In this round-up of financial results, M&As and funding drives in the cosmetics industry, we highlight news of Kao’s travel retail expansion, Liht Organic’s royal partnership, MyGlamm’s Series C funding and more.
Japanese cosmetic giant Shiseido Company has announced the decision to sell its low-cost personal care business to CVC Capital Partners in a deal worth 160 billion yen ($1.5bn) in order to focus on its more high-end cosmetic brands.
UK-based Body Shop has upped its expectations for the coming
financial year on the back of full-year results revealing a trading
come-back. Growth had come on a global basis thanks to a successful
investment programme to enhance the...