L'Oreal announced second half financial results broadly in line
with market expectations at the end of last week, boosted by strong
sales in both the US and emerging markets. However, analysts
believe that improvements in profitability...
US and global consumer goods giant Sara Lee says it is planning to
refocus its business operations by selling off its direct sales
business for cosmetic, household and other consumer products.
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.
A medical study conducted at the University of New Mexico in the US
has concluded that exposure to sunlight might stop skin cancers.
Both industry and cancer associations have said that further
research is warranted in this area,...
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.
Sabinsa Corporation, a manufacturer and supplier of herbal
extracts, cosmeceuticals, minerals and specialty fine chemicals,
has appointed new agents in France and Germany for its
cosmeceutical line as part of a drive to extend its...
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.
Luzenac Group, the leading France-based talc producer, has
announced the extension of its business unit organisation model
worldwide, from the beginning of this year. The four new global
business units are centred on Luzenac's...
Alberto-Culver says its Beauty Systems Group has completed the
acquisition of CosmoProf, a professional beauty products
distributor based in California, US.
Nimbus Group has entered into a letter of intent with Fragex, a
French developer of cosmetics and fragrances for major
international brands based in Paris, to acquire a 51 per cent
majority stake in the French company, in a move that...
France-based Dermscan has signed a new partnership agreement
withCIDC, Centre International de Développement Clinique - the
International Centre forClinical Development. The move gives the
company a panel of multiethnic volunteers...
A government funded project in Thailand has devised a way of using
Tumeric in cosmetic products. The discovery is set to bring a host
of functions, including antioxidant and skin whitening properties
at a fraction of the cost.
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.
Avon is cutting back on non-cosmetics lines such as jewellery and
toys and concentrating on its international markets in an effort to
stem the effects of a slow US market, which the company forecasts
will not pick up during the course...
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.
Encynova, a provider of precision pumps, announces the new 2-1
Development Unit, which is said to provide increased process
development versatility for a variety of chemical-based liquid
metering applications. Simon Pitman reports.
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...
Shiseido and BASF have said they are to jointly develop new UV
protection technology for cosmetic sun protection products. The
move aims to tap in to the growing market for high SPF treatments
that help protect the skin against the...
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.
Estee Lauder has reported a strong first quarter, with profits
rising 23 per cent to $95 million. And like the rash of other
cosmetics companies posting good results in the last week, it is
the international markets outside of the...
Carton packaging continues to be significant for the cosmetics
industry, with steady global market growth of 9 per cent in the
period 1998-2003 largely represented by a visible shift towards
secondary packaging for mass market brands.
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...
Despite Wella reporting a 7.2 per cent increase in sales for its
core cosmetics and fragrance business in the first six months of
the year, the company has reported a drop in group profits bought
on by restructuring costs - a factor...
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.
Despite announcing rising profits yesterday, both Unilever and
Proctor & Gamble saw their stock prices slip, reflecting
growing concerns over excessive competition in the FMCG sector.
Simon Pitman reports.
Australian-based pharmaceuticals and biotechnology group Novogen
has announced its entry into the cosmetics field, following claims
that its anti-inflammatory drug NV-07a has proved to be a
successful anti wrinkle treatment. Simon...
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.
A new report has hailed the emerging winners in the global
cosmetics market as those who continue to use product innovation as
their main feature in driving sales growth - proving particularly
important in an ever crowded retail environment....
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.
Sales of care chemicals were up 3 per cent in the first half of
this year at German company Cognis, which said the increase to €577
million was driven largely by the skin care and fatty alcohol
businesses.
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...
Fierce competition in the consumer goods sector has driven Unilver,
maker of some of the world's leading cosmetics and toiletry brands,
to cut back its earnings outlook for 2004 with a view to changing
it five-year sales targets.
US-based Health Sciences has re-formulated Sense, its skin and
personal care product line. The product has been re-launched
containing the company's new preserving technology, which is said
to contain a number of active ingredients...
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