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New Movement in Coty’s Takeover Bid of Avon
With new investors and moves to increase capital, Coty upped its acquisition offer for Avon; the Avon board of directors is currently considering the proposal.
BB Creams Surge in Popularity in the U.S.
A report from The NPD Group shows the significant growth of the multifunctional beauty products in the U.S. market in recent months.
P&G Moving Its Beauty Headquarters to Singapore
Citing its belief that the strongest beauty market growth opportunities lie in Asia, the company is moving the leadership of its beauty division; however, current group president Virginia Drosos is stepping down rather than move.
GCI Helps Luxe Pack New York Celebrate 10 Years
The 2012 edition celebrates 10 consecutive years of growth; seminar program includes look at mega trends, the keys to a brand's success and how packaging suppliers are addressing trends and opportunities through packaging innovations.
Nordstrom Tops Luxury Shopping Rankings
A survey from the Luxury Institute reports that U.S. shoppers earning at least $150,000 annually show preference to Nordstrom over other department store and luxury shopping options.
Financial News
Henkel Grows Sales 4.8% for Q1 2012
The company's cosmetics/toiletries division also grew 4%, aided by price increases the company was able to implement thanks to its innovations and strong brands.
Inter Parfums Posts a Record Quarter
Net sales for the quarter were $165.4 million, with European-based operations generating sales of $145.2 million and sales of U.S.-based operations $20.2 million, double-digit percentage increases for both regions.
Preliminary Results Show Strong Growth Quarter for Ulta
The company expects to report its Q1 2012 total net sales of $474 million, representing a 22.8% increase over Q1 2011.
Featured Articles
May the Force Be With You
By: Jeff Falk Learn about how connecting with consumers on a one-on-one basis has power, but also requires care and strategy.
Defining Cosmeceuticals
By: Sara Mason As an unpoliced term, "cosmeceutical" can have myriad definitions. This makes ingredients and efficacy that much more important to brands targeting consumers seeking "cosmeceutical"-type products.
Colombia's Golden Triangle—Biodiverse and Market-friendly
By: Nancy Jeffries A brief overview of Colombia's beauty industry and the efforts in technologies and ingredient sourcing fueling it.