Business & financial

New Avon LLC has arrived

New Avon LLC has arrived

By Deanna Utroske

The privately owned North American Avon business is a done deal this month as Cerberus Capital Management takes a majority stake in the beauty company—a transaction meant to make Avon profitable again.  

Revlon has no CEO

Revlon has no CEO

By Deanna Utroske

Today Lorenzo Delpani steps down from the position he’s held since October of 2013, and the company has yet to name a replacement or interim leader.

Unilever announces Dr Marijn Dekkers as new chairman

Unilever announces Dr Marijn Dekkers as new chairman

By Andrew MCDOUGALL

The Anglo-Dutch consumer goods giant announces that Dr Marijn Dekkers will succeed Michael Treschow as chairman of Unilever N.V. and Unilever PLC as of April this year, and will look to take the company’s strategy forward.

Inolex expands in China with new technical facility

Inolex expands in China with new technical facility

By Simon Pitman

Cosmetic and personal care ingredients players Inolex has announced the opening of its new Commercial & Technical Center in Guangzhou, China as part of its expansion plans in the market.

Women working in cosmetics industry treated more equally than most

Women working in cosmetics industry treated more equally than most

By Deanna Utroske

New data from job review site fairygodboss.com shows well over half of women working in the beauty business self-report being treated equitably in regard to gender, though when it comes to job satisfaction cosmetics scored near the bottom.

Unilever CEO praises India's economic 'momentum'

Unilever CEO praises India's economic 'momentum'

By Lucy Whitehouse

Paul Polman, CEO of consumer goods multinational Unilever, recently described India as a market which is emerging with “momentum”, which he attributes to the government’s efforts to facilitate economic growth in the country.

Henkel appoints new beauty boss from within

Henkel appoints new beauty boss from within

By Andrew MCDOUGALL

Henkel has looked no further than its own organisation in appointing Pascal Houdayer as its new Executive Vice President for the Beauty Care business, effective as of May 1; replacing Hans Van Bylen who is becoming CEO on the same day.

L’Oréal targets Google hire to continue digital push

L’Oréal targets Google hire to continue digital push

By Andrew MCDOUGALL

L’Oréal is continuing to target the digital arena and is looking to online to continue to drive growth following a year in which it has invested heavily in the sector and e-commerce sales have been impressive.

L'Oreal launches Women of Worth 2016 Awards in India

L'Oreal launches Women of Worth 2016 Awards in India

By Lucy Whitehouse

L'Oreal has launched this year's instalment of its annual Women of Worth awards in India, indicating that the multinational is keen to push brand awareness forward further in the country.

The Body Shop goes for a green makeover with new CSR strategy

The Body Shop goes for a green makeover with new CSR strategy

By Andrew MCDOUGALL

The Body Shop announces that it will implement a new global CSR strategy outlining 14 targets to help maintain its position as ‘a leader in ethical business’ and continue to develop the business, with a focus on people, products and the planet.

Avon losses are bigger than expected

Avon losses are bigger than expected

By Simon Pitman

Avon results show a big drop in sales on the back of currency translations and tax costs, leading net profits to come in below market expectations.

Investors are indecisive about Coty. Here’s why…

Investors are indecisive about Coty. Here’s why…

By Simon Pitman

Share prices in Coty have been volatile ever since the company announced major expansion plans last year, and the trend has been downward so far this year, reflecting a number of uncertainties.

BASF raises vitamin A products prices to reflect global demand

BASF raises vitamin A products prices to reflect global demand

By Andrew MCDOUGALL

German firm BASF announces that it is increasing the global prices for its Vitamin A products by 20% in order to reflect the demand and supply situation on the market, and this will affect the anti-ageing and skin care categories.

Estée Lauder promotes three top executives

Estée Lauder promotes three top executives

By Simon Pitman

The Estée Lauder Companies has announced  the promotion of three top level executives as part of an ongoing restructuring of its management team.

L'Oréal cashing in on Bollywood brand reps

L'Oréal cashing in on Bollywood brand reps

By Lucy Whitehouse

L’Oreal has signed up several Indian actresses as brand reps lately, in a move set to push up brand awareness among younger consumers in the country.

Galderma expansion project awarded public funding

Galderma expansion project awarded public funding

By Deanna Utroske

The Nestlé Skin Health division is building on to its existing North American manufacturing plant, boosting production capacity and increasing employment at the site by more than 20%.

P&G results get thumbs up from investors

P&G results get thumbs up from investors

By Simon Pitman

Procter & Gamble’s second quarter results showed an increase in core sales and improved profit margins, beating analysts’ expectations and sending share prices up.

Kimberly-Clark results points to challenges in 2016

Kimberly-Clark results points to challenges in 2016

By Simon Pitman

Kimberly-Clark reports a rise in organic sales for its fourth quarter, but net results are hard hit by the strength of the dollar against foreign currency, a problem that is underlined in the company’s 2016 outlook.

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