Beiersdorf CEO Stefan De Loecker has announced a major investment programme for the group's top brands. His intention is to counter the rise of niche brands.
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Henkel has had a bad financial year: the German company's turnover went down 0.6 % at 19.9 billion euros due to negative exchange rate effects), while net profits went down by 8.3 % to 2.33 billion euros.
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In terms of growth, 2018 was the best year cosmetics brand L'Oréal has had in a decade. The success is mainly due to the Asian market and the so-called 'lipstick effect'. 2019 looks promising as well.
CEO Hans Van Bylen is increasing Henkel's investment budget by 300 million euros per year to boost the growth rate. Digital transformation is at the top of the to-do list.
Kimberly-Clark has decided not to sell its European division after all. The offer they received for the branch which includes the popular toilet paper brand Scottex was considerably lower than the expected one billion euros.
Ecover, a Belgian producer of ecological cleaning products, is opening a store in Antwerp where customers will receive cash in return for empty plastic bottles. The company wants to revive the discussion about deposits on such bottles.
Belgian perfumery chains Di and Planet Parfum have been acquired by the French Groupe J. Bogart. Former owners Ackermans & van Haaren and NPM have had to write off a substantial loss on the sale.
Australian luxury cosmetics brand Aesop has opened its first Belgian store in Antwerp. The brand is famous for its sleek store and package design and 'luxurious' prices.
Stefan De Loecker, currently the second in command at Beiersdorf, will become CEO of Nivea’s parent company as from December. Previously, the Belgian had worked at Nestlé for twenty years.
Belgian chain Di and its managing director Helen Willems have parted ways. Matthias De Raeymaeker, CEO of Di's owner Distriplus, will take charge of the chain.
German multinational Henkel has reached a record quarterly turnover of 5.14 billion euro, but higher prices for raw materials and adverse exchange rate effects have pushed expected profits down.
Aesop, an Australian beauty brand, is to open a first store in the Belgian fashion capital Antwerp. It would be the first own store for the chain in the Benelux.
Despite negative exchange rates and logistical issues in the United States, Henkel still sees positive signs in the first quarter. Its glue division outperformed the laundry and beauty divisions.
Procter & Gamble has announced new sustainability targets for 2030, as it has already – for the largest part – reached its 2020 targets. One of its goals is to make sure that all packaging is recyclable or reusable.
Zalando launched its beauty product range in Germany today, which it announced in October. Markets outside of Germany will follow later.
Li Ka-shing, CK Hutchinson’s owner and CEO, will step aside mid-May. The 89-year old will then pass on the baton to his eldest son, Victor Li, who will then take control of chains like Kruidvat and ICI Paris XL.