business news
17 Mar 2023
--- Unilever has invested €20 million (US$21.3 million) in a new personal care production facility in the Kyiv region of Ukraine, expressing its “long-term commitment to the country.” Construction will start...
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16 Mar 2023
--- It’s “business as usual” at Univar Solutions as the dust settles following this week’s announcement that Apollo Funds plans to acquire the chemical and ingredients distributor for US$8.1 billion.
16 Mar 2023
--- Skin microbiome company, Sequential Skin and Johnson & Johnson (J&J) have reached a collaborative agreement to “quantify skin health.” The partnership will enable Sequential Skin to develop new methods of...
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15 Mar 2023
--- Private equity company Apollo Global Management’s affiliate Apollo Funds has entered into a definitive merger agreement to acquire chemical and ingredients distributor Univar Solutions, in an all-cash transaction...
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08 Mar 2023
--- A new citral plant at BASF’s Verbund site in Zhanjiang, China and menthol and linalool downstream plants at its Verbund site in Ludwigshafen, Germany, are expected to boost the company’s aroma ingredients...
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08 Mar 2023
--- Seppic, a subsidiary of Air Liquide Healthcare, and Botalys, a Belgian start-up specializing in the cultivation of rare and medicinal plants, have signed a research partnership for the co-development of new ingredients for...
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07 Mar 2023
--- Material innovation start-up Sulapac is launching two versions of a bio-based material suitable for fragrance bottle caps. The move comes in response to rising beauty industry demands for environmentally conscious packaging.
06 Mar 2023
--- Specialized food ingredient and nutraceutical innovator Azelis has teamed up with agricultural upcycling and circular economy specialist Alvinesa Natural Ingredients. The partnership will expand Alvinesa’s footprint to...
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01 Mar 2023
--- Caldic has closed the transaction and will merge with Asia-Pacific-based Connell forming an alliance poised to strengthen the company’s regional presence, which will operate under the Connel Caldic brand.
28 Feb 2023
--- Shiseido is launching 150 limited edition non-fungible tokens (NFTs) to celebrate its 150th anniversary in collaboration with Cult, an agency for Web3 services. The #AliveWithBeauty campaign is a...
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28 Feb 2023
--- General trading company Mitsui & Co. is investing in Kao’s subsidiary TBP Importação e Comércio de Cosméticos – striking a strategic partnership in the company’s skincare...
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22 Feb 2023
--- Givaudan has agreed to purchase a portfolio of Amyris’ cosmetic ingredients, including Neossance Squalane, a high-performance emollient, Neossance Hemisqualane, a plant-based silicone alternative and CleanScreen, a...
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17 Feb 2023
--- Just a few weeks after selling its Savory Solutions Group for US$900 million, IFF is poised to sell its Flavor Specialty Ingredients (FSI) segment to UK-based private equity firm Exponent for US$220 million.
15 Feb 2023
--- Private equity firm focused on investing in consumer brands and companies, Yellow Wood Partners, has acquired Unilever’s Suave brand in North America. The Suave beauty and personal care brand includes hair care,...
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14 Feb 2023
--- Bed Bath & Beyond (BBB) Canada is “winding down” its business, according to a court filing submitted last Friday. The group admits it has been financially struggling with “significant net losses since...
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13 Feb 2023
--- Unilever has filed a patent for its oral care instrument design claiming “better stain removal.” The filament or bristle is shaped like a double-concave lens instead of a circular cross-section to maximize...
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10 Feb 2023
--- Market uncertainties pertaining to inflation, disrupted supply chains and fluctuating demand for luxury purchases have pivoted beauty companies to shift gears in fiscal 2023. However, newly released annual results maintain a...
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10 Feb 2023
--- Evonik is set to debut a series of natural, climate-friendly solutions and processes for the local Chinese market at the upcoming cosmetics exhibition, Personal Care and Homecare Ingredients (PCHi) scheduled for February 15...
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08 Feb 2023
--- Cosmetics players under the French federation of cosmetics industries (FEBEA) celebrated “record” international growth of 18.8% in one year. Newly released annual results reveal the sector managed to hit total...
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08 Feb 2023
--- The impacts of COVID-19 continued leaving their marks across fiscal 2022 in the personal care sector, prolonging a challenging business environment. Other factors include rising energy costs, the Russia-Ukraine war, changes...
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