UK-Singapore headquartered biotech startup Sequential Skin has secured more funding in its latest seed round that it plans to use for global expansion of its at-home skin diagnostics patch, in both a B2B and D2C capacity, its CEO says.
HENKEL, L’OREAL, LVMH, NATURA &CO AND UNILEVER EXECUTIVES WEIGH IN
Executives from Henkel, L’Oréal, LVMH, Natura &Co and Unilever say co-developing an industry-wide environmental impact assessment system is critical for the sustainable future of cosmetics.
The LVMH Group has acquired French fragrance and cosmetics company Officine Universelle Buly 1803, citing the strong philosophy match would see global growth flourish.
A partnership between the UK’s Eagle Genomics and the Earlham Institute aims to generate deeper microbiome-based insights with the development of new microbiome multi-omics datasets and tools
Special Edition: CIRCULAR BEAUTY – SUSTAINABLE SOURCING, GREEN CHEMISTRY AND ECO-DESIGN
L’Oréal’s Garnier brand is working with branded content studio National Geographic CreativeWorks on a worldwide educational campaign designed to empower beauty consumers to live greener.
Natura &Co says its partnership with Dutch eco video streaming platform WaterBear will help emphasise the seriousness of the climate crisis and shift perceptions around traditional communities to spotlight them as biodiversity guardians.
International personal care major Procter & Gamble (P&G) has published a climate transition plan outlining its ambition to be net zero on greenhouse gas (GHG) emissions by 2040 and signed up to Amazon co-founded The Climate Pledge.
Henkel, L’Oréal, LVMH, Natura &Co and Unilever are forming a global beauty consortium to co-develop an industry-wide environmental impact assessment and scoring system for cosmetics.
Skin care and lifestyle brand Athletia is set to make its international debut this October in the UK, where it hopes to orchestrate future European expansion plans within the next three years.
Health and wellness retailer Holland & Barrett has stopped selling single-use beauty sheet masks across all UK stores and online and hinted at a future free of any single-use beauty item – a movement it says other retailers should follow.
Swiss luxury skincare brand La Prairie has launched its first standalone flagship store in South East Asia, which it believes will help the brand to meet the increasing demand for a more personalised experience for its high-end clientele.
Japanese beauty group Shiseido’s decision to sell off three more brands in bid to focus on high-end skin care as its core category is a ‘no-brainer’, with beauty experts saying it is a smart decision to strengthen the company’s position in uncertain times.
Estée Lauder Companies CEO has remarked on the strength of China’s beauty market, and said he was expecting it to grow by double-digits next year on the back of the acceleration of its online business.
Retail major Walgreens Boots Alliance has partnered with app-based food delivery firm Deliveroo in the UK for a pilot scheme offering home deliveries of 400+ health and beauty items in select regions.
Canadian firm Yooma Wellness has acquired UK cannabidiol specialist Vitality CBD in a deal set to deepen presence in Europe and beauty – a segment brimming with growth potential, its CEO says.
Reed Exhibitions has again postponed its in-cosmetics trade show series due to the ongoing COVID-19 crisis, citing a lack of confidence amongst the beauty industry to travel and attend large-scale international events.
The British Beauty Council has launched its Sustainable Beauty Coalition to spearhead fast and effective change in response to the ongoing climate crisis, and it is calling on industry to join.
In this round-up of financial results, M&As and funding drives in the cosmetics industry, we highlight the half-year results of LG Household & Healthcare, Amorepacific, Pola Orbis and more.
Hong Kong-listed L’Occitane saw a resurgence in brick-and-mortar retail channels with sales growing 67.6% in the first quarter of its 2022 fiscal year, with online channels dipping by 15%.However, the firm’s online sales still accounted for more than...
International skin care major Beiersdorf is on track to transform its global production network to climate-neutral by 2030 and has reported a strong sales run for the first half (H1) of 2021 that is set to continue.
South Korea-based start-up Picky Inc has recently joined Beiersdorf’s Nivea Accelerator programme, which it hopes will help it to expand its global presence and make a “greater impact” on the skin care industry.
