Speaking at the annual shareholders meeting, Estee Lauder CFO Fabrizio Fread says the company wants to grow its business by focusing on the Asian skin care market.
Flavours and fragrance giant Symrise has reported very strong sales growth in the first nine months of the year, driven by outstanding gains in emerging markets.
Ingredients player United Guardian has released financial results for the first nine months of the year that reveal personal care is the driving force behind its strong growth.
Beiersdorf reported solid group sales growth, driven by big gains for its industrial adhesives unit, Tesa, and more modest increases in its consumer products division.
Avon Products is selling its 74.7 percent stake in Avon Japan to affiliate TPG Capital as part of aims to focus the business on high value direct sales.
Unilever has announced a big rise in both net profit and turnover for the third quarter on the back of big gains from emerging markets and a solid performance from personal care.
Silicones specialist Dow Corning has reported above market average sales growth for its third quarter, but profits slide on the back of lower tax benefits.
Utah-based Nu Skin has announced a 15 percent increase in its fourth quarter sales, driven by the international roll out of its ageLOC anti-aging platform.
Avon Products reported above market average sales growth for the third quarter, a result that was driven by strong growth in new markets that helped to offset falling North American sales.
Shiseido says it will start selling its cosmetic brands in Colombia as part of plans first implemented at the beginning of this year to increase its global footprint.
All four of L’Oreal divisions have recorded strong growth in the first nine months of financial year 2010, reaffirming the strength of the company’s recovery.
During Procter & Gamble’s annual meeting, CEO Bob McDonald says his company’s growth plan is on track to achieve its target of five billion consumers in five years.
Restocking and the resulting rebound in fine fragrance sales helped fragrance and flavour manufacturer Firmenich record double digit sales growth for the year.
Germany-based flavour and fragrance provider Symrise has announced its first ever bond issue as a means of refinancing debt to increase cash flow and profitability.
PZ Cussons has announced the acquisition of sunless tanning brand St Tropez from the UK private equity group LDC, for £62.5m (€72.8m), in a push to enhance its ‘masstige’ brands.
The recession has served to emphasize both Procter & Gamble’s and Colgate-Palmolive’s ambitions to target emerging markets for future growth, latest financial reports find.
Symrise has seen its flavour and fragrance orders rebound to pre-economic crisis levels and has expanded its business with some key customers in the first half of this year.
The personal care division of the Anglo-Dutch consumer goods company Unilever experienced the strongest growth of all divisions for the second quarter, seeing sales surpass all other business segments.
BASF has reported a big leap in both earnings and sales for the second quarter, although the results compare to a much weaker performance last year and the outlook is more subdued.
Revlon second quarter profits rose significantly as restructuring costs ease, but US sales continue to fall, counterbalancing stronger international results.
Switzerland-based specialty chemicals players Clariant has announced a big jump in 2Q sales, boosted by the strength of the US dollar against European currencies and weaker 2009 comparisons.
Naturex’s has indicated that the first six months of 2010 have brought strong revenue-growth as it set about integrating the ingredients division recently acquired from Natraceutical, but all its business arms contributed to the fine results.
As the US dollar continues to gain in strength against many international currencies, macroeconomic forces could jeopardise the performance of US-based Estee Lauder.
PZ Cussons has reported a rise in annual profits while adverse currency impacts and a lack of liquidity in Nigeria led to a slight drop in reported revenues.
Strong Burberry fragrance sales have helped Inter Parfums deliver record second quarter net sales of approximately $107.8m (€83.5m), an increase of 21.6 percent on the prior year period.
Tupperware has announced a mixed bag for its Q2 financial results, as North American beauty sales dips, but sales in developing markets help to counterbalance results.
The latest results from L’Oreal underline a strong recovery but could also point to difficult comparables and further hardships in Western Europe, analysts believe.
L’Oreal has proved it is well and truly on the road to recovery after posting double digit second quarter growth on the back of a particularly strong performance in developing markets.
China has recently overtaken the US as the second largest market for luxury goods and growth is not expected to slow, making it a crucial target for high-end cosmetic players.
Procter & Gamble will be increasing the number of brands and products it offers in emerging markets in order to make the most of the growth potential they hold.
Growth in all its geographical markets excluding the US helped France-based natural cosmetics company L’Occitane deliver a profit above original estimates.
Continuing a tradition of family leadership across its portfolio of brands, Estée Lauder has promoted Jane Lauder to the position of global president, general manager of Origins and Ojon.
Brenntag is to acquire Asian chemicals distributor EAC Industrial Ingredients for €160m cash in a move that will significantly expand its presence in the Asia food, cosmetics and pharmaceutical sectors.
High-end mass market cosmetics brands such as Olay from P&G and prestige brands such as Estée Lauder are likely to outperform lower-end brands such as Avon in China, according to a new report from Bernstein Research.
A ‘buoyant’ performance in Hong Kong and Macau and strong online sales helped Hong Kong-based cosmetics retailer Sa Sa deliver a 2009 annual turnover of HK$4.1bn (€430m), up 13.9 per cent on the previous year.
Rigid plastic packaging supplier RPC has warned that significant increases in polymer prices will be passed on to its food and personal care customers.