the first half of 2013, with a solid performance bolstered by high growth in Latin America and other emerging markets.

Biotech CEO accused of $5.7 million theft

Biotech CEO accused of $5.7 million theft

By Chris BARKER

Melbourne-based biotech firm Phosphagenics, which produces cosmetics and pharmaceuticals for international markets including the US, has accused former chief executive Esra Ogru of stealing $5.7 million from the company over an 8-year period.

L’Oreal’s second quarter continues strong growth path

L’Oreal’s second quarter continues strong growth path

By Simon Pitman

The world’s biggest cosmetics company, L’Oreal, has recorded continued growth at well above market average rates for its second quarter and first half financial results, although southern European revenues decline.

IFF to reduce energy, carbon and water use by 2020

IFF to reduce energy, carbon and water use by 2020

By Andrew MCDOUGALL

International Flavors & Fragrances has set itself the target to reduce carbon, energy, and water use and waste by more than 20 percent in the next seven years as part of its long-term sustainability targets.

Euromonitor: P&G-Beiersdorf deal would complement both parties

Euromonitor: P&G-Beiersdorf deal would complement both parties

By Andrew MCDOUGALL

Market analyst Euromonitor believes that if Procter and Gamble and Beiersdorf were to strike a deal it would benefit both parties as the former’s skin care would receive a boost, and the latter would become more competitive.