In line with the expectation that successful clinical trials of Skinvisible Pharmaceuticals’ DermSafe hand sanitizer would accelerate license negotiations worldwide, the company has secured a Canadian license agreement for its product.
Ingredients standards researcher ChromaDex has secured $1,000,000 in investment that it says will allow it to continue expanding the business, after spending several months consolidating the deal.
Talk of a multi-billion euro transaction involving Reckitt Benckiser, a global brand owner of personal care and household products, has sent share prices rocketing.
Direct seller Nu Skin ups its forecast for the year as it predicts strong results from its new anti-aging range as well as an improved performance in Japan.
Beiersdorf is still reeling from the downturn in its non-personal care operations, but the improvement in the group’s business operations overall is quicker than expected.
Revlon revealed falling sales during its third quarter, underlining tough retail conditions and the strength of the dollar against international currencies.
Directs sales anti-aging skin care specialist Nu Skin says that its most recent quarterly results show sales growth despite the slow retail environment.
LVMH reported better than expected results, with Christian Dior fragrance doing well and robust sales in China making up for weakness in other business areas.
Despite a slow start to its financial year, Swiss fragrance and flavours group Givaudan says business has picked up in the last six months, pointing to a recovery.
Naturex, the French-based botanicals giant that recently acquired the ingredients business of Spanish company, Natraceutical Group, will earn €185m in 2009 – up from its 2008 income of €93.2m, as it announced details of the deal.
Despite cries of the ‘lipstick effect’, the cosmetics and personal care industry has not been protected from the economic downturn and some analysts argue recent alterations to the market and changes in consumer behaviour might be here to stay.
Hopes of a recovery in consumer spending linked to the election of the Democratic Party of Japan has led analysts to up the outlook for Japanese firm Shiseido’s domestic sales.
L’Oreal has announced a 14 per cent drop in its first half profits as a gradual rise in sales helps get the global cosmetics player back on track, beating market forecasts.
Kose, one of Japan’s biggest cosmetic and personal care providers, says it will start to focus on developing international markets to counterbalance weaker developed markets.
Direct sales player Oriflame has announced a big increase in local sales for its second quarter, but the negative impact of currency exchange hits profits.
The perfume and cosmetics division of luxury goods player Moët Hennessey Louis Vuitton (LVMH) suffered sales losses in the first half of 2009 but stood up better than its wines and spirits segment.
Although the company’s adhesives business has been battered by the recession, Q2 sales for its personal care operations were buoyed by developing markets
Fragrance and flavour supplier Givaudan blames a drop in sales on destocking and lower consumer demand, although it said second quarter results show a slight recovery.
Lower costs boost second quarter profits for soap and toothpaste maker Colgate-Palmolive, despite the fact that global sales fell on the strength of the dollar.
Gerresheimer has cut its forecast for 2009 after a poor second quarter that saw gains made in drug packaging pegged back by falling demand from the cosmetics industry.
Mumbai-based Galaxy Surfactants has purchased a majority stake in US-based ingredients supplier Tri-K in order to expand on its personal care portfolio and consolidate its global presence.
Beiersdorf has invested €10 million to expand a factory in Bangplee, Thailand in order to double the manufacturing capacity of its Nivea products and capitalize on the fast expanding South East Asian market.
Specialty soaps and skin care provider Crabtree & Evelyn has filed for bankruptcy in the US, becoming the latest personal care player to fall victim to the economic crisis.
An IPO for leading China hair care BaWang has triggered investor interest that saw shares traded at the top end of forecasts, raising €152m for the company.
Rhodia has just completed the acquisition of its minority partner’s shares in its joint venture Rhodia Thai Industries, as part of the firm’s wider strategy to reinforce its global presence in specialty surfactants.
Hair colour maker Hoyu is set to buy a controlling stake in former Kanebo spin-off company Kracie Holdings for about 25 billion yen ($261m), according to press reports.