Cosmetics

French cosmetics giant L'Oréal has managed to create a small turnover growth of 1.8 % in 2014, while its net profit grew spectacularly - helped by the sale of the Galderma laboratories to Nestlé.

Japanese cosmetics firm Shisheido has announced a 3.8 % turnover growth in its first three quarters of the current fiscal year. In the April-December period, the company managed a 555.8 billion yen (4.2 billion euro) turnover.

German Henkel, which owns brands like Fa, Persil and Pritt, has appointed Ivan de Jonghe as its new Benelux president. He will also become the Beauty Care retail division's general manager in lieu of Eric Dumez, who will move to Henkel's main office in Düsseldorf where he will become the vice president of human resources beauty care.

Medi-Market has opened its first (para)pharmaceutical supermarket, with some 7,000 healthcare, cosmetics and skincare products in the Belgian city Charleroi.

American luxury cosmetics brand Forever Flawless has opened its second Belgian store, in Antwerp. Ladies visit the shop to try out new things, but also go to a VIP room for beauty treatments.

German Beiersdorf's shares have been given a tremendous boost after Nivea's German parent company had revealed that it will probably reach its 2014 forecast. 

French luxury group Chanel will sell its cosmetics brand Bourjois to perfume manufacturer Coty in return for 4.2 % of the American company's shares. In total, Chanel will get 15 million shares, which means Bourjois is valued at 190 million euro.