Business & financial

L’Oreal and Nestle end Inneov venture

L’Oreal and Nestle end Inneov venture

By Andrew MCDOUGALL

Cosmetics manufacturer L’Oreal and food giant Nestle have announced they will end the activity of their joint venture Innéov during the course of the first quarter 2015. 

Clariant achieves Cosmetics GMP for all dedicated sites

Clariant achieves Cosmetics GMP for all dedicated sites

By Andrew MCDOUGALL

Swiss supplier Clariant has completed global ISO22716 and EFfci Cosmetics Good Manufacturing Practice (GMP) certification for all 22 of its dedicated cosmetics ingredients sites, including core-toll manufacturers. 

Sephora accused of racial e-profiling

Sephora accused of racial e-profiling

By Michelle Yeomans

Beauty retail giant Sephora has been accused by four women of Chinese descent of racial profiling. They claim the brand closed down Asian customers’ accounts during a 20% off sale, due to a belief that they would have resold discounted products for a...

Cosmetics industry brushes off talk of slump in China

Cosmetics industry brushes off talk of slump in China

By Michelle Yeomans

While the volume of cosmetics imports dropped heavily compared with the same period last year, international cosmetic giants claim the market is still growing and opportunities are aplenty.  

Japan and US cannot agree in TPP talks

Japan and US cannot agree in TPP talks

By Andrew MCDOUGALL

The Trans-Pacific Partnership (TPP) talks taking place in Canberra do not look any closer to a deal, as Japan and the US fail to make progress.

Avon turnaround on track as company posts Q3 profit

Avon turnaround on track as company posts Q3 profit

By Andrew MCDOUGALL

Avon Products has made progress in its turnaround bid by posting third quarter net income attributable to the company of $91.4 million, versus a loss of $5.5 million a year earlier.

L’Oréal renews logistics contract in Indonesia

L’Oréal renews logistics contract in Indonesia

By Simon Pitman

As part of its business expansion plans in Indonesia L’Oréal says it is about to renew its logistics management contract with global supply chain management company CEVA.

China economy slows but cosmetic sales remain strong

China economy slows but cosmetic sales remain strong

By Simon Pitman

Latest data from the China Bureau of Statistics shows that the country’s economy grew at the slowest pace in five years, but that consumer sales, and specifically those for cosmetics, remain strong.

Cosmetic shipments on the up in China and Hong Kong

Cosmetic shipments on the up in China and Hong Kong

By Michelle Yeomans

According to Customs Service statistics; from January to August of this year, Korea exported the most cosmetics to China - 19,358 tons (US$323 million), knocking Japan off of the top spot.

Cosme Tech 2014 unveils full conference programme

Cosme Tech 2014 unveils full conference programme

By Simon Pitman

The Cosme Tech 2014 event has lifted the lid on its full conference programme for next month’s show, which will include 20 full presentations that will mostly be available in English.

Avon cleared of bribery charges in China

Avon cleared of bribery charges in China

By Andrew MCDOUGALL

Cosmetics maker Avon has been cleared of the bribery charges it faced in China by a New York Judge, in a case that had been ongoing for a number of years.

L’Oréal’s Pune facility hits environmental targets

L’Oréal’s Pune facility hits environmental targets

By Simon Pitman

L’Oréal says that its only production facility in India has hit tough environmental targets the company has self-imposed, reflecting its global ambitions to reduce its environmental footprint.

Mannatech expands into Asia with Singapore operations

Mannatech expands into Asia with Singapore operations

By Simon Pitman

Skin care and nutritional supplements provider Mannatech has opened a new associate business centre in Singapore as part of plants to expands its Australasian business division into the city state.

Russia’s sanctions slowing down cosmetics business

Russia’s sanctions slowing down cosmetics business

By Michelle Yeomans

Global personal care players are reporting the Russian cosmetics market to have slowed down due to sanctions imposed on Russia by western countries as well as the ongoing military conflict in Ukraine.