Whilst many countries worldwide are working to tackle the climate crisis, actions are not keeping pace with real-world risks and impacts on planet and people, largely due to huge funding gaps, according to the United Nations Environment Programme (UNEP).
L’Occitane International has reported that Asia Pacific grew by 1.9% at constant rates in the first half (H1), led by Hong Kong, Australia, and Malaysia, helping to offset the second consecutive quarter of double-digit declines for China.
Supply chain shortages and cost surges related to the COVID-19 and Ukraine crises are making it difficult for beauty companies to maintain sustainable business models, but many continue to push ahead, says the founder of Ecovia Intelligence.
French-headquartered venture capital firm Seventure Partners plans to unlock a third wave of microbiome innovation funds next year, aiming to invest €300 million in more than 20 cutting-edge companies, its CEO says.
International beauty major L’Oréal has reported a worldwide surge in sales for the third quarter (Q3) of 2022, capturing growth across all divisions but especially active cosmetics, despite inflationary pressures in many countries.
Skin care brand Meeth is furthering its global ambitions by making entry into Spain, where it believes it can excite beauty consumers with its novel Japanese products.
Unilever-owned Dove has unveiled a global campaign designed to drive diversity in virtual beauty, collaborating with game developers and a gaming charity to catalyse change and improve female representation in the gaming world.
Personal care giant Procter & Gamble (P&G) has reported a small rise in net sales and a dip in net profit for the first quarter of fiscal 2023, forecasting a continued difficult cost and operating environment, particularly in Europe, for the rest...
Personal care major Johnson & Johnson (J&J) has reported a rise in third quarter (Q3) sales and a surge in net profit, bolstered by strong growth in pharma and med tech but also solid results across its global consumer health business.
The French Federation for Beauty Companies (FEBEA) has signed the country’s EcoWatt Charter, pledging alongside hundreds of other corporations to further reduce electricity use during the ongoing energy crisis.
Beauty retail major Sephora is set to absorb prestige beauty e-commerce player Feelunique’s domain this week, kickstarting the start of its wider UK market re-entry plans.
The beauty and personal care industry must today respond to converging global crises and ensure ethical integrity in every part of the value chain to protect the future of the planet, people and business, says British environmentalist Sir Jonathon Porritt.
The addition of a high-end homegrown C-beauty brand with a Gen Z following to its portfolio is precisely what L’Oréal needs to stay at the top of its game in the Asian market, says a leading market expert.
Luxury French skin care brand Biologique Recherche believes the Thai market is ready for its haute couture personalised skin care services and will use it as a springboard to further expand in South East Asia.
International beauty major The Estée Lauder Companies and French luxury fashion house Balmain have entered into a license agreement to collaboratively develop and launch an inclusive prestige beauty line next year.
L’Oréal announced the acquisition of physician-dispensed brand Skinbetter Science, which will become part of the multinational’s Active Cosmetics Division.
Beauty businesses must focus on pushing creativity and building communities on Instagram to spur engagement and drive growth, according to executives of the platform.
Spanish luxury beauty and perfume major Puig has announced the acquisition of Kama Ayurveda – a move set to strengthen its Indian footprint and drive presence in the Western wellbeing market, an expert says.
Beauty brands and associations have expressed widespread sympathies following the death of Queen Elizabeth II, paying tributes to her decades of public service.
British circular beauty brand UpCircle recently raised close to half a million euros in crowdfunding that it will use for US production expansion, global product development and pushing ahead with its wider mission to make green and natural cosmetics...
Japanese cosmetics company Kosé Corporation intends to strengthen its line-up of make-up in the high-prestige beauty segment to capitalise on the post-pandemic make-up recovery.
Indian cosmetics e-commerce company Nykaa is making “baby steps” onto the international stage by pushing its portfolio of beauty brands into markets including Mauritius, United Arab Emirates, US.
The UK’s second-biggest health and beauty retailer Superdrug is defying the cost-of-living crisis and upping its game in premium beauty brands as it broadens its offer beyond its lower price point core.
Hainan Island’s reputation as the “go-to beauty destination” makes it the ideal place to introduce Takami, the newest “jewel” in L’Oréal’s high-end skin care portfolio, claims the firm.
Retail major Walgreens Boots Alliance is expanding its partnership with app-based delivery firm Deliveroo in the UK following a successful pilot scheme last year.
Irish indie brand Spotlight Oral Care is continuing to expand across Europe and the US and wants to focus future new product development on bridging the oral health and beauty gap.
