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Business & Financial

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Unilever to launch online shopping portal in Pakistan

27-Aug-2014 - Unilever has partnered with daraz.pk to become the first organization in Pakistan’s FMCG sector to offer an online retail solution for customers.

Slow sales of Justin Bieber and Taylor Swift fragrances hurt Elizabeth Arden

20-Aug-2014 - Elizabeth Arden’s fourth quarter results showed a 28.4% decline as some of its biggest celebrity fragrance brands failed to make the mark.

Strong Estée Lauder results undermined by Korea market

19-Aug-2014 - Luxury international cosmetics player Estée Lauder posted record-breaking fourth quarter and full year results that show the company is continuing to lead the field.

Energizer reshuffles financial execs ahead of restructuring

18-Aug-2014 - Energizer has announced that Dan Sescleifer will be standing down as chief financial officer once the company’s planned restructuring is put in place.

Consumer demand for cosmetics in China means ingredients suppliers are turning to imports

18-Aug-2014 - As China’s cosmetics market has continued to witness increased demand due to improving lifestyles and rising disposable income ingredients supplier Fenchem says it is riding that wave by turning to the...

Bangladesh lucrative ground for Indian cosmetic manufacturing bases

14-Aug-2014 - In an effort to by-pass higher import tariffs for products made in India, cosmetics companies are widening their manufacturing bases in Bangladesh. 

New Personal Care head at Hindustan Unilever

14-Aug-2014 - Hindustan Unilever Limited (HUL) will split its Home and Personal Care (HPC) business to focus on the strengths of each after the unit’s current executive director Hemant Bakshi was appointed...

Unilever to launch first online retail offering in Pakistan's FMCG sector

12-Aug-2014 - Unilever is making its first move into e-commerce in Pakistan, preparing to profit from the robust growth predicted for online retail in the country.

P&G following through on its commitment to sustainable palm oil

12-Aug-2014 - In one of its first major sustainability initiatives since the company’s sourcing of palm oil came under major public scrutiny, Proctor & Gamble has launched a new research program in...

Nu Skin Q2 results see significant decline

11-Aug-2014 - Skin care specialist Nu Skin says continued problems in its China operations have weighed heavily on its second quarter results, causing revenues and profits to fall.

New study backs hair regrowth reduction claims

11-Aug-2014 - A new independent clinical study demonstrates a substantial reduction in hair regrowth following use of the no!no! Hair product, much to the joy of manufacturer Radiancy, a Photomedex subsidiary.

UK contract manufacturer strikes up deal with Jahwa

06-Aug-2014 - Swallowfield, a UK-based contract manufacturer, has struck up a deal with Jahwa, one of the largest domestic personal care players in China, to supply a range of products British-made products....

L’Oréal growth in Asia-Pacific slows, while currency translation also takes a toll

05-Aug-2014 - Although growth in the Asia Pacific region still remains robust for L’Oréal, it continues to show signs of slowing as the company's second quarter results also reveal that the strength...

P&G CEO pledges to cut brand portfolio by more than half

04-Aug-2014 - Following a financial year where Procter & Gamble has seen its sales continue to slide, the company has announced that it will slash the size of its product portfolio by...

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Avon turnaround is ‘taking longer than anticipated’

31-Jul-2014 - Avon Products admits that the company’s turnaround is taking longer than expected due to a difficult financial climate and tough markets, after announcing profits shrank in its second quarter.

Cosmetics retailer Jumei apologises over fake product sales in China

31-Jul-2014 - Online cosmetics retailer Jumei International Holdings has made an apology after media reports focused on the fact that it was selling fake luxury goods in China.

Hindustan Unilever sees sales increase but demand remains weak

30-Jul-2014 - Just like Godrej and Dabur India, Hindustan Unilever has witnessed the effects of a tough economic climate as although sales are up, demand remains weak.

ADA Cosmetics sold to new equity investment company

29-Jul-2014 - Germany-based ADA Cosmetics has been sold by global asset manager The Carlyle Group to Ardian, an independent private investment company.

The Face Shop angling to become top Korean brand in Thailand

29-Jul-2014 - The Face Shop, a skin care and cosmetics leader in Korea, is eying up expansion Thailand, where it has set its sights on the top spot among Korean brands in...

Record tourist numbers in Japan: a boost for department stores

29-Jul-2014 - The Japan National Tourist Organization has said 6.26 million tourists visited Japan during the first half of 2014, 26.4% ahead of figures for the same period last year – with...

eBay and LVMH settle longstanding counterfeit fight

22-Jul-2014 - Online marketplace eBay and luxury good firm LVMH have settled their longstanding legal fallout over counterfeit products dating back six years.

Works with Water Nutraceuticals revamps business strategy to cash in on supplement demand

18-Jul-2014 - After identifying significant growth opportunities across export markets and online, ‘Works with Water Nutraceuticals’ has completely revamped its skin supplement range in an effort to drive sales and brand awareness....

India's domestic players shake up deodrant segment

17-Jul-2014 - In what has previously been a marginal business in India, deodrants are now on the rise as low-end brands like Diana and Dynamite give the likes of Axe and Engage a run...

Emami hunting growth with multiple personal care launches

16-Jul-2014 - Emami has displayed eagerness to corner growth in India, with its recent launches and acquisitions marking it out as a company investing heavily in diversifying its portfolio. 

China - South Korea free trade pact to affect Taiwan's prosperity

16-Jul-2014 - Export-dependent island Taiwan could be hurt by a China-South Korea free trade pact, which will turn its complacency for a privileged position in China - granted by ECFA in '08 -...

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