Business & financial

Coty Q4 profits ‘better than expected’

Coty Q4 profits ‘better than expected’

By Andrew MCDOUGALL

Coty says fourth quarter profits are better than expected with fragrance and skin care seeing particular gains in Asia, having posted its first quarterly results as a public company.

Colep and One Asia Network announce manufacturing agreement

Colep and One Asia Network announce manufacturing agreement

Colep and the One Asia Network have announced a Manufacturing and Technology Agreement, which will cover the whole of their respective organisations and thereby give supply coverage from Australia, Japan, China, Thailand, India, Poland, Germany, Spain,...

LVMH announces it will not appeal Hermès fine

LVMH announces it will not appeal Hermès fine

By Michelle Yeomans

LVMH says it will not appeal a €8m fine it received from French stock market watchdog (Autorité des marchés financiers - AMF), back in July for not declaring its stake holding in Hermès. 

Beauty focus sees new DSM brand identity

Beauty focus sees new DSM brand identity

By Andrew MCDOUGALL

Ingredients supplier DSM has refocused its beauty business to better position itself in the cosmetics and personal care market and claims a new brand identity will help it to better connect with customers and consumers.

Avon hires new head of Strategy as turnaround continues

Avon hires new head of Strategy as turnaround continues

By Andrew MCDOUGALL

Avon Products has taken another step towards its major turnaround with the announcement that Brian Salsberg has been appointed as senior vice president, Global Strategy, effective September 23.

Euromonitor: P&G no match for L’Oréal as R&D is diluted

Euromonitor: P&G no match for L’Oréal as R&D is diluted

By Andrew MCDOUGALL

Cosmetics manufacturers that have a streamlined beauty focus rather than a diverse product portfolio are more likely to prosper in the future, which is good news for L’Oréal, but may lead to a rethink for Procter and Gamble.

L’Oréal targets China growth with $843m bid for skin care firm

L’Oréal targets China growth with $843m bid for skin care firm

By Andrew MCDOUGALL

Cosmetics giant L’Oréal has offered to buy Chinese skin care company Magic Holdings International for HK$6.5bn ($843m) in cash said in a joint statement, as the French firm looks to take advantage of the growing luxury market in China; where sales growth...

Scent and skin care post double digit gains for Symrise

Scent and skin care post double digit gains for Symrise

By Simon Pitman

Germany-based fragrance and ingredients provider Symrise has posted big sales in its scent and skin care division on the back of gains in cosmetics ingredients, as well as oral care and fine fragrances.

Fragrance sales drive strong growth for IFF

Fragrance sales drive strong growth for IFF

By Simon Pitman

IFF has reported strong growth for its second quarter, driven mainly by an exceptional performance in the fragrance division, together with gains in all geographical regions including Europe.

L’Oreal appoints new India MD

L’Oreal appoints new India MD

By Chris BARKER

Cosmetics giant L’Oreal has announced that Jean-Christophe Letellier has been appointed as managing director of its India operations.

Personal care division drives profits for Elementis

Personal care division drives profits for Elementis

By Chris BARKER

A global specialty chemicals supplier has said that it expects a jump in growth in the second half of 2013 thanks to increased demand for its clay- and oil- based cosmetic ingredient technologies.

Givaudan boosted by results from emerging markets

Givaudan boosted by results from emerging markets

By Chris BARKER

International fragrance, consumer products and flavor giant Givaudan reported a 5.7 percent growth in sales for the first half of 2013, with a solid performance bolstered by high growth in Latin America and other emerging markets.

Chinese herbal brand focuses on the West thanks to increasing demand

Chinese herbal brand focuses on the West thanks to increasing demand

By Michelle Yeomans

Herborist, a brand positioned at the crossroads of traditional Chinese herbal extracts and the latest modern biotechnical achievement has further invested in the German markets following increasing demand from consumers for more Eastern based formulations.

L’Oreal’s second quarter continues strong growth path

L’Oreal’s second quarter continues strong growth path

By Simon Pitman

The world’s biggest cosmetics company, L’Oreal, has recorded continued growth at well above market average rates for its second quarter and first half financial results, although southern European revenues decline.

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