Business & financial

Coty IPO gets off to a slow start for investors

Coty IPO gets off to a slow start for investors

By Simon Pitman

Although the Coty IPO has made a significant impact on the company’s own funds, it seems that the flotation has not provided any immediate returns for investors.

L’Oréal confirms departure of Lancome president

L’Oréal confirms departure of Lancome president

By Andrew MCDOUGALL

The L’Oréal Group has announced that its Lancome brand president Youcef Nabi has resigned and whilst reports speculate over the reasons, there is no official statement from the cosmetics maker.

P&G and Beiersdorf – A potential match made in heaven?

P&G and Beiersdorf – A potential match made in heaven?

By Andrew MCDOUGALL

Could it be third time lucky? Rumours are flying around that consumer goods giants Procter & Gamble and Beiersdorf could be ready to strike a deal, having flirted before; despite the rumours being denied, we take a look at why the deal could make...

How L’Oréal evaluates its suppliers to stay ahead of the game

How L’Oréal evaluates its suppliers to stay ahead of the game

By Andrew MCDOUGALL

Being one of the biggest cosmetics companies in the world will always bring added pressure and scrutiny over everything it does, and for L’Oréal this means ensuring long-term, transparent relationships with high-quality suppliers.

Birchbox starts new chapter with new global brand identity

Birchbox starts new chapter with new global brand identity

By Andrew MCDOUGALL

Having cemented its position in the beauty box market, discovery retail firm Birchbox is not resting on its laurels, as it unveils its new global brand identity and website, in a bid to improve and strengthen customer experience and create a lifestyle...

P&G sues Cao group over whitestrips patent

P&G sues Cao group over whitestrips patent

By Michelle Yeomans

Procter & Gamble filed a lawsuit this month in the Southern District of Ohio against CAO Group, a manufacturer and distributor of dental products over the patent of its Crest Whitestrips.

Coty IPO set to raise a further $1 billion for the war chest

Coty IPO set to raise a further $1 billion for the war chest

By Simon Pitman

The fragrance and cosmetics giant has announced an Initial Public Offering that is set raise more than $1 billion, setting in place funds that could be used to spell out the next step in the company’s ambitions to expand.

Safety - a little word with a big meaning for J&J

Safety - a little word with a big meaning for J&J

By Andrew MCDOUGALL

Having come under scrutiny over ingredients used in cosmetics and personal care products like many this past year, consumer goods giant Johnson & Johnson has reiterated its commitment to the science of safety and making products that pose no health...

L’Oréal expansion in Sub-Saharan Africa another ‘good move’

L’Oréal expansion in Sub-Saharan Africa another ‘good move’

By Andrew MCDOUGALL

When you are one of the leading cosmetics companies in the world you cannot rest on your laurels. Despite performing ahead of the market and expanding its operations to compete in Asia-Pacific and Central and Latin America, L’Oréal has also turned its...

MAC takes Target back to courts over fake cosmetics

MAC takes Target back to courts over fake cosmetics

By Michelle Yeomans

Target is back in the courts again as it, alongside Estée Lauder informs federal officials that they cannot agree on whether MAC cosmetics, at the core of their battle are, as alleged, fake.

Amway invests a further $20m in Vietnam site

Amway invests a further $20m in Vietnam site

By Andrew MCDOUGALL

Direct seller Amway has continued to flex its financial muscle and invest further in manufacturing and R&D by injecting a further $20 million to build its second manufacturing site in Vietnam.

Bell opens up new center for research in Mexico

Bell opens up new center for research in Mexico

By Simon Pitman

Bell Flavors and Fragrances has opened up a new innovation center to complement its manufacturing operations in Guadalajara, Mexico, aimed at increasing product roll out in the fast growing Latin America market.

P&G stakeholder points to a bright future

P&G stakeholder points to a bright future

By Simon Pitman

Activist investor William Ackman says he believes Procter & Gamble’s fortunes will rebound significantly in the space of the next, but criticized the company’s CEO, Robert McDonald.

IFF reports profits up, revenues steady

IFF reports profits up, revenues steady

By Simon Pitman

International Fragrances and Flavors has reported steady sales and a strong hike in its net profits, mainly led by strength in its fragrances division.

Nu Skin first quarter results show huge gains worldwide

Nu Skin first quarter results show huge gains worldwide

By Simon Pitman

Direct sales skin care specialist Nu Skin has posted big first quarter revenue gains as the company’s anti-aging range, ageLOC, continues to take off worldwide and sales in Greater China boom.

Estée Lauder profits up as cost savings kick in

Estée Lauder profits up as cost savings kick in

By Simon Pitman

The Estée Lauder Companies posted solid third quarter results, as sales climbed steadily and profits rose significantly as it realized benefits from its cost restructuring program.

Argex expands titanium dioxide production in Canada

Argex expands titanium dioxide production in Canada

By Andrew MCDOUGALL

Titanium dioxide producer Argex will up its production of the sunscreen ingredient having signed a memorandum of understanding (MOU) with Valleyfield Enterprises for a long-term lease of at least 235,000 square feet of existing building space located...

Avon director resigns after just four months

Avon director resigns after just four months

By Simon Pitman

Avon Products has confirmed that its non-executive chairman, Fred Hassan, has resigned from the board of directors, while announcing his replacement with immediate effect.

Inter Parfums posts big quarterly sales hike, ups outlook

Inter Parfums posts big quarterly sales hike, ups outlook

By Simon Pitman

Fragrance player Inter Parfums has posted a big hike in its first quarter sales on the back of a particularly strong performance in the European market, as the door is finally closed on the Burberry licensing agreement.