UK e-commerce major The Hut Group has acquired premium British online retailer Cult Beauty in a deal that forms part of an incredible digital surge in beauty and healthcare for the group, says the retail research head at Mintel.
Personal care giant Colgate-Palmolive has reported a net sales rise for the second quarter (Q2) of fiscal 2021, with a particularly strong performance in Europe, Africa and Eurasia.
Beauty major Natura &Co has partnered with Dutch eco video streaming platform WaterBear to launch a dedicated channel showcasing its environmental and social ambitions worldwide.
Japanese cosmetics company Pola Orbis Holdings has rebounded on the back of high-end flagship POLA, which posted remarkable operating profit growth of 129.2% in the first half of FY2021.
Personal care giant Procter & Gamble (P&G) has reported a net sales rise for its fourth quarter (Q4) and full fiscal year of 2021, also unveiling a CEO and COO change designed to continue future growth in years to come.
The demand for luxury beauty brands such as Sulwhasoo has helped to drive cosmetic firm Amorepacific’s recovery domestically and in overseas markets including China and Europe.
International beauty major L’Oréal has reported a strong rise in sales and net profit for the first half (H1) of 2021, with e-commerce and North America performing particularly well during Q2.
German personal care multinational Beiersdorf believes China’s domestic beauty scene has global export potential, leading it to expand its NIVEA Accelerator program to help develop innovative beauty tech start-ups.
Beauty giant L’Oréal has observed that consumers that join its brand loyalty programme on e-commerce platform Shopee have spent 2.4 times more than non-members.
Beauty retail major Sephora has confirmed its acquisition of prestige beauty e-commerce player Feelunique, with the deal expected to close between March and July next year.
Personal care major Johnson & Johnson (J&J) has reported a significant surge in net earnings for the second quarter (Q2) of 2021, largely propelled by its medical device and pharma divisions, but consumer health also returned to growth.
Personal care major Unilever has reported a net sales rise for its second quarter (Q2) of 2021, with Europe growth rebounding and prestige beauty seeing continued success.
This month, the social sales beauty company participated in the Generation Equality Forum in Paris, France, and issued a position paper on the European Commission’s Gender Equality Strategy.
In this round-up of financial results, M&As and funding drives in the cosmetics industry, we highlight L’Occitane’s full-year results, Unilever’s acquisition of Paula’s Choice and more.
Online sustainable cosmetics educational platform Re-Sources wants to close the knowledge gap between beauty formulators, packaging technologists and marketing to streamline green product development.
With just one day between the announcement and the pitch application deadline (July 15, 2021), the beauty maker has formally signed on to present at the 2-day tech conference and to support the beauty (tech) pitch competition for VC funding.
Kao is investing $136m on its digital transformation to enhance the competitiveness of its cosmetics division, which has experienced a sales slump during the pandemic.
Singapore-headquartered luxury fragrance house Maison 21G is rapidly expanding its international footprint in markets in Asia and the Middle East, and has its sights set on entering China in 2022.
The US duo who sold a premium men’s grooming brand to Procter & Gamble are now targeting APAC markets with its latest venture – transparency focused skin care brand called Ingredients.
Sephora’s partnership with e-commerce fashion major Zalando will capitalise on the online momentum built up by the German player over the past 18 months and may inspire other cross-sector collaborations, but is there a risk it could compromise the beauty...
Hong Kong-listed L’Occitane International has credited the growth of its online sales in part to its successful social selling initiatives in markets including South Korea, Europe and the US.
This month, the Brazil-based multinational beauty maker shared an update on its Commitment to Life, a corporate social responsibility initiative focused on “some of the world’s most pressing issues” first announced in June 2020.
In this round-up of financial results, M&As and funding drives in the cosmetics industry, we highlight the first-quarter results from Shiseido, Kao Corp, L’Occitane and more.
Personal care major Unilever will acquire US-headquartered direct-to-consumer (D2C) premium skin care brand Paula’s Choice, bringing it under its growing prestige portfolio.
The University of Manchester’s biotech spin-out Holiferm is ready to scale-up production of its biosurfactants made from virgin rapeseed oil and glucose – an alternative that holds huge potential in cosmetics and personal care, its MD says.