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Derma e announced the opening of a new regional office in Dubai, U.A.E.
There remains a strong preference among South African consumers for value-added and value for money product offerings within color cosmetics. Products that provide multiple benefits and all-in-one solutions remain a popular choice. High-income earners who are generally less price-sensitive tend to continue to demand more premium brands that have proven their efficiency.
The economies of the Middle East are turbulent ever since the Arab Spring in 2010, with trade hit by the ongoing unrest in the region. This has impacted sales of cosmetics and toiletries, although there are still opportunities for both regional and multinational players—especially in nearby Turkey, where a young population and growing urbanization has helped drive growth in sales of beauty products.
With the plant, the company said every step in the processing of vanilla can now be performed locally on the East African island for the first time.
According to a Kline & Company blog post, the beauty markets in the United Arab Emirates and South Africa show burgeoning possibilities for the professional hair care category.
Rhône Capital also has advised Elizabeth Arden that, subject to market conditions and applicable legal or regulatory approvals, it intends to increase its ownership of the company’s common stock over time.
Packaging suppliers TricorBraun and Vitro have expanded into India and Brazil, respectively, and Fusion Packaging, Aptar and Albée have collaborated on innovative new beauty pack launches.
See the Q4 and fiscal year end results for both The Estée Lauder Companies and Elizabeth Arden Inc., as well as results for Oriflame.
Organic sales grew 2%, including a two percentage point benefit from pricing. Shipment volume was in-line with prior year levels, but net sales were $20.2 billion, a decrease of 1% versus the prior year period.
The L’Orèal Luxe and active cosmetics divisions contribute growth to the multinational beauty company.