News & Analysis on Cosmetics Innovation
Naturex has reinforced its position in Latin America with the acquisition of a majority stake in Chile Botanics; a company that produces Quillaja extracts used in the cosmetics industry among others.
Beauty investment and development company Beauté Prestige International has confirmed a new joint venture with fashion house Narciso Rodriguez.
Despite Chanel’s vast portfolio of luxury goods, it’s the brand’s investment in the cosmetics sector that is coming up trumps, currently accounting for 55% of its annual revenue.
The New Year has given a boost to some key movers in the industry, with a rash of high level appointments at the Personal care Product Council, AkzoNobel, and Charkit Chemicals.