As APAC navigates regulatory variations and ongoing updates across the region, we asked Dr. Jochen Krauss, economist, pricing expert and Managing Partner of Simon-Kucher & Partners the impact that this ambiguity has on innovation for cosmetics and...
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.
As Cosmetics Europe announced that President of L’Oréal France, Loïc Armand, will take the reins as its President for the 2014 -2016 term, CosmeticsDesign-Europe.com was given an exclusive interview with the new boss - and his outlook is very positive.
Cosmetics Design caught up with Daniel Oliveira, of ABIHPEC's business intelligence unit, who explained that there are still big opportunities in the market for cosmetics and personal care, despite signs of the economy slowing down.
Industry veterans like Alain Khaiat, President of Seers Consulting, was amongst engaging presenters at last week's first ever Cosmetics Vision event, where he outlined his strategy for cracking the Asian markets.
According to recent findings from Nielsen, Asia posted the only regional gain in confidence from consumers from the previous quarter, increasing one index point to 105, four points higher than Q4 2012.
The Assam government in north-eastern India has increased VAT on cosmetics from 12.5 to 13.5 per cent, which regional industry experts reckon will trigger a knock on effect in terms of price despite the rise only being that of one per cent.
The economic growth in China slowed slightly from a GDP of 9.2 percent in 2011 to 7.8 percent in 2012, however this has not stunted consumers’ will to tackle beauty concerns and has seen foreign brands experience fast growth.
Next month may see a group of new leaders taking up the government hot seats in Beijing, a change that could affect sales of luxury cosmetics and fragrances which are traditionally given as 'gifts' in the business world.
According to a European Chemical Industry Council (Cefic) report, chemical production in Europe is to come to a standstill in 2012 due to the continent's debt crisis which will no doubt affect the cosmetics industry.
The unstable economic environment, particularly in Europe, has taken its toll on the consumer packaging business, with beauty packaging being one of the worst hit, according to global packaging supplier MWV.
Henkel, the German maker of Schwarzkopf hair products and Right Guard antiperspirant reported third quarter profit that fell short of expectations as raw-material costs rose; however the Cosmetics/ Toiletries business continued its upward curve.
Lonza and Arch Chemicals have announced an agreement in which the Swiss supplier has agreed to commence a tender offer for 100 per cent of Arch’s outstanding shares of common stock, with the personal care sector expected to benefit.
Despite significant growth in the Indian cosmetics and toiletries
market in recent years, per capita cosmetics consumption still
remains the lowest in Asia, according to the Associated Chambers of
Commerce and Industry of India (ASSOCHAM).
Rapidly increasing consumption of cosmetics products helped fuel a
14.2 per cent growth in China's retail sales during the month of
October. The figures confirm the continued rise of cosmetics sales
in the country and the mounting...
The urban Chinese Fast Moving Consumer Goods (FMCG) industry has
out-stripped all the fast-growing Asian economies, including India,
over the past year. And a Closer look at the ACNielsen figures
reveals that growth in cosmetics and...