Nestlé's sweet tooth for skin care seals $1.4 billion deal with Valeant
Swiss food giant Nestlé has extended its investment in skin care by buying the rights to several of Valeant Pharmaceuticals dermatology products for $1.4 billion (€1027).
News & Analysis on Cosmetics Innovation
Swiss food giant Nestlé has extended its investment in skin care by buying the rights to several of Valeant Pharmaceuticals dermatology products for $1.4 billion (€1027).
As the Chinese buyer market prepares to become the new reference point for industry, product safety concerns drive sales of imported brands, and the guarantee of quality is paying the biggest dividends.
Animal Testing Ban
Last year animal tests were removed from the cosmetics standards testing in India, and now a new rule has been published banning the practice from the industry for good.
According to the fragrance specialists, cool mint, the re-appearance of fresh tea notes, and fruity rhubarb are set to influence spring/summer fragrance formulations in 2015.
The business of men’s cosmetic goods grew to more than Rs 3 billion in Nepal in 2013 with fairness creams and face washes with the likes of Emami Fair, Nivea and Garnier dominating the domestic market.