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Cosmetics

Second largest US pharmacy chain no longer sells tobacco

The second largest American pharmacy chain, CVS Caremark, will no longer sell cigarettes or tobacco from 1 October onwards. Another blow for the tobacco industry, analysts wonder if a voluntary or even forced ban is possible in Belgium as well.

LUSH Cosmetics’ ethical soaps are popular

LUSH Cosmetics, a British chain which creates and sells ethical bath products, saw its yearly turnover increase 11.3 % this past fiscal year. Profits dropped however, mainly because of additional investments in sustainability and charity.

Kruidvat and Ici Paris XL to the stock exchange next year

A.S. Watson is heading to the stock exchange in 2014. The owner of Benelux chains like Kruidvat and ICI Paris XL should be worth some 17 billion euro.

L'Oréal creates a Group Travel Retail Division

French cosmetics giant L’Oréal has created a Group Travel Retail Division. With the move, the number one in cosmetics hopes to stimulate sales in the fast growing ‘travel retail beauty segment’.

Rituals gets new international web shop

Rituals hasopened a new web shop, offering products in 15 different countries. Improved mobile support has been added, with a purchase option for mobile consumers.

L’Oréal involved in experimental marketing in New York subway

French cosmetics group L'Oréal has started a new interactive marketing campaign in the New York subway. Passers-by are presented with specific products using several screens and a mirror with cameras and can even possible to purchase the items on the spot.

Amazon starts selling luxury cosmetics

Online retailer Amazon has created a specific section for luxury cosmetics brands. Twelve editors will offer products from 24 different brands, looking to connect to contemporary trends.

Judge forces Sephora Champs-Elysées to close at 21h

France’s largest perfumery, the Sephora store on the Champs-Elysées, will be forced to close its doors at 21h from next week onwards. If the store fails to comply and continues to be open till midnight, there will be a penalty of 80,000 euro for each violation.

America caused disappointing numbers for L’Oréal

French cosmetics group L’Oréal has had sales of 5.8 billion euro in the second quarter of 2013. That is 4.2% more than in the same period of 2012, but the result is far lower than the growth of 5.1% the company had in the first quarter. The rise in demand for cosmetics worldwide is clearly slowing down.

New CEO Procter & Gamble makes big changes

Barely two weeks after his comeback as head of the world’s largest company of consumer goods, CEO of Procter & Gamble A.G. Lafley has made some big changes: the structure of the group will be simplified and the four divisions all get a new manager, who will report directly to the big chief.

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.