L’Oréal will buy back 48.5 million of its shares from Nestlé for €6.5 billion in a move which lowers the food group’s stake in the company; although the Swiss firm says it is staying in the agreement for the long haul.
L’Oréal has revealed full year results showing that the business achieved record profits, as well as very strong sales growth, despite mixed economic conditions worldwide and negative currency translations.
French cosmetics maker L’Oréal has upped its biotechnology efforts by announcing it has signed a collaboration agreement with Evolva Holding for the co-development of novel biosynthetic production routes for an undisclosed ingredient with broad applications...
L’Oréal revealed to a packed room of industry professionals at PCD yesterday that ensuring long-term, transparent relationships with high-quality suppliers is key to its innovation process.
Estée Lauder Companies’ share price took a nose dive following the release of Q2 results showing a drop in earnings, but the verdict of financial analysts is mixed.
Estée Lauder reported a 3% decline in earnings for its second quarter as higher sales, among which were in the U.S. and Americas, were more than offset by an increase in operating expenses as well as softer-than-expected demand in some markets.
Fragrance and flavours ingredients provider has published full year 2013 results showing strong gains in organic sales worldwide, together with a rise in net income of nearly 20%.
Speciality chemicals manufacturer Innospec has appointed Johathan Treen as sales director of personal care for its Europe, Middle East and Africa (EMEA) region.
Five cosmetics manufacturers and ingredients suppliers make the global 100 most sustainable corporations list for 2013, including suppliers Croda and BASF, together with L’Oreal, Johnson & Johnson and Unilever on the manufacturing side.
Having lost its biggest fragrance license at the beginning of the year, Inter Parfums sales ended on a stronger note, as it shows signs of closing the gap left by Burberry.
Biotech firm Galactic celebrates its 20th anniversary with the opening of its new office in Germany which will strengthen its position in the local market, and the cosmetics industry it serves.
Anglo-Dutch consumer goods giant Unilever posted healthy profit margins for 2013, but a slowdown in emerging markets posted weaker growth and has not gone unnoticed.
Estée Lauder has made two senior appointments with Chris Good promoted to President, United Kingdom and Ireland, and Sandra Main promoted to Global Brand President, La Mer.
International Flavors & Fragrances has acquired the fragrance ingredients and fragrance creation abilities of Israel-based company Aromor Flavors and Fragrances.
L’Oréal chief executive Jean-Paul Agon says it would be a ‘good operation’ if the French cosmetics maker was to buy back Swiss food giant Nestle's 29.8% stake.
Cosmetic giants Unilever and L’Oreal have hit back at activist group, Centre for Science and Environment over claims that metals like mercury, chromium and nickel are in their products.
The Germany-based Nivea brand owner says that sales in its consumer business segment were steady during 2013, with preliminary results showing that nominal sales were up 1.1%.
Fragrance supplier CPL Aromas has joined forces with Brenntag in an exclusive deal that will see the latter sell and distribute fragrance compounds in Turkey.
In a case that has been rumbling on for over six years, L’Oréal and eBay have finally decided to bury the hatchet and work together to eliminate sales of counterfeit products.
Direct sales giant Nu Skin has come under attack after a newspaper in China, one of its biggest market, accused the company of operating an illegal pyramid scheme to sell its products.
UK-based ingredients provider CPL Aromas says that significant growth in South America, the Far East and India have helped to drive record-breaking results for the company.
L’Oréal has reiterated its commitment to sustainability by announcing that it has put a ‘zero deforestation’ rule in place when sourcing raw materials.
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.
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.
L’Oréal announces its decision to pull its Garnier brand out of China stating that it will look to concentrate on other brands that are performing stronger in the region.
Fragrance and cosmetics provider Coty has entered into an agreement to acquire Lena White Ltd, which is the distributor of its OPI branded nail care products in the UK.
Procter & Gamble is planning an extensive reorganization of its overseas business units as part of efforts to cut down on costs – according to a Bloomberg report.
Cosmetics packaging manufacturer Hermann Koch Group has been sold to a group of German investors in a change which will also involve a management reshuffle.
On the recent completion of an agreement with Syneron Medical to create a range of at-home beauty devices, it is clear Unilever has its sights set on dominating the segment.
The acquisition of Germany-based specialty chemical player Oxea has been sealed, after the deal was concluded between the Oman Oil Company (OOC) and private equity company Advent International.
Specialty chemicals company Clariant has announced the second expansion of its ethoxylation site at Clear Lake in Pasadena, Texas which serves the personal care industry amongst others.
Despite a fire in one of its’ main warehouses setting back business last month, the Sweden-based company has made efforts to move forward with further investments in the lucrative stem cell segment.
Although the emerging markets in Asia Pacific and Latin America continue to be stronger economies, the slowdown in growth is likely to stay for the longer term, says Unilever CEO Paul Polman.
Anglo-Dutch consumer goods giant has been making a lot of announcements of late and the latest is that it will sell of part of its hair care business as it looks to focus on its core brands.
Fragrance and food ingredient manufacturer Frutarom has recorded another successful financial period as sales and operating profit both increased in Q3.
L’Oréal has promoted Marc Speichert to global chief marketing officer, highlighting the work he has done in Americas having only been promoted to CMO there, four months ago.
EU negotiators are optimistic that they can secure a place for financial services regulation as trade talks continue this week where regulatory compatibility for cosmetics is also on the agenda.
Unilever has highlighted its focus on Personal Care expansion by announcing an investment of over €150 million in a new manufacturing plant in Konya, Turkey, to increase its capacity for sustainable growth in the market.
German retailer Douglas aims to complete its purchase of perfumer Nocibe by the end of the year, and is on the look-out for new fragrance chains to expand its business in Europe, the company announced at a press conference.
The Japanese hair care and cosmetics producer has revealed its plans to capitalize on the Middle East’s ‘market potential’ by investing in a Dubai based division.
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