Business & financial

Avon announces closures and job cuts as part of cost saving initiative

Avon announces closures and job cuts as part of cost saving initiative

By Andrew MCDOUGALL

Having endured a turbulent 2012, Avon Products has spent most of this year restructuring and balancing the books, and this has seen 400 jobs cut worldwide in a bid to create greater management flexibility and efficiency within the business operations.

P&G one step closer in zero manufacturing waste goal

P&G one step closer in zero manufacturing waste goal

By Michelle Yeomans

The manufacturer, well-known for brands like Gillette, has now achieved zero manufacturing waste to landfill in 45 of its facilities across the globe, a major step towards its long-term efforts to be more sustainable.

Sir Lindsay Owen-Jones ends 30 year tenure at L’Oréal

Sir Lindsay Owen-Jones ends 30 year tenure at L’Oréal

By Andrew MCDOUGALL

After 30 years with the beauty behemoth, Sir Lindsay Owen-Jones, honorary chairman of L’Oréal, has notified his decision to resign from the board of directors of the group, commenting on how much the company has strengthened. 

People on the Move: the latest cosmetic industry appointments

People on the Move: the latest cosmetic industry appointments

By Michelle Yeomans

Cosmetics Design presents the latest round up of the movers and shakers in the cosmetics industry, including a re-shuffle at Chanel and Ulta Beauty and appointments at Stila and Jane Cosmetics and aerosol specialists, Lindal group. 

L'Oreal fined by Swedish authority

L'Oreal fined by Swedish authority

By Michelle Yeomans

The cosmetic giant has been fined by the Stockholm City Court for continuing to run adverts on some of its face creams that had already been banned in Sweden.

TFS awarded prime rating for sustainability efforts

TFS awarded prime rating for sustainability efforts

By Michelle Yeomans

The Australian supplier of Indian sandalwood that cosmetic giants like Lush have developed product ranges around, has been awarded a prime sustainability rating due to its compliance with social and environmental standards.

WWF embraces RSPO International Standards on palm oil in Peru

WWF embraces RSPO International Standards on palm oil in Peru

By Andrew MCDOUGALL

Nature conservation organization, WWF’s Peru operation has endorsed the Roundtable on Sustainable Palm Oil (RSPO) International Standards, for addressing this situation which is taking place across tropical rainforests around the world.

Wojciech Inglot (source: AP)

Cosmetics firm founder Inglot dies aged 57

The cosmetics industry is in mourning following the announcement that Polish chemist and founder of cosmetics giant Inglot, Wojciech Inglot, has passed away aged 57.

CDP ranks Symrise highly in sustainability assessment

CDP ranks Symrise highly in sustainability assessment

By Michelle Yeomans

The Carbon Disclosure Project (CDP) has ranked the global supplier of fragrances, cosmetic base materials and substances highly for its transparency on greenhouse gas emissions, in an assessment of 350 companies in Germany, Austria and Switzerland.

Oriflame results end the year on a more positive note

Oriflame results end the year on a more positive note

By Simon Pitman

The Sweden-based direct sales provider has reported steady local currency sales for its fourth quarter, a figure that was up on the previous third quarter when sales were hard hit by the European economy.

Avon stake holder refers to business as ‘a mess’

Avon stake holder refers to business as ‘a mess’

By Simon Pitman

One of Avon’s biggest stakeholders says the business needs significant restructuring to turn it around but believes CEO Sheri McCoy is the right person to put the business back on the right track.

Fragrances shine for Givaudan full-year results

Fragrances shine for Givaudan full-year results

By Simon Pitman

Fragrance and flavours player Givaudan has reported strong gains in both of its business divisions, with sales of fragrances, and specifically fragrance compounds, providing the driving force.

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