Unilever has acquired American start-up Dollar Shave Club, which has a subscription-based business model for shaving and toilet products. No fee was disclosed, but sources indicate it may be some 900 million euro.
The Spanish Bureau of Competition has ruled that Belgian diaper manufacturer Ontex has to pay a 5.15 million euro fine for several breaches of the Spanish and European competition laws. Ontex will appeal the decision.
Henkel's first quarter profit and turnover both grew. The German manufacturer - which owns Persil, Schwarzkopf shampoo and Pattex glue among other things - took full advantage of the growing demand in several emerging markets.
Turnover for German group Beiersdorf, parent company for Nivea among other brands, has dropped nearly 2 % in the first quarter. The company points to exchange rate fluctuations, which had a sizeable negative effect.
Cosmetics firm L’Oréal and online video platform YouTube plan to create cosmetics-focused content together. For the French company, this is a way to compete with the independent vloggers that currently dominate the market.
French fashion brand Chanel now also sells its beauty products online in Belgium and the Netherlands, through its own web shop. Free shipping is included for orders surpassing 100 euro and a 10 euro fee will be charged for orders below that sum.
Diaper manufacturer Ontex managed a higher turnover and profit in 2015, despite "extremely competitive markets". Its non-Western European markets now contribute more than a third of its total turnover.