Avon shareholders have filed a class action lawsuit in New York,
claiming that the direct sales cosmetics giant failed to tell the
marketplace about the true state of its business, reports Simon
Pitman.
Croda has announced a strong increase in both its sales turnover
and profits for the first six months of the year, driven primarily
by demand for skin care ingredients, reports Simon Pitman.
Oriflame has reported operating profits well down on the same
period last year, as the company's attempts to expand into new
markets hit the bottom line, reports Simon Pitman.
Microtrace has teamed up with a laser technology company to offer
customers, including food processors, a covert system for brand
protection and for tracking products.
NuSkin Enterprises, the Utah-based cosmetics and supplements maker,
has announced record quarterly revenue. Results were given a big
boost by the performance of its supplements division, which
detracted from the performance in the...
Vibrating personal care items seem to be making a splash in the US
market this summer, with the launch of vibrating soap, vibrating
toothbrushes and vibrating razors.
Latest EU figures show that seizures of counterfeit cosmetics and
perfumes increased by 800 per cent in the period 2002 - 2003,
prompting the European Commission to draft new legislations aimed
at reducing the problem, reports Simon...
The gap is growing between Avon's leading market, the US, and the
rest of the world, as growth in both second quarter revenue and net
income continues to prop up a sagging domestic performance. But a
dip in China sales and slower...
Nanotechnology creates substances with new chemical properties that
we do not yet understand. A science with such huge potential
deserves closer attention to the possible risks, before it falls
the wrong side of belated discoveries...
Flavors and Fragrance maker Sensient Technologies has reported a 13
per cent drop in its quarterly profits following sluggish sales and
a one off arbitration payment following a dispute with a customer,
reports Simon Pitman.
Kanebo, the Japanese consumer and household goods company, looks
set to be rescued with rivals L'Oreal, P&G, Kao, Shiseido and
Kosé all trying to get in on the rescue bid to rehabilitate the
company, reports reports Simon...
Ensuring a constant supply of seasonal natural ingredients is one
of the most challenging aspects for businesses within this
category. Simon Pitman reports on how Brazilian rain forest
ingredients specialist Beraca Ingredients has...
Kanebo, the Japanese consumer and household goods company, looks
set to be rescued with rivals L'Oreal, P&G, Kao, Shiseido and
Kosé all trying to get in on the rescue bid to rehabilitate the
company, reports reports Simon...
As part of plans to restructure its operations Playtex Products
says it is moving to a consolidated North American structure and
restructuring its Canadian operations. The company also announced a
restructuring of its US Banana Boat...
Japan's largest household and personal care producer, Kao, says it
is in talks to buy the UK's Molton Brown, a producer of luxury
cosmetics and accessories, reports Simon Pitman.
A Connecticut-based chemicals company says it has developed a new
sun care ingredient derived from yeast and aimed at providing
increased protection from UV radiation and ageing, reports Simon
Pitman.
The global market for cosmetics and toiletries reached nearly $150
billion (€125m) in 2004, up by more than 4 per cent from 2003,
according to a new study that also highlights major growth in key
developing markets.
France-based ingredients company Soliance says that the integration
of the Acorane and Somaig companies is proving to be a logical step
towards increasing innovation in its active ingredients, reports
Simon Pitman.
Botaniex says it has received financing of $1.5 million that will
be used to fund the construction of a new production plant in
Guandong Province, China, for the extraction of botanical and
herbal ingredients to supply the global...
Essie Cosmetics has made the unusual step of teaming up with the
US-based Cruise Lines International Association, to launch a new
line of nail varnishes for specialty retail outlets worldwide.
Aloecorp, a leading supplier of aloe vera raw materials to the food
and cosmetic industries, says it has secured an international
organic certification for skin care applications, which could prove
a valid alternative to the soon-to-be...
The China government has revealed details of new licensing laws for
direct selling - legislation that is expected to herald a huge
surge business for players such as Avon and Orilfame, reports
Simon Pitman.
A UK dermatological study into the affects of a compound extracted
from Araroba trees claim they have improved the treatment for
psoriasis. Simon Pitman reports on what could prove to be a
break-through for a condition that affects...
Hong-Kong based AS Watson, part of the Hutchinson Whampoa group, is
continuing its march into the European health and beauty retail
sector with the acquisition of Portegies Drugstore in the
Netherlands, reports Simon Pitman.
