Cosmetics
According to research from market researcher Lucintel, the worldwide shampoo market will have a 25.73 billion dollar (23.58 billion euro) turnover by 2019, with every subsection of the market enjoying growth by then.
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Allegedly, there will be a ruling on the cartel case implicating 17 Belgian supermarkets and manufacturers. According to Bloomberg, the fine could be as high as 600 million euro, although a settlement is also still possible.
German perfume chain Douglas wants to launch an IPO later this year, three years after it was taken off the stock exchange when American Advent International acquired the company.
Cosmetics firm P&G has sold off its luxury hair brand Frédéric Fekkai to joint venture Fekkai Brands. Procter & Gamble also had a network of hairdressers, equally named Frédéric Fekkai, which it also sold off to the same company.
American Procter & Gamble will have to make it clearer for consumers to see that the "Beauty Recommended" YouTube channel is its own property and that it controls the content that is posted on the channel.
Dille & Kamille has launched its social network, DenK, only available for employees. Its goal is for its employees to get to know each other better, especially as the company is becoming bigger and its structures are ever-expansive.
Only a year after reaching the 1 billion euro turnover milestone, Dutch retailer Action has also scaled the 1.5 billion milestone with a 30 % turnover growth to 1.506 billion euro. Its operational profit grew 29 % to 165 million euro.
Japanese cosmetics manufacturer Shiseido has had a rather average fiscal year: turnover only grew slightly and its profit numbers were not exactly spectacular as well, but a restructuring should lead to better results.
Iglo Foods' CEO Elio Leoni Sceti is American cosmetics group Coty's new CEO. His temporary predecessor Bart Brecht will step down in his favour, but will keep his position as chairman of the board.
French cosmetics company L'Oréal has seen its turnover grow 14 % in its first quarter, up to nearly 6.5 billion euro. There are still reasons for concern however, as the underlying sales has slowed down, especially with its main consumer brands.
In Germany, food group Unilever and Nivea owner Beiersdorf are entwined in a clash over who is allowed the typical Nivea blue. Beiersdorf states that that particular type of blue is inextricably linked to Nivea.
German erotics concern Beate Uhse's wholesale turnover grew 16 %, mainly thanks to its Amazon collaboration. Its own online platform failed to meet expectations however.
Investment company Advent intends to sell its Germany perfumery chain Douglas: interested buyers will be notified in the upcoming weeks.
German laundry detergent manufacturer Henkel has announced increased profits compared to the year before, mostly thanks to strong sales in emerging markets.
British-Dutch Unilever has acquired British skin care specialist REN Skincare for an undisclosed fee. The deal should be finalized by May 2015, if the antitrust authorities approve the deal.
French cosmectics firm L'Oréal has opened a fourth European boutique in the Italian city of Milan, after previous store openings in Stockholm, Madrid and Oslo.
