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Acquisition will enable L’Oréal USA to build a new dedicated multi-cultural beauty division; strengthen the company's position in the dynamic multi-cultural market segment.
The Estée Lauder Companies acquiring prestige fragrance and sensory lifestyle brand; addition will complement and strengthen the company’s portfolio of brands.
"Beauty destination" designed, in part, to improve consumer access to the Avon brand; site to help educate and engage consumers and will be promoted through a multipronged digital media campaign.
L'Oréal was granted a Chinese business license for Shanghai Episkin Biotechnology Ltd., the company it created to market the Asian version of its reconstructed skin model Episkin.
Bourjois complementary to Coty’s existing color cosmetics portfolio; addition seen as step toward bolstering positions in a number of Western European countries and strengthen its position overall in color cosmetics.
Scannavini resigned due personal reasons, chairman Bart Becht will take over as interim CEO while the company begins search for a successor.
Holmes will represent the Olay global brand campaign, Your Best Beautiful; actress is brand's first global ambassador.
Acquisition provides Murad with an opportunity to directly manage its growing business in prestige and professional channels in the U.K. and marks a strategic foothold for its planned expansion of existing operations in Europe.
With a net revenue of 405 million Brazilian reals in 2013 and brands well accepted by Brazil's growing middle class, the Niely Cosmeticos Group expected to positively complement the L'Oréal products already offered in Brazil.
Changes in company structure and new leadership developed to execute vision of a "challenger" mentality and strategy of strengthening brands in the marketplace.