German personal care major Beiersdorf has plans to expand La Prairie’s offline presence in China with 10 more touchpoints as the brand rebounds strongly in the pandemic-plagued market.
The CEO of Japanese consumer goods company Kao Corporation has underlined the immediate need to revitalise its declining hair care business amid stiff competition in the mass market sector.
Indie brand Solidu wants to deepen its retail presence across Europe and the US, but also innovate further into solid face care – a space its founder says still holds plenty of promise.
Retailer A.S. Watson has cautioned that consumer sentiment in China will take time to fully recover, despite an uptick in footfall following a turbulent few months due to COVID-19 restrictions.
Japanese beauty major Shiseido is planning to invest JPY10bn (USD75.5m) in both brand equity and its employees as part of plans to go on the offensive and buck the declining trend of the market.
The British beauty sector will parade its status as an economic powerhouse and potent transformer of lives at next month’s British Beauty Week, as the industry and world slowly moves past the COVID-19 pandemic once and for all.
French beauty giant L’Oréal will not be stamping out Maybelline’s physical presence in China and migrating online completely, despite the strength of e-commerce and plans to close 14 standalone stores, its CEO has confirmed.
International skin care major Beiersdorf has reported a net profit surge for the first half (H1) of 2022, with its flagship Nivea brand performing especially well worldwide and great successes reported in sun care and Latin America for the broader business.
French beauty exports will continue to surge in 2022, with China and the US set to remain important business markets for makeup and perfumes in particular, according to the French Federation for Beauty Companies (FEBEA).
Leaders at Unilever, Procter & Gamble and Colgate-Palmolive are predicting a tough six months ahead, with cost inflation anticipated to peak and foreign exchange challenges to continue.
Personal care giant Colgate-Palmolive has reported a net sales rise for the first half (H1) of 2022, with business especially strong in Latin America despite ongoing headwinds worldwide.
Personal care giant Procter & Gamble (P&G) has reported a net profit rise for the full fiscal year 2022, though beauty and grooming dipped in the fourth quarter and challenges remain ahead, according to its CEO.
Colgate, Lifebuoy, Dove and Sunsilk are the most chosen beauty and personal care brands in the world, but L’Oréal Paris is the ‘biggest online adopter’, according to Kantar Worldpanel’s 2022 Brand Footprint.
International beauty major L’Oréal has reported strong sales growth for the first half (H1) of 2022, with much of business returning to or exceeding pre-pandemic levels and net profit surging.
Hong Kong-listed L’Occitane’s business in China dropped by double digits due to COVID-19 troubles, hindering the performance of the Asia Pacific region in the three months ending June 30.
Personal care major Johnson & Johnson (J&J) has reported a rise in first half (H1) sales for 2022 despite a dip in pre-adjusted profits and consumer health sales hit by COVID-19, input costs and supply issues.
Consumer goods major Unilever has reported net sales growth for the first half (H1) of 2022, despite continued high inflation and slower global growth that will continue well into the second half of the year, according to its CEO.
India-based cosmetics conglomerate The Good Glamm Group is set to make its first foray internationally into the Middle East in August, and has plans to tackle the South East Asian market next year.
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![French beauty exports to China continue to be especially important, with lipstick still the number-one exported product to this country [Getty Images]](https://www.cosmeticsdesign-europe.com/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-europe.com/headlines/business-financial/french-beauty-exports-up-19-in-h1-2022-and-set-to-hit-20bn-for-full-year-with-china-and-us-important/15668472-1-eng-GB/French-beauty-exports-up-19-in-H1-2022-and-set-to-hit-20bn-for-full-year-with-China-and-US-important.jpg)
![Despite a fairly solid rebound for most of the beauty and personal care category mid-2022, the challenges ahead remain severe and require smart business planning [Getty Images]](https://www.cosmeticsdesign-europe.com/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-europe.com/headlines/business-financial/unilever-procter-gamble-and-colgate-palmolive-talk-inflation-and-currency-woes/15657597-1-eng-GB/Unilever-Procter-Gamble-and-Colgate-Palmolive-talk-inflation-and-currency-woes.jpg)
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![L'Occitane’s business in China dropped by double digits due to COVID-19 troubles. [L'Occitane]](https://www.cosmeticsdesign-europe.com/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/cosmetics/cosmeticsdesign-asia.com/headlines/business-financial/l-occitane-q1-double-digit-decline-in-china-hinders-group-s-apac-performance/15642588-1-eng-GB/L-Occitane-Q1-Double-digit-decline-in-China-hinders-group-s-APAC-performance.jpg)
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