Oriflame sees sales slowdown in Russia hit profits
Cosmetics maker Oriflame has faced a challenging 12 months with a Russian tax probe taking its toll at the end of 2014, and now a slowdown in sales in the country has also seen profits drop too.
News & Analysis on Cosmetics Innovation
Cosmetics maker Oriflame has faced a challenging 12 months with a Russian tax probe taking its toll at the end of 2014, and now a slowdown in sales in the country has also seen profits drop too.
Beiersdorf has appointed former Colgate-Palmolive finance director Jesper Andersen as its new CFO, taking over from the retiring Ulrich Schmidt in September.
In the past there were discussions over the use of natural ingredients and this meaning there may be a compromise on performance, but sitting down with Shona Bear, Bulldog Skincare’s new head of NPD, she says this has all changed now.