Luxury goods multinational LVMH has seen its travel retail business, DFS Group, maintained growth in the last year, despite having to absorb ‘significant cost containment’, due to a turbulent market in Asia.
Unilever has announced its intention to join the Facebook-led alliance ‘Internet.org’, which seeks to provide web access to India’s rural population, in a move which looks to make the most of reaching the key consumer group.
Color cosmetics maker Revlon has commented on the importance of a sustainable business in China particularly with the economic slowdown at present taking its toll on results and a change of leadership due.
Beiersdorf’s preliminary full year sales show that the consumer division has been steady, boosted by developing markets but let down by European sales, but profits beats expectations on the back of restructuring.
Beiersdorf has announced preliminary full year sales showing a steady increase in group sales, driven by a strong performance in developing markets, but held back by a sluggish performance from the consumer division led by the Nivea brand.