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The report includes information regarding the company, its strategy, its vision, the four brands, 2016 highlights, the board of directors, company performance, corporate and investor information and consumer information.
Many beauty entrepreneurs put virtually all of their money into product development and packaging, leaving little to nothing left for marketing, sales, distribution, ops infrastructure or future product development. This is a costly mistake that immediately puts a new brand at risk.
The company saw an increase in turnover by 6.1% to €13.3 billion compared to €12.5 billion in the first quarter of 2016.
According to the company, the group’s sales as of March 31, 2017, were €7.04 billion, which equals a 7.5% increase from Q1 2016.
Sequoia Capital is the same firm that initially invested in IT Cosmetics, which was later sold to L’Oréal.
The company expects the total dividend payments to shareholders to be more than $7 billion in fiscal year 2017.
The reported revenue for Q1 2017 was €1.4 billion compared to €1.2 billion in Q1 2016.
A contract restricts Nestle from adding to its position while Bettencourt is still alive. Outgoing chairman, Peter Brabeck stated that it was not clear what Nestle would do in the event of her death.
Eight Series A investors have given $9 million to fund the emerging media company responsible for Beautycon Festivals, Beautycon box and Beautycon digital platforms.
BPerfect Cosmetics’ tan, eyebrow and mascara products will soon be sold in 35 Gordons Chemists stores.