L’Oreal has proved it is well and truly on the road to recovery after posting double digit second quarter growth on the back of a particularly strong performance in developing markets.
Professional hair care provider Regis says it continues to be hard hit by the economic downtown as revenues for its fourth quarter fall by 5.6 percent.
China has recently overtaken the US as the second largest market for luxury goods and growth is not expected to slow, making it a crucial target for high-end cosmetic players.
Procter & Gamble will be increasing the number of brands and products it offers in emerging markets in order to make the most of the growth potential they hold.
Growth in all its geographical markets excluding the US helped France-based natural cosmetics company L’Occitane deliver a profit above original estimates.
Brenntag is to acquire Asian chemicals distributor EAC Industrial Ingredients for €160m cash in a move that will significantly expand its presence in the Asia food, cosmetics and pharmaceutical sectors.
High-end mass market cosmetics brands such as Olay from P&G and prestige brands such as Estée Lauder are likely to outperform lower-end brands such as Avon in China, according to a new report from Bernstein Research.
Private label personal care specialist McBride says weak retail sales in Europe and increased expenses are likely to impact the company’s fourth quarter results.
A ‘buoyant’ performance in Hong Kong and Macau and strong online sales helped Hong Kong-based cosmetics retailer Sa Sa deliver a 2009 annual turnover of HK$4.1bn (€430m), up 13.9 per cent on the previous year.
Estée Lauder is continuing its mission to grow its key brands with the appointment of Caroline Geerling as president of the Tom Ford Beauty brand and new business.
Rigid plastic packaging supplier RPC has warned that significant increases in polymer prices will be passed on to its food and personal care customers.
International chemicals company Rhodia has announced plans to acquire China-based Feixiang Chemicals (ZJG), strengthening its position in both the surfactants market and Asia-Pacific region.
As many foreign cosmetics companies face up to the challenge of rising wages in China, the fact is that while costs rise, increased spending power is likely to translate into higher domestic sales.
Increasing its footprint in the cosmetics and personal care market, Switzerland’s second largest retailer, the Coop Group, has acquired The Body Shop Switzerland.
Flavour and fragrance ingredients manufacturer and supplier, Treatt, said its Group results for the six months period ending 31 March 2010 were ‘satisfactory’ in light of current economic conditions.
Anglo-Dutch consumer giant, Unilever, has announced it expects its acquisition of Sara Lee’s personal care and European laundry business to be completed by Q4 2010.
German chemicals and nutrients giant Cognis has turned in its best ever Q1 operating profit as sales across its three core divisions exceeded 2008 pre-financial crisis volumes in 2008 for the first time - fueling ongoing buy-out speculation.
Indian personal care products company, Marico, has acquired the aesthetics businesses of Singapore-based Derma Rx Asia Pacific through its skin care solutions subsidiary, Kaya.
Preliminary results from Alliance Boots show an annual profit in excess of £1bn (€1.2bn) and total revenue of £22.5bn, a 9.6 per cent increase compared to last year’s figures.
British pharmacy chain Alliance Boots has signed an agreement with consumer giant Procter & Gamble to continue the European roll out of its Boots Laboratories product brand.
Beiersdorf reported strong like-for-like sales growth driven by a marked recovery in its Tesa adhesive group, but the consumer goods division shows a very mixed performance.
Prestige cosmetics player Elizabeth Arden reported increased sales and a slight reduction in losses for its third quarter, although currency translations negatively impacted the bottom line.
French cosmetics player L'Occitane says its recent IPO has helped it to raise HK$5.5bn (€553m) as part of efforts to target expansion in the fast growing China market.
Germany-based Henkel reported a 7.8 per cent increase in first quarter sales aided by an ‘impressive sales performance’ in its cosmetics and toiletries division.
French plant-derived ingredient supplier Naturex has reported revenues and profits in line with its 2009 targets, and is working on the full integration of recently acquired Natraceutical assets.
First quarter profits were down for the global consumer products company as it was hit by price discounting and added promotional expenses to support new product launches.
Steady growth in overseas sales failed to offset a poor domestic performance for Japan-based Shiseido, resulting in a 6.7 per cent decline in consolidated net sales for 2009.
Hair and skin care provider Alberto-Culver has reported a double-digit rise in group sales, despite the fact that sales in the US market fell during the period.
L’Oreal says that it is in ‘no hurry’ to sell off the 8.97 per cent stake in France-based consumer health care and pharmaceuticals player Sanofi-aventis.
Estee Lauder Companies has beat profit expectations having posted a 10 percent increase in Q3 sales as consumers of prestige products return to their old spending patterns.
Global Japan-based personal care provider Kao was hard hit by the global recession in 2009, although there are clear signs that the downward trend is looking up again.