Global Cosmetics News
THE WHAT? LVMH has reported its results for the first half of fiscal 2024. The luxury goods conglomerate said that growth continued over the period, with revenue up 2 percent in organic terms, despite a geopolitical and economic environment that remained uncertain. In reported terms, growth dropped by 1 percent to €41.7 billion. THE DETAILS...
THE WHAT? L’Occitane will proceed with the final steps in its privatisation process after a resounding number of shareholders indicated their support of its plan. Some 91.97 percent of disinterested shareholders tendered their shares and as a result, the company will proceed with the compulsory acquisition of the remaining shares. THE DETAILS...
THE WHAT? AkzoNobel has warned that anti-dumping duties ushered in by the European Union on titanium dioxide imports from China and the US’ proposed tariff on epoxy will impact prices for shoppers in the West. THE DETAILS According to a report published by Bloomberg, the specialty chemicals producer said that the measures will impact raw...
THE WHAT? Eternal Beauty is preparing to list on the Hong Kong Stock Exchange. The Chinese beauty and fragrance brand manager submitted its application for listing on the main board, naming BNP Paribas and CITIC Securities as joint sponsors. THE DETAILS According to a report published by Chaileedo, Eternal Beauty’s revenue hit CNY1.864 billion...
THE WHAT? The Estee Lauder Companies has named Akhil Shrivastana as Executive Vice President and Chief Financial Officer, effective November 1, 2024. Shrivastava succeeds Tracey T Travis, who is retiring. THE DETAILS Travis will remain at the company until the end of June, 2025 to support a seamless transition. Shrivastava joined...
THE WHAT? Oddity is gearing up for the launch of a medical grade skin care and body care brand. The line, which is yet to be named, will comprise OTC and prescription-only products designed to treat skin conditions ranging from acne to eczema. THE DETAILS According to a report published by the Wall Street Journal, the tech firm is aiming...
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