Japanese textiles and cosmetics group giant Kanebo has admitted to
inflating profits by about $2 billion over the five-year period to
March 2003, in what could be Japan's largest accounting fraud
involving a non-financial firm.
The European Union has cleared the acquisition of France-based
Marionnaud Parfumerieries by AS Watson, part of Hong Kong
conglomorate Hutchinson Whampoa. The deal wins the group a
controlling stake in Marionnaud, reports Simon Pitman.
Italian company Unifill, a manufacturer of vertical thermoform,
fill andseal machines for monodose plastic packs for the food,
pharmaceutical,cosmetics and personal care industries, will be
displaying upgraded and new models at the...
Alcan is to sell its European aluminum tubes business operationsto
its current management team and 21 Centrale Partners, an investment
fund specialised in high-potential mid-size industrial companies,
reports Simon Pitman.
Japanese company Bernet International is turning waste from soybean
processing into a base ingredient for cosmetic applications using
newly developed biotechnology, reports Simon Pitman.
Amway has broken into the Russian market in a bid to tap into huge
consumer growth. The direct sales company is aiming to establish a
sales force for its range of cosmetics and household products from
centres based in Moscow and Nizhni...
Japan-based Frontier Carbon Corporation says it is commencing US
production in a bid to muscle in on the growing demand for
fullerene materials for, amongst other industries, the European and
US cosmetics and personal care sector.
Alcan is to purchase a packaging manufacturing site in the
ChineseSuzhou region, which will be equipped to fabricate beauty
and personal care products. The company says the move will better
serve it to and meet fast growing regional...
In Japan two leading cosmetic companies have announced the launch
of new skin care formulas in the same week. Kanebo has developed a
vitamin-B skin whitening product, while Kao has unveiled a formula
that claims to tighten skin pores,...
Rohm and Haas has selected the site for its new China research and
development center in Shanghai, as part of its move to increase the
development of specialty material products for a number of Asia
Pacific industries, including personal...
Global packaging provider Rexam has announced flat results for the
full year 2004, with its plastics packaging division boosted by a
particularly good performance from its beauty operation, reports
Simon Pitman.
Givaudan has reported that sales fell in 2004, with a poor
performance from its fragrance division hampered by its fragrance
ingredients business combined with unfavourable currency exchange
rates, reports Simon Pitman.
Oriflame's less than impressive debut as a public listed company
and falling profits has prompted major boardroom changes,
highlighted by the appointment of Magnus Brännström as the
company's new CEO, Simon Pitman reports.
Shiseido, Japan's leading cosmetics group, has commenced a joint
research project in an effort to discover new herbal ingredients
for its cosmetic products, writes Simon Pitman.
Campaigns for cosmetic and toiletry products are leading a major
surge in advertising expenditure in China, latest research
information shows. The findings reflect the continued growth and
investment in an industry hotly tipped for...
US personal care company Nu Skin's net income suffered from a
conference payment in Q4, but the company was happy with the large
revenue it brought in during the period.
Swedish cosmetics company Oriflame today announced an increase in
sales in Q4 boosted by the efficiency of the catalogue as a selling
tool, but operating profit was down.
Avon has reported that sales grew ten per cent during 2004,on the
back of a continued growth during the fourth and last quarter. But
currency weakness and a slack US market continue to hamper
otherwise healthy results.
A scientific study has shown that artificial musk fragrance can
increase sensitivity to toxins in mussels, indicating possible
implications for human health. Simon Pitman reports on the
findings and industry's reaction.
Inamed a global health care company, and its partner Ipsen, a
European pharmaceutical group, are to distribute rights of Ipsen's
botulinum toxin Type A product in selected international markets,
including Europe.
Cosmeceuticals, or supplements that target skin health and beauty,
are seeing fast growth in Europe since emerging as a new concept
but much of the growth so far has come from a handful of brands,
reports Dominique Patton.
Takasago International, one of the leading global flavours and
fragrance groups, has established a new division in Shanghai aimed
at expanding its manufacturing and retail presence in China as well
cutting costs.
Japanese cosmetic manufacturer Shiseido has announced that its
research has discovered that adenosine contains hair re-growth
properties, and that it is expecting to market as a hair growth
product in Japan from next Spring.
P&G has reaffirmed that its health and beauty lines,
particularly in developing markets, will continue to sustain future
growth for the company. Simon Pitman reports.
Health Canada has confirmed that the labelling of all ingredients
on cosmetics products will become compulsory in the course of the
next two years, bringing the country in line with the United States
and Europe. Simon Pitman reports.
Industry bodies have hit back at claims by a US study team that a
chemical commonly used as a preservative in a variety of cosmetic
products may damage unborn foetuses, saying that doses are far too
small to have such an effect.
Toothpaste maker Colgate-Palmolive says it is axing more than 4,000
of its global work force and closing a third of its 78 factories in
a restructuring plan that aims to save the company up to $300
million a year. Simon Pitman reports.
Soft Gel has been awarded a US patent (6,806,259) for its Injuv
soft gelatin capsule, a skincare supplement aimed at improving skin
texture and appearance.
Firmenich, the privately-owned Swiss flavours and fragrance group,
has reported a 4.1 per cent growth in its annual sales, driven by
the particularly strong performance of its fragrance division in
the Latin American and Asia Pacific...
