business news

28 Nov 2022
--- Shortly after unveiling its new luxury beauty label, Shihyo, L’Oréal has apologized for referring to the 24 solar terms of the traditional lunar Chinese calendar as “Asian” wisdom. The communicated... Read More
25 Nov 2022
--- E-commerce solutions provider Global-e has warned British retailers to expect an underwhelming Black Friday today after its research found nearly half (48%) of UK consumers are shopping online from international retailers to... Read More
23 Nov 2022
--- Dutch health and nutrition multinational DSM and privately-owned Swiss fragrance and flavor leader Firmenich are launching an exchange offer as part of their merger to create DSM-Firmenich. The companies jointly announced on... Read More
22 Nov 2022
--- L’Oréal Groupe is introducing a luxury beauty brand, Shihyo, with products featuring ShiHyo24, a patented, nutrient-rich concentrate of 24 herbal ingredients infused with fermented rice water and ginseng water.... Read More
17 Nov 2022
--- Mitsubishi International Food Ingredients’ (MIFI) fine chemicals department is rebranding as MIFI Bioceuticals as of December to focus on developing a distinctive portfolio of cosmetic components, among... Read More
16 Nov 2022
--- Symrise is introducing Hydrolite 6 green as the “first green 1,2-hexanediol” in the cosmetics market. The company is marketing the ingredient as multifunctional and compatible with all skin types.The... Read More
16 Nov 2022
--- For a total of US$2.8 billion, beauty giant The Estée Lauder Companies (ELC) has acquired the Tom Ford brand for furthering opportunities to internationally expand luxury and digital growth. The deal is expected to... Read More
15 Nov 2022
--- Evonik has ramped up its ceramide production to commercial-scale at its site in Dossenheim, Germany. This has been done to bolster supply security while reducing dependence from alternative supply routes as demand for the... Read More
14 Nov 2022
--- Topicals has secured US$10 million in a financing round led by CAVU Consumer Partners to propel omnichannel growth, drive new hires, support channel expansion and fuel brand marketing awareness. The company will also... Read More
10 Nov 2022
--- Beauty product consumers are still buying luxury and premium products from Amyris, flags the company in its third-quarter report, despite global inflation putting a strain on the purse strings. Key beauty categories such as... Read More
09 Nov 2022
--- Coty has released its financial results for the first quarter (Q1) of the fiscal year 2023, which ended on September 30, 2022. The company continued to make solid financial progress, with Coty’s Prestige business... Read More
09 Nov 2022
--- Kao is introducing Skin Potential Analysis, a service powered by skin surface lipids-ribonucleic acid (SSL-RNA) monitoring technology, that allows customers to learn about their skin’s condition paired with an... Read More
09 Nov 2022
--- Evonik has joined forces with Intercos for a direct supply agreement at the fifth China International Import Expo (CIIE). As part of the agreement, Evonik will supply raw materials such as active ingredients, emulsifiers and... Read More
08 Nov 2022
--- The latest European Union Observatory for Nanomaterials (EUON) report predicts the growth of the nanomaterial (NM) market within the continent from 2021 to 2025. The study identifies leading market operators and outlines a... Read More
08 Nov 2022
--- As the COP27 climate summit commenced in Egypt yesterday, world leaders set an urgent tone for the two-week event, heaving on the world to collectively combat global warming. In a bid to do its part, LVMH announced a new... Read More
07 Nov 2022
--- In a recent event hosted by Amyris, the company reveals crucial issues that matter to Gen Z and how these emerging voices are changing corporate and political agendas. They are demanding actions that limit global warming up... Read More
03 Nov 2022
--- Estée Lauder Companies (ELC) is reporting net sales of US$3.93 billion for its 2023 fiscal first quarter, a decline of 11% from $4.39 billion in the prior-year period. The company shares that COVID-19 restrictions in... Read More
27 Oct 2022
--- Biotechnology company, Amyris, and the World Wildlife Fund (WWF), a conservation organization, have partnered to support WWF’s initiatives to improve ocean health and lessen the negative impacts of fishing on shark... Read More
27 Oct 2022
--- Unilever’s latest sales report shows growth acceleration of 10.6% in the third quarter, raising sales guidance for this year to be above 8%. Personal Care underlying sales were up 8.9%, Beauty & Wellbeing grew by... Read More
26 Oct 2022
--- Symrise has released its third quarter sales report, highlighting that despite the continued challenging market environment, growth across all divisions was “much stronger than expected,” bolstered by sales... Read More