Business & financial

Nu Skin first quarter results show huge gains worldwide

Nu Skin first quarter results show huge gains worldwide

By Simon Pitman

Direct sales skin care specialist Nu Skin has posted big first quarter revenue gains as the company’s anti-aging range, ageLOC, continues to take off worldwide and sales in Greater China boom.

More European brands look to expand on the Indian markets

More European brands look to expand on the Indian markets

By Michelle Yeomans

European brands, in particular Italian cosmetics players are tapping into the Indian markets of late and Officiana Farmaceutica Italiana (OFI) is the most recent brand awaiting a nod from the Foreign Investment Promotion Board (FIPB) to expand its business...

Oriflame ups its investment in India

Oriflame ups its investment in India

By Andrew MCDOUGALL

Swedish cosmetics maker Oriflame has increased its focus on Asia and India in particular, with plans to launch 200 new products in the region following its acquisition of a manufacturing facility in Uttarakhand.

F&F focus for BASF and PCG in Asia-Pacific with ingredients investment

F&F focus for BASF and PCG in Asia-Pacific with ingredients investment

By Andrew MCDOUGALL

Chemical players BASF and Petronas have reaffirmed their commitment to Asia-Pacific with further investment in their aroma ingredients project which will look to meet the growing demand of local personal care firms, as well as in the home, pharmaceutical...

FDA cancels J&J's cosmetics licence at Mumbai plant

FDA cancels J&J's cosmetics licence at Mumbai plant

By Michelle Yeomans

Johnson & Johnson's licence to manufacture cosmetics at its facility in Mulund, a Mumbai suburb, has been cancelled by Maharashtra’s Food & Drug Administration, following complaints of carcinogenic substances residue in its talcum powder.

Avon director resigns after just four months

Avon director resigns after just four months

By Simon Pitman

Avon Products has confirmed that its non-executive chairman, Fred Hassan, has resigned from the board of directors, while announcing his replacement with immediate effect.

Yonwoo continues its success in Asia and looks to new markets

Yonwoo continues its success in Asia and looks to new markets

By Michelle Yeomans

The South Korean cosmetics packaging maker is continuing to bode well on the Asian markets, growing from $20 million in sales in 2002 to $150 million ten years on, a run it attributes to its key strategy of financially committing to innovation.  

Lucas Meyer acquires Australian botanicals firm

Lucas Meyer acquires Australian botanicals firm

By Andrew MCDOUGALL

Aussie ingredients supplier Southern Cross Botanicals has been acquired by Lucas Meyer as the Unipex subsidiary looks to take advantage of the rich biodiversity in Australia and boost its portfolio.

Potential green tax could impose 30 percent levy on cosmetics

Potential green tax could impose 30 percent levy on cosmetics

By Michelle Yeomans

Chinese officials are said to be considering levying a consumption tax on certain consumer products that make heavy use of resources and cause pollution, with cosmetics indicated as potentially being levied anywhere up to 30 percent.

Global pigment provider opens new plant in China to meet demand

Global pigment provider opens new plant in China to meet demand

By Michelle Yeomans

The Hong Kong-based manufacturer of iron oxide and chrome oxide pigments, Cathay Industries, has invested, together with Tonghua Group, in a state-of-the-art production plant for yellow, red and black iron oxide pigments in an effort to expand and meet...

J&J acquires China rival after months of speculation

J&J acquires China rival after months of speculation

By Michelle Yeomans

The Chinese arm of the cosmetics giant has finally completed the acquisition of local personal care rival Shanghai Elsker to consolidate its position in the baby care sector in China.

Dabur sees double-digit gains despite tough economy

Dabur sees double-digit gains despite tough economy

By Andrew MCDOUGALL

Despite a challenging macro-economic environment, Dabur India reported strong volume-driven growth across all its key categories; with skin and hair care both contributing to the double digit growth.

Hair’s to a good year for Unilever

Hair’s to a good year for Unilever

By Andrew MCDOUGALL

Thanks to a strong fourth quarter in the hair care segment, Unilever signed off a good year of growth in Personal Care, as well as its other consumer categories, with the announcement of its full year results.

Li & Fung acquires cosmetic brand owner Lornamead

Li & Fung acquires cosmetic brand owner Lornamead

By Simon Pitman

Hong Kong-based consumer goods group Li & Fung has acquired Lornamead Acquisitions and its subsidiaries for $190 million, securing a significant portfolio of personal care brands.

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