International Flavors & Fragrances says it is planning the
construction of a new specialty ingredients manufacturing plant in
China, in a move that aims to boost global production capacity.
In the US The Skin Cancer Foundation has awarded Obagi Medical
Products' Nu-Derm System Healthy Skin Protection SPF 35 sunscreen
with its Seal of Recommendation. The product won the award due to
its effective combination of active...
France-based research laboratory, Spincontrol is launching a new
technology to test skin whitening technologies. The development is
claimed to provide proven efficacy of whitening products for ageing
Caucasian skins as well as Asian...
Rapidly increasing consumption of cosmetics products helped fuel a
14.2 per cent growth in China's retail sales during the month of
October. The figures confirm the continued rise of cosmetics sales
in the country and the mounting...
Natural cosmetics maker Oriflame has reported a steady increase in
sales for the first nine months of the financial years, although
the most recent quarter bucked that trend, reflecting increased
costs and currency movements in international...
China's government is set to free up the market for direct sales in
the country, a move that is likely to allow the direct sale of
cosmetics by international companies such as Avon, Nu Skin and
Oriflame. Simon Pitman reports.
A declining US personal care sector, twinned with the sluggish
growth of personal care products across Europe have failed to halt
an overall increase in the global personal care market, despite
Latin America and a number of emerging...
Avon has reported strong sales growth and profits for its third
quarter financial results, but despite this weakened sales for the
US market is making some investors nervous. Simon Pitman
reports.
Sun Chemical has increased the price of all packaging inks and
coatings by three to seven per cent this month, blaming rising
petrochemical costs that could affect the entire packaging industry
for the next couple of years.
DSM Nutritional Products has launched its purified green tea
extract Teavigo in Italy, its first European market. The move is
likely to help the roll-out of the product in other member states.
According to a new report, the major forces in the cosmetics
industry - that include L'Oreal, Proctor and Gamble (P&G) and
Unilever - are turning away from sluggish US domestic markets, and
focusing their attention on the...
The urban Chinese Fast Moving Consumer Goods (FMCG) industry has
out-stripped all the fast-growing Asian economies, including India,
over the past year. And a Closer look at the ACNielsen figures
reveals that growth in cosmetics and...
DSM Nutritional Products has just opened up the world's largets
vitamin E production facility in response to growing demand from a
number of different business areas, including the cosmetics
industry, reports Dominique Patton.
Cosmetics giant Avon says that it is expecting strong profit and
sales growth to continue in to its third and fourth quarters. The
company said that despite flat sales in the US market, strong sales
in Central and Eastern Europe together...
The Malaysian palm oil industry looks set to play a more active
role in cosmetics formulation after the country's Palm Oil
Promotion Council declared that it was looking to expand exports of
oleochemical products.
World leading cosmetics companies have rediscovered "the rest of
the world" - everywhere outside Western Europe, North America
and Japan - as one of the strongest forces driving sales growth.
With increasing incomes, the...
Sometimes not following market trends and competitors, but sticking
to your own business and marketing strategy may be the best way to
succeed. One of the best examples of this is Avon, the sixth
largest global beauty company, which...
Aggressive expansion of its direct sales network into various
emerging markets has put Swedish cosmetic group Oriflame on route
for its sixth consecutive year of sales growth, writes Sibonelo
Radebe.
![We round up our most-read stories on the hottest beauty brands. [YSL]](/var/wrbm_gb_food_pharma/storage/images/_aliases/wrbm_tiny/publications/cosmetics/cosmeticsdesign-asia.com/headlines/brand-innovation/brand-updates-from-lg-h-h-ysl-beaute-skinidea-and-more-beauty-brands/17401527-1-eng-GB/Brand-updates-from-LG-H-H-YSL-Beaute-Skinidea-and-more-beauty-brands.jpg)
![Laboratoires Expanscience introduces a ceramide-boosting flaxseed active to cater to trends such as regenerative skin care and supports regenerative agriculture. [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/wrbm_tiny/publications/cosmetics/cosmeticsdesign-asia.com/headlines/formulation-science/expanscience-ceramide-boosting-flaxseed-active-taps-into-regenerative-skin-care-trends/17408373-1-eng-GB/Expanscience-ceramide-boosting-flaxseed-active-taps-into-regenerative-skin-care-trends.jpg)
![Estée Lauder will launch new products developed by a local team especially for its Chinese consumers in Q4. [Estée Lauder]](/var/wrbm_gb_food_pharma/storage/images/_aliases/wrbm_tiny/publications/cosmetics/cosmeticsdesign-asia.com/headlines/brand-innovation/estee-lauder-set-to-debut-first-products-developed-by-china-r-d-facility-in-q4/17401473-1-eng-GB/Estee-Lauder-set-to-debut-first-products-developed-by-China-R-D-facility-in-Q4.jpg)
![ESG considerations have emerged as a central focus for China's beauty brands. [Getty Images]](/var/wrbm_gb_food_pharma/storage/images/_aliases/wrbm_tiny/publications/cosmetics/cosmeticsdesign-asia.com/headlines/market-trends/china-s-beauty-brands-embrace-esg-focus-as-consumer-priorities-shift/17304986-1-eng-GB/China-s-beauty-brands-embrace-ESG-focus-as-consumer-priorities-shift.jpg)
