Cosmetics

Henkel profits from emerging markets

German Henkel saw its sales and profits rise in the past quarter, thanks to good results in emerging countries. This way the declining demand in Europe was abundantly compensated.

Bernard Arnault no longer wants to be Belgian

CEO of LVMH Bernard Arnault, who said he wanted to get a Belgian passport in September of last year, now declared in an interview with French paper Le Monde he no longer intends to go through with it.

Coty Inc withdraws takeover bid on cosmetics seller Avon

Briefly it looked as if Avon, the biggest direct seller of cosmetics in the world, would be taken over by its smaller competitor Coty. Only last week, the latter had substantially increased its bid, but as Avon missed Coty's deadline of 14 May, Coty withdraws its bid.

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