Avon attempts to smooth over cracks with China chief
Avon Products has appointed a new head for its China operations, a move that aims to smooth over the heavy burden of ongoing bribery investigations and poor financial results.
Archives for February 20, 2012
Proposed budget calls for cosmetic manufacturers to pay annual fee to the FDA
In a budget proposal set for the 1st October 2012 to 30 September 2013, the US Food and Drugs Administration have proposed new legislation for domestic and foreign cosmetic manufacturers to pay an annual registration fee to support its “cosmetic safety...
US sales down as Q4 profits plummet at Revlon
Cosmetic manufacturer Revlon saw its fourth quarter and full year profits plummet as it saw sales dry up in the US and Europe, with China as its only saving grace.
L’Oréal chief to hand back stock-options
L’Oréal CEO Jean-Paul Agon has announced that he will hand back half the stock-options he received in 2010 and that the French firm will stop using them altogether.