Li & Fung acquires cosmetic brand owner Lornamead
Hong Kong-based consumer goods group Li & Fung has acquired Lornamead Acquisitions and its subsidiaries for $190 million, securing a significant portfolio of personal care brands.
News & Analysis on Cosmetics Innovation
Hong Kong-based consumer goods group Li & Fung has acquired Lornamead Acquisitions and its subsidiaries for $190 million, securing a significant portfolio of personal care brands.
Green chemistry innovator GreenCentre has licensed Gemini Surfactant Technology to India-based RAN Chemicals as it looks to make the surfactants market more sustainable.
According to a report published by the United Nations Environment Programme, Asia is the largest regional emitter of mercury in the world, and cosmetics are noted amongst other products as contributing.
The number of Indian members of the Roundtable on Sustainable Palm Oil (RSPO) has increased over five times in the last year thanks to greater interest in sustainable palm oil for consumer products, including cosmetics.