Business & financial

Henkel appoints Beauty Care boss as new CEO

Henkel appoints Beauty Care boss as new CEO

By Andrew MCDOUGALL

Henkel has appointed Beauty Care boss Hans Van Bylen as its new CEO following Kasper Rorsted’s decision not to renew his contract and step down at the end of April.

Who will acquire Revlon?

Who will acquire Revlon?

By Deanna Utroske

That’s the question majority owner Ron Perelman is asking—late last week he filed a statement with the US Securities and Exchange Commission declaring that his investment firm is exploring strategic alternatives involving the company.

Nivea helps boost Beiersdorf 2015 revenue

Nivea helps boost Beiersdorf 2015 revenue

By Andrew MCDOUGALL

Despite slower demand, an increase in prices and the amount of male customers has helped bolster sales for the Nivea brand, which has helped boost Beiersdorf’s overall 2015 revenue figures.

Cosmetic science school achieves learning accreditation

Cosmetic science school achieves learning accreditation

By Andrew MCDOUGALL

Formula Botanica, an online organic cosmetic science school, has been given accreditation by the Open & Distance Learning Quality Council, which means that its teaching methods and educational materials meet the highest standard.

P&G streamlines global PR strategy

P&G streamlines global PR strategy

By Deanna Utroske

The consumer goods company is making changes to save money and influence consumers all at once, with public relations efforts squarely refocused on brand-building thought leadership initiatives.

L’Oréal announces new Executive Committee appointment

L’Oréal announces new Executive Committee appointment

By Andrew MCDOUGALL

L’Oréal announces changes in its management as Nathalie Roos is appointed President of the Professional Products Division and is joining the group’s Executive Committee during the course of the 2nd quarter, 2016. 

P&G sustainability report focuses on renewables

P&G sustainability report focuses on renewables

By Simon Pitman

Procter & Gamble has published its 17th annual sustainability report, sending out a clear message that renewable energy and materials are an integral part of its goals, moving towards 2020.

DuPont and Dow merger set to form mega chemical company

DuPont and Dow merger set to form mega chemical company

By Simon Pitman

DuPont and Dow are to merge with the intention of forming three divisions that will include a material science business as the focus for cosmetics and personal care ingredients, that will eventually be spun off into three separate companies.

Dow and DuPont on the brink of a merger

Dow and DuPont on the brink of a merger

By Deanna Utroske

The consolidation of these US chemical corporations will be a game changer for the personal care and cosmetics industries and have staggering economic implications on a regional, national, and global scale.

Hoax! Oprah is not about to invest in Avon

Hoax! Oprah is not about to invest in Avon

By Simon Pitman

Avon stock prices soared by as much as 17% yesterday as rumors circulated that Oprah Winfrey wanted to invest in the cosmetics giant – a story that has proved to be a hoax.

Galderma to expand MEA offering with new Dubai HQ

Galderma to expand MEA offering with new Dubai HQ

By Andrew MCDOUGALL

Dermatology firm Galderma is opening a branch office in Dubai Healthcare City to serve as the hub for the Middle East region, as well as Africa, as it looks to develop closer customer ties expand on opportunities. 

Is a turnaround finally in sight for troubled Avon?

Is a turnaround finally in sight for troubled Avon?

By Simon Pitman

After several years of steep decline for one of the biggest cosmetic players in the world, a positive rating from Citibank has sent stock prices surging amidst renewed hopes of improvements.

Ratings agency warns on Avon Products’ debt levels

Ratings agency warns on Avon Products’ debt levels

By Simon Pitman

Years of poor performance have taken a big toll on Avon Products' balance sheet, with credit ratings agency Fitch Solutions now warning that the cost of protecting the business from defaulting on debt payments is at a record high.

Henkel profits up but European challenges remain

Henkel profits up but European challenges remain

By Andrew MCDOUGALL

Henkel posted a better-than-expected increase in profits for its third quarter, with its Beauty business seeing particular gains in Russia and North America; but challenges still remain in Western Europe to bring it back to form. 

So Coty, why London? CFO gives the relocation reasons…

So Coty, why London? CFO gives the relocation reasons…

By Andrew MCDOUGALL

Coty is relocating its headquarters to London to ensure it is not in the same location as any divisional management offices empowering the business, and also to attract talent to the base, particularly with a new Growth and Digital department being launched.

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