Business & financial

Oriflame warehouse fire will affect service in 2014

Oriflame warehouse fire will affect service in 2014

By Chris BARKER

A fire which destroyed one of Oriflame’s main warehouses in the vicinity of New Delhi is likely to have an effect on service levels in India in 2013 and the first quarter of 2014, according to the company.

AmorePacific reports sales increase, profit slump

AmorePacific reports sales increase, profit slump

By Chris BARKER

South Korean cosmetics company AmorePacific has reported a decrease in Q3 profits as a result of poor overseas markets and investment and marketing activities for new products.

Unilever recognises cosmetics potential with €150m investment

Unilever recognises cosmetics potential with €150m investment

By Andrew MCDOUGALL

Unilever has highlighted its focus on Personal Care expansion by announcing an investment of over €150 million in a new manufacturing plant in Konya, Turkey, to increase its capacity for sustainable growth in the market.

LVMH targets Asia for premium cosmetics expansion

LVMH targets Asia for premium cosmetics expansion

By Michelle Yeomans

At LVMH’s newest cosmetology center in Orleans this week, the company’s MD revealed its’ plans to expand in the 77-billion-euro a year ($104 billion) global premium cosmetics market on the Asia Pacific region.

Prada files fragrance lawsuit

Prada sues for trademark infringement

By Michelle Yeomans

The luxury house has filed suit against a Brooklyn-based knock off scents manufacturer as it believes it has violated the copyright of its' ‘Prada Candy’ fragrance.

Estée Lauder chief expects holiday hike in sales

Estée Lauder chief expects holiday hike in sales

By Andrew MCDOUGALL

Estée Lauder CEO and president Fabrizio Freda believes that despite a recent slowdown in department store sales for mainstream brands such as Clinique, the market will pick up again as the holiday season approaches.

Shiseido targets Middle East with joint venture

Shiseido targets Middle East with joint venture

By Andrew MCDOUGALL

Japanese cosmo-giant Shiseido is planning to expand its coverage in Middle East countries by forming a joint venture by the end of the year that will be based in Dubai.

Evonik ventures into Shanghai

Evonik ventures into Shanghai

By Michelle Yeomans

Evonik Industries has opened a new production facility in China that it says will focus specifically on organic specialty surfactants in a bid to further expand business sustainably on the region.

Nu Skin makes further investment as Operation China ramps up

Nu Skin makes further investment as Operation China ramps up

By Andrew MCDOUGALL

Having announced plans to invest more in China and with sales booming in the region, as per its financial results released earlier in the month, Nu Skin will now look to finish the building of its Innovation Park in Shanghai.

L’Oréal announces latest sustainability plan

L’Oréal announces latest sustainability plan

By Andrew MCDOUGALL

L’Oréal announces it has made a commitment to transform its sustainability footprint by 2020 whilst at the same time, looking to achieve its business ambitions and reach a billion new consumers.

Oriflame further invests in stem cell technology field

Oriflame further invests in stem cell technology field

By Michelle Yeomans

The Sweden-based cosmetic company has invested in a new plant that will solely focus on the cultivation of plant stem cell cultures as it further aims to develop stronger anti-ageing ingredients that can boost and rejuvenate the skin.

Nu Skin ready to make $200m investment in China

Nu Skin ready to make $200m investment in China

By Simon Pitman

Nu Skin is looking to further grow its already extensive footprint in the China market by making a $200m investment in its manufacturing and logistical operations there.

Sephora in the Indian markets

Sephora 'in talks' with new franchise partner in India

By Michelle Yeomans

Cosmetics retailer Sephora is said to be in the process of finding a new franchiser for the Indian markets as a result of on-going 'spats' between its owner LVMH and current partner, Genesis Colors.

Amway consolidates China as its no.1 market

Amway consolidates China as its no.1 market

By Michelle Yeomans

When direct sales player Amway made efforts to expand beyond its US markets back in 1995 to crack China, it appears to have been a bold move that has more than paid off, as almost 20 years on, the country provides 90% of its business.

Croda acquires Sipo to boost emerging market expansion

Croda acquires Sipo to boost emerging market expansion

By Andrew MCDOUGALL

Ingredients player Croda has received regulatory approval from Chinese authorities to acquire a majority stake in Sichuan Sipo Chemical, as it looks to boost its presence in Asia and other emerging markets.

Colep and One Asia Network announce manufacturing agreement

Colep and One Asia Network announce manufacturing agreement

Colep and the One Asia Network have announced a Manufacturing and Technology Agreement, which will cover the whole of their respective organisations and thereby give supply coverage from Australia, Japan, China, Thailand, India, Poland, Germany, Spain,...

Kanebo's 'slow' product recall: blame Kao

Kanebo's 'slow' product recall: blame Kao

By Chris BARKER

The Japanese company has been accused of not responding fast enough to skin whitening complaints, however Cosmetics Design spoke to reps that reveal its parent company Kao had to give them the nod first.    

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