Store chain The Body Shop launched a new eCommerce platform, better suited to mobile devices. The goal is generate 20 % of its turnover from online channels within the next few years.
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French cosmetics company L’Oréal has received fifteen bids for its British chain The Body Shop, for which it hopes to get at least one billion euro. The bidders reportedly include private equity firms like CVC, Carlyle, Advent and Bain Capital.
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Not even five years after Burberry took full control of its perfume activities, the British luxury brand will once again outsource it once more. American specialist Coty will manage the popular My Burberry, Mr Burberry and other perfumes from October onward.
Because of the increased concerns about brexit's fallout, British cosmetics company Lush is looking to expand beyond the UK's borders. It fears it may have to pay increased import taxes and that it cannot find the right employees easily any more.
French cosmetics giant L’Oréal has asked business bank Lazar to investigate the different options for the environmentally-conscious store chain The Body Shop, but it is likely the ailing chain would be put up for sale.
Procter & Gamble will manufacture a new Head & Shoulders bottle, partially made from washed-up plastic. The bottle will also be fully recyclable.
Unilever has reached a deal to acquire Living Proof, a hair care product manufacturer, for an undisclosed fee. It is mostly known for its biomedical research into hair problems.
Henkel is set to invest more in its ten biggest brands, because its by new CEO Hans van Bylen,wants these to contribute more turnover in the future.
The European Court of Justice has decided there will be no exceptions to the ban on animal testing for cosmetics after the Federation of Cosmetics Ingredients took the case to court.
Unilever is set to acquire Seventh Generation, a company focused mainly on ecological cleaning agents, for about 700 million dollars (625 million euro).
British cosmetics group Lush is moving its European production to Germany because of the result of the British EU membership referendum.
In the past quarter, German Henkel - manufacturer of brands like Schwarzkopf, Persil and Pritt - sold more, although the negative impact of the exchange rates meant turnover ended up lower than last year. Luckily for Henkel, profit did increase.
Procter & Gamble's fourth quarter turnover was lower than last year's fourth quarter, mainly because of negative exchange rate fluctuations and its divestment from Venezuela.
Make-up brand Sephora looked to dating app Tinder for its new ad campaign, with customers swiping left and right to browse the brand's different looks.
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.
Brazilian media claim Belgian Ontex has tabled a bid for Brazilian pharmaceutical company Hypermarcas' diaper division. The company from Eastern Flanders also acquired Mexican Grupo Mabe last year.