L’Oréal has secured strong third-quarter earnings across its global business, driven largely by dynamic growth in its Luxe and Active divisions and business has accelerated across Eastern Europe.
L'Oréal first quarter sales dropped 2.2% as demand for mass market products and brands such as Garnier and Maybelline slows, but company CEO Jean-Paul Agon is confident that the French firm will bounce back as quickly as next quarter.
The world’s biggest cosmetics company, L’Oreal, has recorded continued growth at well above market average rates for its second quarter and first half financial results, although southern European revenues decline.
The demand for surfactants from beauty and personal care will see sector outperform total ingredients in the segment between 2011 and 2016, according to a market forecast.
L’Oréal CEO Jean-Paul Agon has stated that he does not expect any change in the next twelve months for the global cosmetics market after the French firm posted its third-quarter sales in which growth has slowed.
L’Oreal CEO Jean-Paul Agon says the company will maintain the strong position of its cash balance in readiness for interesting acquisition possibilities.
Personal care label provider Multi-Color is investing in the Central and Eastern region by entering into a share purchase agreement that will see it acquire the Poland-based Consumer Products and Spirit Label Company.
Beiersdorf reported solid group sales growth, driven by big gains for its industrial adhesives unit, Tesa, and more modest increases in its consumer products division.
Unilever has announced its plans to invest a further Ft 2 bn
(€7.7m) into its cosmetics and household chemicals plant in
Northeast Hungary in order to boost production in the area.
Personal care giant Kimberly-Clark has announced plans to build a
100-acre manufacturing facility in Russia in an attempt to
accelerate growth in the emerging markets.
L'Oreal has met its targets for 2006 after reporting a strong
fourth quarter results, driven by renewed vigour in the Western
European markets and a continued strong performance in new markets
such as Russia and China.
Avon Products has announced a significant drop in its profits as
restructuring charges hit the bottom line and the company's
performance in most markets, including the US, came in below
expectations.
Sweden-based direct sales player Oriflame says it will continue to
focus its plans for sustained growth on Eastern Europe and
Mediterranean regions, following the publication of its 2005
financial report.
World leading cosmetics companies have rediscovered "the rest of
the world" - everywhere outside Western Europe, North America
and Japan - as one of the strongest forces driving sales growth.
With increasing incomes, the...
Aggressive expansion of its direct sales network into various
emerging markets has put Swedish cosmetic group Oriflame on route
for its sixth consecutive year of sales growth, writes Sibonelo
Radebe.
German maker of Schwarzkopf hair care products Henkel recently cut
its sales growth target by nearly half to 2 per cent, blaming a
sluggish market, both at home and in other European countries.
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