Germany-based Symrise is reorganizing its global, regional and
local fragrance management teams in an effort to hone its fine
fragrance, personal care and oral care categories, writes Simon
Pitman.
Burke International, the company that has held the trademark for
the name 'rooibos' since 1994, has informed the US Patent and
Trademark Office (USPTO) of its voluntary surrender of the mark,
meaning that other companies...
US-based Rohm and Haas says that it now has worldwide approval for
its key preservative Neolone. Simon Pitman reports on an
ingredient that is being billed as a viable option to the often
controversial parabens family.
With increasing evidence that more and more consumers are plucking
for luxury cosmetic brands on both sides of the Atlantic, a recent
report points out that, despite the twinned growth, the each
markets has very distinct characterteristics,...
The growth of the Australian cosmetics and toiletries industry has
dipped for a second year in a row, mirroring growth in the general
economy and the slower retail environment. But with income levels
still high the latest market report...
UK-based international cosmetics and toiletry player Body Shop has
released projected sales figures at its AGM indicating that the
company's recovery is getting into full swing, reports Simon
Pitman.
Kimberly-Clark says it has begun formal testing of Generation 2
Radio Frequency Identification (RFID) hardware for all its consumer
goods operations on a global basis, reports Simon Pitman.
The Australian Tea Tree Industry (ATTI)says it is confident that it
can convince EU authorities over the safety of tea tree oil for use
in cosmetics products. The announcement comes following a European
Commission report asking for...
Brazilian cosmetics and personal care company Beraca Ingredients
has launched a new line of active ingredients sourced primarily
from the Brazilian rainforests and said to be completely natural,
reports Simon Pitman.
The phenomenal boom in the number of Chinese nationals traveling
the world could be key to increasing future revenues for the global
cosmetic travel retail sector, reports Simon Pitman.
Mirroring the extraordinary growth of the organic food market, the
cosmetics market now looks set to undergo a similar revolution,
with the latest report suggesting that the UK and the US markets
are now the most advanced.
CCL Industries, a global packaging and labelling provider, has
completed the sale of its North American CCL Custom Manufacturing
Division to KCP Income Fund for approximately Cdn $273 million. The
move marks the company's move...
Hong Kong-based conglomerate Hutchinson Whampoa has made a £221.9
million offer for the Merchant Retail Group, a UK specialist
perfume retailer. The deal will see AS Watson, Hutchinson Whampoa's
retail division, take on one of...
The latest group of product launches from Mintel's GNPD testify to
the growing range of skin care products relying on natural
ingredients that include minerals and vitamins in the fight to
maintain healthy and wrinkle-free skin,...
A study by Spanish scientists has revealed that hair dyes do not
appear to increase the risk of cancer, contrary to a number of
other medical studies over the past twenty years, reports Simon
Pitman.
French cosmetics giant L'Oréal has signed an agreement to acquire
SkinCeuticals, a cosmeceuticals skin care company based in the US,
a move that will see the business expanded into the international
market, reports Simon Pitman.
Preliminary studies find that a nanotech drug delivery system has
been developed to increase the efficacy of a prescription tanning
agent for fair-skinned people, reports Phil Taylor and Simon
Pitman.
The European Cosmetic Toiletry and Perfumery Association (Colipa)
published its annual financial review of retail sales prices for
the industry, showing that in 2004 overall growth rates continued
to fall in Western Europe, whereas...
With the latest market survey revealing that more than 70 per cent
of Britons do not know what the UV index represents for weather
forecasts, aims to harmonise and simplify the present SPF standard
for sunscreen products are now all...
Schroeder & Tremayne has updated its Crayola children's foaming
hand and soap packaging, two years after it was first introduced.
The new packaging aims to give the product more appeal by making it
interactive, reports Simon...
Swedish direct sales cosmetics company Oriflame has increased its
expenditure on software for its supply chain. The investment
centres on its new business in China, which is due to be
inaugurated at the end of the year, reports Simon...
Tapping into fast-growing sales revenue from its websites, the Body
Shop has made a significant investment in software designed to
increase the efficiency and sales options available for on-line
transactions, reports Simon Pitman.
In line with the growing demand for anti-ageing products, New
Zealand-based company Keratec could be on to a winner with its
newly developed Keratin-based hair care ingredient, reports
Simon Pitman.
The Tokyo Stock Exchange has ordered that Japanese household goods
maker Kanebo be delisted following company executives' attempts to
inflate last year's sales figures, reports Simon Pitman.
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